Renowned value investor Seth Klarman just reported his second quarter equity portfolio. These are the details of buys and sells.
Seth Klarman now runs one of the world’s largest hedge fund. He invests heavily into debt and other private investments. His performance and reputation helped him to pick up assets in 2008 while other hedge funds liquidated.
These are some good readings about him:
Seth Klarman buys Energy XXI (bermuda) Limited, sells Directv Group Inc. The, Facet Biotech Corporation during the 3-months ended 06/30/2010, according to the most recent filings of his investment company, The Baupost Group. Seth Klarman owns 16 stocks with a total value of $1.3 billion. These are the details of the buys and sells.
This is the sector weightings of his portfolio:
These are the top 5 holdings of Seth Klarman
ViaSat Inc. designs, produces and markets advanced digital satellitetelecommunications and other networking and signal processing equipment. Viasat Inc. has a market cap of $1.35 billion; its shares were traded at around $33.73 with a P/E ratio of 24.9 and P/S ratio of 1.9. Viasat Inc. had an annual average earning growth of 7.1% over the past 5 years.
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 $624.4 million; its shares were traded at around $10.36 with and P/S ratio of 3.4.
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 $1.22 billion; its shares were traded at around $12.6 with a P/E ratio of 39.4 and P/S ratio of 0.8.
Energy Xxi (bermuda) Limited has a market cap of $822.8 million; its shares were traded at around $16.25 with the P/S ratio of 1.9.
Audiovox Corporation generally markets its products under the well-recognized Audiovox brand name. Audiovox Corp. has a market cap of $134.7 million; its shares were traded at around $6.53 with a P/E ratio of 18.7 and P/S ratio of 0.3.
Domtar is a major North American manufacturer of pulp and forest products, fine papers and packaging that fosters sustainable development through the rigorous application of its integrated forest management policy. Domtar Corp. has a market cap of $2.58 billion; its shares were traded at around $61.24 with a P/E ratio of 8.7 and P/S ratio of 0.5. The dividend yield of Domtar Corp. stocks is 1.7%. Domtar Corp. had an annual average earning growth of 34.7% over the past 5 years.
DIRECTV is a provider of digital multichannel television entertainment in the United States and Latin America. DirecTV Group Inc. has a market cap of $34.2 billion; its shares were traded at around $38.56 with a P/E ratio of 18.9 and P/S ratio of 1.6. Directv Group Inc. had an annual average earning growth of 33.4% over the past 10 years.
Seth Klarman now runs one of the world’s largest hedge fund. He invests heavily into debt and other private investments. His performance and reputation helped him to pick up assets in 2008 while other hedge funds liquidated.
These are some good readings about him:
- Advice by Seth Klarman & Steven Romick: How to Protect your Investments in a Deflation
- Seth Klarman 1992: Don't Be A Yield Pig
- 6 Quotes from Seth Klarman's Preface to the Sixth Edition of Security Analysis
- Seth Klarman's Reading List
Seth Klarman buys Energy XXI (bermuda) Limited, sells Directv Group Inc. The, Facet Biotech Corporation during the 3-months ended 06/30/2010, according to the most recent filings of his investment company, The Baupost Group. Seth Klarman owns 16 stocks with a total value of $1.3 billion. These are the details of the buys and sells.
- New Purchases: EXXI,
- Added Positions: ADCT, ENZN, VSAT,
- Reduced Positions: UFS, VOXX,
- Sold Out: DTV,
This is the sector weightings of his portfolio:
| Technology | 27.5% |
| Health Care | 21.6% |
| Consumer Services | 18% |
| Oil & Gas | 9.6% |
| Financials | 7.2% |
| Basic Materials | 6.7% |
| Consumer Goods | 4.3% |
| Industrials | 0.6% |
These are the top 5 holdings of Seth Klarman
- ViaSat Inc. (VSAT) - 9,972,375 shares, 24.35% of the total portfolio. Shares added by 14.54%
- News Corp. (NWSA) - 19,050,000 shares, 17.09% of the total portfolio. Shares reduced by 17.68%
- Theravance Inc. (THRX) - 13,000,000 shares, 12.26% of the total portfolio.
