13F filing recap · Q4 2025

What did Pabrai Investments buy in Q4 2025?

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

Stock value

$402.04M

Positions

Estimated turnover

13.6%

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.

Quarter in review

Pabrai Investments exited Noble Corporation entirely and added to Transocean Ltd. and Alpha Metallurgical Resources. The firm substantially trimmed Valaris Limited.

Increased positions

RIGTransocean Ltd.$111.68Mreported value+2.60M shares+10.6%AMRAlpha Metallurgical Resources, Inc.$108.53Mreported value+11.0K shares+2.1%

Reduced positions

VALValaris Limited$23.14Mreported value-607.2K shares-56.9%

Exited positions

NENoble Corporation Plc$6.76Mprior reported value-239.0K shares-100.0%