Top 5 Stocks Billionaire Seth Klarman is Selling Off

In this article, we present the list of the top 5 stocks billionaire Seth Klarman is selling off. For our methodology and a more comprehensive list, go directly to Top 10 Stocks Billionaire Seth Klarman is Selling Off.

5. Micron Technology, Inc. (NASDAQ:MU)

Net Amount of Shares Baupost Group Sold in Q4: 3.91 million 

Number of Hedge Fund Holders: 83

Seth Klarman’s Baupost Group sold off 55% of its stake in Micron Technology, Inc. (NASDAQ:MU) during Q4, leaving it with 3.25 million shares valued at $303 million. Micron still ranks as Klarman’s 11^th largest holding and the stock was extremely popular with hedge funds during Q4, as ownership of it surged by 28%.

In its first quarter of fiscal 2022 ended December 2, Micron Technology, Inc. (NASDAQ:MU) grew revenue by 33% year-over-year, including by 38% in its DRAM segment, which accounts for over 70% of the company’s sales. Micron also grew its adjusted earnings per share by over 150% year-over-year to $2.16.

Micron Technology, Inc. (NASDAQ:MU) is confident that it can continue to attain a greater market share in the DRAM space, having raised that figure by four percentage points to 25% during the third quarter of the calendar year 2021. Micron is pointing to 2024 as the year it will begin volume production of its extreme ultraviolet (EUV)-based chips, which the company believes will allow it to sustain a competitive edge over its rivals in the space for years to come.