Your Complete Mohnish Pabrai 13f Checklist for Stock Analysis
Mohnish Pabrai's 13F filings are among the most watched quarterly disclosures in value investing because his strategy is explicitly built on cloning: copying the best ideas of investors he respects, including Warren Buffett, Charlie Munger, and Guy Spier. A mohnish pabrai 13f tells you not just what Pabrai owns, but often what he borrowed from someone else's disclosed portfolio and held with enough conviction to concentrate heavily in. His funds have delivered returns above 1,000% since inception in 1999, against roughly 450% for the S&P 500 over the same period.
This checklist covers how to find a mohnish pabrai 13f, what to look for, and how to act on the data without common mistakes.
Key Takeaways
- The SEC requires all investment managers with $100 million or more in U.S. equity assets to file a 13F within 45 days after each quarter end.
- Pabrai's 13F reflects positions as of the quarter-end date, which can be 45-90 days before you read it. Prices may have moved significantly.
- His portfolio is typically 5-10 names, extremely concentrated by institutional standards, often with 20-40% in a single position.
- The 13F only shows long U.S. equity positions. It excludes cash, bonds, puts, non-U.S. holdings, and short positions.
- Pabrai has publicly endorsed cloning as a legitimate strategy: if Buffett's Berkshire 13F (BRK.B, P/B near 1.5) shows a new position, Pabrai often checks whether it meets his own hurdle rate and buys it too.
- The ValueMarkers guru tracker aggregates Pabrai's filings and lets you compare his positions against VMCI scores in real time.
The Mohnish Pabrai 13F Checklist
Work through these steps in order. Skipping any step increases the chance of acting on stale or incomplete information.
Step 1: Locate the Filing
The primary source is SEC EDGAR at sec.gov/cgi-bin/browse-edgar. Search for "Pabrai Investment Funds" as the company name and select form type 13F-HR. The most recent filing appears at the top. The ValueMarkers guru tracker pulls and formats this data automatically if you prefer not to parse EDGAR directly.
Step 2: Check the Filing Date and Quarter-End Date
Every 13F header shows the period of report (the quarter-end date) and the filed-as-of date. If the period of report is December 31 and today is February 10, prices have moved 40+ days since the snapshot. Write down the quarter-end date. Every price in the filing reflects that date, not today.
Step 3: Identify the Top Positions by Market Value
Sort the position table by market value, largest first. The top 3-5 positions usually represent 60-80% of total disclosed equity. For each, note the ticker, share count, market value at quarter-end, and whether the position increased, decreased, or held flat versus the prior 13F. A new position means Pabrai initiated it within the last three months. A reduced position means he sold, which is equally informative.
Step 4: Verify Current Price and Quality Metrics
Pabrai's quarter-end price and today's price may differ substantially. Before acting on any position, run it through the ValueMarkers screener and check:
| Metric | What to Check | Pabrai's Typical Threshold |
|---|---|---|
| Price-to-book | Current P/B vs. historical average | Below 1.5x for asset-heavy names |
| Return on equity | 3-year average ROE | Above 15% preferred |
| Free cash flow yield | FCF / market cap | Above 6% |
| Net debt-to-EBITDA | Balance sheet strength | Below 3x |
Step 5: Read the 10-K
The 13F tells you what Pabrai owns. The 10-K explains why. Read the business description, the 3-5 risk factors most likely to break the thesis, and the financial statements. Pabrai reads every 10-K before buying.
Step 6: Calculate Your Own Intrinsic Value
The copying investor needs independent analysis because the original investor may have sold by the time you read the 13F. Use the ValueMarkers DCF calculator to build a base and bear case. If the bear case still shows a 20% discount to intrinsic value, the margin of safety is real.
Step 7: Set a Sell Rule Before Buying
Write your sell trigger before you buy: the price at which the stock reaches fair value, the signal that the thesis is broken, and the opportunity cost check. Pabrai defines his exit before entry.
Further reading: SEC EDGAR · Investopedia
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Practical Reference for Value Investors
mohnish pabrai 13f is most useful when value investors apply it inside a wider framework rather than reading the metric in isolation. The body of this article covers the formula, the inputs, the typical sector benchmarks, and the most common pitfalls. The notes below summarize how disciplined value investors translate the discussion above into a workflow they can repeat each quarter when reviewing their portfolio. ValueMarkers exposes mohnish pabrai 13f alongside the full 120-indicator composite on every covered ticker, with sector percentiles and historical trends, so the concepts in this article translate directly into screener filters and watchlist rules.
