Seth Klarman

Seth Klarman

Last Update: 02-14-2017

Number of Stocks: 42
Number of New Stocks: 8

Total Value: $7,598 Mil
Q/Q Turnover: 20%

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

Seth Klarman Watch

  • 2 Arbitrage Ideas From Warren Buffett and Seth Klarman

    It does not seem as if legendary value investor Seth Klarman (Trades, Portfolio), founder of the Baupost Group, is very confident about the seemingly incessant rise in U.S. stock markets. That puts him at odds with Warren Buffett (Trades, Portfolio), who seems as confident as ever in American markets.

    In his recent letter, Klarman notes the markets are currently at "perilously high valuations." Driving these valuations were "exuberant investors" who have "focused on the potential benefits of stimulative tax cuts, while mostly ignoring the risks from America-first protectionism and the erection of new trade barriers." He believes the current political climate may "drive government deficits considerably higher," potentially proving “quite inflationary, which would likely shock investors.”


  • What Does Seth Klarman Like About ViaSat?

    At the end of last week, I took a look at Seth Klarman (Trades, Portfolio)’s two largest positions to try and establish if they’re attractive buys for other investors in today’s market environment.

    As the Standard & Poor's 500 continues to trade around all-time highs, actual value stocks are few and far between. By looking to Klarman’s portfolio, I hoped to find some stocks that could be trading at attractive valuations and worth buying.


  • Where Seth Klarman Sees Value in Today’s Market

    Yesterday saw the release of the final round of 13F filings from some of the world’s most followed hedge fund investors, and there were a few surprises contained within figures.

    Aside from the general shift away from tech stocks toward financials and Warren Buffett (Trades, Portfolio)’s decision to go all-in on airlines, some of the most exciting portfolio movements came from renowned value investor Seth Klarman (Trades, Portfolio), whose year-end letter has ignited plenty of buzz among the investment community over the past week.


  • The Rise of the ETF Is Not a Bad Thing

    ETFs are fast becoming Wall Street’s most controversial instrument. As passive investing continues to gain weight among investors, the use of ETFs by retail investors and traders to bet on certain instruments to which they may not be able to obtain direct exposure is rapidly increasing. As the number of ETF users grows, the chorus of experts warning against their increasing dominance is getting ever louder.

    ETF use exploding


  • Seth Klarman's Favorite Stock

    Seth Klarman (Trades, Portfolio) is one of the world’s most respected value investors. When he enters a position, it doesn’t take long for the value investing world to assess the opportunity on offer and consider whether it is worth following.

    While you should never blindly enter a position without first conducting your own due diligence, as one of the world’s most respected value investors who has a reputation for only investing in securities when the margin of safety is suitably wide, following Klarman into trades may not be as risky as following other hedge fund managers.


  • Is Value Investing Dead?

    Value investing has changed significantly since the concept was conceived by Benjamin Graham more than 80 years ago. Today it’s tough to adopt the same style as Graham. The prevalence of financial information and stock screeners online has reduced the number of opportunities available, and investors have to be quick to take advantage of any market dislocations.

    Value investing has changed


  • Forget About the Rest of the World

    Seth Klarman (Trades, Portfolio) is one of the world’s most respected value investors, but he is relatively secretive, which is a shame because when he speaks it’s always informative and there’s something for all investors to learn.

    Klarman sent his full-year 2017 letter to investors of his hedge fund Baupost earlier this week, and ever since the financial media have been dissecting his comments on Donald Trump. As a respected investor who really speaks to the press, these comments have come as somewhat of a surprise to his followers.


  • The Best Way to Beat the Market

    Some of the world’s greatest investors such as Warren Buffett (Trades, Portfolio), Seth Klarman (Trades, Portfolio) and Charlie Munger (Trades, Portfolio) are known for their long holding periods. These investors buy and hold stocks for many years, or in Buffett’s case, many decades as the investment theses play out, and they continue to profit from a well-run highly profitable business.

    These investors have made billions over the years from a long-term strategy, and it is clear that long-term investing is the best way to build wealth. What’s mysterious is that, while this is well-known, many investors fail to follow this simple strategy.


  • Why Equities Are Not Overvalued

    Some investors, desperate for better yield, have been reaching not for a new Wall Street product but for a very old one – common stocks. Finding the yield on cash unacceptably low, people who have invested conservatively for years are beginning to throw money into stocks, despite the obvious high valuation of the market, its historically low dividend yield and the serious economic downturn currently under way.


  • How to Consistently Lose Money With Dividend Stocks

    (Published Jan. 30 by Nicholas McCullum)

    Dividend investing is one of the most repeatable, surefire methods to build wealth over the long run.


  • Why Shareholders Care About Dividends

    (Published Jan. 27 by The Financial Canadian)

    Looking at the dividend yields of many of the more popular dividend growth stocks, it can be questionable why shareholders are so fixed on dividends.


