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10 Top Stock Picks of Billionaire Seth Klarman

In this article, we discuss the 10 top stock picks of billionaire Seth Klarman. If you want to read about some stocks in the Klarman portfolio, go directly to 5 Top Stock Picks of Billionaire Seth Klarman.

Seth Klarman of Baupost Group manages an equity portfolio worth more than $6.7 billion at the end of the second quarter of 2022. Klarman has made a name for himself at the stock market through an investing strategy that closely resembles the get-rich-slow stock picking techniques of legendary value investor Warren Buffett. Unlike Buffett, Klarman does not limit himself to value stocks, and has stakes in prominent growth names like Alphabet Inc. (NASDAQ:GOOG), Micron Technology, Inc. (NASDAQ:MU), and Intel Corporation (NASDAQ:INTC). 

As inflation continues to wreak havoc with stocks, Klarman has come under pressure to reduce his exposure to growth names. In a recent interview with Harvard Business School, the famous money manager, whose personal net worth is in excess of $1.5 billion, said that investors needed to learn as much from bear markets as they did during bull markets. Klarman said that investors today faced more uncertainty about macroeconomic forces, market volatility, and how technology was reshaping industries. 

The moves that Klarman has made at the market in recent months, revealed by the latest 13F filings of his hedge fund, illustrate his investing philosophy for a bear market. During the second quarter of 2022, the value of the equity portfolio of Baupost Group decreased by around $2.5 billion. In this period, Klarman made new purchases in just three stocks, sold out of 6, reduced holdings in 23, and made additional purchases in 4 stocks. The top ten holdings comprise over 68% of the overall portfolio. 

Our Methodology

The companies listed below were picked from the investment portfolio of Baupost Group at the end of the second quarter of 2022. In order to provide readers with some context for their investment choices, the business fundamentals and analyst ratings for the stocks are also discussed. Data from around 900 elite hedge funds tracked by Insider Monkey in the second quarter of 2022 was used to identify the number of hedge funds that hold stakes in each firm.

Top Stock Picks of Billionaire Seth Klarman

10. Veritiv Corporation (NYSE:VRTV)

Number of Hedge Fund Holders: 17  

Veritiv Corporation (NYSE:VRTV) operates as a business-to-business provider of value-added packaging products and services. Latest data shows that Baupost Group owned more than 2.5 million shares of Veritiv Corporation (NYSE:VRTV) at the end of the second quarter of 2022 worth over $386 million, representing 5.71% of the portfolio. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Renaissance Technologies is a leading shareholder in Veritiv Corporation (NYSE:VRTV), with 126,700 shares worth more than $13 million.

At the end of the second quarter of 2022, 17 hedge funds in the database of Insider Monkey held stakes worth $443 million in Veritiv Corporation (NYSE:VRTV), compared to 19 in the previous quarter worth $549 million.

Just like Alphabet Inc. (NASDAQ:GOOG), Micron Technology, Inc. (NASDAQ:MU), and Intel Corporation (NASDAQ:INTC), Veritiv Corporation (NYSE:VRTV)  is one of the stocks that hedge funds are monitoring. 

9. Viasat, Inc. (NASDAQ:VSAT)

Number of Hedge Fund Holders: 18    

Viasat, Inc. (NASDAQ:VSAT) provides broadband and communications products and services worldwide. Regulatory filings show that Baupost Group owned more than 16.2 million shares of Viasat, Inc. (NASDAQ:VSAT) at the end of June 2022 worth $498 million, representing 7.37% of the portfolio. 

In late May, investment advisory Raymond James maintained an Outperform rating on Viasat, Inc. (NASDAQ:VSAT) stock and lowered the price target to $51 from $58. Analyst Ric Prentiss issued the ratings update. 

At the end of the second quarter of 2022, 18 hedge funds in the database of Insider Monkey held stakes worth $714 million in Viasat, Inc. (NASDAQ:VSAT), compared to 17 in the previous quarter worth $1.2 billion.

Among the hedge funds being tracked by Insider Monkey, California-based investment firm FPR Partners is a leading shareholder in Viasat, Inc. (NASDAQ:VSAT), with 5 million shares worth more than $157 million.

In its Q2 2022 investor letter, Cove Street Capital, an asset management firm, highlighted a few stocks and Viasat, Inc. (NASDAQ:VSAT) was one of them. Here is what the fund said:

“Viasat, Inc. (NASDAQ:VSAT) seems to be either our biggest winner or loser every quarter – annoyingly. The much-delayed launch of the first of three next generational satellites will be at the end of this summer and that event should end this yo-yo in the stock and put us on a more sustainable path in the eyes of the world. Oh, and we think the defense business alone is worth nearly 2x the current price of the stock.”

