Seth Klarman - Baupost Group
As of Q2 2026, Seth Klarman reported 23 long-equity positions worth $5.42B in aggregate.
Copy-investor backtest
- Latest quarter
- +3.22%
- 1-year
- +20.94%
- 3-year
- +48.31%
- 5-year
- +12.01%
- 3-year vs S&P 500
- -25.70%
- 5-year vs S&P 500
- -61.90%
- 5-year top 5
- -0.29%
Return from mechanically copying the disclosed 13F equity portfolio after each filing and rebalancing at the next. The vs S&P 500 figures subtract SPY over that manager's own rebalance dates, so both sides cover the same days; both are price return, excluding dividends. Method & limitations.
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Updated 2026-08-13 from SEC 13F data.
Live quotes available for 23 of 25 rows. Rows without a quote are marked unavailable.
| 1 | AMZN | AMAZON COM INC | 16.48% | Add +20.0% | 3,743,854 | $892.31M | $238.34 | |
| 2 | ELV | ELEVANCE HEALTH INC FORMERLY | 9.11% | - | 1,275,154 | $493.14M | $386.73 | |
| 3 | QSR | RESTAURANT BRANDS INTL INC | 9.04% | Reduce -16.4% | 6,753,112 | $489.61M | $72.50 | |
| 4 | GOOG | ALPHABET INC | 8.95% | Add +16.1% | 1,371,931 | $484.74M | $353.33 | |
| 5 | FERG | FERGUSON ENTERPRISES INC | 6.36% | Add +0.6% | 1,450,594 | $344.27M | $237.33 | |
| 6 | GPC | GENUINE PARTS CO | 6.13% | Add +89.0% | 2,816,178 | $332.25M | $117.98 | |
| 7 | UNP | UNION PAC CORP | 5.95% | Reduce -23.1% | 1,185,395 | $322.43M | $272.00 | |
| 8 | V | VISA INC | 4.44% | - | 701,355 | $240.63M | $343.09 | |
| 9 | WCC | WESCO INTL INC | 4.23% | Reduce -53.9% | 662,881 | $228.98M | $345.43 | |
| 10 | AON | AON PLC | 4.21% | Reduce -10.7% | 687,000 | $227.87M | $331.69 | |
| 11 | TFX | TELEFLEX INCORPORATED | 3.30% | Reduce -11.7% | 1,409,000 | $178.61M | $126.76 | |
| 12 | NCLH | NORWEGIAN CRUISE LINE HLDGS | 3.01% | Add +113.0% | 7,730,000 | $163.18M | $21.11 | |
| 13 | MOH | MOLINA HEALTHCARE INC | 2.68% | - | 633,609 | $144.91M | $228.70 | |
| 14 | CME | CME GROUP INC | 2.52% | New | 619,000 | $136.69M | $220.83 | |
| 15 | HLF | HERBALIFE LTD | 2.25% | - | 9,259,844 | $121.77M | $13.15 | |
| 16 | EXP | EAGLE MATLS INC | 2.21% | Reduce -40.5% | 530,763 | $119.42M | $225.00 | |
| 17 | GDS | GDS HLDGS LTD | 2.09% | Add +23.8% | 3,769,818 | $113.21M | $30.03 | |
| 18 | COLD | AMERICOLD REALTY TRUST INC | 1.98% | Reduce -12.2% | 6,830,230 | $107.37M | $15.72 | |
| 19 | LBTYK | LIBERTY GLOBAL LTD | 1.74% | Reduce -36.2% | 8,543,161 | $93.98M | $11.00 | |
| 20 | AERO | GRUPO AEROMEXICO SAB DE CV | 1.62% | - | 4,880,188 | $87.84M | $18.00 | |
| 21 | AXTA | AXALTA COATING SYS LTD | 0.81% | New | 1,274,356 | $43.61M | $34.22 | |
| 22 | DNOW | DNOW INC | 0.67% | Reduce -23.1% | 2,788,000 | $36.16M | $12.97 | |
| 23 | PS | PERSHING SQUARE INC | 0.24% | New | 392,000 | $12.88M | $32.86 | |
| 25 | WTW | WILLIS TOWERS WATSON PLC LTD | - | Sold | 0 | $0 | No quote | No quote |
| 24 | PCVX | VAXCYTE INC | - | Sold | 0 | $0 | No quote | No quote |