WallStSmart

Mohnish Pabrai - Dalal Street LLC

Dalal Street LLC

Latest 13F filing
Q4 2025
filed Feb 13, 2026
Portfolio value
$402.04M
Positions
4
Top 10 concentration
100.0%
QoQ change
+19.4%
+$65.18M
Activity vs. Q3 2025
0
New positions
2
Added to
1
Unchanged
1
Reduced
5
Exited

Portfolio composition — Q4 2025

  • HCCWARRIOR MET COAL INC39.5%
  • RIGTRANSOCEAN LTD27.8%
  • AMRALPHA METALLURGICAL RESOUR I27.0%
  • ?VALARIS LTD5.8%

Top buys

New & added positions, by size

  • RIGADD
    TRANSOCEAN LTD
    $111.68M
    +10.6%
  • AMRADD
    ALPHA METALLURGICAL RESOUR I
    $108.53M
    +2.1%

Top sells

Reduced & exited positions, biggest cuts first

  • ANEXIT
    AUTONATION INC
    -100.0%
    Exited
  • NEEXIT
    NOBLE CORP PLC
    -100.0%
    Exited
  • CEIXEUREXIT
    CONSOL ENERGY INC NEW
    -100.0%
    Exited
  • —EXIT
    DANAOS CORPORATION
    -100.0%
    Exited
  • ARCH1USDEXIT
    ARCH RESOURCES INC
    -100.0%
    Exited

Holdings as of Q4 2025

#TickerIssuerSharesValue% PortfolioReported priceActionΔ Shares
1HCCWARRIOR MET COAL INC1,799,831$158.69M39.47%$88.17—0%
2RIGTRANSOCEAN LTD27,040,133$111.68M27.78%$4.13ADD+10.6%
3AMRALPHA METALLURGICAL RESOUR I543,000$108.53M27.00%$199.88ADD+2.1%
4—VALARIS LTD459,098$23.14M5.76%$50.40REDUCE-56.9%

Positions exited in Q4 2025

TickerIssuerPrior shares
ANAUTONATION INC0
NENOBLE CORP PLC239,000
CEIXEURCONSOL ENERGY INC NEW0
—DANAOS CORPORATION0
ARCH1USDARCH RESOURCES INC0

Source: SEC EDGAR 13F-HR filing Feb 13, 2026. Reported prices are derived from the filing's value-to-shares ratio (effectively the quarter-end mark). Filings are published with a 45-day delay. CIK 0001549575.