13F filing recap · Q1 2016

What did Pabrai Investments buy in Q1 2016?

Reported stock-position changes between this filing and the previous one.

Stock value

$345.11M

Positions

Estimated turnover

27.0%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

RACEFerrari N.v.$53.12Mreported value+1.28M shares SRGSeritage Growth Properties$26.52Mreported value+530.7K shares

Increased positions

WLRHWl Ross Holding Corp.$10.39Mreported value+95.2K shares+10.6%

Reduced positions

FCAUFiat Chrysler Automobiles N.v.$111.11Mreported value-2.0K shares-0.0%BRK.BBerkshire Hathaway Inc$10.29Mreported value-14.5K shares-16.7%WLRHWl Ross Holding Corp.$360.0Kreported value-212.0K shares-85.5%

Exited positions

ZINCQHorsehead Holding Corp$12.98Mprior reported value-6.33M shares-100.0%