is a value investor and portfolio manager of the investment
partnership The Baupost Group. According to his portfolio report
released earlier today, the guru now holds 24 stocks valued at over
The following companies represent
's top five largest holdings in terms of portfolio weight.
Klarman's largest position remains in Viasat where he holds
11,000,000 shares, representing 19.5% of his total portfolio as
well as 24.69% of the company's shares outstanding.
The guru did not alter his holdings in the company during the
second quarter. Klarman has held 11,000,000 shares of Viasat since
fourth quarter 2012. Klarman's holding history as of the second
The company provides fixed and mobile broadband services, satellite
and wireless networks and secure networking systems, products and
Viasat's historical revenue and earnings growth:
Viasat has a market cap of $3.11 billion. Its shares are currently
trading at around $68.31 with a P/S ratio of 2.50 and a P/B ratio
BP PLC (
Klarman's second largest holding is in BP where he holds 19.3% of
his total portfolio. The guru owns 18,597,482 shares of BP,
representing 0.58% of the company's shares outstanding.
During the second quarter Klarman increased his position in the
company by 8.59%. The guru bought a total of 1,470,624 shares in
the price range of $40.23 to $44.07 per share.
BP PLC provides fuel for transportation, energy for heat and light,
lubricants to keep engines moving, and the petrochemicals products
used to make everyday items like plastic bottles.
BP's historical revenue and net income:
The Peter Lynch Chart shows that BP currently appears to be
BP has a market cap of $130.49 billion. Its shares are currently
trading at around $41.34 with a P/E ratio of 5.10, a P/S ratio of
0.30 and a P/B ratio of 1.10. The dividend yield of BP stocks is
Seth Klarman also holds a significant position in Theravance with
15.8% of his total portfolio in the company. The guru holds
16,538,977 shares of Theravance, representing 16.80% of the
company's shares outstanding.
During the second quarter Klarman upped his stake in the company by
22.02%. The guru bought a total of 2,985,177 shares at an estimated
average price of $33.29 per share. The price per share is up 10.6%
from this estimated price.
Klarman's holding history as of the second quarter:
The Company is a biopharmaceutical company with a pipeline of
internally discovered product candidates and strategic
collaborations with pharmaceutical. It is focused on the discovery,
development and commercialization of small molecule medicines
across a number of therapeutic areas including respiratory disease,
bacterial infections and gastrointestinal motility dysfunction.
Theravance's historical revenue and earnings growth:
Theravance has a market cap of $3.98 billion. Its shares are
currently trading at around $37.03 with a P/S ratio of 360.30 and a
P/B ratio of 39.80.
Micron Technology (
The guru's fourth largest holding comes from one of his new buys of
the quarter, Micron Technology. The guru holds 41.5 million shares,
representing 4.06% of the company's shares outstanding and 14.8% of
his total portfolio.
Klarman bought a total of 41.5 million shares of Micron Technology
when the share price averaged $11. The price has since then
increased approximately 32.4%.
The Company is global manufacturer and marketer of semiconductor
devices, principally NAND Flash, DRAM and NOR Flash memory.
Micron Technology's historical revenue and net income:
Micron Technology has a market cap of $15.47 billion. Its shares
are currently trading at around $14.90 with a P/S ratio of 1.80 and
a P/B ratio of 2.10. The company had an annual average earnings
growth of 21.1% over the past 10 years.
GuruFocus rated Micron Technology the business predictability rank
American International Group (
Klarman's fifth largest holding comes from guru-favorite company
American International Group. The guru currently holds 10,120,227
shares, representing 0.69% of the company's shares outstanding and
11.2% of his total portfolio.
During the second quarter Klarman reduced his position by 14.6%.
The guru sold a total of 1,729,973 shares in the price range of
$37.69 to $46.21 per share. The price has dropped 2.6% from the
estimated average price of the second quarter.
AIG is a holding company which, through its subsidiaries, is
engaged in a range of insurance and insurance-related activities in
the U.S. and abroad. The company's four reportable segments are as
follows: General Insurance, Domestic Life Insurance &
Retirement Services, Foreign Life Insurance & Retirement
Services and Financial Services.
AIG's historical revenue and net income:
The Peter Lynch Chart shows that AIG currently appears to be
American International Group has a market cap of $70.92 billion.
Its shares are currently trading at around $48.04 with a P/E ratio
of 10.60, a P/S ratio of 1.10 and a P/B ratio of 0.70.
Check out Seth Klarman's second quarter portfolio here.
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