Fascinating online discovery… You can either buy Seth Klarman’s lucid book, “Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor” for around $2,000 plus shipping, or you can download it for free as a pdf file. An amazing writer, billionaire Seth Klarman is founder and president of one of the world’s largest hedge funds, The Baupost Group, a value investing manager. As of March 31, 2013, Klarman sold out three major holdings in gold, insurance and news companies:
Sold Out: Allied Nevada Gold Corp. (ANV, Financial) - Gold
As of March 31, 2013, Seth Klarman sold out his position with ANV, unloading around 2.8 million shares at an average price of $22.1 for a loss of 66.3%. This stock never delivered a gain in seven quarters held by Klarman, only double-digit losses. His worst quarter showed a loss of 81.3% in the third quarter of 2011.
This trade impacts his portfolio by -2.8%.
The current share price is $7.45 compared to past valuations:
Sold Out: Genworth Financial Inc. (GNW, Financial) – Insurance - Diversified
As of March 31, 2013, Seth Klarman sold out his position with GNW, selling 15 million shares at an average price of $9.18 for a gain of 12.7%.
This stock has delivered four quarters of gains for Klarman, starting in the third quarter of 2011 with a gain of 43.2%, his highest gaining quarter.
This trade impacts his portfolio by -3.6%.
The current share price is $10.35 compared to past valuations:
Sold Out: News Corporation (NWSA, Financial) – Media - Diversified
As of March 31, 2013, Seth Klarman sold out his position with NWSA, unloading around 8 million shares at an average price of $28.50 for a gain of 15.2%.
This stock has delivered 12 quarters of gains for Klarman, starting in the third quarter of 2008 with a gain of 136.9%. His highest gaining quarters were the fourth quarter of 2008 for a 282.8% gain and the first quarter of 2009 with a gain of 383.7%.
This trade impacts his portfolio by -6.6%.
The current share price is $32.84 compared to past valuations:
In a recent portfolio update, Guru Seth Klarman of The Baupost Group lists 22 stocks, four of them new, with a total value of $3.1 billion and a quarter-over-quarter turnover of 24%.
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Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.
GuruFocus "Real Time Picks" reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.
GuruFocus’ Score Board of Gurus shows which investors produced the largest average returns in the past 6 and 12 months, as well as on a historical basis.
Sold Out: Allied Nevada Gold Corp. (ANV, Financial) - Gold
As of March 31, 2013, Seth Klarman sold out his position with ANV, unloading around 2.8 million shares at an average price of $22.1 for a loss of 66.3%. This stock never delivered a gain in seven quarters held by Klarman, only double-digit losses. His worst quarter showed a loss of 81.3% in the third quarter of 2011.
This trade impacts his portfolio by -2.8%.
The current share price is $7.45 compared to past valuations:
Sold Out: Genworth Financial Inc. (GNW, Financial) – Insurance - Diversified
As of March 31, 2013, Seth Klarman sold out his position with GNW, selling 15 million shares at an average price of $9.18 for a gain of 12.7%.
This stock has delivered four quarters of gains for Klarman, starting in the third quarter of 2011 with a gain of 43.2%, his highest gaining quarter.
This trade impacts his portfolio by -3.6%.
The current share price is $10.35 compared to past valuations:
Sold Out: News Corporation (NWSA, Financial) – Media - Diversified
As of March 31, 2013, Seth Klarman sold out his position with NWSA, unloading around 8 million shares at an average price of $28.50 for a gain of 15.2%.
This stock has delivered 12 quarters of gains for Klarman, starting in the third quarter of 2008 with a gain of 136.9%. His highest gaining quarters were the fourth quarter of 2008 for a 282.8% gain and the first quarter of 2009 with a gain of 383.7%.
This trade impacts his portfolio by -6.6%.
The current share price is $32.84 compared to past valuations:
In a recent portfolio update, Guru Seth Klarman of The Baupost Group lists 22 stocks, four of them new, with a total value of $3.1 billion and a quarter-over-quarter turnover of 24%.
If you are not yet a Premium Member, we invite you for a 7-day Free Trial.
Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.
GuruFocus "Real Time Picks" reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.
GuruFocus’ Score Board of Gurus shows which investors produced the largest average returns in the past 6 and 12 months, as well as on a historical basis.
