Baupost Group Boosts Stake in Horizon Lines (HRZ) To 11.55%
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In a 13G filing on Horizon Lines, Inc. (NYSE: HRZ) Seth Klarman's Baupost Group disclosed an 11.55% stake (3,771,800 shares) in the company. This is up from the 840,000 share stake the firm held at the quarter ended 09/30/07.
Horizon Lines, Inc. is the nation's leading domestic ocean shipping and integrated logistics company comprised of two primary operating subsidiaries.
Baupost Group is a $7+ billion investment group that has returned approximately 20% annually since inception. The fund is run by Seth Klarman since 1983. Klarman is consider a deep value investor.
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