Where mohnish pabrai 13f fits in a multi-factor framework
Value investing is a multi-factor discipline. Valuation metrics like P/E, P/B, and EV/EBITDA establish the price you pay. Profitability metrics like ROIC, ROE, and gross margin establish the quality of the underlying business. Balance-sheet metrics like net-debt-to-EBITDA and the current ratio establish solvency. Cash-flow metrics like free cash flow and the cash conversion ratio establish whether reported earnings are real. mohnish pabrai 13f sits inside this framework — it tells you something specific that the other metrics do not. The body of this article shows where it adds the most signal and where it can be misleading on its own.
How to use mohnish pabrai 13f on the ValueMarkers platform
The ValueMarkers screener lets value investors filter the full universe of 100,000+ stocks across 73 global exchanges using mohnish pabrai 13f together with the other 119 indicators in the composite. Each stock profile shows mohnish pabrai 13f alongside the sector percentile, the 5-year and 10-year historical trend, and how the figure compares to direct competitors. The free DCF calculator lets you sanity-check the screener output by plugging in your own assumptions for growth, margins, and discount rate to see whether the implied intrinsic value supports a margin of safety.
Common workflow for pabrai investment funds
A repeatable workflow looks like this. First, screen the universe with valuation, profitability, and balance-sheet thresholds appropriate to the sector. Second, sort the survivors by mohnish pabrai 13f to surface the names that score best on the dimension this article covers. Third, read the most recent 10-K and 10-Q for each candidate to confirm that the headline number is supported by the underlying disclosures. Fourth, build a position only when the margin of safety is large enough to absorb a normal range of forecasting errors. The ValueMarkers methodology page explains how the platform constructs each indicator and how the composite score weighs them.
Frequently Asked Questions
how to find 13f filing using crd
The CRD (Central Registration Depository) number is an identifier for SEC-registered advisers. To find Pabrai Investment Funds' 13F filings using the CRD, go to EDGAR full-text search or the EDGAR company search page, enter the CRD number in the company search, and filter for 13F-HR forms. Alternatively, search directly by company name "Pabrai Investment Funds" on EDGAR, which is faster for single-manager research.
what is a 13f filing
A 13F filing is a quarterly disclosure required by the SEC from any institutional investment manager with at least $100 million in U.S. equity assets. It lists all long positions in U.S. exchange-traded equities, equity options, and convertible notes as of the last day of the quarter. Managers must file within 45 days after each quarter ends. The filing does not include short positions, cash, bonds, or non-U.S. holdings, so it is always an incomplete picture of the full portfolio.
when is next 13f filing
The 13F filing calendar follows quarter-end dates: March 31, June 30, September 30, and December 31. Managers have 45 days from each quarter-end to file. That means filings for Q1 are due by May 15, Q2 by August 14, Q3 by November 14, and Q4 by February 14 of the following year. The ValueMarkers guru tracker notifies you when new filings appear for the managers you track.
when is berkshire hathaway next 13f filing
Berkshire Hathaway (BRK.B) files its 13F on the same schedule as all other institutional managers: within 45 days of each quarter end. For Q1 2026 (ending March 31), the filing is due by May 15, 2026. Berkshire is one of the most closely watched 13F filers because its portfolio reflects Warren Buffett's highest-conviction equity positions. With a P/B near 1.5 and decades of disciplined capital allocation, any new position disclosed in a Berkshire 13F is worth immediate analysis.
where can i find 13f filings
The definitive source is SEC EDGAR at sec.gov, specifically the full-text search at efts.sec.gov or the company search at sec.gov/cgi-bin/browse-edgar. Filter by form type 13F-HR and the manager's name. Secondary sources including the ValueMarkers guru tracker, WhaleWisdom, and Dataroma aggregate and format the same public data with additional comparison features. EDGAR is always the most current source since aggregators can have a brief lag.
What is mohnish pabrai 13f?
A mohnish pabrai 13f is the quarterly SEC disclosure filed by Pabrai Investment Funds showing all U.S. long equity positions held by Pabrai's funds as of the quarter-end date. It gives investors a 45-day-delayed snapshot of a portfolio that has historically been extremely concentrated, often 5-10 names representing 60-80% in the top three positions. Because Pabrai openly endorses cloning as a strategy, his 13F filings attract significant attention from investors who use his portfolio as a starting point for their own analysis.
Use the ValueMarkers guru tracker to follow Mohnish Pabrai's latest disclosed positions, compare them to current valuations, and run each holding through our full 120-indicator screener.
Written by Javier Sanz, Founder of ValueMarkers. Last updated April 2026.
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Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consult a licensed financial advisor before making investment decisions.