Renowned value investor Seth Klarman reported his Q2 portfolio. He buys Microsoft Corp., BP Plc ADS, Allied Nevada Gold, Syneron Medical Ltd., Central Pacific Financial Corp., Aveo Pharmaceuticals Inc., Idenix Pharmaceuticals Inc., Sycamore Networks Inc., Pdl Biopharma Inc., sells Audiovox Corp. during the 3-months ended 06/30/2011, according to the most recent filings of his investment company, The Baupost Group. As of 06/30/2011, The Baupost Group owns 21 stocks with a total value of $2.4 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.
This is the sector weightings of his portfolio:
These are the top 5 holdings of Seth Klarman
New Purchase: Microsoft Corp. (MSFT, Financial)
Seth Klarman initiated holdings in Microsoft Corp.. His purchase prices were between $23.705 and $26.71, with an estimated average price of $25.04. The impact to his portfolio due to this purchase was 12.95%. His holdings were 12,000,000 shares as of 06/30/2011.
GuruFocus rated Microsoft Corp. the business predictability rank of 3-star.
New Purchase: BP Plc Ads (BP, Financial)
Seth Klarman initiated holdings in BP Plc ADS. His purchase prices were between $41.8 and $46.86, with an estimated average price of $44.4. The impact to his portfolio due to this purchase was 10.11%. His holdings were 5,500,000 shares as of 06/30/2011.
BP is the holding company of one of the world's largest petroleum and petrochemicals groups. Bp Plc Ads has a market cap of $121.62 billion; its shares were traded at around $38.29 with a P/E ratio of 5.5 and P/S ratio of 0.4. The dividend yield of Bp Plc Ads stocks is 4.4%. Bp Plc Ads had an annual average earnings growth of 10.1% over the past 10 years.
New Purchase: Central Pacific Financial Corp. (CPF, Financial)
Seth Klarman initiated holdings in Central Pacific Financial Corp.. His purchase prices were between $12.42 and $20.89, with an estimated average price of $14.7. The impact to his portfolio due to this purchase was 1.05%. His holdings were 1,800,000 shares as of 06/30/2011.
Central Pacific Financial Corp. is a Hawaii-based bank holding company. Central Pacific Financial Corp. has a market cap of $412.5 million; its shares were traded at around $10.36 with and P/S ratio of 1.9.
New Purchase: Idenix Pharmaceuticals Inc. (IDIX, Financial)
Seth Klarman initiated holdings in Idenix Pharmaceuticals Inc. His purchase prices were between $2.9 and $5.3, with an estimated average price of $4.65. The impact to his portfolio due to this purchase was 0.26%. His holdings were 1,255,700 shares as of 06/30/2011.
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 $383.2 million; its shares were traded at around $4.15 with and P/S ratio of 37.6.
Added: Allied Nevada Gold (ANV, Financial)
Seth Klarman added to his holdings in Allied Nevada Gold by 37.53%. His purchase prices were between $29.1 and $43.06, with an estimated average price of $35.45. The impact to his portfolio due to this purchase was 1.35%. His holdings were 3,378,300 shares as of 06/30/2011.
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 $3.19 billion; its shares were traded at around $38.48 with a P/E ratio of 255.6 and P/S ratio of 24.4.
Added: Syneron Medical Ltd. (ELOS, Financial)
Seth Klarman added to his holdings in Syneron Medical Ltd. by 155.74%. His purchase prices were between $11.09 and $13.92, with an estimated average price of $12.46. The impact to his portfolio due to this purchase was 1.18%. His holdings were 3,836,071 shares as of 06/30/2011.
Syneron Medical Ltd. manufactures and distributes medical aesthetic devices that are powered by the proprietary, patented ELOS combined-energy technology of Bi-Polar Radio Frequency and Light. Syneron Medical Ltd. has a market cap of $303 million; its shares were traded at around $8.96 with and P/S ratio of 1.6.
