Seth Klarman Portfolio Analysis (December 31, 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 5 stocks this superinvestor had as of December 31, 2021.
Klarman manages his investments via his fund, Baupost Group, which holds about $10.1 billion according to the latest available 13F filling. Click here for the latest available 13F filling.
The most notable stocks in Seth Klarman’s Q4 portfolio include Liberty Global Plc, Qorvo Inc, Intel Corp, Viasat Inc and Alphabet Inc. In addition to others mentioned in detail below.
We used the Q4 portfolio of Seth Klarman’s Baupost Group to select his top 5 value stocks. We ranked the securities according to Klarman’s stake value in each holding.
Summary
- Seth Klarman’s top 5 securities make up 47.1% of the entire portfolio.
- Baupost Group owns position in 54 holdings, managing approximately $10.1 billion.
- Liberty Global Plc, Klarman’s largest holding, makes up 15.0% of the total portfolio.
Liberty Global Plc (LBTYA)
Baupost Group’s stake value: $1.5 Billion
Percentage of Baupost Group’s 13F Portfolio: 15.0%
Liberty Global plc does business in Information sector.
As of February 13, 2022 Liberty Global Plc had a market cap of $15.149 Million. Analysts predicted 1 year target price of $39.53 that exceeds the current price of $28.3 for 39.7%. Trailing twelve months P/E ratio is currently 1.37 making it much cheaper stock than the rest of the S&P500 index. Regarding revenue, Liberty Global Plc generated $11980 million revenue in 2020, mildly increasing of 3.8% in contrast to 2019 when it was $11541 million. Net income dropped according to the latest fillings, sinking in 2020 by around -114.1% totalling $-1628.0 million. Lastly, the profit margin, according to the last 10-F stands at -13.6%, has significantly deteriorated in comparison to the company’s previous years of operation.
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.
Qorvo Inc (QRVO)
Baupost Group’s stake value: $929.9 Million
Percentage of Baupost Group’s 13F Portfolio: 9.2%
Qorvo Inc does business in Manufacturing sector and has 8400 employees. Current CEO is Robert Bruggeworth.
As of February 13, 2022 Qorvo Inc had a market cap of $13.797 Million. Analysts predicted 1 year target price of $186.14 that exceeds the current price of $133.97 for 38.9%. Trailing twelve months P/E ratio is currently 12.86 making it a slightly cheaper stock than the rest of the S&P500 index. If we look at revenue, Qorvo Inc generated high $4015 million revenue in 2021 which is a considerable increase of 24.0% compared to 2020 when it was $3239 million. Net income surged according to the latest fillings, jumping in 2021 by around 119.4% adding up to total of $733.611 million. In addition, the net income margin, which in 2021 was 18.3%, shows significant improvement set side by side with last few years.
Qorvo makes a better world possible by providing innovative Radio Frequency (RF) solutions at the center of connectivity. They combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve their customers’ most complex technical challenges.
Intel Corp (INTC)
Baupost Group’s stake value: $928.9 Million
Percentage of Baupost Group’s 13F Portfolio: 9.2%
Intel Corp. does business in Manufacturing sector and has 110600 employees. Current CEO is Robert Swan.
As of February 13, 2022 Intel Corp had a market cap of $193.949 Million. Analysts predicted 1 year target price of $55.53 that exceeds the current price of $48.95 for 13.4%. Trailing twelve months P/E ratio is currently 9.8 making it much cheaper stock than the rest of the S&P500 index. Regarding revenue, Intel Corp generated $79024 million revenue in 2021, mildly increasing of 1.5% in contrast to 2020 when it was $77867 million. Net income was slightly lower than previous year, lowering in 2021 by -4.9% and amounting to $19868.0 million. Moreover, the net profit margin, which is 25.1%, has slipped with the comparison with company’s previous years of operation.
Intel is an industry leade in creating world-changing technology that enables global progress and enriches lives. It continuously work to advance the design and manufacturing of semiconductors to help address our customers’ greatest challenges. By combining 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.
Viasat Inc (VSAT)
Baupost Group’s stake value: $725.5 Million
Percentage of Baupost Group’s 13F Portfolio: 7.2%
Viasat, Inc. does business in Manufacturing sector and has 5800 employees. Current CEO is Mark Dankberg.
As of February 13, 2022 Viasat Inc had a market cap of $3.118 Million. Analysts predicted 1 year target price of $77.5 that exceeds the current price of $41.95 for 84.7%. Trailing twelve months P/E ratio is currently 144.52 making it overly expensive stock than the rest of the S&P500 index. Regarding revenue, Viasat Inc generated $2256 million revenue in 2021 which is a decrease of -2.3% compared to 2020 when it was $2309 million. Net income dropped according to the latest fillings, sinking in 2021 by around -1841.0% totalling $3.691 million.
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.
Alphabet Inc (GOOGL)
Baupost Group’s stake value: $660.4 Million
Percentage of Baupost Group’s 13F Portfolio: 6.5%
Alphabet Inc does business in All Other Telecommunications industry, which is Information sector and has 135301 employees. Current CEO is Sundar Pichai.
As of February 13, 2022 Alphabet Inc had a market cap of $1.774T Million. Analysts predicted 1 year target price of $3454.88 that exceeds the current price of $2772.0 for 24.6%. Trailing twelve months P/E ratio is currently 23.94 making it a slightly cheaper stock than the rest of the S&P500 index. Looking at revenue, Alphabet Inc generated significant amount of revenue, $257637 million in 2021, surging by 41.2% in comparison to 2020 when it was $182527 million. Net income surged according to the latest fillings, jumping in 2021 by around 88.8% adding up to total of $76033.0 million. Further, in 2021, the net profit margin, was at 29.5%, shows an improvement compared the company’s previous years of operation.
Conclusion
To conclude, here is the list of the top 5 holdings and most recent financial indicators of these positions as of February 13, 2022.
| Stock | % of portfolio | Market Cap (USD) | P/E | Net earnings (USDm) | Net earnings y/y | Profit margin |
| Liberty Global Plc (LBTYA) | 15.0% | 15.149B | 1.4 | -1628 | -114.1% | -13.6% |
| Qorvo Inc (QRVO) | 9.2% | 13.797B | 12.9 | 733 | 119.4% | 18.3% |
| Intel Corp (INTC) | 9.2% | 193.949B | 9.8 | 19868 | -4.9% | 25.1% |
| Viasat Inc (VSAT) | 7.2% | 3.118B | 144.5 | 3 | -1841.0% | 0.2% |
| Alphabet Inc (GOOGL) | 6.5% | 1.774T | 23.9 | 76033 | 88.8% | 29.5% |
Canadians can find the above stocks on Questrade.
Other investors can use Interactive Brokers or eToro.
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