Mohnish Pabrai
Pabrai reshuffles energy holdings in Q2 2026: RIG added despite largest-ever reduction, HCC trimmed.
- Largest reduction in RIG on record with us — −$35.5M
- Added $35.5M to RIG
- Trimmed HCC by $27.1M
Sources & details
Windowpast 90 days · 2 events · ending Sep 17, 2026
DetailLargest reduction in RIG on record with us — −$35.5M (since 2024-Q3) · Added $35.5M to RIG — 11% of portfolio, +<1% QoQ · Trimmed HCC by $27.1M — 8% of portfolio, −4% QoQ
Full summary
Pabrai's Q2 2026 filing reveals a counterintuitive energy reshuffle. He added 6.0k shares to RIG, yet the position shrank by $35.5M—the largest reduction in RIG on record with us (since 2024-Q3)—representing 11% of his disclosed book. Simultaneously, he trimmed HCC by 66.8k shares and $27.1M, a 4% sequential decline in that 8%-of-book holding. The apparent contradiction in RIG—more shares but less capital—suggests a sharp price decline in the holding during the quarter. Pabrai's willingness to add shares into weakness, combined with the trimming of HCC, points to a selective rebalancing within his energy exposure rather than a wholesale retreat from the sector.
Underlying filings
- Institutional holdingMohnish PabraiJun 30, 2026Added to RIG · +6.0k shares · −$35.5M
- Institutional holdingMohnish PabraiJun 30, 2026Trimmed HCC · −66.8k shares · −$27.1M
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GeneratedSep 17, 2026
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