  • Can an Investor Really Get Rich From Dividends?

    (Published Jan. 26 by The Financial Canadian)

    The main goal of a dividend growth investor is to provide a passive income stream that increases over time.


  • A Fond Farewell

    In an article last year, I used a quote by Seth Klarman (Trades, Portfolio) that said investing was an "arrogant act." Having just published my 100th article here on GuruFocus, it seems to me being a writer on value investing could fall under the same definition. First, one has to assume that he or she has something valuable to add to the dialogue. Second, one must be able to package this so-called wisdom in such a way to make your points succinctly and in an engaging style. Lastly, the writing must provide readers with an interesting perspective missing in the conversation. Each of these alone is a difficult goal to meet, but achieving a blend of all three really is a leap of faith - and ego.

    I bring this up because this will be my last article on GuruFocus for the foreseeable future. I have greatly enjoyed meeting you either in person at the GuruFocus conference or via the GuruFocus website. It means a great deal that so many of you would take the time to read my writing, provide feedback (good and bad!) and ask incredibly astute questions. Without a doubt, the GuruFocus community has made me a better writer and investor.


  • Low-Yield Dividend Stocks Belong in Your Portfolio

    (Updated Jan. 19 by The Financial Canadian)

    As dividend growth investors, it is often easy to get caught up in the trap of "chasing yield" – investing in the highest-yielding stocks without regard to any other financial metrics.


  • Colony Capital Closes Merger With NorthStar Asset Management

    Colony Capital Inc. (CLNY) announced the close of its merger with NorthStar Asset Management Group Inc. (NYSE:NSAM) and NorthStar Realty Finance Corp. (NYSE:NRF) on Jan. 10.

    The merger, which is the largest commercial real estate merger of 2016, was announced at the beginning of June and approved by all three companies’ shareholders on Dec. 20. The newly combined REIT is called Colony NorthStar Inc. (NYSE:CLNS), and it is now the fifth-largest global real estate management company with a market cap of around $9 billion and $58 billion worth of assets under management.


  • 9 Stocks Trading Below the Peter Lynch Value

    According to GuruFocus' All-in-One Screener, several gurus are focusing on stocks whose Peter Lynch fair values are far above the current prices. The following stocks are trading with wide margins of safety and at least five gurus are shareholders.

    Akorn Inc. (AKRX) is trading at about $22 per share. The Peter Lynch value gives the stock a fair price of $37 so the stock is undervalued with a margin of safety of 41%.


  • Seth Klarman Trims Cheniere Energy

    Seth Klarman (Trades, Portfolio), portfolio manager of The Baupost Group, trimmed 21.97% of his stake in Cheniere Energy Inc. (LNG) Jan. 9 likely due to a weak financial outlook. As of the transaction, Klarman owns 21,726,340 shares of the midstream energy company, about 9.25% of total shares outstanding.



  • Harmony Merger Inks Deal Greenblatt Favors

    Harmony Merger (NASDAQ:HRMN) came public as a blank check company – a company with nothing but cash and the intentions of making an acquisition.

    I’ve been a sucker for the Special Acquisition Corps (SPACs) since I saw Seth Klarman (Trades, Portfolio) holding a bunch of them a few years ago. Since the cash they have on their balance sheets usually supports their market valuation, there is quite a bit of downside protection.


  • 23 Questions With Value Investor De Mai

    1. How and why did you get started investing? What is your background?

    While majoring in electrical engineering degree in college, I minored in economics, Japanese studies and psychology. I always wanted to know more about investing. After college, I started to learn how to take care of my own finances in order to manage my own 401K and IRAs. Through the Nightly Business Report on PBS, I learned about capital allocation and investing. I bought my first stock soon after graduation.


  • 25 Questions With Tom Vilord of Vilord Wealth Advisors

    1. How and why did you get started investing? What is your background?

    I got started in the industry in 2000. I wanted to become a financial adviser because I wanted to learn how to research stocks like the guys on Wall Street. I wanted to learn what made Warren Buffett (Trades, Portfolio) so successful while most Americans failed to achieve success investing in the market. What did he know that the rest of us didn’t? After I passed my licensing exams, the company I was working for sent me to New York for three weeks of training. I thought this is when I was going to learn everything I needed to know to be a successful investor. Unfortunately, my first two weeks of training were nothing but sales training classes. The last week was training on all of the proprietary products. I was taught to be a salesperson. I learned absolutely nothing about how to invest money. And I was about to invest people's life savings. After a few years of not having a clue about what I was doing and having clients teach me stuff about the market, I started to self-teach myself. I bought every book I could read. I started taking personal one on one coaching courses, etc. I have been an adviser since 2000, but I have been an investor since 2005.


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