While investors continue chasing artificial-intelligence stocks, value investor Seth Klarman appears to be making a very different bet.
Klarman's Baupost Group increased its position in Genuine Parts Company (NYSE: GPC) by 89% in the second quarter, ending June with 2.82 million shares worth about $332.3 million, according to its latest portfolio disclosure.
A Breakup That Could Unlock Value
Genuine Parts earlier this year announced that it plans to separate its Global Automotive and Global Industrial businesses to increase focus and shareholder value.
Bulls say the two businesses could ultimately be worth more as separate companies than they are under one corporate structure.
#global #million #businesses
Klarman's Baupost Group increased its position in Genuine Parts Company (NYSE: GPC) by 89% in the second quarter, ending June with 2.82 million shares worth about $332.3 million, according to its latest portfolio disclosure.
A Breakup That Could Unlock Value
Genuine Parts earlier this year announced that it plans to separate its Global Automotive and Global Industrial businesses to increase focus and shareholder value.
Bulls say the two businesses could ultimately be worth more as separate companies than they are under one corporate structure.
#global #million #businesses
5 hours ago
