Cheniere Energy, Inc. (LNG), Micron Technology, Inc. (MU), ViaSat, Inc. (VSAT): Seth Klarman’s Free Tips In Value Investing

Moving on to Baupost’s second largest long term holding, ViaSat, Inc. (NASDAQ:VSAT), which has been in Klarman’s portfolio for more than four years. The company’s stake remained unchanged during the fourth quarter at 11.53 million shares valued at $726.93 million, but the stock jumped by 14% during the last three months of 2014. Bob Peck and Andy Raab of Fpr Partners also benefited from this increase in demand of ViaSat, Inc. (NASDAQ:VSAT)’s stock, as their portfolio had some 4.12 million shares valued at $259.43 million at the end of 2014.

Viasat is engaged in the provision of high-speed fixed and mobile broadband services. In its third quarter financial results the company’s EPS of $0.49 beat estimates of $0.21 while revenues of $339.55 million were $14.23 million below the anticipated mark.

Klarman initiated n. The position largely remained unchanged until the fourth quarter of 2014, when

Klarman has radically reduced his stake in Micron Technology, Inc. (NASDAQ:MU) during the fourth quarter by selling around 31.95 million shares, which took the position to 19.71 million shares, valued at $689.91 million. A position in Micron Technology was initiated during the second quarter of 2013 as Baupost purchased some 41.5 million shares valued at $594.7 million. The stock rose by about 176% between the end of June, 2013 and the end of 2014. The holding in Micron Technology, Inc. (NASDAQ:MU) still constitutes about 13.55% of the portfolio value and is Baupost’s third largest holding. Morgan Sze of Azentus Capital Management still thinks there is a lot of juice left in the global provider of semiconductor devices as he increased his fund’s exposure to the company by a staggering 187% during the fourth quarter. The new position comprises of approximately 882,000 shares valued at $30.88 million.

Micron Technology, Inc. (NASDAQ:MU) has suffered a beating of around 14% in the stock market as of late February, when the deal regarding DRAM was announced between Samsung electronics and Apple Inc. (NASDAQ:AAPL). Around  68% of Micron’s revenues come from its DRAM products. As far as the company’s latest financial results are concerned, it delivered an EPS of $0.97 beating estimates by $0.05 and revenues of $4.57 billion which missed estimates by $50 million, in its first fiscal quarter.

Disclosure: none