# Pabrai Investment Funds

Pabrai Investment Funds is a RIA based in West Lake Hills, United States.

## Overview

- **Organization type:** RIA
- **Headquarters:** West Lake Hills, United States
- **Region:** North America
- **Address:** Irvine, CA, United States
- **Founded:** 2007
- **Assets under management:** Undisclosed
- **Website:** pabraiinvestmentfunds.com
- **LinkedIn:** https://www.linkedin.com/company/mohnish-pabrai

## Regulatory record

- **CRD number:** 161471
- **SEC file number:** 801-74230
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/161471

## About

PABRAI INVESTMENT FUNDS is an SEC-registered investment adviser in WEST LAKE HILLS, TX, registered since 2012. The firm manages approximately $936 million in assets. It has 3 employees and 2 investment advisers.

## Sectors

- Value Investing
- Equities

## People

- Mohnish Pabrai — Managing Director

## Questions

### Who runs investment decisions at Pabrai Investment Funds?

Mohnish Pabrai serves as Managing Director and sole decision-maker. He is the founder and the only named professional, with no co-CIO or investment committee disclosed. Pabrai has openly attributed his investment framework to Benjamin Graham, Warren Buffett, and Charlie Munger.

### Does Pabrai Investment Funds invest in private companies or only public equities?

Primarily public equities, though Pabrai has made occasional direct co-investments in private deals alongside Berkshire Hathaway and others. The vast majority of deployed capital is in publicly traded stocks.

### What sectors does Pabrai Investment Funds explicitly avoid?

Pabrai has publicly stated he avoids technology and speculative growth stocks, preferring businesses with sustainable competitive advantages at low valuations. He also avoids highly leveraged financials and businesses he cannot understand (a Munger-derived rule).

### How does Pabrai source proprietary deal flow?

Pabrai does not rely on proprietary sourcing; he operates a public-equity value approach, filtering for good businesses at low prices. When seeking direct investments, he often co-invests alongside Berkshire Hathaway or follows the holdings of known value investors.

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Last updated: 2026-07-06T01:24:22.780Z

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