Seth Klarman

Seth Klarman

Last Update: 06-01-2016

Number of Stocks: 33
Number of New Stocks: 5

Total Value: $6,865 Mil
Q/Q Turnover: 24%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Seth Klarman Watch

  • Seth Klarman Adds to Stake in EMC

    Seth Klarman - Seth Klarman Adds To Stake In EMC

    During the first quarter, Seth Klarman (Trades, Portfolio) added 22,602,881 shares of EMC Corp. (NYSE:EMC) at an average price of $25.32. The addition had a 8.77% impact on Klarman's portfolio. He now owns 51,851,500 shares of EMC Corp.


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  • Celgene: Is It a Buy?

    Seth Klarman,Warren Buffett - Celgene: Is It A Buy?

    Celgene (NASDAQ:CELG), among other biotech companies, has fallen from its record high. The company has returned negative 15% for the past year, and negative 26% from its high of $134 a share back in July 2015 compared to its Tuesday morning price of $96.89 a share. The iShares NASDAQ Biotechnology Index ETF, on the other hand, has performed worst at negative 32% for the past year. Along with leveraged commodity ETFs, the biotech sector has experienced Mr. Market’s dark side. The Standard & Poor's 500 returned -2% in the same timeframe.


      


  • Here’s How Enbridge Can Give Investors 12%-Plus Total Returns

    Seth Klarman - Here’s How Enbridge Can Give Investors 12%-Plus Total Returns

    Too many investors fixate on short-term price movements. The long-term investing view is what really matters.


      


  • On When to Sell a Stock

    Seth Klarman,Warren Buffett - On When To Sell A Stock

    On When to Sell a Stock


    Selling stocks is not easy. In fact it's quite difficult if you ask me. While most of the investing world focuses on finding the right stock and buying at the right price, very few articles or strategies discuss selling stocks. Probably because most people, including me, have a very hard time with it. Greed, pride and hope often prove to be difficult barriers to selling stocks when we should.

      


  • David Tepper Adds to Stake in Delta Air Lines

    David Tepper,Seth Klarman,Bruce Berkowitz - David Tepper Adds To Stake In Delta Air Lines

    Guru David Tepper (Trades, Portfolio), founder and president of Appaloosa Management LP, added 1,271,440 shares to his stake in Delta Air Lines Inc. (NYSE:DAL) during the first quarter.


    Delta Air Lines is also traded in Germany, Mexico, Switzerland and the U.K.

      


  • How to Create Intergenerational Wealth

    Warren Buffett,Seth Klarman - How To Create Intergenerational Wealth

    Some families seem to have it made. They live in safe neighborhoods. Their kids go to respected schools. They don’t live paycheck to paycheck.


    This certainty and freedom is available to many more families than you probably realize. Imagine how important it is to set your family on this path.

      


  • Why Being an Investor and Businessman Are Joined at the Hip

    Seth Klarman - Why Being An Investor And Businessman Are Joined At The Hip

    “I am a better investor because I am a businessman, and a better businessman because I am an investor” – Buffett

      


  • How McDonald’s Generated a 15.6% CAGR Over 2.1 Years

    Warren Buffett,Seth Klarman - How McDonald’s Generated A 15.6% CAGR Over 2.1 Years

    McDonald’s (NYSE:MCD) has been a great investment for a very long time.


    One dollar invested in McDonald’s stock in 2014 would be worth $606.67 by the end of 2015 (including dividends). That’s an annualized return of 14.9% a year.

      


  • On Psychology and Investing: Part 1 – Behavioral Finance

    Warren Buffett,Seth Klarman - On Psychology And Investing: Part 1 – Behavioral Finance

    On Psychology and Investing: Part I - Behavioral Finance


    As investors, we believe successful investing only relies on gathering data, filtering information and properly analyzing value. The part glossed over is the fact that we're human beings, and  emotion tends to play as big a role in success, or failure, as any other factor. In this article, which will be part one of a three-part series detailing how much psychology affects our investing decisions, I'll introduce the concept of behavioral finance and explain why it matters to investors.

      


  • Seth Klarman Nearly Doubles Stake in Twenty-First Century Fox

    Seth Klarman - Seth Klarman Nearly Doubles Stake In Twenty-First Century Fox

    Value investor Seth Klarman (Trades, Portfolio) boosted his stake in Twenty-First Century Fox Inc. (NASDAQ:FOXA) during the first quarter, adding 3,599,422 shares of the company at an average price of $26.74. Klarman now owns 7,696,922 shares of Twenty-First Century Fox.


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  • Seth Klarman's 5 New Buys

    Seth Klarman - Seth Klarman's 5 New Buys

    Seth Klarman (Trades, Portfolio), a deep value investor, purchased five new positions in the first quarter, his portfolio update showed Friday.


    Tech stocks make up the greatest portfolio of Klarman’s portfolio at 36%. The next largest is energy at 27.9%. In total he owned 33 positions at the end of the first quarter with a value of $6.9 billion. Klarman has also been heralded as the fourth most profitable hedge fund manager ever by LCH Investments.

