Baupost Group Exits Alliance One Position

Seth Klarman's investment firm Baupost Group has filed a 13G with the SEC regarding shares of Alliance One International (AOI).  Per the filing, Baupost no longer owns an equity position in the company.

This is down from the 638,364 shares they owned back at the end of the second quarter. The latest filing was made due to activity on October 31st.

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Per Google Finance, Alliance One is "a leaf tobacco merchant. The Company is engaged in purchasing, processing, packing, storing and shipping tobacco to manufacturers of cigarettes and other consumer tobacco products globally. The Company deals primarily in flue-cured, burley, and oriental tobaccos that is used in international brand cigarettes. The Company’s revenues are primarily comprised of sales of processed tobacco and fees charged for processing and related services to these manufacturers of tobacco products. The Company does not manufacture cigarettes or other consumer tobacco products. The Company has classified its business into three segments for reporting purposes: South America segment, Value Added Services segment and Other Regions segment. Value Added Services is comprised of the Company's crushed rolled expanded stem (CRES), cut rag, toasted burley and other specialty products and services."

Seth Klarman Trims Breitburn Energy Partners (BBEP) & Alliance One International (AOI) Positions

Seth Klarman's hedge fund firm Baupost Group recently filed two amended 13G's with the SEC. First, due to portfolio activity on November 30th, Baupost has disclosed a 9.35% ownership stake in Breitburn Energy Partners (BBEP) with 4,983,600 shares. This is a decrease in their position to the tune of 30% (Baupost previously owned 7,160,500 shares as of September 30th).

Second, Klarman has also revealed a very slight reduction in his Alliance One International (AOI) position. Per an amended 13G, Baupost now shows a 10.09% ownership stake in AOI with 8,786,700 shares. Back on September 30th, the hedge fund firm owned 8,800,000 shares.

Baupost continues to trim exposure to stocks and you can see the rest of Baupost's equity positions here. Klarman recently announced that he would be returning some capital to investors, citing lack of opportunities. You can view his market concerns in an interview with Klarman.

Per Google Finance, Breitburn Energy Partners is "an independent oil and gas partnership focused on the acquisition, exploitation and development of oil and gas properties in the United States. The Company’s assets consist of producing and non-producing crude oil and natural gas reserves ."

Alliance One International is "engaged in purchasing, processing, storing, and selling leaf tobacco. The Company purchases tobacco in the United States, Africa, Europe, South America and Asia for sale to customers primarily in the United States, Europe and Asia."

To learn how to invest like this great investor, we point you to Seth Klarman's recommended reading list.