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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Buys
These are the positions the manager opened or added to this quarter, showing where they put more money to work. The quarter shown is Q2 2026.
| Ticker | Security | Activity | % portfolio | Shares | Value | Reported price | Q range |
|---|---|---|---|---|---|---|---|
| GPC | GENUINE PARTS CO | Add +89.0% | 6.13% | 2,816,178 | $332.25M | $117.98 | $90.78 - $118.33(99%)$105.18 -> $117.98 |
| AMZN | AMAZON COM INC | Add +20.0% | 16.48% | 3,743,854 | $892.31M | $238.34 | $204.90 - $278.56(45%)$210.57 -> $238.72 |
| CME | CME GROUP INC | New | 2.52% | 619,000 | $136.69M | $220.83 | $218.33 - $312.68(3%)$296.94 -> $220.83 |
| NCLH | NORWEGIAN CRUISE LINE HLDGS | Add +113.0% | 3.01% | 7,730,000 | $163.18M | $21.11 | $14.53 - $22.22(86%)$19.38 -> $21.11 |
| GOOG | ALPHABET INC | Add +16.1% | 8.95% | 1,371,931 | $484.74M | $353.33 | $287.57 - $404.47(56%)$294.90 -> $353.33 |
| AXTA | AXALTA COATING SYS LTD | New | 0.81% | 1,274,356 | $43.61M | $34.22 | $26.07 - $35.43(87%)$27.66 -> $34.21 |
| PS | PERSHING SQUARE INC | New | 0.24% | 392,000 | $12.88M | $32.86 | $29.38 - $43.77(24%)$41.17 -> $32.86 |
| GDS | GDS HLDGS LTD | Add +23.8% | 2.09% | 3,769,818 | $113.21M | $30.03 | $28.45 - $46.84(9%)$41.66 -> $30.03 |
| FERG | FERGUSON ENTERPRISES INC | Add +0.6% | 6.36% | 1,450,594 | $344.27M | $237.33 | $214.44 - $268.95(42%)$239.06 -> $237.40 |