Hedge Fund - Baupost Group

You won't be surprised to find that there aren't that many hedge fund billionaires, out of the more than 8,000 funds in existence.

Prominent hedge fund managers criticized President Obama's decision not nominate Larry Summers to be chairman of the Federal Reserve.

Baupost Group, a hedge fund managed by Seth Klarman, is planning to return investors some of their money by the end of the year.

In mid August, the Baupost Group filed its 13F for the second quarter of 2013, disclosing many of its long equity positions as of the end of June.

Editor's Note: Related tickers: Apple Inc. (NASDAQ:AAPL), Cisco Systems, Inc. (NASDAQ:CSCO), Dell Inc. (NASDAQ:DELL), Goldman Sachs Group, Inc.

For about a year, oil major BP plc (ADR) (NYSE:BP) has been the largest position in the Baupost Group’s portfolio, according to 13Fs filed with the SEC (we track 13Fs as part of our work developing...

Editor's Note: Related tickers: JPMorgan Chase & Co. (NYSE:JPM), Hess Corp. (NYSE:HES), Goldman Sachs Group, Inc. (NYSE:GS), BlackRock, Inc. (NYSE:BLK), Berkshire Hathaway Inc.

ViaSat, Inc. (NASDAQ:VSAT). is a communications infrastructure, equipment, and services company that was added to Baupost Group’s holdings, indicated by their last 13-D filing.

By using data from hedge funds’ 13F filings, we have found that on average the most popular small cap stocks among hedge funds beat the market by 18 percentage points per year.