Portfolio holdings of Seth Klarman. Baupost Group's Portfolio. Seth Klarman stock picks:
Stock Holdings
Seth Klarman - Baupost Group
Period: Q1 2013
Portfolio date: 31 Mar 2013
No. of stocks: 18
Portfolio value: $2,933,542,000
| Stock | % of portfolio | Shares | Recent activity | Reported Price* | |
| hist | BP - BP plc | 24.73 | 17,126,858 | Add 56.73% | $42.35 |
| hist | VSAT - Viasat Inc. | 18.16 | 11,000,000 | $48.44 | |
| hist | AIG - American Int'l. Group | 15.68 | 11,850,200 | Add 69.29% | $38.82 |
| hist | THRX - Theravance Inc. | 10.91 | 13,553,800 | $23.62 | |
| hist | ROVI - Rovi Corp. | 5.96 | 8,160,000 | Add 97.34% | $21.41 |
| hist | NWS - News Corp. CL B | 4.24 | 4,047,412 | Reduce 68.92% | $30.76 |
| hist | ORCL - Oracle Corp. | 3.73 | 3,386,890 | Reduce 67.57% | $32.33 |
| hist | ELN - Elan Corp. Plc | 3.67 | 9,126,227 | Buy | $11.80 |
| hist | IDIX - Idenix Pharmaceuticals Inc. | 3.14 | 26,042,000 | Add 25.78% | $3.54 |
| hist | NG - NovaGold Resources | 2.68 | 21,688,300 | $3.63 | |
| hist | ELOS - Syneron Medical Ltd. | 1.39 | 4,000,000 | $10.22 | |
| hist | AVEO - AVEO Pharmaceuticals Inc. | 1.23 | 4,902,850 | $7.35 | |
| hist | AOI - Alliance One International Inc. | 1.08 | 8,131,594 | Reduce 7.46% | $3.89 |
| hist | ENZN - Enzon Pharmaceuticals Inc. | 1.00 | 7,691,453 | Reduce 2.02% | $3.80 |
| hist | CPF - Central Pacific Financial | 0.96 | 1,800,000 | $15.70 | |
| hist | ITRN - Ituran Location & Control Ltd. | 0.72 | 1,337,003 | Reduce 20.68% | $15.69 |
| hist | DTV - DIRECTV Group Inc. | 0.40 | 207,300 | Buy | $56.59 |
| hist | NCQ - NovaCopper Inc. | 0.31 | 5,005,298 | $1.83 |
* Reported Price is the price of the security on the portfolio date. This value is significant in that it indicates the portfolio manager's confidence in the stock at that price and suggests at least some level of undervaluation and/or margin of safety.
Sector % analysis
| Materials | 27.72 | |
| Information Technology | 21.89 | |
| Health Care | 21.34 | |
| Financials | 16.64 | |
| Technology | 5.96 | |
| Services | 4.96 | |
| Consumer Staples | 1.08 | |
| Consumer Discretionary | 0.40 |
Articles & Commentaries
05 Dec 2011 Video: An Interview with Seth Klarman and Charlie Rose
An Interview with Seth Klarman and Charlie Rose from Facing History and Ourselves on Vimeo.
12 Aug 2011 Seth Klarman reports stake in Microsoft
Microsoft finally meets the stringent investing criteria of the famed value investor Seth Klarman. His firm, Baupost Group, reported a 12 million share stake in the software giant. At 13.26% Microsoft is now his portfolio's third largest holding.
Microsoft finally meets the stringent investing criteria of the famed value investor Seth Klarman. His firm, Baupost Group, reported a 12 million share stake in the software giant. At 13.26% Microsoft is now his portfolio's third largest holding.
06 Mar 2011 Our National Predicament: Excerpts from Seth Klarman's 2010 Letter
In these annual-letter excerpts, from VII, investing legend Seth Klarman explains why he believes no long-term lesson have been learned from 2008, defends short-selling, and describes the two key elements to investment success...
In these annual-letter excerpts, from VII, investing legend Seth Klarman explains why he believes no long-term lesson have been learned from 2008, defends short-selling, and describes the two key elements to investment success...
23 Feb 2011 2 Picks From Investment Pro Seth Klarman
The stock market has seen plenty of ups and downs in the past 25 years. Through it all, hedge fund Baupost Group's Seth Klarman has managed to stay on the right side of the ledger, racking up an average annual gain of about 20%...
The stock market has seen plenty of ups and downs in the past 25 years. Through it all, hedge fund Baupost Group's Seth Klarman has managed to stay on the right side of the ledger, racking up an average annual gain of about 20%...
11 Jun 2010 Klarman Tops Griffin as Investors Hunt for ‘Margin of Safety’
Bruce Berkowitz, named Morningstar Inc.’s domestic stock manager of the decade and a contributor to the latest edition of the Graham and Dodd book, said Klarman stands out among fund managers because he’s able to make money while holding cash and avoiding leverage.
“If he isn’t Elvis, he’s pretty close,” Berkowitz said.
Bruce Berkowitz, named Morningstar Inc.’s domestic stock manager of the decade and a contributor to the latest edition of the Graham and Dodd book, said Klarman stands out among fund managers because he’s able to make money while holding cash and avoiding leverage.
“If he isn’t Elvis, he’s pretty close,” Berkowitz said.
22 May 2010 Why One Legendary Investor Is More Worried Than Ever
And, said Mr. Klarman one of the best ways to protect against a decline in purchasing power is to buy whatever is "out of favor, loathed and despised." So forget about gold or other trendy hedges. Instead, wait patiently for markets—European stocks, perhaps—to get so cheap that they turn most investors' stomachs. Then you can pounce.
And, said Mr. Klarman one of the best ways to protect against a decline in purchasing power is to buy whatever is "out of favor, loathed and despised." So forget about gold or other trendy hedges. Instead, wait patiently for markets—European stocks, perhaps—to get so cheap that they turn most investors' stomachs. Then you can pounce.
19 May 2010 Klarman: Why Investing Is Like Chess
Mr. Klarman repeated cautions he has made before about investing in all commodities, including gold: They generate no cashflow, and so they are extraordinarily tricky to value. Gold has also just hit new highs, he added. That should make value investors–who tend to look for assets that are on sale–very nervous...
Mr. Klarman repeated cautions he has made before about investing in all commodities, including gold: They generate no cashflow, and so they are extraordinarily tricky to value. Gold has also just hit new highs, he added. That should make value investors–who tend to look for assets that are on sale–very nervous...