Liberty Global Inc (NASDAQ:LBTYA)
LBTYA takes the second largest position at 17% of the portfolio. Baupost holds 54,555,407 at a value of $1.17 Billion. The stock trades at $22.60 as of Aug 19th, 2020. At the end of this quarter, it had increased its position in Liberty Global by 2%. This stock has seen its ups and downs this year, from a low of $15.80 on Apr 3rd to its current price of $22.60. Looking at its Q2 2020 results, we can confer the following. The UK joint venture with Telefonica is proceeding as expected. This Q2 it had the best result in over two years in terms of customer and broadband additions and it repurchased over $750 million of stock by the end of July. In terms of financials, Q2 revenue declined by 4% year-over-year and was impacted by approximately $110 million in generally low margin COVID-19 related impacts.
In Q3 2015, a total of 70 hedge funds had positions in this stock, but by the end of Q1 2020 Insider Monkey tracked a total of 30 hedge funds holding positions in this stock. A 11% change from the previous quarter (see the detailed chart here). Among the funds tracked by Insider Monkey, Warren Buffet’s Berkshire Hathaway had the largest position in Liberty Global Inc (NASDAQ:LBTYA) at $318.8 Million. This comprised 0.2% of its total 13F portfolio. At second place Route One Investment Company led a position of $139.6 Miilion, which is 4.6% of its 13F portfolio. Insider Monkey shared an article in June 2020, analyzing the bullishness of the heavyweights with regards to Liberty Global Inc (NASDAQ:LBTYA) and explaining what hedge funds have been doing with Liberty Global Inc (NASDAQ:LBTYA).
Fox Corp (NASDAQ:FOX)
Klarman’s stake in Fox Corp is at 27,322,720 shares, comprising 9.14% of the portfolio. The stock price is currently trading at $25.80 as of Aug 19th, 2020. For its 2nd Quarter 2020, the company reported an increase in its quarterly revenue by 5 % at $3.78 Billion, comparing the $3.58 Billion in the prior quarter. Quarterly net income increased to $314 million from the $24 million in the prior year quarter.
At the end of the seocnd quarter 2020, Insider Monkey tracked a total of 20 hedge funds holding positions in this stock. That is a change of 7 from the fourth quarter of 2019.
Viasat Inc (NASDAQ:VSAT)
Klarman owns 13,732,068 shares at a value of $ 526 Million, positioning at 6.57% of the portfolio. Baupost controls more than 23% of Viasat Inc (NASDAQ:VSAT) outstanding shares and has been a long-time investor in this stock. The shares of Viasat Inc lost nearly a third of their value over the last 5 years. Insider Monkey rightly predicted and advised our readers to not follow Klarman into VSAT two years ago in this article. The shares used to trade at $60.25 as of Aug 21, 2015 and now trade at $41.43 as of today Aug 19th, 2015. Hedge fund sentiment towards ViaSat reached its peak in 2019, but hedge funds have been consistently dumping their holdings since then (see the details).
ViacomCBS Inc (NASDAQ:VIAC)
Baupost holds 18,837,585 shares at a value of $439,292, positioned at 5.48% of the portfolio. The stock currently trades at $27.07. In its Q2 2020 results, the company report a decline in revenue of 12% at $6.275 billion. This can be attributed to the impact caused by Covid-19. VIAC shares started the year at $42.09 and dropped to a low of $11.28 on Mar 23rd and currently settling down at $27.07.
At the end of Q4 of 2019, Insider Monkey tracked a total of 64 hedge funds holding position in this stock. That figure plunged to 45 at the end of June.
Disclosure: None. This article is originally published at Insider Monkey.
