Seth Klarman Portfolio Analysis (September 30, 2021)

Famous superinvestor, Seth Klarman, revealed in a recent regulatory filing his newest positions.  In Seth Klarman portfolio 2021 analysis, we will go into more detail about top 10 stocks this superinvestor had as of September 30, 2021.

Klarman manages his investments via his hedge fund, Baupost Group Llc, which holds about $10.9 billion according to the latest available 13F filling.

The most notable stocks in Seth Klarman’s Q3 portfolio include Liberty Global Plc, Intel Corp, Viasat Inc, Qorvo Inc and Alphabet Inc. In addition to others mentioned in detail below.

We used the Q3 portfolio of Seth Klarman’s Baupost Group Llc to select his top 10 value stocks. We ranked the securities according to Klarman’s stake value in each holding.

Summary

• Seth Klarman’s top 10 securities make up about 71.6% of the entire portfolio.
• Baupost Group Llc owns position in 46 holdings with asset under management of $10.9 billion.
• Liberty Global Plc, Klarman’s largest holding, makes up 16.7% of the total portfolio.

Liberty Global Plc (LBTYA)

Baupost Group Llc’s stake value: $1.8 Billion

Percentage of Baupost Group Llc’s 13F Portfolio: 16.7%

Liberty Global plc does business in Cable and Other Subscription Programming industry, which is Information sector and has 2020 employees.

Liberty Global is one of the world’s leading converged video, broadband and communications companies, with operations in seven European countries under the consumer brands Virgin Media, Telenet and UPC, the combined Sunrise UPC, as well as VodafoneZiggo, which is owned through a 50/50 joint venture. Its substantial scale and commitment to innovation enable the company to invest in the infrastructure and digital platforms that empower its customers to make the most of the digital revolution.

Intel Corp (INTC)

Baupost Group Llc’s stake value: $1.1 Billion

Percentage of Baupost Group Llc’s 13F Portfolio: 9.7%

Intel Corp. does business in Semiconductor and Related Device Manufacturing industry, which is Manufacturing sector and has 110600 employees.

Intel , is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore’s Law, it continuously work to advance the design and manufacturing of semiconductors to help address our customers’ greatest challenges. By embedding intelligence in the cloud, network, edge and every kind of computing device, it unleash the potential of data to transform business and society for the better. Current CEO is Robert Swan.

Viasat Inc (VSAT)

Baupost Group Llc’s stake value: $897.0 Million

Percentage of Baupost Group Llc’s 13F Portfolio: 8.2%

Viasat, Inc. does business in Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing industry, which is Manufacturing sector and has 5800 employees.

Viasat is a global communications company that believes everyone and everything in the world can be connected. For more than 30 years, Viasat has helped shape how consumers, businesses, governments and militaries around the world communicate. Today, the Company is developing the ultimate global communications network to power high-quality, secure, affordable, fast connections to impact people’s lives anywhere they are-on the ground, in the air or at sea. Current CEO is Mark Dankberg.

Qorvo Inc (QRVO)

Baupost Group Llc’s stake value: $850.1 Million

Percentage of Baupost Group Llc’s 13F Portfolio: 7.8%

Qorvo Inc does business in Semiconductor and Related Device Manufacturing industry, which is Manufacturing sector and has 8400 employees.

Qorvo makes a better world possible by providing innovative Radio Frequency (RF) solutions at the center of connectivity. We combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve our customers’ most complex technical challenges. Qorvo serves diverse high-growth segments of large global markets, including advanced wireless devices, wired and wireless networks and defense radar and communications. Qorvo also leverages unique competitive strengths to advance 5G networks, cloud computing, the Internet of Things, and other emerging applications that expand the global framework interconnecting people, places and things. Current CEO is Robert Bruggeworth.

Alphabet Inc (GOOGL)

Baupost Group Llc’s stake value: $775.4 Million

Percentage of Baupost Group Llc’s 13F Portfolio: 7.1%

Alphabet Inc does business in All Other Telecommunications industry, which is Information sector and has 135301 employees.

