Latest Transactions of Seth Klarman Q4 2024

Highlights

Biggest Buys

1. Restaurant Brands International (QSR) Klarman dramatically increased his position in Restaurant Brands International by 10,155.53%, adding 2,873,406 shares at an average purchase price of $68 per share. This company owns popular fast-food chains including Burger King, Tim Hortons, Popeyes, and Firehouse Subs. The substantial increase suggests strong confidence in QSR's business model and future growth potential despite ongoing challenges in the restaurant industry.

2. Ferguson Enterprises Inc. (FERG) Klarman initiated a new position in Ferguson, purchasing 1,132,000 shares at an average price of $196 per share. Ferguson is a leading distributor of plumbing and heating products primarily serving the North American market. This new position indicates Klarman's interest in the construction and home improvement sectors, potentially seeing value in Ferguson's strong market position and distribution network.

3. Sunrise Communications CI A (SNRE) Another new addition to Klarman's portfolio was Sunrise Communications, with a purchase of 2,335,263 shares at an average price of $46 per share. Sunrise is a major telecommunications provider offering mobile, internet, TV, and landline services. This investment suggests Klarman sees value in the telecommunications sector, possibly due to the ongoing digital transformation and 5G expansion.

Biggest Sells

1. Fidelity National Information Services (FIS) Klarman completely exited his position in Fidelity National Information Services, selling 971,460 shares at an average price of $85 per share. FIS is a global provider of technology solutions for merchants, banks, and capital market firms. This complete divestiture might indicate concerns about the company's growth prospects or valuation in the evolving fintech landscape.

2. Fortrea Holdings Inc. (FTRE) Klarman also completely sold his position in Fortrea Holdings, liquidating 2,293,167 shares at an average price of $20 per share. Fortrea is a contract research organization focused on clinical development and patient access solutions. This exit could suggest a strategic shift away from certain healthcare services or concerns about Fortrea's competitive position.

3. Jacobs Solutions Inc. (J) The third major exit was from Jacobs Solutions, with Klarman selling all 350,681 shares at an average price of $138 per share. Jacobs provides professional services including consulting, technical, scientific, and project delivery for infrastructure, security, and advanced facilities. This complete sell-off might reflect a reassessment of the engineering and construction sectors.

These transactions highlight Seth Klarman's strategic portfolio adjustments in Q4 2024, with new investments in restaurant, construction, and telecommunications industries and a complete exit from certain technology, healthcare, and engineering positions. As always, Klarman's moves reflect his value-oriented approach, focusing on companies with strong fundamentals and potential for long-term growth despite market volatility.

All Transactions

The information is provided for educational purposes only and does not constitute financial advice or recommendation and should not be considered as such. Do your own research.