Seth Klarman Baupost Group
Seth Klarman is the founder and CEO of the Baupost Group, one of the most respected value-oriented investment firms. He is the author of Margin of Safety and is known for patient, opportunistic capital allocation across equities, credit, and special situations. Klarman’s approach emphasizes downside protection, cash when opportunities are scarce, and independent thinking when markets become crowded.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
BP
BP
|
+$791M |
| 2 |
Viasat
VSAT
|
+$655M |
| 3 |
Innoviva
INVA
|
+$551M |
| 4 |
Micron Technology
MU
|
+$460M |
| 5 |
American International
AIG
|
+$434M |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 37.92% |
| 2 | Energy | 19.3% |
| 3 | Healthcare | 16.95% |
| 4 | Financials | 11.92% |
| 5 | Industrials | 3.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Viasat
VSAT
$10.3B
| $786M | 19.54% |
+11,000,000
| New | +$655M |
|
|
2
BP
BP
$115B
| $776M | 19.3% |
+22,736,298
| New | +$791M |
|
|
3
Innoviva
INVA
$1.52B
| $637M | 15.84% |
+20,524,870
| New | +$551M |
|
|
4
Micron Technology
MU
$1.09T
| $595M | 14.79% |
+41,500,000
| New | +$460M |
|
|
5
American International
AIG
$39.8B
| $452M | 11.25% |
+10,120,227
| New | +$434M |
|
|
TIVO
6
DELISTED
Tivo Inc
TIVO
| $141M | 3.5% |
+6,160,000
| New | +$144M |
|
|
IDIX
7
DELISTED
IDENIX PHARMACEUTICALS INC
IDIX
| $96.6M | 2.4% |
+26,767,000
| New | +$109M |
|
|
C.WS.A
8
DELISTED
Citigroup Inc
C.WS.A
| $74.1M | 1.84% |
+94,246,007
| New | +$60.5M |
|
9
Oracle
ORCL
$422B
| $73.3M | 1.82% |
+2,386,890
| New | +$79.2M |
|
|
IMOS
10
ChipMOS TECHNOLOGIES
IMOS
$1.88B
| $53.5M | 1.33% |
+2,508,003
| New | +$45.4M |
|
11
NovaGold Resources
NG
$3.83B
| $45.8M | 1.14% |
+21,688,300
| New | +$54.1M |
|
|
ELOS
12
DELISTED
Syneron Medical Ltd
ELOS
| $34.8M | 0.87% |
+4,000,000
| New | +$35.8M |
|
|
AUY
13
DELISTED
Yamana Gold, Inc.
AUY
| $31M | 0.77% |
+3,255,500
| New | +$38M |
|
|
AOI
14
DELISTED
Alliance One International
AOI
| $29.1M | 0.72% |
+766,997
| New | +$28.7M |
|
15
Central Pacific Financial
CPF
$964M
| $26.9M | 0.67% |
+1,491,731
| New | +$25.4M |
|
16
Ituran Location and Control
ITRN
$1.01B
| $17.5M | 0.44% |
+1,038,342
| New | +$16.9M |
|
|
ENZN
17
DELISTED
ENZON PHARMACEUTICALS INC
ENZN
| $15.4M | 0.38% |
+7,691,453
| New | +$22.5M |
|
|
AIG.WS
18
DELISTED
American International Group, Inc.
AIG.WS
| $12M | 0.3% |
+656,443
| New | +$11.7M |
|
19
Kinross Gold
KGC
$38.9B
| $10.7M | 0.27% |
+2,102,700
| New | +$12.2M |
|
|
AVEO
20
DELISTED
AVEO Pharmaceuticals, Inc.
AVEO
| $9.57M | 0.24% |
+382,935
| New | +$16.4M |
|
|
TMQ
21
Trilogy Metals
TMQ
$684M
| $8.76M | 0.22% |
+5,005,298
| New | +$9.17M |
|
|
PVG
22
DELISTED
PRETIUM RESOURCES INC.
PVG
| $1.03M | 0.03% |
+155,700
| New | +$1.11M |
|
Similar funds
Seth Klarman's Q2 2013 Portfolio in Review
Q2 2013 is the first quarter with a 13F filing on record for Seth Klarman, which disclosed 24 positions worth $4.02B. Its ten largest holdings account for 92% of the portfolio.
Its largest position is BP: 22,736,298 shares worth $776M.
By sector, the portfolio is most concentrated in Technology at 38% of assets, followed by Energy and Healthcare.
- Seth Klarman's largest Q2 2013 buy was BP: 22,736,298 shares worth $776M.
- Seth Klarman's ten largest holdings make up 92% of its $4.02B portfolio in Q2 2013.
- Seth Klarman disclosed 24 positions in Q2 2013, its first 13F filing on record.
Based on Baupost Group's 13F filing for Q2 2013, filed 14 Aug 2013.