Added: Aveo Pharmaceuticals Inc. (AVEO, Financial)
Seth Klarman added to his holdings in Aveo Pharmaceuticals Inc. by 25.76%. His purchase prices were between $13.06 and $20.66, with an estimated average price of $16.79. The impact to his portfolio due to this purchase was 0.78%. His holdings were 4,433,010 shares as of 06/30/2011.
AVEO Pharmaceuticals, Inc. is a biopharmaceutical company engaged in discovering, developing and commercializing novel cancer therapeutics. Aveo Pharmaceuticals Inc. has a market cap of $663.2 million; its shares were traded at around $15.85 with a P/E ratio of 13 and P/S ratio of 14.9.
Added: Sycamore Networks Inc. (SCMR, Financial)
Seth Klarman added to his holdings in Sycamore Networks Inc. by 125%. His purchase prices were between $20.64 and $25.15, with an estimated average price of $23.04. The impact to his portfolio due to this purchase was 0.12%. His holdings were 225,000 shares as of 06/30/2011.
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 $462.3 million; its shares were traded at around $16.29 with and P/S ratio of 6.7. Sycamore Networks Inc. had an annual average earnings growth of 5.9% over the past 5 years.
Reduced: Audiovox Corp. (VOXX, Financial)
Seth Klarman reduced to his holdings in Audiovox Corp. by 26.79%. His sale prices were between $6.9 and $7.9, with an estimated average price of $7.38. The impact to his portfolio due to this sale was -0.13%. Seth Klarman still held 776,415 shares as of 06/30/2011.
Audiovox Corporation generally markets its products under the well-recognized Audiovox brand name. Audiovox Corp. has a market cap of $119.2 million; its shares were traded at around $5.86 with a P/E ratio of 5.2 and P/S ratio of 0.2.
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.
- New Purchases: MSFT, BP, CPF, IDIX,
- Added Positions: ANV, ELOS, AVEO, SCMR, PDLI,
- Reduced Positions: VOXX,
This is the sector weightings of his portfolio:
| Technology | 31.2% |
| Health Care | 20.2% |
| Consumer Services | 14.5% |
| Oil & Gas | 12.1% |
| Not Assigned | 8.5% |
| Basic Materials | 5% |
| Financials | 3.8% |
| Consumer Goods | 2.2% |
| Industrials | 0.2% |
These are the top 5 holdings of Seth Klarman
- ViaSat Inc. (VSAT) - 10,051,492 shares, 18.0% of the total portfolio.
- News Corp. (NWSA) - 19,050,000 shares, 14% of the total portfolio.
- Microsoft Corp. (MSFT) - 12,000,000 shares, 12.9% of the total portfolio. Shares added by 10000%
- Theravance Inc. (THRX) - 12,961,100 shares, 11.9% of the total portfolio. Shares reduced by 0.3%
- BP PLC ADS (BP) - 5,500,000 shares, 10.1% of the total portfolio. Shares added by 10000%
New Purchase: Microsoft Corp. (MSFT, Financial)
Seth Klarman initiated holdings in Microsoft Corp.. His purchase prices were between $23.705 and $26.71, with an estimated average price of $25.04. The impact to his portfolio due to this purchase was 12.95%. His holdings were 12,000,000 shares as of 06/30/2011.
GuruFocus rated Microsoft Corp. the business predictability rank of 3-star.
New Purchase: BP Plc Ads (BP, Financial)
Seth Klarman initiated holdings in BP Plc ADS. His purchase prices were between $41.8 and $46.86, with an estimated average price of $44.4. The impact to his portfolio due to this purchase was 10.11%. His holdings were 5,500,000 shares as of 06/30/2011.
BP is the holding company of one of the world's largest petroleum and petrochemicals groups. Bp Plc Ads has a market cap of $121.62 billion; its shares were traded at around $38.29 with a P/E ratio of 5.5 and P/S ratio of 0.4. The dividend yield of Bp Plc Ads stocks is 4.4%. Bp Plc Ads had an annual average earnings growth of 10.1% over the past 10 years.
