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Seth Klarman’s Baupost Group Buys HPQ, BP, NWS, GNW, NG
Posted by: gurufocus (IP Logged)
Date: November 14, 2011 08:46AM

Renowned value investor, hedge fund manger just reported his third quarter portfolio. Seth Klarman buys HewlettPackard Co., BP Plc Ads, News Corp., Genworth Financial Inc. Cl A, PDL Biopharma Inc., Novagold Resources Inc., News Corp., Theravance Inc., Viasat Inc., Aveo Pharmaceuticals Inc., Idenix Pharmaceuticals Inc., Sycamore Networks Inc., Allied Nevada Gold, sells Capitalsource Inc., Audiovox Corp. during the 3-months ended 09/30/2011, according to the most recent filings of his investment company, The Baupost Group. As of 09/30/2011, The Baupost Group owns 23 stocks with a total value of $3 billion. These are the details of the buys and sells.

This is the portfolio chart of Seth Klarman. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.



For the details of Seth Klarman's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Seth+Klarman

This is the sector weightings of his portfolio:

Technology 37.2%
Health Care 20.8%
Oil & Gas 17.9%
Consumer Services 13.3%
Basic Materials 5.2%
Financials 2.5%
Consumer Goods 1.4%


These are the top 5 holdings of Seth Klarman

  1. BP PLC ADS (BP) - 13,740,950 shares, 16.4% of the total portfolio. Shares added by 149.84%
  2. HewlettPackard Co. (HPQ) - 20,750,000 shares, 15.4% of the total portfolio. New Position
  3. ViaSat Inc. (VSAT) - 10,499,992 shares, 11.6% of the total portfolio. Shares added by 4.46%
  4. News Corp. (NWSA) - 21,041,665 shares, 10.8% of the total portfolio. Shares added by 10.45%
  5. Microsoft Corp. (MSFT) - 12,000,000 shares, 9.9% of the total portfolio.


New Purchase: Hewlettpackard Co. (HPQ)

Seth Klarman initiated holdings in Hewlettpackard Co.. His purchase prices were between $22.32 and $37.47, with an estimated average price of $29.45. The impact to his portfolio due to this purchase was 15.42%. His holdings were 20,750,000 shares as of 09/30/2011. Hewlett Packard is one of the global providers of computing and imaging solutions and services for business and home. Hewlettpackard Co. has a market cap of $54.8 billion; its shares were traded at around $27.58 with a P/E ratio of 5.48 and P/S ratio of 0.43. The dividend yield of Hewlettpackard Co. stocks is 1.74%. Hewlettpackard Co. had an annual average earnings growth of 24.3% over the past 5 years.

New Purchase: News Corp. (NWS)

Seth Klarman initiated holdings in News Corp.. His purchase prices were between $14.01 and $18.54, with an estimated average price of $16.49. The impact to his portfolio due to this purchase was 2.21%. His holdings were 4,283,175 shares as of 09/30/2011. News Corporation's diversified global operations include the production and distribution of motion pictures and television programming; television, satellite and cable broadcasting; the publication of newspapers, magazines, books; the production and distribution of promotional and advertising products and services; the development of digital broadcasting; the development of conditional access and subscriber management systems; and the creation and distribution of popular on-line programming. News Corp. has a market cap of $46.23 billion; its shares were traded at around $17.6 with a P/E ratio of 14.55 and P/S ratio of 1.38. The dividend yield of News Corp. stocks is 1.08%.

New Purchase: Genworth Financial Inc. Cl A (GNW)

Seth Klarman initiated holdings in Genworth Financial Inc. Cl A. His purchase prices were between $4.92 and $10.68, with an estimated average price of $7.26. The impact to his portfolio due to this purchase was 1.9%. His holdings were 10,000,000 shares as of 09/30/2011. Genworth Financial is a insurance company in the U. Genworth Financial Inc. Cl A has a market cap of $3.41 billion; its shares were traded at around $6.95 with and P/S ratio of 0.34.

New Purchase: Novagold Resources Inc. (NG)

Seth Klarman initiated holdings in Novagold Resources Inc.. His purchase prices were between $6.66 and $11.22, with an estimated average price of $9.47. The impact to his portfolio due to this purchase was 1.07%. His holdings were 5,000,000 shares as of 09/30/2011. NovaGold Resources is a gold and copper company engaged in the exploration and development of mineral properties in Alaska and Western Canada. Novagold Resources Inc. has a market cap of $2.21 billion; its shares were traded at around $9.22 with and P/S ratio of 3635.76. Novagold Resources Inc. had an annual average earnings growth of 22% over the past 5 years.

