Seth Klarman (Trades, Portfolio)'s The Baupost Group manages a $7.98 billion equity portfolio composed of 30 stocks as of the quarter's end. The firm sold shares of the following stocks during the second quarter.

Cheniere Energy

The fund closed its position in Cheniere Energy Inc. (LNG). The trade had an impact of -4.03% on the portfolio.

The company has a market cap of $13.34 billion and an enterprise value of $45.50 billion.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on assets

Seth Klarman (Trades, Portfolio), manager of Baupost Group, disclosed this week that his top five trades included a new holding in HCA Healthcare Inc. (HCA) and sells in the following four companies: Cheniere Energy Inc. (LNG), Facebook Inc. (FB), Alphabet Inc. (GOOG) and Energy Transfer LP (ET).

A Harvard MBA graduate, Klarman wrote the book "Margin of Safety," which discusses risk-averse value investing strategies for the thoughtful investor. The manager of the Boston-based firm invests in a wide range of securities, including common stock, distressed debt, liquidations, foreign equities and bonds. Despite this, Klarman does not mind

Investors who are focusing on growth may want to have a look at the following companies, as their price-earnings ratios are below 20 and their earnings per share have grown substantially over the past year.

Marvell Technology Group Ltd

The first company that meets the above listed criteria is Marvell Technology Group Ltd (MRVL), a Bermuda-based developer and seller of integrated circuits in the U.S. and internationally.

The company’s trailing 12-month EPS grew to $2.24 as of the first quarter of 2020, up from a net loss of 62 cents in the same quarter of 2019.

The price-earnings ratio is

Icahn Capital Management recently disclosed its portfolio updates for the first quarter of 2020, which ended on March 31.

Carl Icahn (Trades, Portfolio) founded Icahn Capital Management in 1987. He is also the largest shareholder in the investment firm’s underlying conglomerate company, Icahn Enterprises LP (IEP). His activist investing strategy focuses on taking significant positions in companies that are facing negative investor sentiment, aiming to gain enough shares to have some sway with management in order to capitalize on company improvements and market sensationalism.

During the first quarter, Icahn added one new position, Delek US Holdings Inc.

Seth Klarman (Trades, Portfolio)'s Baupost Group made a number of substantial changes to its equity portfolio in the third quarter of 2019, according to the hedge fund's recently published 13F filing.

It is important to remember that the filing only gives us a snapshot of the portfolio as of Sept. 30, so this is a backward-looking report. It also only includes Baupost's equity positions. The 13Fs do not show cash or debt positions, and only provide a snapshot of the equity portfolio at one point in time.

For example, even though we know that Baupost manages around

According to current portfolio statistics, Carl Icahn (Trades, Portfolio)’s top six holdings as of the second quarter are Icahn Enterprises LP (IEP), CVR Energy Inc. (CVI), Occidental Petroleum Corp. (OXY), Herbalife Nutrition Ltd. (HLF), Cheniere Energy Inc. (LNG) and Caesars Entertainment Corp. (CZR).

The New York Post reported Thursday evening that Icahn announced “quietly” to his staff at IEP he will close the New York City and White Plans offices at the end of first-quarter 2020 and open a new office in Miami on April 1, 2020. The activist investor cited in his letter that while

Billionaire investor Carl Icahn (Trades, Portfolio), who leads New York-based Icahn Capital Management, disclosed last week he upped his Hertz Global Holdings Inc. (HTZ) stake by 68.83% to a total 40.9 million shares.

A renowned activist investor, the guru is known for taking positions in struggling, beaten-down companies with the goal of encouraging management to make changes to improve profitability as well as create value for shareholders.

According to GuruFocus Real-Time Picks, a Premium feature, Icahn picked up 16.7 million more shares of the Estero, Florida-based company on July 12, impacting the equity portfolio by 1.05%.

According to Baupost's 13F filing with the Securities and Exchange Commission, the first quarter of 2019 was a relatively busy period for Seth Klarman (Trades, Portfolio).

