Value Investor Seth Klarman is Selling These 5 Stocks

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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 Value Investor Seth Klarman is Selling Intel and 11 Other Stocks.

05. Nexstar Media Group, Inc. (NASDAQ:NXST)

Baupost Group’s Stake Value: $45.250 million

Percentage of Baupost Group’s 13F Portfolio: 0.66%

Number of Hedge Fund Holders as of Q1 2022: 39

Percentage Decline in Stake: 76%

Nexstar Media Group, Inc. (NASDAQ:NXST) was founded in 1996 and is headquartered in Irving, Texas. Being a television broadcasting and digital media company, it focuses on the acquisition, development, and operation of television stations and interactive community websites, and digital media services in the United States.

According to Insider Monkey’s data, Nexstar Media Group, Inc. (NASDAQ:NXST) was part of 39 hedge fund portfolios at the end of Q1 2022, compared to 41 funds in the preceding quarter. Seth Klarman’s Baupost Group in Q2 sold 76% of its shares in the company.

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