Top 5 Stocks To Buy Now According To Billionaire Seth Klarman

3. Intel Corporation (NASDAQ:INTC)

The Baupost Group’s Stake Value: $822M

Percentage of The Baupost Group’s 13F Portfolio: 8.84%

Number of Hedge Fund Holdings: 76

Based in Santa Clara, California, Intel Corporation (NASDAQ:INTC) is an American multinational corporation and technology company, which is the world’s largest manufacturer of the semiconductor chip by revenue and is next on Seth Klarman’s list of top 10 stocks to buy now. Intel Corporation (NASDAQ:INTC) has ranked at No.45 in the 2020 Fortune 500 list of the largest American corporations by revenue for nearly a decade.

Seth Klarman’s Baupost Group is the largest stakeholder in Intel Corporation (NASDAQ:INTC) with an ownership of over 16.5 million shares worth $822 million. Comprising 8.84% of the Baupost Group’s 13F portfolio for Q1 2022, Klarman has actually decreased his hold over the stock by 9%, as opposed to the previous quarter where he owned 18 million shares worth over US$928.9 million.

Here is what Baron Funds, an asset management firm, has to say about Intel Corporation (NASDAQ:INTC) in its Q1 2022 investor letter:

“Intel’s (NASDAQ:INTC) capital spending process is guided by a process they appropriately named “copy exactly.” This means that they attempt to “copy exactly” what they have already built and attempt to improve tried and true processes iteratively.”

According to calculations by Insider Monkey, Intel Corporation (NASDAQ:INTC) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Intel Corporation (NASDAQ:INTC) was in 76 hedge fund portfolios at the end of the first quarter of 2022, compared to 72 funds in the previous quarter, marking a marginal increase in investor interest. However, they have delivered a -13.44% return in the past 3 months.