In the fourth quarter of 2021, billionaire hedge fund manager Seth Klarman will be selling off the most popular stocks. Recent stock picks showed Micron Technology, eBay Inc. and PG&E Corporation to be three of the most frequently overlooked investments. Baupost Group is the Boston-based hedge fund founded and managed by Klarman. The Covid-19 pandemic, he believes, is a good fit for his value investing approach. According to Klarman, some of the characteristics typically associated with growth stocks can be found in good value stocks. By 2020, Baupost invested $1.6 billion to fill in funding gaps in private equity and real estate projects that had been affected by the flu pandemic.
Insider Monkey highlights the top 10 stocks billionaire Seth Klarman is selling off. Since November 4, Dropbox, Inc. shares have fallen 27%. Growth of 13 percent was achieved in the first three quarters of 2021. More than half a billion dollars in free cash flow was generated by Dropbox last year. All of Seth Klarman’s IFF holdings were sold in the fourth quarter of 2013. There are a number of other hedge funds that are doing the same. Analysts believe that IFF stock is still undervalued in comparison to its competitors. The Klarman Baupost Group sold 9% of its Intel stock during the fourth quarter. In 2021, hedge funds reduced their stake in the chipmaker by 13%. A $1 trillion semiconductor market could exist by 2030, according to the company. As part of its eVTOL program, Vertical Aerospace Ltd. is developing an electric vertical takeoff and landing aircraft. It’s a $1.55 billion company in an exciting field, but it has no marketable product. Another SPAC on the lookout for acquisition or merger opportunities is Horizon Acquisition II Corp. Klarman, as opposed to Broadstone, sold his 3.5 million shares in HZON before the company found a way to combine with another company. For more details, click Top 10 Stocks Billionaire Seth Klarman Is Selling Off.
