Citigroup Inc, Bank of America Corp, Google Inc: Mohnish Pabrai’s Picks Shine in Q1

Google Inc (NASDAQ:GOOG) represents another new position in the investor’s equity portfolio. Pabrai added 69,000 class C shares valued $36.3 million, representing a 6.57% position in the 13F portfolio. We have seen a lot of activity in Google Inc (NASDAQ:GOOG) with Billionaire Lee Ainsley also initiating a position in the tech giant during the fourth quarter of 2014. Other funds that just added Google Inc (NASDAQ:GOOG) to their equity portfolios were Eli Cohen’s Crescent Park Management and Ryan Pedlow’s Two Creeks Capital Management. Google’s stock ended up 4.1% for the first quarter.

General Motors Company (NYSE:GM) was the other automobile holding in Mohnish Pabrai’s equity portfolio besides Fiat Chrysler. At the beginning of 2015 Pabrai held 5.9 million shares of General Motors Company (NYSE:GM) in form of Warrants with a value of almost $101 million and around 23,800 common shares. Pabrai added 1% to this position, which amassed 18.26% of the firm’s 13F portfolio at the end of last year. According to the filing, it’s the second largest position on the fund’s books. The shareholders of General Motors Company (NYSE:GM)’s stock reads like a list of investing all-stars. Warren Buffett’s Berkshire Hathaway tops the list, which also contains David Tepper’s Appaloosa Management, Steve Cohen’s Point72, and George Soros’ Soros Fund Management. GM’s stock gained 8.2% in the first quarter in 2015.

Citigroup Inc (NYSE:C) and Bank of America Corp (NYSE:BAC) are two financial stocks Pabrai has been involved in for quite some time. At year-end 2014, Pabrai listed 1.269 million shares of Citigroup Inc (NYSE:C) at a value of $68.6 million. For Bank of America Corp (NYSE:BAC) the fund disclosed a 3.1 million share position valued at $56.2 million. The investors’s stakes in Citigroup Inc (NYSE:C) and Bank of America Corp (NYSE:BAC) account for 12.4% and 10.18% of the 13F portfolio respectively. Citigroup stock lost 4.7% for the quarter, while Bank of America plunged 13.6%. In an interview with Barron’s magazine last year, Pabrai disclosed he did most of the buying in 2011. The thesis remains: both financials are massively undervalued.  Notable names in Bank of America are Bruce Berkowitz’s Fairholme (Fairx) and Ken Fisher’s Fisher Asset Management. For Citigroup, we see Boykin Curry’s Eagle Capital Management followed again by Fisher Asset Management and Andreas Halvorsen’s Viking Global. Click here for more info on Citigroup as it was one of the top picks in the first quarter.

Disclosure: none