Larry Page and Sergey Brin founded Google in September 1998. Since then, the company has grown to more than 130,000 employees worldwide, with a wide range of popular products and platforms like Search, Maps, Ads, Gmail, Android, Chrome, Google Cloud and YouTube. In October 2015, Alphabet became the parent holding company of Google. Current CEO is Sundar Pichai.

Liberty Media Corp Del (LMACU)

Baupost Group Llc’s stake value: $638.8 Million

Percentage of Baupost Group Llc’s 13F Portfolio: 5.9%

Liberty Media Acquisition Corp does business in  industry, which is sector and has None employees.

Liberty Media Acquisition Corporation (“LMAC”) is a newly incorporated blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. LMAC intends to search for a target in the media, digital media, music, entertainment, communications, telecommunications and technology industries. The sponsor of LMAC, a wholly-owned subsidiary of Liberty Media Corporation, holds a 20% interest in LMAC that is attributed to the Formula One Group.

Facebook Inc (FB)

Baupost Group Llc’s stake value: $525.0 Million

Percentage of Baupost Group Llc’s 13F Portfolio: 4.8%

Meta Platforms Inc does business in Data Processing, Hosting, and Related Services industry, which is Information sector and has 58604 employees.

Founded in 2004, Facebook’s mission is to give people the power to build community and bring the world closer together. People use Facebook’s apps and technologies to connect with friends and family, find communities and grow businesses. Current CEO is Mark Zuckerberg.

Micron Technology Inc (MU)

Baupost Group Llc’s stake value: $508.5 Million

Percentage of Baupost Group Llc’s 13F Portfolio: 4.7%

Micron Technology Inc. does business in Semiconductor and Related Device Manufacturing industry, which is Manufacturing sector and has 2021 employees.

It is an industry leader in innovative memory and storage solutions. Through its global brands – Micron® and Crucial® – its broad portfolio of high-performance memory and storage technologies, including DRAM, NAND, 3D XPoint™ memory, and NOR, is transforming how the world uses information to enrich life for all. Backed by more than 40 years of technology leadership, its memory and storage solutions enable disruptive trends, including artificial intelligence, 5G, machine learning, and autonomous vehicles, in key market segments like mobile, data center, client, consumer, industrial, graphics, automotive, and networking. Current CEO is Sanjay Mehrotra.

Ebay Inc. (EBAY)

Baupost Group Llc’s stake value: $416.8 Million

Percentage of Baupost Group Llc’s 13F Portfolio: 3.8%

EBay Inc. does business in Software Publishers industry, which is Information sector and has 12700 employees.

eBay, Inc. (‘eBay’ or the ‘Company’) today announced its intention to redeem all of its outstanding 6.00% Senior Notes due 2056 (CUSIP No. 278642202) (the ‘Notes’), pursuant to its option under the Indenture, dated as of October 28, 2010 (the ‘Indenture’), by and among the Company, and Wells Fargo Bank, National Association, as trustee (the ‘Trustee’). The redemption date is March 1, 2020 (the ‘Redemption Date’), and the redemption price is equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, on the principal amount of the Notes being redeemed to the Redemption Date, in accordance with the terms of the Notes. As of the date hereof, there was $750,000,000 aggregate principal amount of the Notes outstanding. Payment of the redemption price will be made through the facilities of The Depository Trust Company. Current CEO is James Iannone.

Veritiv Corp (VRTV)

Baupost Group Llc’s stake value: $319.2 Million

Percentage of Baupost Group Llc’s 13F Portfolio: 2.9%

Veritiv Corp does business in Printing and Writing Paper Merchant Wholesalers industry, which is the Wholesale Trade sector and has 6400 employees.

Veritiv Corporation, headquartered in Atlanta and a Fortune 500® company, is a full-service provider of packaging, JanSan and hygiene products, services and solutions. Additionally, Veritiv provides print and publishing products, and logistics and supply chain management solutions. Serving customers in a wide range of industries both in North America and globally, Veritiv has distribution centers throughout the U.S., Canada and Mexico, and team members around the world helping shape the success of its customers. Current CEO is Mary Laschinger.