Sold Out: Capitalsource Inc. (CSE)

Seth Klarman sold out his holdings in Capitalsource Inc.. His sale prices were between $5.15 and $6.87, with an estimated average price of $6.19. CapitalSource is a specialized commercial finance company offering asset- based, senior, cash flow and mezzanine financing to small and mid-sized borrowers through three focused lending units: Corporate Finance, Healthcare Finance, and Structured Finance. Capitalsource Inc. has a market cap of $2 billion; its shares were traded at around $6.2 with a P/E ratio of 32.63 and P/S ratio of 3.3. The dividend yield of Capitalsource Inc. stocks is 0.65%.

Sold Out: Audiovox Corp. (VOXX)

Seth Klarman sold out his holdings in Audiovox Corp.. His sale prices were between $5.44 and $7.74, with an estimated average price of $6.64. Audiovox Corporation generally markets its products under the well-recognized Audiovox brand name. Audiovox Corp. has a market cap of $152.56 million; its shares were traded at around $7.33 with a P/E ratio of 5.96 and P/S ratio of 0.27.

Added: Bp Plc Ads (BP)

Seth Klarman added to his holdings in Bp Plc Ads by 149.84%. His purchase prices were between $35.73 and $46.77, with an estimated average price of $40.72. The impact to his portfolio due to this purchase was 9.84%. His holdings were 13,740,950 shares as of 09/30/2011. BP p.l.c. is the holding company of one of the world's largest petroleum and petrochemicals groups. Bp Plc Ads has a market cap of $139.06 billion; its shares were traded at around $44.01 with a P/E ratio of 6.23 and P/S ratio of 0.45. The dividend yield of Bp Plc Ads stocks is 3.82%. Bp Plc Ads had an annual average earnings growth of 10.1% over the past 10 years.

Added: Pdl Biopharma Inc. (PDLI)

Seth Klarman added to his holdings in Pdl Biopharma Inc. by 68.81%. His purchase prices were between $5.47 and $6.39, with an estimated average price of $5.91. The impact to his portfolio due to this purchase was 1.17%. His holdings were 15,636,000 shares as of 09/30/2011. Protein Design Labs Inc. is a biopharmaceutical company focused on the research, development and commercialization of novel therapies for inflammation and autoimmune diseases, acute cardiac conditions and cancer. Pdl Biopharma Inc. has a market cap of $875.12 million; its shares were traded at around $6.26 with a P/E ratio of 5.59 and P/S ratio of 2.54. The dividend yield of Pdl Biopharma Inc. stocks is 9.58%.

Added: News Corp. (NWSA)

Seth Klarman added to his holdings in News Corp. by 10.45%. His purchase prices were between $13.62 and $18.13, with an estimated average price of $16.19. The impact to his portfolio due to this purchase was 1.02%. His holdings were 21,041,665 shares as of 09/30/2011. NEWS CORPORATION is a diversified entertainment company with operations in eight industry segments: filmed entertainment; television; cable network programming; direct broadcast satellite television; magazines and inserts; newspapers and information services; book publishing; and other. News Corp. has a market cap of $31.39 billion; its shares were traded at around $17.17 with a P/E ratio of 14.07 and P/S ratio of 0.94. The dividend yield of News Corp. stocks is 1.11%.

Added: Theravance Inc. (THRX)

Seth Klarman added to his holdings in Theravance Inc. by 9.76%. His purchase prices were between $17.44 and $24.87, with an estimated average price of $20.77. The impact to his portfolio due to this purchase was 0.84%. His holdings were 14,225,961 shares as of 09/30/2011. Theravance Inc is focused on the discovery, development and commercialization of small molecule medicines for unmet medical needs across a number of therapeutic areas including respiratory disease, bacterial infections, overactive bladder and gastrointestinal disorders. Theravance Inc. has a market cap of $1.93 billion; its shares were traded at around $22.78 with and P/S ratio of 79.72.