New Purchase: Central Pacific Financial Corp. (CPF, Financial)
Seth Klarman initiated holdings in Central Pacific Financial Corp.. His purchase prices were between $12.42 and $20.89, with an estimated average price of $14.7. The impact to his portfolio due to this purchase was 1.05%. His holdings were 1,800,000 shares as of 06/30/2011.
Central Pacific Financial Corp. is a Hawaii-based bank holding company. Central Pacific Financial Corp. has a market cap of $412.5 million; its shares were traded at around $10.36 with and P/S ratio of 1.9.
New Purchase: Idenix Pharmaceuticals Inc. (IDIX, Financial)
Seth Klarman initiated holdings in Idenix Pharmaceuticals Inc. His purchase prices were between $2.9 and $5.3, with an estimated average price of $4.65. The impact to his portfolio due to this purchase was 0.26%. His holdings were 1,255,700 shares as of 06/30/2011.
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 $383.2 million; its shares were traded at around $4.15 with and P/S ratio of 37.6.
Added: Allied Nevada Gold (ANV, Financial)
Seth Klarman added to his holdings in Allied Nevada Gold by 37.53%. His purchase prices were between $29.1 and $43.06, with an estimated average price of $35.45. The impact to his portfolio due to this purchase was 1.35%. His holdings were 3,378,300 shares as of 06/30/2011.
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 $3.19 billion; its shares were traded at around $38.48 with a P/E ratio of 255.6 and P/S ratio of 24.4.
Added: Syneron Medical Ltd. (ELOS, Financial)
Seth Klarman added to his holdings in Syneron Medical Ltd. by 155.74%. His purchase prices were between $11.09 and $13.92, with an estimated average price of $12.46. The impact to his portfolio due to this purchase was 1.18%. His holdings were 3,836,071 shares as of 06/30/2011.
Syneron Medical Ltd. manufactures and distributes medical aesthetic devices that are powered by the proprietary, patented ELOS combined-energy technology of Bi-Polar Radio Frequency and Light. Syneron Medical Ltd. has a market cap of $303 million; its shares were traded at around $8.96 with and P/S ratio of 1.6.
Added: Aveo Pharmaceuticals Inc. (AVEO, Financial)
Seth Klarman added to his holdings in Aveo Pharmaceuticals Inc. by 25.76%. His purchase prices were between $13.06 and $20.66, with an estimated average price of $16.79. The impact to his portfolio due to this purchase was 0.78%. His holdings were 4,433,010 shares as of 06/30/2011.
AVEO Pharmaceuticals, Inc. is a biopharmaceutical company engaged in discovering, developing and commercializing novel cancer therapeutics. Aveo Pharmaceuticals Inc. has a market cap of $663.2 million; its shares were traded at around $15.85 with a P/E ratio of 13 and P/S ratio of 14.9.
Added: Sycamore Networks Inc. (SCMR, Financial)
Seth Klarman added to his holdings in Sycamore Networks Inc. by 125%. His purchase prices were between $20.64 and $25.15, with an estimated average price of $23.04. The impact to his portfolio due to this purchase was 0.12%. His holdings were 225,000 shares as of 06/30/2011.
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 $462.3 million; its shares were traded at around $16.29 with and P/S ratio of 6.7. Sycamore Networks Inc. had an annual average earnings growth of 5.9% over the past 5 years.
Reduced: Audiovox Corp. (VOXX, Financial)
Seth Klarman reduced to his holdings in Audiovox Corp. by 26.79%. His sale prices were between $6.9 and $7.9, with an estimated average price of $7.38. The impact to his portfolio due to this sale was -0.13%. Seth Klarman still held 776,415 shares as of 06/30/2011.
Audiovox Corporation generally markets its products under the well-recognized Audiovox brand name. Audiovox Corp. has a market cap of $119.2 million; its shares were traded at around $5.86 with a P/E ratio of 5.2 and P/S ratio of 0.2.
