Seth Klarman increases tech bets in the first quarter. Here are his top holdings
Seth Klarman's Baupost Group doubled down on a handful of tech stocks and made a big bet on a little-known insurance company in the first quarter of 2021. According to SEC filings released Monday, the widely followed investor and CEO of Baupost Group increased his major positions in Intel , Alphabet , Facebook and Qorvo . Klarman's Intel position is now worth nearly $1.5 billion. Baupost Group owns $600 million of Google-parent Alphabet, $382 million of Facebook and $954 million of semiconductor stock Qorvo. Klarman, a value investor who has drawn comparisons to Warren Buffett over the years, also made a $572 million bet on Willis Towers Watson . The insurance company is now 4.6% of the hedge fund. Shares of Willis Towers Watson are up 25% in 2021. Last week, the company, in partnership with Aon, sold a $3.5 billion portfolio of assets to Gallagher. Baupost Group also made large new bets on International Flavors & Fragrance, Nuvation Bio, Cullinan Oncology and Thomas Bravo Advantage. The hedge fund now owns nearly $300 million of International Flavors & Fragrance and $90 million of Nuvation Bio. In the first three months of 2021, Baupost Group also bought shares of Finch Therapeutics Group and SVF Investment Corp. Take a look at Baupost Group's top holdings as of March. 31: Klarman's fund sold shares of Atara Biotherapeutics, eBay, Fidelity National Financial, FNF Group and Fox Corp. in the first quarter. It dissolved positions in Marathon Petroleum and Radius Global Infrastructure in the first three months of 2021. The hedge fund also exited positions in Redball Acquisition Corp., Vesper Healthcare Acquisition, ViacomCBS and Vista Oil & Gas.

Seth Klarman, founder of the Baupost Group. Daniel Acker | Bloomberg | Getty Images