Value investor Mohnish Pabrai reduced his position in Alpha Metallurgical Resources by 10.79% during the second quarter of 2026, according to a recent SEC filing. The Pabrai Investment Funds sold an estimated $10.32 million worth of shares, cutting its holdings from 579.74K to 517.19K. This disclosure, filed on August 13, 2026, reflects trades made between April 1 and June 30, 2026, a common delay for such 13F filings.
Despite the sale, AMR remains a significant position for Pabrai, accounting for over 26% of his reported portfolio. The reduction comes as Alpha Metallurgical reported a net loss for the second quarter and lowered its full-year shipment guidance. Pabrai, known for investing in distressed businesses, has been actively trading the stock since initiating a position in mid-2023.