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DALAL STREET, LLC

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WEST LAKE HILLS TX Investment Advisor Hedge Fund
13F Summary
Dalal Street is based out of West Lake Hills. Dalal Street is a hedge fund with 6 clients and discretionary assets under management (AUM) of $1,113,194,523 (Form ADV from 2025-03-31). Their last reported 13F filing for Q1 2025 included $234,824,008 in managed 13F securities and a top 10 holdings concentration of 100.0%. Dalal Street's largest holding is Warrior Met Coal Inc with shares held of 1,799,580. Whalewisdom has at least 86 13F filings, 1 13D filings, and 38 13G filings
Business Description
The Adviser manages several Clients, each of which is a private pooled investment vehicle. The Adviser may in the future establish, sponsor and become affiliated with other pooled investment vehicles and companies that have investment programs that are similar or substantially similar to the investment program of its current Clients. As a result, the Adviser and its personnel may have conflicts of interest in allocating their time and resources between Clients, in allocating investments among Clients and other entities, and in effecting transactions between Clients and other entities, including ones in which the Adviser or its personnel may have a financial interest. As of the date hereof, the Adviser provides investment management services to The Pabrai Investment Fund II, L.P., Pabrai Investment Fund 3, Ltd., The Pabrai Investment Fund IV, L.P. (collectively “Pabrai Funds”), Dhandho Holdings Offshore Ltd., operating as a master-feeder structure, investing substantially all of its assets within Dhandho Holdings, L.P., and Dhandho Holdings Qualified Purchaser, L.P., a parallel fund to Dhandho Holdings L.P. (collectively “Dhandho Holdings”). The Adviser also manages two proprietary accounts and tailors its advisory services as described in the relevant Client’s private placement memorandum and/or as set forth in such Client’s organizational documents. Please refer to Item 8 for a more detailed description of the Adviser’s management strategies as well as the securities and other instruments purchased by the Adviser on behalf of the Clients.
Investment Strategy
The Pabrai Funds utilize proprietary long-value investment strategies, investing client assets in a diverse portfolio of securities. This includes equities and debt from both U.S. and non-U.S. national exchanges and established financial markets. The Adviser has the discretion to invest or trade in various types of equity and debt securities, such as common and preferred stock, convertible debt, bonds, notes, zero coupon bonds, fixed income securities, options, and investment company securities. In addition to these core investments, the Adviser may also allocate client capital to short-term instruments like commercial paper, bank certificates of deposit, and U.S. Treasury Bills. While the Adviser aims to allocate investment opportunities in the best interest of all Clients, opportunities may not be allocated to all Clients or may be limited for some. The Adviser evaluates investments for each Client based on numerous factors which may be relevant in determining whether a particular situation or strategy is appropriate.
Owners
  • MOHNISH PABRAI TEXAS TRUST, DATED JANUARY 11, 2024 - OWNER AND MEMBER
  • PABRAI, MOHNISH, NONE - MANAGING MEMBER
  • MISSMAR, FAHED, SAD - CHIEF FINANCIAL OFFICER
  • ENGLEMAN, KIMBERLY, ANNE - CHIEF COMPLIANCE OFFICER
  • Click on the Ownership/Private Fund Data tab for more details.
Known Email Addresses
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Other Contact Information
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2025-03-31

Top Buys (13F)

Name % Change
VAL Valaris Ltd 23.87%
NE Noble Corp Plc 17.45%
HCC Warrior Met Coal Inc 0.09%

2025-03-31

Top Sells (13F)

Name % Change
CEIX Core Natural Resourc 25.04%
AMR Alpha Metallurgical 16.36%

2025-03-31

13F Holdings Summary

Name $ Change
HCC Warrior Met Coal Inc 36.57%
VAL Valaris Ltd 23.87%
AMR Alpha Metallurgical 22.11%
NE Noble Corp Plc 17.45%

2025-03-31

13F Activity

Market Value $235m, Prior: $253m
Inflows (Outflows) as % of Total MV +14.3263%
New Purchases 2 stocks
Added To 1 stocks
Sold out of 1 stocks
Reduced holdings in 1 stocks
Top 10 Holdings % 100%
Turnover %[1] 60%
Turnover Alt %[2] 33.22%
Time Held Top 20 3 quarters
Time Held Top 10 3 quarters
Time Held All 3 quarters

[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.

[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.

2025-03-31

13F Sector Allocation Over Time

limited to past 4 quarters. Subscribe to see all available data

2025-03-31

Analysis

Top 20 equal-weighted holdings. Performance numbers calculated through 2025-03-31

Portfolio Performance