| Quarter Ending 12/31/2011 | Back to the Enlightened American Website | |||||||||
| Mohnish Pabrai | ||||||||||
| ***** NEW POSITIONS TAKEN | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | Capital Invested |
| N/A | N/A | CITIGROUP INC. | 506,124 | $26.31 | $13,316,000 | ($13,316,000) | ||||
| N/A | N/A | THE DIRECT TV | 398,341 | $42.76 | $17,033,000 | ($17,033,000) | ||||
| N/A | N/A | TEREX CORP. | 2,267,112 | $13.51 | $30,629,000 | ($30,629,000) | ||||
| ***** SOLD OFF | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |
| N/A | N/A | AIR TRANSPORT SERVICES | 134,347 | $4.33 | $582,000 | $582,000 | ||||
| N/A | N/A | BROOKFIELD OFFICE PROPERTIES | 2,359,215 | $13.77 | $32,486,000 | $32,486,000 | ||||
| N/A | N/A | HARVEST NATURAL RESOURCES | 55,501 | $8.58 | $476,000 | $476,000 | ||||
| N/A | N/A | WTS WELLS FARGO & CO. | 113,785 | $7.70 | $876,000 | $876,000 | ||||
| N/A | N/A | BROOKFIELD INFRASTRUCTURE LP | 1,767,960 | $24.34 | $43,032,000 | $43,032,000 | ||||
| ***** HOLD POSITIONS | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |
| 0.00% | -72.02% | PINNACLE AIRLINES CORP. | 1,985,902 | 1,985,902 | $0.82 | $2.93 | $1,628,000 | $5,819,000 | $0 | |
| 0.00% | -4.49% | POTASH CORP. | 796,000 | 796,000 | $41.28 | $43.22 | $32,859,000 | $34,403,000 | $0 | |
| ***** AUGMENTED POSITIONS | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |
| 4599.92% | 7.33% | 435,474 | BERKSHIRE HATHAWAY | 444,941 | 9,467 | $76.30 | $71.09 | $33,949,000 | $673,000 | ($33,226,668) |
| 36.65% | 21.43% | 497,503 | HORSEHEAD HLDG CORP. | 1,855,001 | 1,357,498 | $9.01 | $7.42 | $16,714,000 | $10,073,000 | ($4,482,620) |
| 13.22% | 14.26% | 161,900 | WELLS FARGO & CO. | 1,387,001 | 1,225,101 | $27.56 | $24.12 | $38,226,000 | $29,549,000 | ($4,461,993) |
| ***** REDUCED POSITIONS | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |
| -69.72% | -9.15% | -4,917,565 | BANK OF AMERICA | 2,135,986 | 7,053,551 | $5.56 | $6.12 | $11,876,000 | $43,168,000 | $27,341,472 |
| -6.38% | 17.46% | -15,418 | BROOKFIELD RESIDENTIAL PROP | 226,155 | 241,573 | $7.81 | $6.65 | $1,766,000 | $1,606,000 | $120,396 |
| -22.22% | 9.12% | -625,000 | CAPITALSOURCE INC. | 2,188,141 | 2,813,141 | $6.70 | $6.14 | $14,661,000 | $17,273,000 | $4,187,630 |
| -70.58% | 5.26% | -725,511 | CRESUD S A C I F Y A | 302,376 | 1,027,887 | $11.39 | $10.82 | $3,444,000 | $11,122,000 | $8,263,420 |
| -25.92% | -4.36% | -75,147 | GOLDMAN SACHS GROUP INC. | 214,786 | 289,933 | $90.43 | $94.55 | $19,423,000 | $27,413,000 | $6,795,509 |
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