Seth Klarman runs one of the world’s largest hedge funds, with a portfolio worth more than $10 billion. The seasoned investor just sent out his yearly letter to investors, laying out his strategy for the coming market turmoil. His fund is “particularly adapted” to investing amid times of change, uncertainty, and unpredictability, according to him. Seth Klarman’s fund looks for long-term value in stocks, taking into account prices and business fundamentals. Willis Towers Watson Public Limited Company and Intel Corporation were among the top value stocks in the portfolio at the end of December 2021. Klarman, while acknowledging in his letter that he believed that rising inflation and the related possibility of higher interest rates was posing a “real danger” to financial markets, also highlighted that Baupost Group had purchased hedges to protect itself from this crisis. The investor went as far as to say that many investors over the past decade or so have piled into speculative holdings that would one day resemble “roach motels”.”
Insider Monkey compiled the 10 value stocks in Seth Klarman’s latest portfolio. Software goods and services are provided by SS&C Technologies Holdings, Inc. With 15.7 million shares worth more than $1.2 billion, Select Equity Group is the largest stakeholder. At the conclusion of the fourth quarter of 2021, Baupost Group had about 3.8 million shares. Cyber security solutions are provided by NortonLifeLock Inc. At the end of the fourth quarter of 2021, Baupost Group had more than 5.7 million shares of the company worth more than $150 million, accounting for 1.48 percent of the portfolio. Veritiv Corporation manufactures and sells packaging. In recent months, hedge funds have begun pouring money into the stock. Twenty hedge funds held positions in Veritiv totaling $511 million at the end of the fourth quarter of 2021. Qorvo, Inc. is a semiconductor manufacturer and distributor. At the end of December 2021, Baupost Group had about 5.9 million shares of the company worth $929 million, accounting for 9.18 percent of the portfolio. Micron Technology is a memory and storage company that manufactures and sells products. The stock’s attitude among hedge funds is overwhelmingly bullish. 83 hedge funds owned $5.5 billion in Micron Technology at the end of the fourth quarter of 2021. For more details, click 10 Value Stocks In Seth Klarman’s Latest Portfolio.
