Seth Klarman Sees Value In Oil, Semiconductor Companies

Seth Klarman, the billionaire value investor, has amassed large stakes in Bellatrix Exploration Ltd BXE and Sunedison Semiconductor Ltd SEMI, according to GuruFocus.

Klarman amounted an 11.4 percent stake in Bellatrix Exploration and a 9.99 percent stake in Sunedison Semiconductor in his Baupost Group fund. The fund returned 8 percent last year, its sixth consecutive year of gains.

Just this year, Bellatrix Exploration has fallen 39 percent – from $3.60 to close at $2.22 on Tuesday. The stock is indicated 6.3 percent higher in premarket trading. Over the past 52 weeks, Bellatrix is down by 70 percent.

Sunedison has performed much better, rising 7.2 percent this year and nearly 33 percent since the company IPO’d in May 2014. Sunedison has experienced a volatile start to the year hitting a low of $14.60 on January 13 before gaining to close Tuesday at $19.91.