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