Seth Klarman, one of the top money managers of all time, quadrupled his firm’s stake in Amazon.com in the fourth quarter, one of several big bets on mega-cap tech companies that were made.
Klarman... Seth Klarman, one of the top money managers of all time, quadrupled his firm’s stake in Amazon.com in the fourth quarter, one of several big bets on mega-cap tech companies that were made. Klarman historically has sought out distressed assets, and the big tech companies suffered through a disastrous 2022, particularly Meta, which saw its value drop by nearly two-thirds. Meta’s stock price this year has surged by 49%, and Amazon has gained 19%.The value-focused Klarman typically carries a large cash position, which doesn’t show up on the 13-F reports.
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