Renowned value investor Seth Klarman just released his first quarter portfolio holdings at the Baupost Group. These are the details of buys and sells.
Seth Klarman buys Solar Capital Ltd., Adc Telecommunications Inc., sells Cit Group Inc. during the 3-months ended 03/31/2010, according to the most recent filings of his investment company, The Baupost Group. Seth Klarman owns 17 stocks with a total value of $1.6 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
This is the sector weightings of his portfolio:
| Consumer Services | 24.4% |
| Technology | 20.7% |
| Health Care | 20.6% |
| Basic Materials | 10.6% |
| Oil & Gas | 7.8% |
| Financials | 6.9% |
| Consumer Goods | 4.4% |
| Industrials | 0.8% |
These are the top 5 holdings of Seth Klarman
- News Corp. (NWSA) - 23,140,000 shares, 20.4% of the total portfolio. Shares reduced by 5.36%
- ViaSat Inc. (VSAT) - 8,706,700 shares, 18.43% of the total portfolio. Shares added by 77.11%
- Theravance Inc. (THRX) - 13,000,000 shares, 10.59% of the total portfolio. Shares added by 28.71%
- Domtar Corp. (UFS) - 2,676,927 shares, 10.55% of the total portfolio. Shares reduced by 7.69%
- BREITBURN ENERGY PARTNERS, L.P. - COMMON UNITS REP (BBEP) - 8,495,939 shares, 7.75% of the total portfolio.
Added: Viasat Inc. (VSAT, Financial)
Seth Klarman added to his holdings in Viasat Inc. by 77.11%. His purchase prices were between $26.24 and $35, with an estimated average price of $30.77. The impact to his portfolio due to this purchase was 8.02%. His holdings were 8,706,700 shares as of 03/31/2010.ViaSat Inc. designs, produces and markets advanced digital satellitetelecommunications and other networking and signal processing equipment. Viasat Inc. has a market cap of $1.34 billion; its shares were traded at around $34.24 with a P/E ratio of 26.1 and P/S ratio of 2.1.
Added: Theravance Inc. (THRX, Financial)
Seth Klarman added to his holdings in Theravance Inc. by 28.71%. His purchase prices were between $9.7 and $13.85, with an estimated average price of $12.13. The impact to his portfolio due to this purchase was 2.36%. His holdings were 13,000,000 shares as of 03/31/2010.Theravance Inc is focused on the discovery, development and commercialization of small molecule medicines for unmet medical needs across a number of therapeutic areas including respiratory disease, bacterial infections, overactive bladder and gastrointestinal disorders. Theravance Inc. has a market cap of $973.1 million; its shares were traded at around $15.15 with and P/S ratio of 40.
Added: Enzon Inc. (ENZN, Financial)
Seth Klarman added to his holdings in Enzon Inc. by 13.87%. His purchase prices were between $9 and $11.28, with an estimated average price of $9.99. The impact to his portfolio due to this purchase was 0.7%. His holdings were 9,203,100 shares as of 03/31/2010.Enzon Pharmaceuticals, Inc. is a biopharmaceutical company dedicated to the development and commercialization of therapeutics to treat patients with cancer and adjacent diseases. Enzon Inc. has a market cap of $648.1 million; its shares were traded at around $10.9 with and P/S ratio of 3.5.
New Purchase: Solar Capital Ltd. (SLRC, Financial)
Seth Klarman initiated holdings in Solar Capital Ltd.. His purchase prices were between $18 and $22, with an estimated average price of $19.21. The impact to his portfolio due to this purchase was 2.47%. His holdings were 2,010,973 shares as of 03/31/2010.Solar Capital Ltd. is a closed-end investment company that invests primarily in leveraged companies, including middle market companies, in the form of senior secured loans, mezzanine loans, and equity securities. Solar Capital Ltd. has a market cap of $775.1 million; its shares were traded at around $23.54 . The dividend yield of Solar Capital Ltd. stocks is 5.8%.
New Purchase: ADC Telecommunications Inc. (ADCT, Financial)
Seth Klarman initiated holdings in Adc Telecommunications Inc.. His purchase prices were between $5.31 and $7.53, with an estimated average price of $6.61. The impact to his portfolio due to this purchase was 2.24%. His holdings were 5,000,000 shares as of 03/31/2010.ADC Telecommunications is a global supplier of broadband network equipment, fiber optics, software and systems integration services that enable communications service providers to deliver high-speed Internet, data, video and voice services to consumers and businesses worldwide. Adc Telecommunications Inc. has a market cap of $796.1 million; its shares were traded at around $8.21 with a P/E ratio of 25.7 and P/S ratio of 0.5.
Sold Out: CIT Group Inc. (CIT, Financial)
Seth Klarman sold out his holdings in Cit Group Inc.. His sale prices were between $27.61 and $39.23, with an estimated average price of $33.89.CIT Group Inc. is a bank holding company that provides financing and leasing capital for commercial companies throughout the world. CIT Group Inc. has a market cap of $15.98 billion; its shares were traded at around $39.48 with and P/S ratio of 4.
