A Surprising Bet on Tech Giant
It's that time of year again when investment professionals file their quarterly 13F filings and reveal any investment activity during the prior quarter. As a value guy, one of my favorite 13F filings to peruse is from Baupost Group, the firm headed by the exceptionally talented Seth Klarman. I have gotten a lot of great ideas from Baupost's 13F filings over the years, so I continue to watch Baupost's moves very closely. With a nearly 30-year track record of 20% annualized returns, Baupost boasts one of the best long-term performance histories in the business.
Fort the past several quarters, Baupost's 13F filings have shown little, if any, investment activity. News Corp. <TICKER TYPE="EQUITY" SYMBOL="NWSA" EXCHANGE="Nasdaq" PRIMARY="NO"/> remains the firm's top equity position and has been so for quite some time now as Klarman used the financial crisis to scoop up shares when its stock was trading in the single digits. Aside from that, Baupost was sitting still on the equity front; instead, Klarman was buying inexpensive insurance like bets on interest rates going up....348 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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