Top 5 Stock Picks of Legendary Value Investor Seth Klarman

Percentage of Baupost Group’s 13F Portfolio: 7.16%

Baupost Group’s Stake Value: $725.5 million

Then there’s ViaSat, Inc. (NASDAQ:VSAT), a California-based communications firm which offers services such as satellite-based broadband internet. Billionaire Seth Klarman owned a $725 million stake in ViaSat, Inc. (NASDAQ:VSAT) during the fourth quarter, comprising of 16.28 million shares representing 7.16% of his overall portfolio. This made Baupost Group the largest shareholder of the firm in Q4 2021.

In April, ViaSat, Inc. (NASDAQ:VSAT) was awarded a validation by regulatory authorities in China for its in-flight connectivity system to be used by the Airbus A320 series of jets. ViaSat, Inc. (NASDAQ:VSAT) has also recently partnered up with Slovakia to provide Ukrainian refugees in Eastern Europe access to free high-speed internet using the firm’s satellite-enabled Community Internet system.

ViaSat, Inc. (NASDAQ:VSAT) posted an EPS of $0.33 in the fourth quarter, outperforming estimates by $0.11. The firm recorded quarterly revenue of $719.72 million by end of December, surpassing analysts’ forecasts by $4.68 million and growing 25.05% year-on-year.

Investors were keen on ViaSat, Inc. (NASDAQ:VSAT) in the fourth quarter of 2021, as 21 hedge funds held $1.03 billion worth of positions in the company. This shows a positive trend from the preceding quarter where 18 hedge funds held stakes in the communications firm.