Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Klarman hasn't"


3 mentions found


Baupost's Seth Klarman found a slew of buying opportunities in the first quarter, including a handful of artificial intelligence-linked stocks, according to a new regulatory filing. The noted hedge fund investor added a sizable stake in web recommendation platform Outbrain last quarter, building a bet worth more than $100 million and making it his ninth largest position. Klarman also took a small bet in Soundhound AI , a voice AI and speech recognition company. And just like Buffett, Klarman has increased his exposure to the tech sector in recent years to take advantage of its explosive growth. In this case, Klarman significantly increased exposure to the group after prices got a lot cheaper.
Persons: Baupost's Seth Klarman, Klarman, Warren Buffett, Buffett, Klarman hasn't Organizations: GDS Holdings, CNBC Locations: China
Baupost Group's Seth Klarman picked up a few stocks last quarter during the market rally, including tech giant Amazon and discount retailer Dollar General . The billionaire hedge fund manager bought $125 million worth of Amazon shares in the second quarter when the e-commerce juggernaut rallied more than 26%. Klarman has traded in and out of Amazon in the past year. He also bought $41 million worth of Dollar General , as well as $36 million of Union Pacific shares last quarter. Shares of the retailer fell nearly 20% in the second quarter as it slashed its full year outlook after missing Wall Street's estimates for quarterly earnings.
Persons: Baupost, Seth Klarman, Klarman, Warren Buffett, Benjamin Graham's, Klarman hasn't Organizations: Union Pacific, Oracle, Boston, Liberty Global, ViaSat, Liberty Media, CNBC Locations: Union, Baupost
Baupost Group's Seth Klarman, nicknamed "the Oracle of Boston," is revered in value investing circles for his disciplined investment philosophy, maybe because his style has stood the test of time. The billionaire hedge fund manager has been an almost religious follower of Benjamin Graham's investing style, buying out-of-favor and undervalued assets to ensure a margin of safety. Klarman has drawn comparisons to Warren Buffett — Buffett being a student of Graham's at Columbia University — for his patient, disciplined investment style. The 66-year-old Harvard and Cornell grad published his investment book, "Margin of Safety," in 1991. The hedge fund manager posted a mid-single digit decline last year, beating the S & P 500 which fell nearly 20%, the Financial Times reported.
Persons: Baupost, Seth Klarman, Benjamin Graham's, Klarman, Warren Buffett — Buffett, Columbia University —, Benjamin Graham, David Dodd, Klarman hasn't Organizations: Oracle, Boston, Columbia University, Harvard, Cornell grad, CNBC, Financial Times Locations: Baupost
Total: 3