Added: Viasat Inc. (VSAT)

Seth Klarman added to his holdings in Viasat Inc. by 4.46%. His purchase prices were between $31.54 and $45.73, with an estimated average price of $38.19. The impact to his portfolio due to this purchase was 0.49%. His holdings were 10,499,992 shares as of 09/30/2011. ViaSat Inc. designs, produces and markets advanced digital satellitetelecommunications and other networking and signal processing equipment. Viasat Inc. has a market cap of $1.94 billion; its shares were traded at around $45.95 with a P/E ratio of 41.77 and P/S ratio of 2.41. Viasat Inc. had an annual average earnings growth of 0.1% over the past 5 years.

Added: Aveo Pharmaceuticals Inc. (AVEO)

Seth Klarman added to his holdings in Aveo Pharmaceuticals Inc. by 12.79%. His purchase prices were between $15.12 and $20.77, with an estimated average price of $17.66. The impact to his portfolio due to this purchase was 0.29%. His holdings were 5,000,000 shares as of 09/30/2011. AVEO Pharmaceuticals, Inc. is a biopharmaceutical company engaged in discovering, developing and commercializing novel cancer therapeutics. Aveo Pharmaceuticals Inc. has a market cap of $705.98 million; its shares were traded at around $16.38 with a P/E ratio of 12.9 and P/S ratio of 15.8.

Added: Idenix Pharmaceuticals Inc. (IDIX)

Seth Klarman added to his holdings in Idenix Pharmaceuticals Inc. by 99.09%. His purchase prices were between $4.15 and $6.96, with an estimated average price of $5.68. The impact to his portfolio due to this purchase was 0.21%. His holdings were 2,500,000 shares as of 09/30/2011. Idenix Pharmaceuticals, Inc. is a biopharmaceutical company engaged in the discovery and development of drugs for the treatment of human viral and other infectious diseases. Idenix Pharmaceuticals Inc. has a market cap of $673.07 million; its shares were traded at around $7 with and P/S ratio of 65.85.

Added: Sycamore Networks Inc. (SCMR)

Seth Klarman added to his holdings in Sycamore Networks Inc. by 135.94%. His purchase prices were between $15.89 and $22.74, with an estimated average price of $18.68. The impact to his portfolio due to this purchase was 0.18%. His holdings were 530,871 shares as of 09/30/2011. Sycamore Networks Inc. develop and market products that transport voice and data traffic over wavelengths of light. Sycamore Networks Inc. has a market cap of $570.84 million; its shares were traded at around $19.86 with and P/S ratio of 11.72. Sycamore Networks Inc. had an annual average earnings growth of 5.7% over the past 5 years.

Added: Allied Nevada Gold (ANV)

Seth Klarman added to his holdings in Allied Nevada Gold by 3.6%. His purchase prices were between $35.16 and $45.11, with an estimated average price of $40.09. The impact to his portfolio due to this purchase was 0.14%. His holdings were 3,500,000 shares as of 09/30/2011. ALLIED NEVADA GOLD CORP. is engaged in the evaluation, acquisition, exploration and advancement of gold exploration and development projects in Nevada. Allied Nevada Gold has a market cap of $3.29 billion; its shares were traded at around $36.82 with a P/E ratio of 136.37 and P/S ratio of 25.12.




Guru Discussed: Seth Klarman: Current Portfolio, Stock Picks
Stocks Discussed: BP, PDLI, NWSA, THRX, VSAT, AVEO, IDIX, SCMR, ANV, HPQ, NWS,
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Rating: 3.4/5 (22 votes)



Re Seth Klarman s Baupost Group Buys HPQ BP NWS GNW NG
Posted by: fareastwarriors (IP Logged)
Date: November 14, 2011 10:36AM


Klarman in HPQ, now that is interesting.



Guru Discussed: Seth Klarman: Current Portfolio, Stock Picks
Stocks Discussed: BP, PDLI, NWSA, THRX, VSAT, AVEO, IDIX, SCMR, ANV, HPQ, NWS,
Rate this post:

Rating: 0.0/5 (0 votes)



Re Seth Klarman s Baupost Group Buys HPQ BP NWS GNW NG
Posted by: Arpan (IP Logged)
Date: November 14, 2011 02:11PM

Of course, equities are only a small part of Klarman's portfolio right? Does anyone know how to get a full picture overview of the portfolio, that way we can measure what % of the portfolio is in each stock?



Guru Discussed: Seth Klarman: Current Portfolio, Stock Picks
Stocks Discussed: BP, PDLI, NWSA, THRX, VSAT, AVEO, IDIX, SCMR, ANV, HPQ, NWS,
Rate this post:

Rating: 0.0/5 (0 votes)





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