- BREITBURN ENERGY PARTNERS, L.P. - COMMON UNITS REP (BBEP) - 8,290,839 shares, 9.28% of the total portfolio. Shares reduced by 2.41%
- Enzon Inc. (ENZN) - 10,175,898 shares, 8.13% of the total portfolio. Shares added by 10.57%
Added: Viasat Inc. (VSAT, Financial)
Seth Klarman added to his holdings in Viasat Inc. by 14.54%. His purchase prices were between $30.96 and $36.41, with an estimated average price of $33.83. The impact to his portfolio due to this purchase was 3.09%. His holdings were 9,972,375 shares as of 06/30/2010.ViaSat Inc. designs, produces and markets advanced digital satellitetelecommunications and other networking and signal processing equipment. Viasat Inc. has a market cap of $1.35 billion; its shares were traded at around $33.73 with a P/E ratio of 24.9 and P/S ratio of 1.9. Viasat Inc. had an annual average earning growth of 7.1% over the past 5 years.
Added: Enzon Inc. (ENZN, Financial)
Seth Klarman added to his holdings in Enzon Inc. by 10.57%. His purchase prices were between $10.07 and $11.45, with an estimated average price of $10.67. The impact to his portfolio due to this purchase was 0.78%. His holdings were 10,175,898 shares as of 06/30/2010.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 $624.4 million; its shares were traded at around $10.36 with and P/S ratio of 3.4.
Added: ADC Telecommunications Inc. (ADCT, Financial)
Seth Klarman added to his holdings in Adc Telecommunications Inc. by 13.25%. His purchase prices were between $7.27 and $8.49, with an estimated average price of $7.89. The impact to his portfolio due to this purchase was 0.37%. His holdings were 5,662,469 shares as of 06/30/2010.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 $1.22 billion; its shares were traded at around $12.6 with a P/E ratio of 39.4 and P/S ratio of 0.8.
New Purchase: Energy XXI (bermuda) Limited - Common Shares (EXXI, Financial)
Seth Klarman initiated holdings in Energy Xxi (bermuda) Limited . His purchase prices were between $13.48 and $22.38, with an estimated average price of $17.21. The impact to his portfolio due to this purchase was 0.31%. His holdings were 265,000 shares as of 06/30/2010.Energy Xxi (bermuda) Limited has a market cap of $822.8 million; its shares were traded at around $16.25 with the P/S ratio of 1.9.
Reduced: Audiovox Corp. (VOXX, Financial)
Seth Klarman reduced to his holdings in Audiovox Corp. by 38.11%. His sale prices were between $7.38 and $9.73, with an estimated average price of $8.25. The impact to his portfolio due to this sale was -0.22%. Seth Klarman still held 1,060,576 shares as of 06/30/2010.Audiovox Corporation generally markets its products under the well-recognized Audiovox brand name. Audiovox Corp. has a market cap of $134.7 million; its shares were traded at around $6.53 with a P/E ratio of 18.7 and P/S ratio of 0.3.
Reduced: Domtar Corp. (UFS, Financial)
Seth Klarman reduced to his holdings in Domtar Corp. by 31.82%. His sale prices were between $49.41 and $78.39, with an estimated average price of $64.28. The impact to his portfolio due to this sale was -2.14%. Seth Klarman still held 1,825,000 shares as of 06/30/2010.Domtar is a major North American manufacturer of pulp and forest products, fine papers and packaging that fosters sustainable development through the rigorous application of its integrated forest management policy. Domtar Corp. has a market cap of $2.58 billion; its shares were traded at around $61.24 with a P/E ratio of 8.7 and P/S ratio of 0.5. The dividend yield of Domtar Corp. stocks is 1.7%. Domtar Corp. had an annual average earning growth of 34.7% over the past 5 years.
Sold Out: DirecTV Group Inc. (DTV, Financial)
Seth Klarman sold out his holdings in DirecTV Group Inc. The. His sale prices were between $34.27 and $39.68, with an estimated average price of $36.78.DIRECTV is a provider of digital multichannel television entertainment in the United States and Latin America. DirecTV Group Inc. has a market cap of $34.2 billion; its shares were traded at around $38.56 with a P/E ratio of 18.9 and P/S ratio of 1.6. Directv Group Inc. had an annual average earning growth of 33.4% over the past 10 years.
