Micron Technology, Inc. (MU), Idenix Pharmaceuticals Inc (IDIX) ViaSat, Inc. (VSAT): Billionaire Seth Klarman’s Top Picks

Founded in 1982, Baupost Group is one of the largest hedge funds in the world and has generated an average annual return of 19% since its inception. The fund’s equity portfolio is mainly invested in technology and health care stocks. Energy companies come in third, accounting for approximately 11% of the portfolio. As of the end of June, 2014, Baupost Group’s equity portfolio is valued at $6.14 billion, up from $4.13 billion at the end of the first quarter. The fund’s manager and one of its founders, Seth Klarman, is also the author of Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor, where he argues in favor of value investing. His net worth is roughly $1.4 billion, according to Forbes.

BAUPOST GROUP

Baupost Group’s top equity position is Micron Technology, Inc. (NASDAQ:MU), a manufacturer and marketer of semiconductor devices. During the second quarter of 2014, Klarman has made no adjustments to the fund’s stake in the company, so Baupost continues to hold 51.6 million shares, which are now valued at approximately $1,7 billion. David Einhorn and his fund, Greenlight Capital, also hold a significant stake in the company, but have chosen to reduce their exposure by 9%. As a result, Greenlight Capital now holds 40.3 million Micron Technology, Inc. (NASDAQ:MU) shares worth in excess of $1,32 billion.

Next up is Idenix Pharmaceuticals Inc (NASDAQ:IDIX), a biopharmaceutical company with operations in the United States and France. Klarman has decided to hold on to all the shares he and Baupost have control over. In its latest 13F filing, the fund reported ownership of 53.3 million shares worth roughly $1.27 billion. Cliff Asness is extremely bullish on  Idenix Pharmaceuticals Inc (NASDAQ:IDIX), having increased his fund’s holding of the stock by 5892% during the quarter. As of June 30, AQR Capital Management owns 3.02 million shares valued at $72.9 million.

Seth Klarman believes it is still a good time to invest in ViaSat, Inc. (NASDAQ:VSAT) and has boosted his fund’s investment in the company by 2% during the second quarter. As a result, Baupost Group now holds 11.5 million shares, which are valued at about $668 million. Charles Clough, on the other hand, is not so optimistic and has chosen to reduce his fund’s exposure to the stock. In its latest 13F filing, Clough Capital Partners has reported ownership of about 737,100 shares, down 16% compared to previous quarter.

Disclosure: none.

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!