Seth Klarman's Baupost Group Buys AIG, Idenix Pharmaceuticals, Sells Hewlett-Packard, Oracle, ...

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Renowned value investor Seth Klarman just reported his 4 th quarter portfolio. He buys American International Group Inc, Idenix Pharmaceuticals, Inc., Viasat Inc, sells Hewlett-Packard Co, News Corporation, Oracle Corporation, Allied Nevada Gold Corp, Microsoft Corporation, Sycamore Networks, Inc. during the 3-months ended 12/31/2012, according to the most recent filings of his investment company, The Baupost Group. As of 12/31/2012, The Baupost Group owns 21 stocks with a total value of $3.1 billion. These are the details of the buys and sells.

  • New Purchases: AIG ,
  • Added Positions: NWS , IDIX , VSAT, IDIX,
  • Reduced Positions: NWSA, ORCL, ANV,
  • Sold Out: HPQ, MSFT, SCMR,
For the details of Seth Klarman's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Seth+Klarman

These are the top 5 holdings of Seth Klarman

  1. BP PLC ( BP ) - 10,927,958 shares, 14.7% of the total portfolio. Shares reduced by 2.96%
  2. Viasat Inc ( VSAT ) - 11,000,000 shares, 13.8% of the total portfolio. Shares added by 2.33%
  3. Oracle Corporation ( ORCL ) - 10,444,085 shares, 11.2% of the total portfolio. Shares reduced by 22.64%
  4. News Corporation ( NWS ) - 13,020,612 shares, 11.0% of the total portfolio. Shares added by 34.81%
  5. Theravance, Inc. ( THRX ) - 13,553,800 shares, 9.7% of the total portfolio.


New Purchase: American International Group Inc ( AIG )

Seth Klarman initiated holdings in American International Group Inc. His purchase prices were between $30.68 and $37.21, with an estimated average price of $34.07. The impact to his portfolio due to this purchase was 8%. His holdings were 7,000,000 shares as of 12/31/2012. American International Group, Inc., a Delaware corporation, is a holding company which, through its subsidiaries, is engaged in a range of insurance and insurance-related activities in the United States and abroad. American International Group Inc has a market cap of $57.49 billion; its shares were traded at around $38.88 with a P/E ratio of 2.6 and P/S ratio of 1.

Sold Out: Hewlett-Packard Co ( HPQ )

Seth Klarman sold out his holdings in Hewlett-Packard Co. His sale prices were between $11.71 and $17.13, with an estimated average price of $13.93. Hewlett-Packard Company was incorporated in 1947 under the laws of the State of California as the successor to a partnership founded in 1939 by William R. Hewlett-packard Co has a market cap of $33.12 billion; its shares were traded at around $16.96 with a P/E ratio of 3.6 and P/S ratio of 0.3. The dividend yield of Hewlett-packard Co stocks is 3%.

Sold Out: Microsoft Corporation ( MSFT )

Seth Klarman sold out his holdings in Microsoft Corporation. His sale prices were between $26.37 and $30.03, with an estimated average price of $27.96. Microsoft Corporation was founded in 1975. It was incorporated in the State of Washington. Microsoft Corporation has a market cap of $234.29 billion; its shares were traded at around $27.98 with a P/E ratio of 15.4 and P/S ratio of 3.2. The dividend yield of Microsoft Corporation stocks is 3%. Microsoft Corporation had an annual average earnings growth of 13.9% over the past 10 years. GuruFocus rated Microsoft Corporation the business predictability rank of 4.5-star.

Sold Out: Sycamore Networks, Inc. ( SCMR )

Seth Klarman sold out his holdings in Sycamore Networks, Inc.. His sale prices were between $2.19 and $14.75, with an estimated average price of $5.25. Sycamore Networks Inc., was incorporated under the laws of the State of Delaware on February 17, 1998. Sycamore Networks, Inc. has a market cap of $68.2 million; its shares were traded at around $2.36 with and P/S ratio of 1.2.

Added: Idenix Pharmaceuticals, Inc. ( IDIX )

Seth Klarman added to his holdings in Idenix Pharmaceuticals, Inc. by 72.54%. His purchase prices were between $3.52 and $5.3, with an estimated average price of $4.51. The impact to his portfolio due to this purchase was 1.35%. His holdings were 20,704,700 shares as of 12/31/2012. Idenix Pharmaceuticals, Inc. is a biopharmaceutical company engaged in the discovery and development of drugs for the treatment of human viral diseases with operations in the United States and Europe. Idenix Pharmaceuticals, Inc. has a market cap of $634.7 million; its shares were traded at around $4.75 with and P/S ratio of 7.7.

Added: Viasat Inc ( VSAT )

Seth Klarman added to his holdings in Viasat Inc by 2.33%. His purchase prices were between $35.17 and $40.36, with an estimated average price of $37.9. The impact to his portfolio due to this purchase was 0.31%. His holdings were 11,000,000 shares as of 12/31/2012. Viasat Inc was incorporated in California in 1986 under the name ViaSat, Inc. Viasat Inc has a market cap of $2.1 billion; its shares were traded at around $47.09 with and P/S ratio of 2. Viasat Inc had an annual average earnings growth of 36.8% over the past 10 years.

Added: Idenix Pharmaceuticals, Inc. ( IDIX )

Seth Klarman added to his holdings in Idenix Pharmaceuticals, Inc. by 49.69%. The impact to his portfolio due to this purchase was 1.19%. His holdings were 24,740,200 shares as of 12/31/2012. Idenix Pharmaceuticals, Inc. is a biopharmaceutical company engaged in the discovery and development of drugs for the treatment of human viral diseases with operations in the United States and Europe. Idenix Pharmaceuticals, Inc. has a market cap of $634.7 million; its shares were traded at around $4.75 with and P/S ratio of 7.7.

Reduced: Oracle Corporation ( ORCL )

Seth Klarman reduced to his holdings in Oracle Corporation by 22.64%. His sale prices were between $29.58 and $34.09, with an estimated average price of $31.49. The impact to his portfolio due to this sale was -2.94%. Seth Klarman still held 10,444,085 shares as of 12/31/2012. Oracle Corporation was incorporated in 2005 as a Delaware corporation and is the successor to operations originally begun in June 1977. Oracle Corporation has a market cap of $164.99 billion; its shares were traded at around $34.96 with a P/E ratio of 16.3 and P/S ratio of 4.7. The dividend yield of Oracle Corporation stocks is 0.7%. Oracle Corporation had an annual average earnings growth of 19.9% over the past 10 years. GuruFocus rated Oracle Corporation the business predictability rank of 5-star.

Reduced: Allied Nevada Gold Corp ( ANV )

Seth Klarman reduced to his holdings in Allied Nevada Gold Corp by 43.53%. His sale prices were between $28.96 and $40.71, with an estimated average price of $34.28. The impact to his portfolio due to this sale was -2.66%. Seth Klarman still held 2,853,550 shares as of 12/31/2012. Allied Nevada Gold Corp. was incorporated under the laws of Delaware on September 14, 2006. Allied Nevada Gold Corp has a market cap of $2.08 billion; its shares were traded at around $23.24 with a P/E ratio of 42.6 and P/S ratio of 12.2.

Here is the complete portfolio of Seth Klarman. Also check out:

1. Seth Klarman's Undervalued Stocks
2. Seth Klarman's Top Growth Companies, and
3. Seth Klarman's High Yield stocksAbout GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing

Referenced Stocks: BP , NWS , ORCL , THRX , VSAT

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