The value investor made some major changes to his portfolio during the first three months of the year. These included boosting his holdings of eBay (EBAY) by nearly 40% to 29.3 million shares, making it the most crucial position in the portfolio, closely followed by Viasat Inc., which Baupost has owned for some time without any changes.

Keeps buying eBay

What's really interesting about this position

David Abrams (Trades, Portfolio), manager of Abrams Capital Management, disclosed on Monday he established a position in PG&E Corp. (PCG), one of Seth Klarman (Trades, Portfolio)’s top 10 holdings as of fourth-quarter 2018.

According to GuruFocus Real-Time Picks, a Premium feature, Abrams invested in 25 million shares for $19.39 per share on March 8, giving the stake 16.69% equity portfolio space.

Transaction details and purpose

Klarman’s protégé said in a Schedule 13-D filing that he and two other shareholders, Knighthead Capital Management and Redwood Capital Management,

These large-cap energy companies have shown positive margins on the stock market over the past week, month, year and three years.

Further, these stocks have either a moderate-to-high financial strength rating from GuruFocus or an Ebitda margin topping the industry median.

Houston, Texas-based oil & gas midstream company Plains All American Pipeline LP (PAA) has climbed 0.4% over the last week, 3.5% over the past month, 18.3% so far this year, 5.5% over the last 52 weeks and 3.7% over the past three years through March 8. These margins exclude dividends paid.

The company has paid dividends since 1999.

Carl Icahn (Trades, Portfolio)’s bets against the market and certain stocks paid off in the fourth quarter, overcoming declines in his long positions to deliver a 7.9% gain for his funds for 2018.

According to SEC filings, Icahn’s short book returned 7.8% for the year, versus a 0.8% loss in his long portfolio. A category called “other” gained 0.9%. The performance beat the past two years for Icahn Enterprises’ Investment Funds, which rose 2.1% in 2017 and lost 20.3% in 2016.

Market volatility at the end of the year contributed to Icahn’s advance. His shorts included $642

The chairman, chief executive officer, chief investment officer and co-founder of Horizon Kinetics LLC., Murray Stahl (Trades, Portfolio), bought shares of the following stocks during the fourth quarter.

The guru's Cheniere Energy Inc. (LNG) stake was boosted 3,596.63%, impacting the equity portfolio by 0.49%.

The company, which operates in LNG-related businesses, has a market cap of $16.32 billion and an enterprise value of $45.3 billion.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on assets of 1.84% is underperforming 87% of companies

Baupost Group manager Seth Klarman (Trades, Portfolio)’s top five holdings as of the third quarter are Twenty-First Century Fox Inc. (FOXA)(FOX), Cheniere Energy Inc. (LNG), Allergan PLC (AGN), Viasat Inc. (VSAT) and PG&E Corp. (PCG), according to GuruFocus current portfolio data.

Managing approximately $31 billion in total assets, Klarman invests in a wide array of securities, ranging from the fairly traditional value stocks to more esoteric investments like distressed debt, liquidations, foreign investments and bonds. Despite this, the author of “Margin of Safety” occasionally sits on the sidelines and holds cash when investment opportunities are scarce.

According to the GuruFocus All-in-One Guru Screener, the following stocks have outperformed the Standard & Poor's 500 index over the past 12 months and were bought by gurus during the last quarter.

LivaNova PLC (LIVN) has a market cap of $5.5 billion. It has outperformed the S&P 500 index by 42.31% over the past 12 months.

The stock is trading with a price-book ratio of 3.12. The stock price is currently 57.98% above its 52-week low and 13.17% below its 52- week high.

The medical technology company has a profitability and growth rating

Over the past several days, some of the world's best-known hedge funds have been publishing their quarterly 13F updates with the Securities and Exchange Commission.

These filings are required for U.S.-based hedge funds with more than $100 million in assets under management. They give a fascinating insight into hedge fund holdings, but shouldn't be relied upon for trading decisions.

These are backward-looking documents and are only snapshots of portfolios at one point in time. They're also only limited to equity holdings and exclude credit and cash positions.

Still, for long-term value investors such as Seth Klarman (Trades,