(GuruFocus, April 30, 2009) Investment Guru Seth Klarman had added in April, 2009 to his positions in BreitBurn Energy Partners L.P. (BBEP, Financial), RHI Entertainment (RHIE, Financial) and Facet Biotech Corporation (FACT, Financial). According to GuruFocus Data, he added 4.15% to his position in BBEP on April 27 at the price of $6.24 per share. Now he owns 8.5 million shares of the BBEP; he added 9.28% to his position to RHIE at the price of $1.19 at the price of $1.19 per share. The total number of shares held reached 4.9 millions shares; and he increased his holdings in FACT by 57.8% on April 8, 2009 at the price of $8.74 per share.
The close prices on these three stocks on April 30, 2009 are all higher than Seth Klarman’s purchase. This is true especially for RHIE, whose stock price increased more than 170%.
Here are brief profiles for the three stocks Seth Klarman bought in April 2009:
BreitBurn Energy Partners L.P (BBEP)
BreitBurn Energy Partners L.P. is an independent oil and gas limited partnership. It is recently formed by a subsidiary of Provident Energy Trust focused on the acquisition exploitation and development of oil and gas properties. BreitBurn's assets consist primarily of producing and non-producing crude oil reserves located in the Los Angeles Basin in California and the Wind River and Big Horn Basins in central Wyoming.
It has a market cap of $334.5 million; its shares were traded at around $6.34 with a P/E ratio of 3.7 and P/S ratio of 0.4.
Seth Klarman is the only Investment Guru we track owns this stock. He has 8,157,439 shares as of 12/31/2008, an increase of 31.81% from the previous quarter. This position accounts for 5.19% of the $1.11 billion equity portfolio of Seth KlarmanThe Baupost Group.
RHI Entertainment
RHI Entertainment develops produces and distributes new made-for-television movies, miniseries and other television programming worldwide. It is the leading provider of new long-form television content in the United States.. In addition to the development production and distribution of new content RHI owns rights to approximately 1000 titles or over 3500 broadcast hours of long-form television programming which are licensed to broadcast and cable networks and new media outlets globally. RHI Entertainment Inc. has a market cap of $43.6 million; its shares were traded at around $3.23 with and P/S ratio of 0.1.
Again Seth Klarman is the only Investmnet Guru who owns this stock. He owns 3,661,699 shares as of 12/31/2008, which accounts for 2.68% of the $1.11 billion portfolio of The Baupost Group. But since then, he has increased his holding to 4.9 million shares.
Facet Biotech Corporation (FACT)
Facet Biotech Corporation offers biotechnology research services for drug and pharmaceutical products development. It has a market cap of $229.7 million; its shares were traded at around $9.35 with and P/S ratio of 12.5.
Seth Klarman bought 2,772,092 shares in the quarter that ended on 12/31/2008, which is 2.4% of the $1.11 billion portfolio of The Baupost Group. But he has since increased holdings to 4.7 million shares.
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The close prices on these three stocks on April 30, 2009 are all higher than Seth Klarman’s purchase. This is true especially for RHIE, whose stock price increased more than 170%.
| Ticker | Date | Impact to Portfolio | Price Range (Average) | Change from Average | Comment | Current Shares | % of Company owned |
|---|---|---|---|---|---|---|---|
| BBEP | 2009-04-27 | 4.82% | $6.24 | 2% | Add 4.15% | 8,495,939 | 6.10 |
| RHIE | 2009-04-01 | 1.26% | $1.19 | 171% | Add 9.78% | 4,900,551 | 36.29 |
| FACT | 2009-04-08 | 3.45% | $8.74 | 7% | Add 57.8% | 4,374,407 | 7.8 |
Here are brief profiles for the three stocks Seth Klarman bought in April 2009:
BreitBurn Energy Partners L.P (BBEP)
BreitBurn Energy Partners L.P. is an independent oil and gas limited partnership. It is recently formed by a subsidiary of Provident Energy Trust focused on the acquisition exploitation and development of oil and gas properties. BreitBurn's assets consist primarily of producing and non-producing crude oil reserves located in the Los Angeles Basin in California and the Wind River and Big Horn Basins in central Wyoming.
It has a market cap of $334.5 million; its shares were traded at around $6.34 with a P/E ratio of 3.7 and P/S ratio of 0.4.
Seth Klarman is the only Investment Guru we track owns this stock. He has 8,157,439 shares as of 12/31/2008, an increase of 31.81% from the previous quarter. This position accounts for 5.19% of the $1.11 billion equity portfolio of Seth KlarmanThe Baupost Group.
RHI Entertainment
RHI Entertainment develops produces and distributes new made-for-television movies, miniseries and other television programming worldwide. It is the leading provider of new long-form television content in the United States.. In addition to the development production and distribution of new content RHI owns rights to approximately 1000 titles or over 3500 broadcast hours of long-form television programming which are licensed to broadcast and cable networks and new media outlets globally. RHI Entertainment Inc. has a market cap of $43.6 million; its shares were traded at around $3.23 with and P/S ratio of 0.1.
Again Seth Klarman is the only Investmnet Guru who owns this stock. He owns 3,661,699 shares as of 12/31/2008, which accounts for 2.68% of the $1.11 billion portfolio of The Baupost Group. But since then, he has increased his holding to 4.9 million shares.
Facet Biotech Corporation (FACT)
Facet Biotech Corporation offers biotechnology research services for drug and pharmaceutical products development. It has a market cap of $229.7 million; its shares were traded at around $9.35 with and P/S ratio of 12.5.
Seth Klarman bought 2,772,092 shares in the quarter that ended on 12/31/2008, which is 2.4% of the $1.11 billion portfolio of The Baupost Group. But he has since increased holdings to 4.7 million shares.
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