In this article we discuss the 5 best stocks to invest in right now according to Seth Klarman. If you want to read our detailed analysis of Seth Klarman‘s history, and hedge fund performance, go directly to the 10 Best Stocks to Invest In Right Now According to Seth Klarman.
5. Viasat, Inc. (NASDAQ: VSAT)
Klarman’s Stake Value: $783,010,000
Percentage of Seth Klarman’s 13F Portfolio: 6.23%
Number of Hedge Fund Holders: 26
Viasat, Inc. (NASDAQ: VSAT) is a broadband and communications products and services supplier worldwide. The company ranks 4th in 10 best stocks to invest in right now according to Seth Klarman.
Longleaf Partners Small-Cap Fund, in its Q4 2020 investor letter, mentioned Viasat, Inc. (NASDAQ: VSAT). Here is what Longleaf Partners Small-Cap Fund has to say about Viasat, Inc. in its letter:
“ViaSat (-50%, -2.29%; –, –), the satellite communications company, was also a top detractor this year. We exited our position in September at a moderate loss, but a longer-term opportunity cost after six years of ownership. Over the course of our holding, ViaSat shrunk its residential subscriber churn and raised prices, as we had originally believed they would. Its government business grew revenues and profits strongly, and ViaSat Inflight signed up over 2000 airplanes. But the company will not produce positive FCF for several more years due to the ongoing investment demands of its next-gen satellites and other capital allocation decisions. Hard to quantify threats from new entrants have emerged from the likes of a still questionable but now well-funded SpaceX and a farther-off Amazon constellation. We have also disagreed with management on certain items over our holding period. There is a wide range of outcomes from here for the business, but we felt we could deploy the capital elsewhere with less risk.”
4. Qorvo, Inc. (NASDAQ: QRVO)
Klarman’s Stake Value: $954,510,000
Percentage of Seth Klarman’s 13F Portfolio: 7.6%
Number of Hedge Fund Holders: 41
Qorvo, Inc. (NASDAQ: QRVO) is a technology company specializing in the development and sale of technologies and products for wired and wireless connectivity.
Qorvo, Inc. (NASDAQ: QRVO) recently announced the acquisition of California-based NextInput, which offers force-sensing solutions for human-machine interface (HMI). The acquisition is in line with its strategy to expand its technology portfolio and accelerate the deployment of force-sensing solutions using MEMS-based sensors.
Qorvo, Inc. (NASDAQ: QRVO) reported a 36% growth in sales in Q4 2020 to $1.07 billion while EPS was $2.74 and beat projections by $0.31. There was a 46% improvement in margin to 52.6% from 49.6% in Q4 2019. Barclays has upgraded the stock to “Overweight” from “Equalweight,” raising the price target to $210 from $200.
3. eBay Inc. (NASDAQ: EBAY)
Klarman’s Stake Value: $1,122,188,000
Percentage of Seth Klarman’s 13F Portfolio: 8.93%
Number of Hedge Fund Holders: 51
eBay Inc. (NASDAQ: EBAY) is a global e-commerce platform that connects buyers and sellers worldwide. Like Alphabet Inc. (NASDAQ: GOOG), Facebook, Inc. (NASDAQ: FB), and Intel Corporation (NASDAQ: INTC), eBay is one of the best stocks in Baupost’s portfolio.
The e-commerce giant recently announced that it would be expanding its policy to start allowing the listing of non-fungible tokens. eBay Inc. (NASDAQ: EBAY) says due diligence will be done to ensure that only NFTs from trusted sellers are listed on the platform and will various categories of NFTs like art, entertainment, music, and trading cards.
2. Liberty Global plc (NASDAQ: LBTYA)
Klarman’s Stake Value: $1,393,345,000
Percentage of Seth Klarman’s 13F Portfolio: 11.09%
Number of Hedge Fund Holders: 35
Liberty Global plc (NASDAQ: LBTYA) offers fixed-line telephony, video, broadband internet, and mobile communications services to business and residential customers. Liberty ranks second in 10 best stocks to invest in right now according to Seth Klarman
Telenet, a subsidiary and operator of Liberty Global in Belgium, has announced that it has selected Google Cloud, Nokia, and Ericsson as partners in its journey to launch its 5G network. 5G network is expected to offer improved stability, greater capacity and allow consumers access to innovative applications.
Liberty Global plc (NASDAQ: LBTYA) recently reported a 25.7% increase in revenue in Q1 2021 to $3,615.3 million compared to a similar period in 2020. During the quarter, the company’s net earnings amounted to $1,440.3 million, representing a 41.5% increase.
1. Intel Corporation (NASDAQ: INTC)
Klarman’s Stake Value: $1,491,541,000
Percentage of Seth Klarman’s 13F Portfolio: 11.87%
Number of Hedge Fund Holders: 83
Intel Corporation (NASDAQ: INTC) is a global tech company that designs, produces, and sells essential technologies for smart, cloud, and connected devices for consumer, retail, and industrial users.
Alger Spectra Fund, in their Q1 2021 investor letter, mentioned Intel Corporation (NASDAQ: INTC). Here is what the fund said:
“Short exposure to Intel also detracted from performance. Intel designs and manufactures semiconductors for the computing and communications industries. Intel’s proprietary intellectual strength and manufacturing prowess versus the competition is deteriorating, which is causing the company to lose market share and profit opportunities. The short position detracted from portfolio returns as the share price reacted positively to the announcement of Pat Gelsinger being hired as chief executive officer, a stronger-than-anticipated quarterly earnings report driven by unusually robust PC sales that we believe are unsustainable and the unveiling of “Intel Unleashed,” a new long-term program to help improve manufacturing and spur innovation. This program involves opening two fabrication plants in Arizona, which confirms Intel’s commitment to continue as an integrated design manufacturer. Importantly, Intel continues to experience issues with its next generation server chips which are disadvantaging Intel versus the competition.”
You can also take a peek at 10 Cheap Stocks To Invest In (February 2021) and Top 10 Stocks to Invest in For Beginner Investors.
