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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 9 of 25 rows. Rows without a quote are marked unavailable.

1BPBP PLC SPONSORED ADR23.33%Add +56.7%17,126,858$725.32M$42.35No quote
2VSATVIASAT INC COM17.14%-11,000,000$532.84M$48.44No quote
3AIGAMERICAN INTL GROUP INC COM NEW14.80%Add +69.3%11,850,200$460.03M$38.82No quote
4THRXTHERAVANCE INC COM10.30%-13,553,800$320.14MNo quoteNo quote
5ROVIROVI CORP COM5.62%Add +97.3%8,160,000$174.71MNo quoteNo quote
6NWSNEWS CORP CL B4.00%Reduce -68.9%4,047,412$124.5M$30.76No quote
7ORCLORACLE CORP COM3.52%Reduce -67.6%3,386,890$109.5M$32.33No quote
8ELNELAN PLC ADR3.46%New9,126,227$107.69MNo quoteNo quote
9IDIXIDENIX PHARMACEUTICALS INC COM2.97%Add +25.8%26,042,000$92.19MNo quoteNo quote
10NGNOVAGOLD RES INC COM NEW2.53%-21,688,300$78.73M$3.63No quote
11-THERAVANCE INC NOTE 3.000% 1/1CUSIP 88338TAA21.94%-51,000,000$60.44MNo quoteNo quote
12MSFTMICROSOFT CORP COM1.84%-2,000,000$57.21M$28.61No quote
13CWSACITIGROUP INC *W EXP 01/04/2011.53%New94,137,507$47.63MNo quoteNo quote
14ELOSSYNERON MEDICAL LTD ORD SHS1.32%-4,000,000$40.88MNo quoteNo quote
15AVEOAVEO PHARMACEUTICALS INC COM1.16%-4,902,850$36.04MNo quoteNo quote
16AOIALLIANCE ONE INTL INC COM1.02%Reduce -7.5%8,131,594$31.63MNo quoteNo quote
17ENZNENZON PHARMACEUTICALS INC COM0.94%Reduce -2.0%7,691,453$29.23MNo quoteNo quote
18CPFCENTRAL PAC FINL CORP COM NEW0.91%-1,800,000$28.26M$15.70No quote
19ITRNITURAN LOCATION AND CONTROL SHS0.67%Reduce -20.7%1,337,003$20.98M$15.69No quote
20DTVDIRECTV COM0.38%New207,300$11.73MNo quoteNo quote
21AIGWSAMERICAN INTL GROUP INC *W EXP 01/19/2020.31%New638,943$9.71MNo quoteNo quote
22NCQNOVACOPPER INC COM0.29%-5,005,298$9.16MNo quoteNo quote
25NWSANEWS CORP CL A-Sold0$0No quoteNo quote
24GNWGENWORTH FINL INC COM CL A-Sold0$0No quoteNo quote
23ANVALLIED NEVADA GOLD CORP COM-Sold0$0No quoteNo quote