Billionaires Richard Perry and Seth Klarman Think Alike On American International Group Inc (AIG), Cheniere Energy Inc (LNG), Micron Technology Inc (MU), More

Perry’s position in the shares of Theravance Inc (NASDAQ:THRX) was valued at $63.30 million, as it reported having 4.03 million units of this stock in its latest 13F filing. Theravance Inc (NASDAQ:THRX) is a royalty management company with a primary focus on respiratory assets, which is partnered with GlaxoSmithKline plc (NYSE:GSK). Currently, the shares of the company offer potential investors a very attractive dividend yield of 5.16%. So far, the stock has returned around 27.84% in equity gains year-to-date, while the biopharmaceuticals industry as a whole produced a more “modest” 4.95%. Seth Klarman held 19.82 million shares of Theravance Inc (NASDAQ:THRX), valued at $311.51 million as of the same period.

The last stock we’ll look at today is Micron Technology Inc (NASDAQ:MU), in which Perry Capital initiated a position of 5.73 million shares during the first quarter, equivalent to $155.46 million in value on March 31. This $20.90 billion technology heavyweight operates in the information technology sector, and manufactures semiconductors equipment and related devices. Following the weakening PC demand and negative forecasts on the future industry performance, Micron Technology Inc (NASDAQ:MU) disappointed its investors during the last earnings call on June 25: the shares of the company slid by around 6.9% after missing both the top and bottom line estimates, with the reported EPS being $0.54, short of the $0.57 consensus. Also, the management of the company has updated their guidance on the revenues for its next fiscal quarter and they also fell well short of the consensus of $4.16 billion, at between $3.45-3.70 billion. Baupost Group did not make any changes in its ownership of Micron Technology Inc (NASDAQ:MU) during the first quarter, maintaining its holding of 19.71 million shares valued at $534.63 million.

Disclosure: None