Seth Klarman (Trades, Portfolio), a deep value investor, purchased five new positions in the first quarter, his portfolio update showed Friday.
Tech stocks make up the greatest portfolio of Klarman’s portfolio at 36%. The next largest is energy at 27.9%. In total he owned 33 positions at the end of the first quarter with a value of $6.9 billion. Klarman has also been heralded as the fourth most profitable hedge fund manager ever by LCH Investments.
Klarman’s buys during the first quarter were: Allergan PLc (AGN, Financial), VMWare Inc. (VMW, Financial), Silver Run Acquisition Corp. Units (SRAQU, Financial), La Quinta Holdings Inc. (LQ, Financial) and Genworth Financial Inc. (GNW, Financial).
Klarman purchased 1,721,587 shares, worth 6.7% of his portfolio. The stock’s first quarter share price averaged $287.
Allergan Plc has a market cap of $88.35 billion; its shares were traded around $223.35 with a P/E ratio of 19.97 and P/S ratio of 4.85. Allergan Plc had an annual average earnings growth of 3.6% over the past five years.
Klarman bought 2,252,694 shares, worth 1.7% of the portfolio. The stock’s first quarter share price averaged $50.
VMWare Inc. has a market cap of $24.57 billion; its shares were traded around $57.92 with a P/E ratio of 25.61 and P/S ratio of 3.72. VMWare Inc. had an annual average earnings growth of 24.8% over the past 10 years. GuruFocus rated VMWare Inc. the business predictability rank of 3.5-star.
Silver Run Acquisition Corp. Units (SRAQU, Financial)
Klarman bought 3.75 million shares, worth 0.57% of the portfolio.
La Quinta Holdings Inc. (LQ, Financial)
Klarman bought 1.111 million shares, worth 0.2% of the portfolio. The stock’s first quarter share price averaged $11.
La Quinta Holdings Inc. has a market cap of $1.41 billion; its shares were traded around $11.77 with and P/S ratio of 1.46.
Genworth Financial Inc. (GNW, Financial)
Klarman bought 1,699,195 shares, worth 0.07%. The stock’s first quarter share price averaged $3.
Genworth Financial Inc. has a market cap of $1.77 billion; its shares were traded around $3.56 with and P/S ratio of 0.23.
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