Master Achievement

Updated stock buys reported to SEC by September 30, 2009.

Seth Klarman is a value investor and Portfolio Manager of the investment partnership The Baupost Group. Founded in 1983, The Baupost Group now manages $7 billion, and has averaged returns of nearly 20% annually since their inception. Seth Klarman is the author of the book Margin of Safety, which sells for over $1000. Mr. Klarman attended Cornell University where he received a degree in economics, and later attended Harvard University where he earned an M.B.A.  Here are the recent buys:

Enzon Inc. (ENZN), ViaSat Inc. (VSAT)

Investment Guru Jean-Marie Eveillard has passed to the torch of managing the First Eagle Global Fund to his hand-picked portfolio managers Matt Mclennan and Abbay Deshpande.  Here are the most recent buys at First Eagle:

Cincinnati Financial Corp. (CINF), Comcast Corp. Special (CMCSK), FreeportMcMoRan Copper & Gold Inc. (FCX), Omnicom Group Inc. (OMC), Grupo Televisa S.A. Global Depositary (TV).

Hedge fund giant John Paulson made money shorting financials in 2007 and 2008. Now he is buying heavily into the big banks. He also bought a lot of hotels. This is his Q3 portfolio update.

John Paulson buys Citigroup Inc. (C), Varian Inc. (VARI), Cemex S.a.b. De C.v. (CX), Starwood Hotels & Resorts Worldwide Inc. (HOT), The Hartford Financial Services Group In (HIG), Sunstone Hotel Investors Inc. (SHO), Starwood Property Trust Inc. (STWD), Conseco Inc.(CNO), Old National Bancorp (ONB), Felcor Lodging Trust Inc. (FCH), Ashford Hospitality Trust Inc (AHT).

Bruce Berkowitz has more than 40% of his portfolio into healthcare, and he bought more. He thinks that Warren Buffett will put more cash at work during the recession, and he bought more Berkshire. This is the Q3 portfolio update of Fairholme.

Bruce Berkowitz initiated holdings in Cardinal Health Inc. (CAH). His purchase prices were between $24.97 and $35.63, with an estimated average price of $30.86.