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Seth Klarman’s Baupost Group Buys AIG, Idenix Pharmaceuticals, Sells Hewlett-Packard, Oracle, Microsoft

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Renowned value investor Seth Klarman just reported his 4th quarter portfolio. He buys American International Group Inc, Idenix Pharmaceuticals, Inc., Viasat Inc, sells Hewlett-Packard Co, News Corporation, Oracle Corporation, Allied Nevada Gold Corp, Microsoft Corporation, Sycamore Networks, Inc. during the 3-months ended 12/31/2012, according to the most recent filings of his investment company, The Baupost Group. As of 12/31/2012, The Baupost Group owns 21 stocks with a total value of $3.1 billion. These are the details of the buys and sells.

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

These are the top 5 holdings of Seth Klarman

  1. BP PLC (BP) - 10,927,958 shares, 14.7% of the total portfolio. Shares reduced by 2.96%
  2. Viasat Inc (VSAT) - 11,000,000 shares, 13.8% of the total portfolio. Shares added by 2.33%
  3. Oracle Corporation (ORCL) - 10,444,085 shares, 11.2% of the total portfolio. Shares reduced by 22.64%
  4. News Corporation (NWS) - 13,020,612 shares, 11.0% of the total portfolio. Shares added by 34.81%
  5. Theravance, Inc. (THRX) - 13,553,800 shares, 9.7% of the total portfolio.


New Purchase: American International Group Inc (AIG)

Seth Klarman initiated holdings in American International Group Inc. His purchase prices were between $30.68 and $37.21, with an estimated average price of $34.07. The impact to his portfolio due to this purchase was 8%. His holdings were 7,000,000 shares as of 12/31/2012. American International Group, Inc., a Delaware corporation, is a holding company which, through its subsidiaries, is engaged in a range of insurance and insurance-related activities in the United States and abroad. American International Group Inc has a market cap of $57.49 billion; its shares were traded at around $38.88 with a P/E ratio of 2.6 and P/S ratio of 1.

Sold Out: Hewlett-Packard Co (HPQ)

Seth Klarman sold out his holdings in Hewlett-Packard Co. His sale prices were between $11.71 and $17.13, with an estimated average price of $13.93. Hewlett-Packard Company was incorporated in 1947 under the laws of the State of California as the successor to a partnership founded in 1939 by William R. Hewlett-packard Co has a market cap of $33.12 billion; its shares were traded at around $16.96 with a P/E ratio of 3.6 and P/S ratio of 0.3. The dividend yield of Hewlett-packard Co stocks is 3%.

Sold Out: Microsoft Corporation (MSFT)

Seth Klarman sold out his holdings in Microsoft Corporation. His sale prices were between $26.37 and $30.03, with an estimated average price of $27.96. Microsoft Corporation was founded in 1975. It was incorporated in the State of Washington. Microsoft Corporation has a market cap of $234.29 billion; its shares were traded at around $27.98 with a P/E ratio of 15.4 and P/S ratio of 3.2. The dividend yield of Microsoft Corporation stocks is 3%. Microsoft Corporation had an annual average earnings growth of 13.9% over the past 10 years. GuruFocus rated Microsoft Corporation the business predictability rank of 4.5-star.

Sold Out: Sycamore Networks, Inc. (SCMR)

Seth Klarman sold out his holdings in Sycamore Networks, Inc.. His sale prices were between $2.19 and $14.75, with an estimated average price of $5.25. Sycamore Networks Inc., was incorporated under the laws of the State of Delaware on February 17, 1998. Sycamore Networks, Inc. has a market cap of $68.2 million; its shares were traded at around $2.36 with and P/S ratio of 1.2.

Added: Idenix Pharmaceuticals, Inc. (IDIX)

Seth Klarman added to his holdings in Idenix Pharmaceuticals, Inc. by 72.54%. His purchase prices were between $3.52 and $5.3, with an estimated average price of $4.51. The impact to his portfolio due to this purchase was 1.35%. His holdings were 20,704,700 shares as of 12/31/2012. Idenix Pharmaceuticals, Inc. is a biopharmaceutical company engaged in the discovery and development of drugs for the treatment of human viral diseases with operations in the United States and Europe. Idenix Pharmaceuticals, Inc. has a market cap of $634.7 million; its shares were traded at around $4.75 with and P/S ratio of 7.7.

Added: Viasat Inc (VSAT)

Seth Klarman added to his holdings in Viasat Inc by 2.33%. His purchase prices were between $35.17 and $40.36, with an estimated average price of $37.9. The impact to his portfolio due to this purchase was 0.31%. His holdings were 11,000,000 shares as of 12/31/2012. Viasat Inc was incorporated in California in 1986 under the name ViaSat, Inc. Viasat Inc has a market cap of $2.1 billion; its shares were traded at around $47.09 with and P/S ratio of 2. Viasat Inc had an annual average earnings growth of 36.8% over the past 10 years.

Added: Idenix Pharmaceuticals, Inc. (IDIX)

Seth Klarman added to his holdings in Idenix Pharmaceuticals, Inc. by 49.69%. The impact to his portfolio due to this purchase was 1.19%. His holdings were 24,740,200 shares as of 12/31/2012. Idenix Pharmaceuticals, Inc. is a biopharmaceutical company engaged in the discovery and development of drugs for the treatment of human viral diseases with operations in the United States and Europe. Idenix Pharmaceuticals, Inc. has a market cap of $634.7 million; its shares were traded at around $4.75 with and P/S ratio of 7.7.

Reduced: Oracle Corporation (ORCL)

Seth Klarman reduced to his holdings in Oracle Corporation by 22.64%. His sale prices were between $29.58 and $34.09, with an estimated average price of $31.49. The impact to his portfolio due to this sale was -2.94%. Seth Klarman still held 10,444,085 shares as of 12/31/2012. Oracle Corporation was incorporated in 2005 as a Delaware corporation and is the successor to operations originally begun in June 1977. Oracle Corporation has a market cap of $164.99 billion; its shares were traded at around $34.96 with a P/E ratio of 16.3 and P/S ratio of 4.7. The dividend yield of Oracle Corporation stocks is 0.7%. Oracle Corporation had an annual average earnings growth of 19.9% over the past 10 years. GuruFocus rated Oracle Corporation the business predictability rank of 5-star.

Reduced: Allied Nevada Gold Corp (ANV)

Seth Klarman reduced to his holdings in Allied Nevada Gold Corp by 43.53%. His sale prices were between $28.96 and $40.71, with an estimated average price of $34.28. The impact to his portfolio due to this sale was -2.66%. Seth Klarman still held 2,853,550 shares as of 12/31/2012. Allied Nevada Gold Corp. was incorporated under the laws of Delaware on September 14, 2006. Allied Nevada Gold Corp has a market cap of $2.08 billion; its shares were traded at around $23.24 with a P/E ratio of 42.6 and P/S ratio of 12.2.

Here is the complete portfolio of Seth Klarman. Also check out:

1. Seth Klarman's Undervalued Stocks

2. Seth Klarman's Top Growth Companies, and

3. Seth Klarman's High Yield stocks


Rating: 3.3/5 (3 votes)

Comments

OCP
OCP - 1 year ago
Baupost probably took a 30%+ loss with that HPQ investment... YIKES. The odd thing was that many value investors have talked about that being a value trap. The great ones screw up now and then just like us small fries!
wsjalerts13
Wsjalerts13 - 1 year ago
@OCP - Have you verified Baupost's return for the past 10 or 20 years to call it great ?

If you find any link can you please share it.

Please leave your comment:


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