3 Interesting Stocks in Seth Klarman’s 2022 Portfolio

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1. Veritiv Corporation (NYSE:VRTV)

Percentage of Baupost Group’s 13F portfolio: 5.11%

Value of Baupost Group’s Stake: $476.17 million

Number of Hedge Fund Holders: 19

Veritiv Corporation (NYSE:VRTV) is an Atlanta-based B2B provider of packaging, publishing and hygiene products, with approximately 125 distribution centers spread across the United States, Mexico and Canada. Seth Klarman, according to his Q1 portfolio, owned a $476 million stake in Veritiv Corporation (NYSE:VRTV) consisting of 3.56 million shares.

As of June 13, Veritiv Corporation (NYSE:VRTV) has seen its shares climb 115.26% in the last 12 months, and 7.76% in the year so far. The firm enjoys strong pricing power for its products/services, and looks set to grow its revenue given its dominant position in the product packaging industry.

For the quarter ending March, Veritiv Corporation’s (NYSE:VRTV) revenue was recorded at $1.86 billion, up 19.16% from the year-ago quarter and above analysts’ forecasts by $86.7 million.

Out of all the hedge funds tracked by Insider Monkey, 19 reported bullish bets on Veritiv Corporation (NYSE:VRTV) at the end of the first quarter, with aggregate positions worth $549.6 million. This is in comparison to 20 hedge funds a quarter earlier with $511.7 million worth of stakes in the company.

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