After a harrowing 2008, highly regarded hedge fund manager Mohnish Pabrai shifted strategy and put together an impressive 2009. {”s” : “bpo,brk-a,brk-b,cresy,hnr,ibkr,luk,pot,tex,wfc”,”k” : “c10,l10,p20,t10″,”o” : “”,”j” : “”} Though 2008 saw Pabrai’s funds slide by as much as -60%, he was boasting returns of 120% in 2009 through September, according to an October letter to investors. Once well known for keeping a very concentrated portfolio of ten positions or fewer, Pabrai took his funds’ struggles as an opportunity to diversify his holdings somewhat, expanding his portfolio in late 2008 and early 2009. In addition, according to a recent letter to investors, as redemptions accelerated at the end of 2008, Pabrai sold the worst performing names in his portfolio to free up funds. According to Pabrai, the “portfolio ended up stronger as a result. Looking at Pabrai’s holdings as of the end of Q3 , one can see that he continues to look for new winners, opening a fresh position in automated electronic broker Interactive Brokers Group (NASDAQ: IBKR – News ) and upping stakes in real estate development firm Brookfield Properties (NYSE: BPO – News ), Argentinean agricultural company Cresud (Nasdaq: CRESY – News ), fertilizer firm Potash (NYSE: POT – News ), heavy equipment maker Terex (NYSE: TEX – News ), bank Wells Fargo (NYSE: WFC – News ), and Warren Buffett’s Berkshire Hathaway (NYSE: BRK-A – News , BRK-B – News ). Pabrai, a former IT consulting exec, models himself after Warren Buffett and in 2007 paid over $650,000 in a charity auction to have lunch with the Oracle of Omaha. Elsewhere during Q3, Pabrai was trimming stakes in Harvest Natural Resources (NYSE: HNR – News ) and diversified conglomerate Leucadia (NYSE: LUK – News ). Looking at tickerspy.com’s graph charting the performance of Pabrai’s end-of-Q3 holdings so far in Q4, one can see that Pabrai’s moves appear to be paying off. If you want to see how your performance stacks up to Pabrai’s or see some other Pabrai holdings, visit tickerspy.com to see the fund’s top positions and a chart of their combined performance . Pro portfolio performance is based on institutions’ top-15 holdings as disclosed in quarter-end filings with the SEC. Pro performance does not take into account additional holdings beyond the top 15 nor does it include positions that are not required to be disclosed by the SEC. As such, Pro portfolio performance should be considered an approximation and not a precise record of how an institution has performed over time. Fun and informative, tickerspy.com is a free investing website where you can track multiple stock portfolios and compare against 250 proprietary Indexes tracking themes from stem cells to green energy to precious metals. Best of all, tickerspy.com lets you spy on the portfolios of nearly 3,000 Wall Street institutions and hedge funds and see graphs of their performance. Try tickerspy.com today and find out how you stack up against investing legends like Warren Buffett! Visit link: Value-Guru Pabrai Looks for New Winners Amid Strategy Shift (Indie Research)

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Value-Guru Pabrai Looks for New Winners Amid Strategy Shift (Indie Research)

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