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Today we will be going over an article writen by Usman Kabir and featuring Seth Klarman, the CEO of Baupost Group, is a value investor known for his 13F equity portfolio worth over $5.4 billion at the end of Q3 2022. The value of the portfolio decreased by about $1 billion between Q2 and Q3 2022, during which the fund made new purchases in four stocks, additional purchases in seven, sold out of eleven stocks, and reduced holdings in eight stocks.
The top ten holdings of the fund comprise over 70% of the entire portfolio. In this article, a list of 11 cheap value stocks to buy according to Klarman is presented. These stocks have a price-to-earnings ratio of less than 20 and are priced around $100 per share or less. The hedge fund sentiment around each stock was calculated using the data of around 900 hedge funds tracked by Insider Monkey in Q3 2022.
The stocks are: Outbrain Inc., Cullinan Oncology, Inc., Veritiv Corporation, VBI Vaccines Inc., PBF Energy Inc., TransDigm Group Inc., The Trade Desk Inc., The Providence Service Corporation, The ONE Group Hospitality Inc., The New York Times Company, and Syneos Health Inc.
- Outbrain Inc. operates an online content recommendation platform and announced a new $30 million stock buyback program on December 15. The company is a top stock in Klarman’s portfolio, with Baupost Group owning 792,000 shares worth $2.9 million.
- Cullinan Oncology, Inc. is a biopharmaceutical company focusing on developing targeted oncology and immuno-oncology therapies for cancer patients in the US. Baupost Group owned 6429,646 shares worth $5.5 million in the company as of Q3 2022.
- Veritiv Corporation is a North American business-to-business distributor of packaging, facility solutions, print and publishing products and services. Baupost Group owned 546,606 shares worth $78.8 million in the company as of Q3 2022.
- VBI Vaccines Inc. is a biotechnology company focused on the development of prophylactic and therapeutic vaccines to address unmet needs in infectious disease and oncology. Baupost Group owned 7.9 million shares worth $20.6 million in the company as of Q3 2022.
- PBF Energy Inc. is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products. Baupost Group owned 2.6 million shares worth $96.8 million in the company as of Q3 2022.
- TransDigm Group Inc. is a global designer, producer, and supplier of engineered aircraft components for commercial, military, and regional aircrafts. Baupost Group owned 1.6 million shares worth $488.4 million in the company as of Q3 2022.
- The Trade Desk Inc. is a technology company that provides a self-service omnichannel software platform for advertising buyers. Baupost Group owned 1.4 million shares worth $417.4 million in the company as of Q3 2022.
- The Providence Service Corporation is a provider of healthcare and workforce development services. Baupost Group owned 1.4 million shares worth $92.7 million in the company as of Q3 2022.
- The ONE Group Hospitality Inc. is a luxury hospitality company that develops and operates hotels, restaurants, and lounges. Baupost Group owned 3.9 million shares worth $49.5 million in the company as of Q3 2022.
- The New York Times Company is a global media organization focused on creating, collecting, and distributing news and information. Baupost Group owned 78,200 shares worth $1.7 million in the company as of Q3 2022.
- Syneos Health Inc. is a biopharmaceutical solutions organization that offers clinical development and commercialization services. Baupost Group owned 1.2 million shares worth $89.7 million in the company as of Q3 2022.
Please check out the full article on: https://links.peterhuynh.xyz/BjDk