8. New Oriental Education and Technology Group Inc. (NYSE:EDU)

Number of Hedge Fund Holders: 22  

New Oriental Education and Technology Group Inc. (NYSE:EDU) provides private educational services. Securities filings reveal that Baupost Group owned 8 million shares of New Oriental Education and Technology Group Inc. (NYSE:EDU) at the end of June 2022 worth $162 million, representing 2.40% of the portfolio. 

On July 29, Bank of America analyst Lucy Yu upgraded New Oriental Education and Technology Group Inc. (NYSE:EDU) to Buy from Neutral and raised the price target of $36.60 from $18.80, saying that the current share price was on par with the new cash of the firm.

At the end of the second quarter of 2022, 22 hedge funds in the database of Insider Monkey held stakes worth $721 million in New Oriental Education and Technology Group Inc. (NYSE:EDU), down from 23 in the preceding quarter worth $260 million. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Alkeon Capital Management is a leading shareholder in New Oriental Education and Technology Group Inc. (NYSE:EDU), with 7 million shares worth more than $145 million.

In its Q3 2021 investor letter, Polen Capital, an asset management firm, highlighted a few stocks and New Oriental Education and Technology Group Inc. (NYSE:EDU) was one of them. Here is what the fund said:

“The quarter’s leading detractors were Chinese companies that were impacted by the CCP’s regulatory crackdown and liquidity concerns at property developer Evergrande. New Oriental Education and Technology Group Inc. (NYSE:EDU)—the largest provider of private educational services in China—moved sharply lower in July after policymakers implemented new rules which effectively turned Chinese tutoring companies into non-profits. Looking at New Oriental Education, we closed our position as soon as government policy became clear and used the proceeds to allocate to existing holdings.”

7. Liberty Global plc (NASDAQ:LBTYA)

Number of Hedge Fund Holders: 28     

Liberty Global plc (NASDAQ:LBTYA) provides broadband internet, video, fixed-line telephony, and mobile communications services. The hedge fund of Seth Klarman entered the second quarter of 2022 with over 48 million shares of Liberty Global plc (NASDAQ:LBTYA) in the portfolio worth more than $1 billion, representing 15.8% of the portfolio. 

On July 14, Deutsche Bank analyst Robert Grindle maintained a Buy rating on Liberty Global plc (NASDAQ:LBTYA) stock and lowered the price target to $32 from $38, noting that a take-private option being considered by the firm would not be surprising. 

At the end of the second quarter of 2022, 28 hedge funds in the database of Insider Monkey held stakes worth $764 million in Liberty Global plc (NASDAQ:LBTYA), compared to 28 the preceding quarter worth $549 million.

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Harris Associates is a leading shareholder in Liberty Global plc (NASDAQ:LBTYA), with 39 million shares worth more than $827 million.

6. Qorvo, Inc. (NASDAQ:QRVO)

Number of Hedge Fund Holders: 30 

Qorvo, Inc. (NASDAQ:QRVO) develops and commercializes technologies and products for wireless, wired, and power markets. According to the latest filings, Baupost Group owned over 6.9 million shares of Qorvo, Inc. (NASDAQ:QRVO) at the end of the second quarter of 2022 worth $657 million, representing 9.70% of the portfolio. 

On September 13, Exane BNP Paribas analyst Karl Ackerman initiated coverage of Qorvo, Inc. (NASDAQ:QRVO) stock with a Neutral rating and a price target of $100, noting that the investor sentiment around the shares remained poor. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Select Equity Group is a leading shareholder in Qorvo, Inc. (NASDAQ:QRVO), with 725,114 shares worth more than $70 billion. 

At the end of the second quarter of 2022, 30 hedge funds in the database of Insider Monkey held stakes worth $1.1 billion in Liberty Global plc (NASDAQ:LBTYA), compared to 33 the preceding quarter worth $1.5 billion.

In addition to Alphabet Inc. (NASDAQ:GOOG), Micron Technology, Inc. (NASDAQ:MU), and Intel Corporation (NASDAQ:INTC), Qorvo, Inc. (NASDAQ:QRVO) is one of the stocks on the radar of elite investors. 

In its Q1 2022 investor letter, Vulcan Value Partners, an asset management firm, highlighted a few stocks and Qorvo, Inc. (NASDAQ:QRVO) was one of them. Here is what the fund said:

“Qorvo, Inc. (NASDAQ:QRVO) is one of the two major providers of radio frequency RF systems which are critical components of mobile devices including smart phones and the Internet of Things (IoT). Two transitory concerns have recently affected the company’s stock price. First, supply chain issues continue to be a constraint. Second, Apple recently announced its decision to decrease production of its iPhone SE model. Neither of these issues threatens their long-term competitive position. Qorvo’s value is stable and despite the recent pressure on the stock price, we feel its long-term prospects are promising.”

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Disclosure. None. 10 Top Stock Picks of Billionaire Seth Klarman is originally published on Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 100+% Return within 12 to 24 months.

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For a ridiculously low price of just $9.99 per month, you can unlock our in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!


No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!