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.
04. Verint Systems Inc. (NASDAQ:VRNT)
Baupost Group’s Stake Value: $8.450 million
Percentage of Baupost Group’s 13F Portfolio: 0.12%
Number of Hedge Fund Holders as of Q1 2022: 24
Percentage Decline in Stake: 91%
Verint Systems Inc. (NASDAQ:VRNT) was incorporated in 1994 and is headquartered in Melville, New York. It provides customer engagement solutions worldwide. It offers various applications for use in forecasting and scheduling.
Klarman’s Baupost Group reduced its stake by 91% in Q2 after selling 2.008 million of its shares of Verint Systems Inc. (NASDAQ:VRNT).
03. SVF Investment Corp. (NASDAQ:SVFA)
Baupost Group’s Stake Value: $0
Percentage of Baupost Group’s 13F Portfolio: 0%
Number of Hedge Fund Holders as of Q1 2022: 50
Percentage Decline in Stake: 100%
SVF Investment Corp. (NASDAQ:SVFA)’s main goal is to combine one or more businesses through a merger, share exchange, asset acquisition, share purchase, reorganisation, or any similar corporate combination. The business was established in 2020 and has its headquarters in San Carlos, California.
Seth Klarman unloaded his entire position in SVF Investment Corp. (NASDAQ:SVFA) during Q2.
02. Post Holdings, Inc. (NYSE:POST)
Baupost Group’s Stake Value: $0
Percentage of Baupost Group’s 13F Portfolio: 0%
Number of Hedge Fund Holders as of Q1 2022: 36
Percentage Decline in Stake: 100%
Post Holdings, Inc. (NYSE:POST) was founded in 1895 and is headquartered in Saint Louis, Missouri. It operates as a consumer packaged goods holding company in the United States and internationally.
Klarman also dumped his entire stake in Post Holdings, Inc. (NYSE:POST) during Q2, closing the position he opened just a quarter ago.
01. Joby Aviation, Inc. (NYSE:JOBY)
Baupost Group’s Stake Value: $0 million
Percentage of Baupost Group’s 13F Portfolio: 0%
Number of Hedge Fund Holders as of Q1 2022: 30
Percentage Decline in Stake: 100%
Closing out the list is Joby Aviation, Inc. (NYSE:JOBY), which is another of Seth Klarman’s holdings that he sold off during Q2, in this case just three quarters after initiating the position.
Joby Aviation, Inc. (NYSE:JOBY) was founded in 2009 and is headquartered in Santa Cruz, California. It specializes in vertically integrating the air mobility industry, and constructing electric vertical takeoff and landing aircraft designed to provide air transportation as a service. It plans to develop an aerial ridesharing business.
You can also take a look at 10 Technology Stocks Hedge Funds Are Talking About and 10 Undervalued Dividend Kings To Buy In 2022.
