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Seth Klarman Buys Linn Energy LLC, SLM Corp., Horizon Lines Inc., Sells Broadridge Financial Solutions Inc., Information Services Group Inc., Grubb & Ellis Realty Advisors Inc

Renowned hedge fund manager Seth Klarman must know something that others don't. A used copy of his book "Margin of Safety" is sold for a few hundred dollars. These are his buys and sells during the 4th quarter.

Seth Klarman buys Linn Energy LLC, Atlas Pipeline Partners L.P., SP ACQUISITION HOLDINGS, INC, HECKMANN CORPORATION, HICKS ACQUISITION COMPANY I, INC, NRDC ACQUISITION CORP, TRIPLECROWN ACQUISITION CORP., PROSPECT ACQUISITION, Enterprise GP Holdings L.P. Units Repres, CLAIMSNET.COM, INC., GLOBAL BPO SERVICES, Atlas Pipeline Holdings L.P., Alliance One International Inc., ENTERPRISE ACQ CP, BREITBURN ENERGY PARTNERS, L.P. - COMMON UNITS REP, Audiovox Corp., TM ENTERTAINMENT, GOLDEN POND HEALTHCR, INTER-ATLANTIC FINANCIAL, INC., 2020 CHINACAP ACQ, Portland General Electric Company, sells Broadridge Financial Solutions Inc., Freedom Acquisition Holdings Inc, Grubb & Ellis Realty Advisors Inc, Hutchison Telecommunications Internation, Information Services Group Inc, U.S. Auto Parts Network Inc. during the 3-months ended 12/31/2007, according to the most recent filings of his investment company, The Baupost Group. Seth Klarman owns 77 stocks with a total value of $1.8 billion. These are the details of the buys and sells.

You are also see the details here: http://www.gurufocus.com/StockBuy.php?GuruName=Seth+Klarman

His complete portfolio: http://www.gurufocus.com/holdings.php?GuruName=Seth+Klarman

Added: SLM Corp. (SLM)

Seth Klarman added to his holdings in SLM Corp. by 1448.55%. The impact to his portfolio due to this purchase was 23.38%. His holdings were 21,911,966 shares as of 12/31/2007.

SLM Corporation, through its subsidiaries, provides education finance in the United States. It originates and holds student loans by providing funding, delivery, and servicing support for education loans; SLM Corp. has a market cap of $10.25 billion; its shares were traded at around $21.65 with P/S ratio of 9.44. The dividend yield of SLM Corp. stocks is 1.8%.

Added: Horizon Lines Inc. (HRZ)

Seth Klarman added to his holdings in Horizon Lines Inc. by 349.02%. The impact to his portfolio due to this purchase was 3.09%. His holdings were 3,771,800 shares as of 12/31/2007.

Horizon Lines, Inc., through its subsidiaries, engages in container shipping and integrated logistics operations. The company offers inland transportation and logistics services through its own trucking operations and relationships; Horizon Lines Inc. has a market cap of $666.96 million; its shares were traded at around $22.22 with a P/E ratio of 26.19 and P/S ratio of 0.55. The dividend yield of Horizon Lines Inc. stocks is 2.4%.

Added: The First American Corp. (FAF)

Seth Klarman added to his holdings in The First American Corp. by 55.05%. The impact to his portfolio due to this purchase was 1.51%. His holdings were 2,198,600 shares as of 12/31/2007.

The First American Corporation, through its subsidiaries, provides business information and related products and services in the United States and internationally. The First American Corp. has a market cap of $3.4 billion; its shares were traded at around $37.23 with a P/E ratio of 21.48 and P/S ratio of 0.40. The dividend yield of The First American Corp. stocks is 2.5%.

Added: A.C. Moore Arts & Crafts Inc. (ACMR)

Seth Klarman added to his holdings in A.C. Moore Arts & Crafts Inc. by 108.67%. The impact to his portfolio due to this purchase was 0.91%. His holdings were 2,250,000 shares as of 12/31/2007.

A.C. Moore Arts & Crafts, Inc. operates as a specialty retailer of arts, crafts, and floral merchandise in the eastern region of the United States. A.C. Moore Arts & Crafts Inc. has a market cap of $247.34 million; its shares were traded at around $12.22 with a P/E ratio of 59.22 and P/S ratio of 0.42.

Added: Domtar Corp. (UFS)

Seth Klarman added to his holdings in Domtar Corp. by 12.09%. The impact to his portfolio due to this purchase was 0.5%. His holdings were 10,648,600 shares as of 12/31/2007.

Domtar Corporation, through its subsidiaries, operates as an integrated producer of uncoated free sheet paper and manufacturer of paper grade market pulp in North America. Domtar Corp. has a market cap of $3.67 billion; its shares were traded at around $7.7 with a P/E ratio of 14.99 and P/S ratio of 0.77.

Added: Ituran Location and Control Ltd. (ITRN)

Seth Klarman added to his holdings in Ituran Location and Control Ltd. by 117.8%. The impact to his portfolio due to this purchase was 0.42%. His holdings were 1,220,569 shares as of 12/31/2007.

Ituran Location and Control, Ltd. provides location-based services principally consisting of stolen vehicle recovery and tracking services primarily in Israel, Brazil, Argentina, and the United States. Ituran Location and Control Ltd. has a market cap of $262.54 million; its shares were traded at around $11.28 with a P/E ratio of 15.20 and P/S ratio of 2.24. The dividend yield of Ituran Location and Control Ltd. stocks is 1.7%.

Added: Syneron Medical Ltd. (ELOS)

Seth Klarman added to his holdings in Syneron Medical Ltd. by 15.22%. The impact to his portfolio due to this purchase was 0.27%. His holdings were 2,650,000 shares as of 12/31/2007.

Syneron Medical, Ltd. engages in the design, development, and marketing of aesthetic medical products based on its proprietary electro-optical synergy technology. Syneron Medical Ltd. has a market cap of $465.54 million; its shares were traded at around $16.53 with a P/E ratio of 12.14 and P/S ratio of 3.33.

Added: Multimedia Games Inc. (MGAM)

Seth Klarman added to his holdings in Multimedia Games Inc. by 31.02%. The impact to his portfolio due to this purchase was 0.23%. His holdings were 2,037,552 shares as of 12/31/2007.

Multimedia Games, Inc. engages in the development and supply of comprehensive systems, content, electronic games, and player terminals for the United States gaming market, as well as for the casino, charity and international bingo, video lottery, etc. Multimedia Games Inc. has a market cap of $188.36 million; its shares were traded at around $7.05 with a P/E ratio of 79.67 and P/S ratio of 1.50.

New Purchase: Linn Energy LLC (LINE)

Seth Klarman initiated holdings in Linn Energy LLC. The impact to his portfolio due to this purchase was 5.85%. His holdings were 4,125,000 shares as of 12/31/2007.

Linn Energy, LLC, through its subsidiaries, engages in the development and acquisition of gas and oil properties in the United States. The company has oil and gas reserves in the Appalachian Basin, which includes West Virginia, Pennsylvania, etc. Linn Energy LLC has a market cap of $2.15 billion; its shares were traded at around $19.37 with P/S ratio of 10.61. The dividend yield of Linn Energy LLC stocks is 12%.

New Purchase: Atlas Pipeline Partners L.P. (APL)

Seth Klarman initiated holdings in Atlas Pipeline Partners L.P.. The impact to his portfolio due to this purchase was 4.03%. His holdings were 1,661,363 shares as of 12/31/2007.

Atlas Pipeline Partners, L.P. engages in the transmission, gathering, and processing segments of the midstream natural gas industry in the Anadarko Basin and Golden Trend area of the mid-continent United States, and the Appalachian Basin. Atlas Pipeline Partners L.P. has a market cap of $1.69 billion; its shares were traded at around $43.91 with P/S ratio of 2.80. The dividend yield of Atlas Pipeline Partners L.P. stocks is 8.2%.

New Purchase: HECKMANN CORPORATION (HEK)

Seth Klarman initiated holdings in HECKMANN CORPORATION. The impact to his portfolio due to this purchase was 2.08%. His holdings were 5,000,000 shares as of 12/31/2007.

Heckmann Corporation operates as a blank check development stage company. It intends to acquire or acquire control of one or more operating businesses through a merger, stock exchange, asset acquisition, reorganization, or similar business combinations. HECKMANN CORPORATION has a market cap of $497.20 million; its shares were traded at around $7.36 .

New Purchase: SP ACQUISITION HOLDINGS, INC (DSP)

Seth Klarman initiated holdings in SP ACQUISITION HOLDINGS, INC. The impact to his portfolio due to this purchase was 2.08%. His holdings were 4,000,000 shares as of 12/31/2007.

SP Acquisition Holdings, Inc. does not have significant operations. It intends to acquire one or more assets or businesses through a merger, capital stock exchange, asset acquisition, or other similar business combination. SP ACQUISITION HOLDINGS, INC has a market cap of $501.07 million; its shares were traded at around $9.26 .

New Purchase: HICKS ACQUISITION COMPANY I, INC (TOH)

Seth Klarman initiated holdings in HICKS ACQUISITION COMPANY I, INC. The impact to his portfolio due to this purchase was 1.82%. His holdings were 3,500,000 shares as of 12/31/2007.

Hicks Acquisition Company I, Inc. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or assets. HICKS ACQUISITION COMPANY I, INC has a market cap of $623.76 million; its shares were traded at around $9.06 .

New Purchase: NRDC ACQUISITION CORP (NAQ)

Seth Klarman initiated holdings in NRDC ACQUISITION CORP. The impact to his portfolio due to this purchase was 1.4%. His holdings were 2,700,000 shares as of 12/31/2007.

NRDC Acquisition Corp. does not have significant operations. It intends to acquire one or more operating businesses through a merger, capital stock exchange, stock purchase asset acquisition, or other similar business combination. NRDC ACQUISITION CORP has a market cap of $471.96 million; its shares were traded at around $9.16 .

New Purchase: TRIPLECROWN ACQUISITION CORP. (TCW)

Seth Klarman initiated holdings in TRIPLECROWN ACQUISITION CORP.. The impact to his portfolio due to this purchase was 1.35%. His holdings were 2,600,000 shares as of 12/31/2007.

Triplecrown Acquisition Corp. does not have significant operations. It intends to acquire an operating business or several operating businesses in the financial services industry through a merger, stock exchange, asset acquisition, reorganization, etc. TRIPLECROWN ACQUISITION CORP. has a market cap of $625.83 million; its shares were traded at around $9.08 .

New Purchase: PROSPECT ACQUISITION (PAX)

Seth Klarman initiated holdings in PROSPECT ACQUISITION. The impact to his portfolio due to this purchase was 1.29%. His holdings were 2,500,000 shares as of 12/31/2007.

Prospect Acquisition Corp. does not have significant operations. It intends to acquire one or more businesses or assets in the financial services industry through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, PROSPECT ACQUISITION has a market cap of $290.97 million; its shares were traded at around $9.09 .

New Purchase: Enterprise GP Holdings L.P. Units Repres (EPE)

Seth Klarman initiated holdings in Enterprise GP Holdings L.P. Units Repres. The impact to his portfolio due to this purchase was 1.13%. His holdings were 536,910 shares as of 12/31/2007.

Enterprise GP Holdings L.P., through its subsidiaries, develops pipeline and other midstream energy infrastructure in the continental United States and Gulf of Mexico. Enterprise GP Holdings L.P. Units Repres has a market cap of $4.4 billion; its shares were traded at around $31.62 with a P/E ratio of 33.41 and P/S ratio of 0.31. The dividend yield of Enterprise GP Holdings L.P. Units Repres stocks is 4.8%.

New Purchase: CLAIMSNET.COM, INC. (CLA)

Seth Klarman initiated holdings in CLAIMSNET.COM, INC.. The impact to his portfolio due to this purchase was 1.07%. His holdings were 2,100,000 shares as of 12/31/2007.

Capitol Acquisition Corp. does not have significant operations. It intends to acquire unidentified operating business or assets through a merger, stock exchange, asset acquisition, reorganization, or similar business combination. CLAIMSNET.COM, INC. has a market cap of $300.22 million; its shares were traded at around $9.15 .

New Purchase: GLOBAL BPO SERVICES (OOO)

Seth Klarman initiated holdings in GLOBAL BPO SERVICES. The impact to his portfolio due to this purchase was 1.02%. His holdings were 2,500,000 shares as of 12/31/2007.

Global BPO Services Corporation does not have significant operations. It intends to acquire operating businesses through a merger, capital stock exchange, asset or stock acquisition, exchangeable share transaction, joint venture, GLOBAL BPO SERVICES has a market cap of $295.31 million; its shares were traded at around $7.56 .

New Purchase: Atlas Pipeline Holdings L.P. (AHD)

Seth Klarman initiated holdings in Atlas Pipeline Holdings L.P.. The impact to his portfolio due to this purchase was 0.73%. His holdings were 477,778 shares as of 12/31/2007.

Atlas Pipeline Holdings L.P., through its interests in Atlas Pipeline Partners, L.P, engages in the transmission, gathering, and processing of natural gas in the Mid-Continent and Appalachian regions. Atlas Pipeline Holdings L.P. has a market cap of $858.76 million; its shares were traded at around $32.1 with a P/E ratio of 402.56 and P/S ratio of 1.55. The dividend yield of Atlas Pipeline Holdings L.P. stocks is 4.5%.

New Purchase: Alliance One International Inc. (AOI)

Seth Klarman initiated holdings in Alliance One International Inc.. The impact to his portfolio due to this purchase was 0.71%. His holdings were 3,060,832 shares as of 12/31/2007.

Alliance One International, Inc. engages in the selection, purchase, processing, storage, packing, shipping, and sale of leaf tobacco in North America, South America, Europe, Africa, and Asia. Alliance One International Inc. has a market cap of $458.32 million; its shares were traded at around $4.68 with P/S ratio of 0.21.

New Purchase: ENTERPRISE ACQ CP (EST)

Seth Klarman initiated holdings in ENTERPRISE ACQ CP. The impact to his portfolio due to this purchase was 0.64%. His holdings were 1,250,000 shares as of 12/31/2007.

Enterprise Acquisition Corp. does not have significant operations. It intends to acquire through a merger, stock exchange, asset acquisition, or similar business combination an operating business or businesses. ENTERPRISE ACQ CP has a market cap of $150.44 million; its shares were traded at around $9.22 .

New Purchase: BREITBURN ENERGY PARTNERS, L.P. - COMMON UNITS REP (BBEP)

Seth Klarman initiated holdings in BREITBURN ENERGY PARTNERS, L.P. - COMMON UNITS REP. The impact to his portfolio due to this purchase was 0.58%. His holdings were 355,805 shares as of 12/31/2007.

Breitburn Energy Partners L.P. operates as an oil and gas partnership. The partnership, through its wholly owned subsidiary, BreitBurn Operating L.P. and its general partner BreitBurn Operating GP, LLC, engages in the acquisition, exploitation, BREITBURN ENERGY PARTNERS, L.P. - COMMON UNITS REP has a market cap of $1.33 billion; its shares were traded at around $20.29 with P/S ratio of 10.83.

New Purchase: Audiovox Corp. (VOXX)

Seth Klarman initiated holdings in Audiovox Corp.. The impact to his portfolio due to this purchase was 0.37%. His holdings were 520,468 shares as of 12/31/2007.

Audiovox Corporation and its subsidiaries engage in the design and marketing of electronic products worldwide. It offers a range of mobile electronics products, including mobile multi-media video products, such as overhead, headrest, and portable. Audiovox Corp. has a market cap of $219.63 million; its shares were traded at around $9.81 with a P/E ratio of 21.60 and P/S ratio of 0.40.

New Purchase: TM ENTERTAINMENT (TMI)

Seth Klarman initiated holdings in TM ENTERTAINMENT. The impact to his portfolio due to this purchase was 0.26%. His holdings were 625,000 shares as of 12/31/2007.

TM Entertainment and Media, Inc. does not have significant operations. It intends to acquire a domestic or foreign operating business in the entertainment, media, digital, or communications industries through a merger, capital stock exchange, TM ENTERTAINMENT has a market cap of $90.66 million; its shares were traded at around $7.28 .

New Purchase: GOLDEN POND HEALTHCR (GPH)

Seth Klarman initiated holdings in GOLDEN POND HEALTHCR. The impact to his portfolio due to this purchase was 0.26%. His holdings were 633,000 shares as of 12/31/2007.

Golden Pond Healthcare, Inc. does not have significant operations. It intends to acquire operating businesses in the healthcare industry through a merger, capital stock exchange, asset or stock acquisition, or other similar business combination. GOLDEN POND HEALTHCR has a market cap of $153.35 million; its shares were traded at around $7.27 .

New Purchase: INTER-ATLANTIC FINANCIAL, INC. (IAN)

Seth Klarman initiated holdings in INTER-ATLANTIC FINANCIAL, INC.. The impact to his portfolio due to this purchase was 0.24%. His holdings were 575,000 shares as of 12/31/2007.

Inter-Atlantic Financial, Inc. does not have significant operations. It intends to acquire an operating business in or related to the financial services industry through a merger, capital stock exchange, asset acquisition, stock purchase, INTER-ATLANTIC FINANCIAL, INC. has a market cap of $76.96 million; its shares were traded at around $7.34 .

New Purchase: 2020 CHINACAP ACQ (TTY)

Seth Klarman initiated holdings in 2020 CHINACAP ACQ. The impact to his portfolio due to this purchase was 0.13%. His holdings were 307,000 shares as of 12/31/2007.

2020 ChinaCap Acquirco, Inc. does not have significant operations. It intends to acquire an operating business that is located in China and has its principal operations or establishing operations in China. 2020 CHINACAP ACQ has a market cap of $76.13 million; its shares were traded at around $7.26 .

New Purchase: Portland General Electric Company (POR)

Seth Klarman initiated holdings in Portland General Electric Company. The impact to his portfolio due to this purchase was 0.05%. His holdings were 32,232 shares as of 12/31/2007.

Portland General Electric Company engages in the generation, purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. Portland General Electric Company has a market cap of $1.5 billion; its shares were traded at around $23.94 with a P/E ratio of 9.32 and P/S ratio of 0.89. The dividend yield of Portland General Electric Company stocks is 4%.

Reduced: School Specialty Inc. (SCHS)

Seth Klarman reduced to his holdings in School Specialty Inc. by 70.04%. The impact to his portfolio due to this sale was 0.21%. Seth Klarman still held 180,586 shares as of 12/31/2007.

School Specialty, Inc. and its subsidiaries provide supplemental educational products and equipment to the pre-kindergarten through twelfth grade education market in the United States and Canada. School Specialty Inc. has a market cap of $639.02 million; its shares were traded at around $32.6 with a P/E ratio of 23.67 and P/S ratio of 0.61.

Reduced: Core Mark Holding Co Inc (CORE)

Seth Klarman reduced to his holdings in Core Mark Holding Co Inc by 64.9%. The impact to his portfolio due to this sale was 0.16%. Seth Klarman still held 157,613 shares as of 12/31/2007.

Core-Mark Holding Company, Inc. operates as a wholesale distributor of packaged consumer products to the convenience retail industry in North America. It provides sales and marketing, distribution, and logistics services to customers. Core Mark Holding Co Inc has a market cap of $300.11 million; its shares were traded at around $29.29 with a P/E ratio of 12.14 and P/S ratio of 0.07.

Reduced: JK Acquisition Corp (JKA)

Seth Klarman reduced to his holdings in JK Acquisition Corp by 54.06%. The impact to his portfolio due to this sale was 0.14%. Seth Klarman still held 667,700 shares as of 12/31/2007.

JK Acquisition Corp. does not have significant operations. The company intends to acquire, through a merger, capital stock exchange, asset acquisition, or other similar business combination, an operating business in North America. JK Acquisition Corp has a market cap of $97.44 million; its shares were traded at around $5.89 .

