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Focused investors/Seth Klarman

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 2026-06-06 from SEC 13F data.

Live quotes available for 10 of 24 rows. Rows without a quote are marked unavailable.

1BPBP PLC SPONSORED ADR14.22%Add +44.4%13,455,900$545.5M$40.54No quote
2HPQHEWLETT PACKARD CO COM14.08%Add +55.7%26,850,601$539.97M$20.11No quote
3ORCLORACLE CORP COM12.23%New15,800,000$469.26M$29.70No quote
4VSATVIASAT INC COM10.47%Add +1.3%10,638,488$401.82M$37.77No quote
5NWSANEWS CORP CL A8.74%-15,041,665$335.28M$22.29No quote
6THRXTHERAVANCE INC COM8.43%-14,553,800$323.39MNo quoteNo quote
7NWSNEWS CORP CL B6.26%-10,658,335$240.03M$22.52No quote
8MSFTMICROSOFT CORP COM5.58%-7,000,000$214.13M$30.59No quote
9ANVALLIED NEVADA GOLD CORP COM3.74%Add +25.9%5,053,550$143.42MNo quoteNo quote
10IDIXIDENIX PHARMACEUTICALS INC COM2.68%Add +21.2%10,000,000$102.8MNo quoteNo quote
11GNWGENWORTH FINL INC COM CL A2.21%New15,000,000$84.9MNo quoteNo quote
12NGNOVAGOLD RES INC COM NEW2.20%Add +60.0%16,000,000$84.48M$5.28No quote
13ENZNENZON PHARMACEUTICALS INC COM1.61%-9,000,878$61.84MNo quoteNo quote
14AVEOAVEO PHARMACEUTICALS INC COM1.61%-5,084,652$61.83MNo quoteNo quote
15-THERAVANCE INC NOTE 3.000% 1/1CUSIP 88338TAA21.41%-51,000,000$54.25MNo quoteNo quote
16HESHESS CORP COM1.13%New1,000,000$43.45MNo quoteNo quote
17ELOSSYNERON MEDICAL LTD ORD SHS1.08%-4,000,000$41.52MNo quoteNo quote
18AOIALLIANCE ONE INTL INC COM0.79%-8,786,700$30.4MNo quoteNo quote
19CPFCENTRAL PAC FINL CORP COM NEW0.66%-1,800,000$25.42M$14.12No quote
20ITRNITURAN LOCATION AND CONTROL SHS0.48%-1,685,666$18.49M$10.97No quote
21SCMRSYCAMORE NETWORKS INC COM NEW0.20%-530,871$7.71MNo quoteNo quote
22NCQNOVACOPPER INC COM0.17%New3,150,318$6.33MNo quoteNo quote
24MGAMMULTIMEDIA GAMES HLDG CO INC COM-Sold0$0No quoteNo quote
23ALRALERE INC COM-Sold0$0No quoteNo quote