Hedge Funds: Seth Klarman's Baupost Top Holdings

Before you go, we thought you'd like these...
Before you go close icon

Some of the most respected and followed investors tend to be of the value investing philosophy. For examples, look no further than legends like Benjamin Graham and Warren Buffet. However, there are some value investors that stay out of the spotlight. Seth Klarman is one of those under-the-radar names.

This graduate of Cornell University and Harvard Business School launched his private-investment partnership, The Baupost Group, in 1983 after finishing business school.

The Boston-based fund recently placed fifth among 10 of the largest hedge fund in America, with $25.0 billion under management. As of December 31, 2011, funds managed by Seth Klarman were valued at $3.34 billion.

According to the most recent 13F SEC filing, as of Q4 of 2011, Baupost held 22 total positions.

Investment activity in the quarter, as summarized by Stockpickr.com, are:

New Buys: TRGT
Increases: NWS, ANV, AVEO, NG, IDIX
Decreases: BP, HPQ, NWSA, ALR, PDLI
Sold Out: BBEP

Despite a decrease, Klarman biggest holding is BP PLC, followed by ViaSat (VSAT), a technology company that specializes in communication related equipment.

Business section: Investing ideas
Here are Klarman's current top holdings, updated by Stockpickr on March 8th, 2012. (Click here to analyze these ideas.)

1. BP (NYS: BP) : Provides fuel for transportation, energy for heat and light, retail services, and petrochemicals products. 15.37% of portfolio. 17.24 million shares. Position decreased by 1.74 million shares, -12.7%.

2. ViaSat: Engages in the design, production, and marketing of satellite and other wireless communication, and networking systems for government and commercial customers. 14.52% of portfolio. 10.5 million shares. Position unchanged.

3. Hewlett-Packard (NYS: HPQ) : Offers various products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), as well as to the government, health, and education sectors worldwide. 14.48% of portfolio. 18.75 million shares. Position decreased by 2 million shares, -9.6%.

4. Theravance: Engages in the discovery, development, and commercialization of small molecule medicines for various therapeutic areas, including respiratory disease, bacterial infections, and central nervous system (CNS)/pain. 9.42% of portfolio. 14.23 million shares. Position unchanged.

5. Microsoft (NAS: MSFT) : Develops, licenses, and supports a range of software products and services for various computing devices worldwide. 9.34% of portfolio. 12 million shares. Position unchanged.

6. News Corp.: Operates as a diversified media company worldwide. 8.04% of portfolio. 15.04 million shares. Position decreased by 6 million shares, -28.5%.

7. News Corp: A diversified global media company. 5.81% of portfolio. 10.66 million shares.Position increased by 6.38 million shares, +148.8%.

8. Allied Nevada Gold: Engages in the evaluation, acquisition, exploration, and advancement of gold exploration and development projects in the state of Nevada. 2.64% of portfolio. 4.01 million shares. Position increased by 512,750 shares, +14.7%.

9. AVEO Pharmaceuticals (NAS: AVEO) : Engages in the discovery and development of cancer therapeutics. 2.62% of portfolio. 5.08 million shares. Position increased by 84,650 shares, +1.7%.

10. Genworth Financial (NYS: GNW) : Provides insurance, wealth management, investment, and financial solutions in the United States and internationally. 1.96% of portfolio. 10 million shares. Position unchanged.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the stocks mentioned above. Analyst ratings sourced from Zacks Investment Research.


Kapitall's Rebecca Lipman does not own any of the shares mentioned above.Data soured from Stockpickr.

At the time this article was published The Motley Fool owns shares of Microsoft. Motley Fool newsletter services have recommended buying shares of Microsoft. Motley Fool newsletter services have recommended creating a bull call spread position in Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners