Renowned value investor, hedge fund manager Seth Klarman (Trades, Portfolio) just reported his third quarter portfolio. Seth Klarman (Trades, Portfolio) buys Cheniere Energy Inc, Ocwen Financial Corp, Antero Resources Corp, Veritiv Corp, Keryx Biopharmaceuticals Inc, eBay Inc, PBF Energy Inc, Forward Pharma AS, PBF Energy Inc, Atara Biotherapeutics Inc, sells Boyd Gaming Corporation, Theravance Inc, Syneron Medical Ltd during the 3-months ended 09/30/2014, according to the most recent filings of his investment company, The Baupost Group. As of 09/30/2014, The Baupost Group owns 27 stocks with a total value of $5.7 billion. These are the details of the buys and sells.
- New Purchases: OCN, AR, VRTV, FWP, ATRA,
- Added Positions: LNG, KERX, EBAY, PBF, PBF,
- Reduced Positions: BYD, THRX, ELOS,
For the details of Seth Klarman (Trades, Portfolio)'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 | 48.6% |
| Energy | 22.1% |
| Healthcare | 13.8% |
| Consumer Cyclical | 8.3% |
| Financial Services | 3.2% |
| Basic Materials | 1.2% |
| Consumer Defensive | 0.2% |
These are the top 5 holdings of Seth Klarman (Trades, Portfolio)
1. Micron Technology Inc (MU) - 51,655,434 shares, 30.8% of the total portfolio.
2. Cheniere Energy Inc (LNG) - 11,199,030 shares, 15.6% of the total portfolio. Shares added by 87.03%
3. Viasat Inc (VSAT) - 11,533,137 shares, 11.1% of the total portfolio.
4. eBay Inc (EBAY) - 6,096,707 shares, 6.0% of the total portfolio. Shares added by 37.43%
5. Theravance Inc (THRX) - 19,815,983 shares, 5.9% of the total portfolio. Shares reduced by 2.84%
New Purchase: Ocwen Financial Corp (OCN, Financial)
Seth Klarman (Trades, Portfolio) initiated holdings in Ocwen Financial Corp. His purchase prices were between $25.16 and $37.13, with an estimated average price of $29.99. The impact to his portfolio due to this purchase was 3.2%. His holdings were 7,001,700 shares as of 09/30/2014.
New Purchase: Antero Resources Corp (AR, Financial)
Seth Klarman (Trades, Portfolio) initiated holdings in Antero Resources Corp. His purchase prices were between $54.52 and $65.71, with an estimated average price of $57.97. The impact to his portfolio due to this purchase was 2.6%. His holdings were 2,759,510 shares as of 09/30/2014.
New Purchase: Veritiv Corp (VRTV, Financial)
Seth Klarman (Trades, Portfolio) initiated holdings in Veritiv Corp. His purchase prices were between $32.5 and $50.22, with an estimated average price of $42.42. The impact to his portfolio due to this purchase was 2.1%. His holdings were 2,362,885 shares as of 09/30/2014.
New Purchase: Forward Pharma AS (FWP)
Seth Klarman (Trades, Portfolio) initiated holdings in Forward Pharma AS. The impact to his portfolio due to this purchase was 2.03%. His holdings were 5,367,300 shares as of 09/30/2014.
New Purchase: Atara Biotherapeutics Inc (ATRA)
Seth Klarman (Trades, Portfolio) initiated holdings in Atara Biotherapeutics Inc. The impact to his portfolio due to this purchase was 1.07%. His holdings were 2,495,913 shares as of 09/30/2014.
Added: Cheniere Energy Inc (LNG, Financial)
Seth Klarman (Trades, Portfolio) added to his holdings in Cheniere Energy Inc by 87.03%. His purchase prices were between $70.2 and $84.46, with an estimated average price of $76.24. The impact to his portfolio due to this purchase was 7.26%. His holdings were 11,199,030 shares as of 09/30/2014.
Added: Keryx Biopharmaceuticals Inc (KERX, Financial)
Seth Klarman (Trades, Portfolio) added to his holdings in Keryx Biopharmaceuticals Inc by 73.62%. His purchase prices were between $12.71 and $18.19, with an estimated average price of $15.32. The impact to his portfolio due to this purchase was 1.87%. His holdings were 18,300,000 shares as of 09/30/2014.
Added: eBay Inc (EBAY, Financial)
Seth Klarman (Trades, Portfolio) added to his holdings in eBay Inc by 37.43%. His purchase prices were between $50.18 and $56.25, with an estimated average price of $52.83. The impact to his portfolio due to this purchase was 1.63%. His holdings were 6,096,707 shares as of 09/30/2014.
Added: PBF Energy Inc (PBF, Financial)
Seth Klarman (Trades, Portfolio) added to his holdings in PBF Energy Inc by 27.7%. His purchase prices were between $23.89 and $28.41, with an estimated average price of $26.37. The impact to his portfolio due to this purchase was 0.65%. His holdings were 7,145,418 shares as of 09/30/2014.
Added: PBF Energy Inc (PBF, Financial)
Seth Klarman (Trades, Portfolio) added to his holdings in PBF Energy Inc by 54.83%. The impact to his portfolio due to this purchase was 1.29%. His holdings were 8,663,114 shares as of 09/30/2014.
Reduced: Boyd Gaming Corporation (BYD, Financial)
Seth Klarman (Trades, Portfolio) reduced to his holdings in Boyd Gaming Corporation by 64.95%. His sale prices were between $9.46 and $12.47, with an estimated average price of $10.81. The impact to his portfolio due to this sale was -0.36%. Seth Klarman (Trades, Portfolio) still held 979,476 shares as of 09/30/2014.
Reduced: Theravance Inc (THRX, Financial)
Seth Klarman (Trades, Portfolio) reduced to his holdings in Theravance Inc by 2.84%. His sale prices were between $17.53 and $30.4, with an estimated average price of $22.87. The impact to his portfolio due to this sale was -0.28%. Seth Klarman (Trades, Portfolio) still held 19,815,983 shares as of 09/30/2014.
Reduced: Syneron Medical Ltd (ELOS, Financial)
Seth Klarman (Trades, Portfolio) reduced to his holdings in Syneron Medical Ltd by 25.13%. His sale prices were between $9.69 and $11.03, with an estimated average price of $10.17. The impact to his portfolio due to this sale was -0.17%. Seth Klarman (Trades, Portfolio) still held 2,994,610 shares as of 09/30/2014.
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