      


  • The 3 Most Important Words in Investing

    Warren Buffett,Charlie Munger,Seth Klarman - The 3 Most Important Words In Investing

    On Margin of Safety


    Margin of Safety, a concept put forth by Benjamin Graham, has been central to the value investing philosophy for quite a while now. So much so the great Warren Buffett (Trades, Portfolio) said margin of safety may be the most important words in investing. So what exactly does the phrase mean and how can you use the idea to your advantage as an individual investor?

      


  • Tweedy Browne Global Value Invests in Bank of New York Mellon

    Tweedy Browne,Seth Klarman - Tweedy Browne Global Value Invests In Bank Of New York Mellon

    Tweedy Browne Company LLC, a successor to Tweedy & Co., was first established by Forrest Birchard Tweedy in 1920 as a dealer in closely held and inactively traded securities. The firm’s 96-year history is grounded in undervalued securities, first as a market maker, then as an investor and investment advisor. The firm takes a value investing approach that focuses on long term investments very similar to Joel Greenblatt (Trades, Portfolio), Seth Klarman (Trades, Portfolio) and the founder of value investing Benjamin Graham.


    During the first quarter, the Tweedy Browne (Trades, Portfolio) Global Value Fund purchased 1,315,780 shares of Bank of New York Mellon Corp. (NYSE:BK).

      


  • On Value Investing

    Warren Buffett,Seth Klarman,Charlie Munger,Mohnish - On Value Investing

    What is value investing? What does it mean? How do you use it as a strategy? And most importantly, does it work? Consider this your entry to – or rediscovery of – the wonderful world of value investing.


    Talking points

      


  • David Abrams Raises Stake in Barnes & Noble Education

    David Abrams,Seth Klarman - David Abrams Raises Stake In Barnes & Noble Education

    Guru David Abrams (Trades, Portfolio) added 9,544 shares to his stake in Barnes & Noble Education Inc. (NYSE:BNED) on April 8.


    Barnes & Noble Education, an independent public company and part of the Barnes & Noble (BN) family of businesses until its separation in 2015, is one of the largest contract operators of bookstores on college and university campuses across the U.S. and a leading provider of digital education services. The company creates and operates campus stores that are focal points for college life and learning, enhancing the educational mission of the institution, enlivening campus culture and delivering an important revenue stream to Barnes & Noble's partner schools.

      


  • 10 Extraordinary Traits

    Warren Buffett,Charlie Munger,Seth Klarman - 10 Extraordinary Traits

    I never heard of Mark Sellers until I came across his speech to Harvard MBAs incidentally. I think this is a great read. Here is the link to the speech:


    Sellers talked about how hard it is to be a great investor, and the chance is less than 2% for a Harvard MBA and 1/50th of 1% for a non-Harvard MBA. While I don’t fully agree that a Harvard MBA is 200 times more likely to be a great investor than a non-Harvard graduate, I am with Sellers regarding the common traits of great investors.

      


  • Seth Klarman Profits From Biotie Therapies Buyout

    Seth Klarman - Seth Klarman Profits From Biotie Therapies Buyout

    Seth Klarman (Trades, Portfolio)’s 2015 investment in pharmaceutical company Biotie Therapies Corp. (NASDAQ:BITI) paid off this week when the company was bought out at a premium.


    The founder of investment adviser Baupost Group held 2,158,889 shares of the company after increasing the position by 54.8% Jan. 19, giving him about 11.4% of its total shares. He disclosed the increase the same day Acorda Therapeutics Inc. (NASDAQ:ACOR), a developer of treatments for neurological disorders, announced a tender offer to acquire all of the company’s existing common stock, American Depository Shares, options and warrants.

      


  • Klarman: Risk Is Both Probability, Potential Amount of Loss

    Seth Klarman - Klarman: Risk Is Both Probability, Potential Amount Of Loss

    It is well-known that for value investors, risk is not standard deviation stemming from prices. Rather, it is the product of the expected loss times the probability of that loss occuring. One of the best efforts in defining risk that I have encountered comes from Seth Klarman (Trades, Portfolio), who, in one of his investor letters, provided a detailed explanation on how he thinks and acts upon this definition of risk. 


    “The risk of an investment is described by both the probability and the potential amount of loss. The risk of an investment—the probability of an adverse outcome—is partly inherent in its very nature. A dollar spent on biotechnology research is a riskier investment than a dollar used to purchase utility equipment. The former has both a greater probability of loss and a greater percentage of the investment at stake.
      



  • Seth Klarman Slashes Bellatrix Exploration Holding

    Seth Klarman - Seth Klarman Slashes Bellatrix Exploration Holding

    Guru Seth Klarman (Trades, Portfolio) attended Cornell University where he graduated with a bachelor's in 1979, and went on to graduate with an MBA from Harvard in 1982. Klarman founded The Baupost Group in 1982, an investment firm that focuses on long term value with similar investment philosophies to the legendary Benjamin Graham. 


    In the first quarter of 2016, Klarman slashed 15,337,219 shares of Bellatrix Exploration Ltd. (NYSE:BXE) from his portfolio, reducing his holding by 63.93%. Klarman now owns 8,653,281 shares of the company.

      


  • Seth Klarman Is Betting Big on Energy

    Seth Klarman - Seth Klarman Is Betting Big On Energy

    According to his latest fillings, Seth Klarman (Trades, Portfolio)’s exposure to the energy sector has never been higher. Three of his top five holders are in the oil and gas space. Here’s a quick primer on his biggest bets.


      


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