Reduced: ClearPoint Business Resources Inc. (CPBR)

Seth Klarman reduced to his holdings in ClearPoint Business Resources Inc. by 29.63%. The impact to his portfolio due to this sale was 0.04%. Seth Klarman still held 399,729 shares as of 12/31/2007.

ClearPoint Business Resources, Inc., through its subsidiary, ClearPoint Resources, Inc., provides workforce management solutions in the United States. It focuses on human resource/staff outsourcing, vendor management services, ClearPoint Business Resources Inc. has a market cap of $25.62 million; its shares were traded at around $1.898 with P/S ratio of 0.15.

Sold Out: Broadridge Financial Solutions Inc. (BR)

Seth Klarman sold out his holdings in Broadridge Financial Solutions Inc.. The impact to his portfolio due to this sale was less than 0.01%.

Broadridge Financial Solutions, Inc. provides technology-based outsourcing solutions to the financial services industry. It operates in three segments: Investor Communication Solutions, Securities Processing Solutions, and Clearing and Outsourcing. Broadridge Financial Solutions Inc. has a market cap of $2.81 billion; its shares were traded at around $20.18 with a P/E ratio of 13.64 and P/S ratio of 1.28. The dividend yield of Broadridge Financial Solutions Inc. stocks is 1.1%.

Sold Out: Information Services Group Inc (III)

Seth Klarman sold out his holdings in Information Services Group Inc. The impact to his portfolio due to this sale was less than 0.01%.

Information Services Group, Inc., through its subsidiary, Technology Partners International, Inc. (TPI), operates as a sourcing advisory firm. It provides its clients with operational assessments, strategic planning, and contract negotiation services. Information Services Group Inc has a market cap of $233.68 million; its shares were traded at around $5.75 .

Sold Out: U.S. Auto Parts Network Inc. (PRTS)

Seth Klarman sold out his holdings in U.S. Auto Parts Network Inc.. The impact to his portfolio due to this sale was less than 0.01%.

U.S. Auto Parts Network, Inc. operates as an online retailer of aftermarket auto parts and accessories primarily in the United States. The company principally sells its products to individual consumers through a network of Web sites. U.S. Auto Parts Network Inc. has a market cap of $161.17 million; its shares were traded at around $5.58 with a P/E ratio of 77.14 and P/S ratio of 1.04.

 

Sold Out: Grubb & Ellis Realty Advisors Inc (GAV)

Seth Klarman sold out his holdings in Grubb & Ellis Realty Advisors Inc. The impact to his portfolio due to this sale was less than 0.01%.

Grubb & Ellis Realty Advisors, Inc. does not have significant operations. It intends to acquire commercial real estate properties and/or assets through a purchase or other business combination. Grubb & Ellis Realty Advisors Inc has a market cap of $174.53 million; its shares were traded at around $5.85 with a P/E ratio of 61.58.

Sold Out: Hutchison Telecommunications Internation (HTX)

Seth Klarman sold out his holdings in Hutchison Telecommunications Internation. The impact to his portfolio due to this sale was less than 0.01%.

Hutchison Telecommunications International Limited, together with its subsidiaries, provides mobile and fixed-line telecommunications services. The company offers various voice, video, data, and value-added services over its mobile etc. Hutchison Telecommunications Internation has a market cap of $6.68 billion; its shares were traded at around $20.65 with a P/E ratio of 0.74 and P/S ratio of 1.49.

Added: Syneron Medical Ltd. (ELOS)

Seth Klarman added to his holdings in Syneron Medical Ltd. by 17.49%. His purchase prices were between $13.9 and $17.14, with an estimated average price of $15.22. The impact to his portfolio due to this purchase was 0.71%. His holdings were 3,113,519 shares as of 12/31/2007.

Syneron Medical, Ltd. engages in the design, development, and marketing of aesthetic medical products based on its proprietary electro-optical synergy technology. Syneron Medical Ltd. has a market cap of $465.54 million; its shares were traded at around $16.53 with a P/E ratio of 12.14 and P/S ratio of 3.33.

 


Rating: 2.4/5 (16 votes)

Comments

kuuks
Kuuks - 6 years ago
Ohhh yeah time for my quarterly "let's try and understand Klarman's picks" event.

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