Legendary value investor, hedge fund manager Seth Klarman (Trades, Portfolio) just reported his second quarter portfolio. Seth Klarman (Trades, Portfolio) buys eBay Inc, SunEdison Semiconductor Ltd, Keryx Biopharmaceuticals Inc, Kosmos Energy Ltd, Boyd Gaming Corporation, Triquint Semiconductor, RF Micro Devices Inc, Cheniere Energy Inc, Viasat Inc, Veritiv Corp, Veritiv Corp, sells BP PLC, Theravance Inc during the 3-months ended 06/30/2014, according to the most recent filings of his investment company, The Baupost Group. As of 06/30/2014, The Baupost Group owns 24 stocks with a total value of $6.1 billion. These are the details of the buys and sells.
- New Purchases: EBAY, SEMI, KOS, BYD, VRTV, VRTV,
- Added Positions: KERX, TQNT, RFMD, LNG, VSAT,
- Reduced Positions: THRX,
- Sold Out: BP,
For the details of Seth Klarman (Trades, Portfolio)'s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Seth+Klarman
This is the sector weightings of his portfolio:
| Technology | 42.9% |
| Healthcare | 34% |
| Energy | 8% |
| Consumer Cyclical | 4.1% |
| Basic Materials | 1.6% |
| Consumer Defensive | 0.3% |
These are the top 5 holdings of Seth Klarman (Trades, Portfolio)
1. Micron Technology Inc (MU) - 51,655,434 shares, 27.7% of the total portfolio.
2. Idenix Pharmaceuticals Inc (IDIX) - 53,331,109 shares, 20.7% of the total portfolio.
3. Viasat Inc (VSAT) - 11,533,137 shares, 10.9% of the total portfolio. Shares added by 1.2%
4. Theravance Inc (THRX) - 20,395,056 shares, 9.9% of the total portfolio. Shares reduced by 1.5%
5. Cheniere Energy Inc (LNG) - 5,987,930 shares, 7.0% of the total portfolio. Shares added by 5.79%
New Purchase: eBay Inc (EBAY, Financial)
Seth Klarman (Trades, Portfolio) initiated holdings in eBay Inc. His purchase prices were between $48.25 and $56.04, with an estimated average price of $51.79. The impact to his portfolio due to this purchase was 3.6%. His holdings were 4,436,300 shares as of 06/30/2014.
New Purchase: SunEdison Semiconductor Ltd (SEMI, Financial)
Seth Klarman (Trades, Portfolio) initiated holdings in SunEdison Semiconductor Ltd. His purchase prices were between $15 and $17.76, with an estimated average price of $16.45. The impact to his portfolio due to this purchase was 1.1%. His holdings were 4,145,379 shares as of 06/30/2014.
New Purchase: Kosmos Energy Ltd (KOS, Financial)
Seth Klarman (Trades, Portfolio) initiated holdings in Kosmos Energy Ltd. His purchase prices were between $10.05 and $11.21, with an estimated average price of $10.68. The impact to his portfolio due to this purchase was 0.87%. His holdings were 4,750,000 shares as of 06/30/2014.
New Purchase: Boyd Gaming Corporation (BYD, Financial)
Seth Klarman (Trades, Portfolio) initiated holdings in Boyd Gaming Corporation. His purchase prices were between $10.41 and $13.27, with an estimated average price of $11.57. The impact to his portfolio due to this purchase was 0.55%. His holdings were 2,794,630 shares as of 06/30/2014.
Sold Out: BP PLC (BP, Financial)
Seth Klarman (Trades, Portfolio) sold out his holdings in BP PLC. His sale prices were between $47.45 and $53.07, with an estimated average price of $50.39.
Added: Keryx Biopharmaceuticals Inc (KERX, Financial)
Seth Klarman (Trades, Portfolio) added to his holdings in Keryx Biopharmaceuticals Inc by 67.01%. His purchase prices were between $12.11 and $17.03, with an estimated average price of $14.16. The impact to his portfolio due to this purchase was 1.04%. His holdings were 10,539,986 shares as of 06/30/2014.
Added: Triquint Semiconductor (TQNT, Financial)
Seth Klarman (Trades, Portfolio) added to his holdings in Triquint Semiconductor by 53.74%. His purchase prices were between $12.75 and $16.79, with an estimated average price of $14.8. The impact to his portfolio due to this purchase was 0.52%. His holdings were 5,880,696 shares as of 06/30/2014.
Added: RF Micro Devices Inc (RFMD, Financial)
Seth Klarman (Trades, Portfolio) added to his holdings in RF Micro Devices Inc by 48.2%. His purchase prices were between $7.505 and $10.13, with an estimated average price of $8.87. The impact to his portfolio due to this purchase was 0.49%. His holdings were 9,759,185 shares as of 06/30/2014.
Added: Cheniere Energy Inc (LNG, Financial)
Seth Klarman (Trades, Portfolio) added to his holdings in Cheniere Energy Inc by 5.79%. His purchase prices were between $54.28 and $69.95, with an estimated average price of $60.57. The impact to his portfolio due to this purchase was 0.38%. His holdings were 5,987,930 shares as of 06/30/2014.
Added: Viasat Inc (VSAT, Financial)
Seth Klarman (Trades, Portfolio) added to his holdings in Viasat Inc by 1.2%. His purchase prices were between $53.87 and $70.24, with an estimated average price of $60.44. The impact to his portfolio due to this purchase was 0.13%. His holdings were 11,533,137 shares as of 06/30/2014.
Reduced: Theravance Inc (THRX, Financial)
Seth Klarman (Trades, Portfolio) reduced to his holdings in Theravance Inc by 1.5%. His sale prices were between $21.154 and $30.1, with an estimated average price of $23.88. The impact to his portfolio due to this sale was -0.23%. Seth Klarman (Trades, Portfolio) still held 20,395,056 shares as of 06/30/2014.
