Below you find the top 5 value stocks according to Seth Klarman. For a more comprehensive list, please see billionaire Seth Klarman’s top 10 value stocks to buy now.
5. ViacomCBS (NASDAQ: VIAC)
ViacomCBS (NASDAQ: VIAC), which was previously known as CBS Corporation, continues to gain Seth Klarman’s confidence as the broadcasting company plans to aggressively expand its operations. It is the fifth-largest investment of Baupost Group, accounting for 5.70% of the portfolio.
Although the hedge fund has made no change in its position during the September quarter, Baupost Group has significantly added to its position in the past few quarters.
Shares of ViacomCBS soared sharply in the last six months, but its shares are still down 14% year to date. The broadcasting company has generated 85% revenue growth in the latest quarter. The company’s move towards the streaming business helped in enhancing the revenue growth in the latest quarter. ViacomCBS is a good stock to hold because it offers a dividend yield above 2.5%.