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Focused investors/Seth Klarman

Seth Klarman - Baupost Group

As of Q1 2026, Seth Klarman reported 22 long-equity positions worth $5.12B in aggregate.

Copy-investor backtest

Latest quarter
+2.79%
1-year
+38.08%
3-year
+52.44%
3-year top 5
+62.23%

Return from mechanically copying the disclosed 13F equity portfolio after each filing and rebalancing at the next. Method & limitations.

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Updated 2026-05-10 from SEC 13F data.

Live quotes available for 19 of 36 rows. Rows without a quote are marked unavailable.

1LBTYKLIBERTY GLOBAL PLC14.46%Reduce -5.3%45,004,310$799.73M$17.7752w: $8.46 - $12.34; reported $17.77
2VSATVIASAT INC12.15%-16,288,959$672.08M$41.2652w: $25.38 - $47.35; reported $41.26
3GOOGALPHABET INC9.01%Reduce -29.6%4,119,780$498.37M$120.9752w: $83.45 - $129.55; reported $120.97
4LSXMKLIBERTY MEDIA CORP DEL8.79%-14,851,048$486.08MNo quoteNo quote
5VRTVVERITIV CORP7.55%-3,324,324$417.57MNo quoteNo quote
6FISFIDELITY NATL INFORMATION SV6.70%Add +39.9%6,775,000$370.59M$54.7052w: $48.57 - $105.16; reported $54.70
7WBDWARNER BROS DISCOVERY INC5.72%-25,235,094$316.45M$12.5452w: $8.82 - $17.65; reported $12.54
8LSXMALIBERTY MEDIA CORP DEL4.85%-8,177,656$268.31MNo quoteNo quote
9QRVOQORVO INC4.83%Reduce -43.7%2,617,703$267.08M$102.0352w: $75.38 - $114.59; reported $102.03
10SSNCSS&C TECHNOLOGIES HLDGS INC4.08%Add +13.6%3,720,430$225.46M$60.6052w: $45.25 - $64.52; reported $60.60
11WTWWILLIS TOWERS WATSON PLC LTD3.84%Add +5.1%902,367$212.51M$235.5052w: $188.99 - $258.93; reported $235.50
12GTXGARRETT MOTION INC3.57%Add +629.3%26,070,589$197.35M$7.5752w: $5.57 - $8.68; reported $7.57
13EDUNEW ORIENTAL ED & TECHNOLOGY2.94%Reduce -24.0%4,118,784$162.65M$39.4952w: $17.01 - $46.74; reported $39.49
14AMZNAMAZON COM INC2.27%New963,946$125.66M$130.3652w: $81.43 - $146.57; reported $130.36
15LBTYALIBERTY GLOBAL PLC2.19%-7,194,276$121.3M$16.8652w: $7.84 - $11.53; reported $16.86
16JAZZJAZZ PHARMACEUTICALS PLC1.51%Add +40.7%673,696$83.52M$123.9752w: $121.67 - $163.31; reported $123.97
17TBPHTHERAVANCE BIOPHARMA INC1.39%Reduce -28.8%7,419,226$76.79MNo quoteNo quote
18DGDOLLAR GEN CORP NEW0.74%New242,000$41.09M$169.7852w: $151.27 - $261.59; reported $169.78
19STXSEAGATE TECHNOLOGY HLDNGS PL0.67%Add +340.9%600,000$37.12M$61.8752w: $47.47 - $83.78; reported $61.87
20UNPUNION PAC CORP0.65%New175,000$35.81M$204.6252w: $183.69 - $242.36; reported $204.62
21GTNGRAY TELEVISION INC0.54%-3,760,000$29.63M$7.8852w: $6.50 - $20.83; reported $7.88
22HLFHERBALIFE LTD0.47%-1,954,200$25.87M$13.2452w: $11.14 - $30.65; reported $13.24
23ADVADVANTAGE SOLUTIONS INC0.45%Reduce -3.2%10,651,369$24.92MNo quoteNo quote
24ATRAATARA BIOTHERAPEUTICS INC0.28%Add +7.1%9,773,616$15.74MNo quoteNo quote
25OPTUALTICE USA INC0.26%-4,774,615$14.42M$3.0252w: $2.01 - $13.17; reported $3.02
26CRHCRH PLC0.06%New56,543$3.15MNo quoteNo quote
27TMQTRILOGY METALS INC NEW0.04%Reduce -20.2%3,407,128$2.02MNo quoteNo quote
28FNCHFINCH THERAPEUTICS GROUP INC0.01%New67,296$574KNo quoteNo quote
35SWKSSKYWORKS SOLUTIONS INC-Sold0$0No quoteNo quote
34LADLITHIA MTRS INC-Sold0$0No quoteNo quote
33HZONUHORIZON ACQUISITION CORPORAT-Sold0$0No quoteNo quote
32GTX 11 PERP AGARRETT MOTION INCCUSIP 366505204-Sold0$0No quoteNo quote
31FIFISERV INC-Sold0$0No quoteNo quote
30FNCHFINCH THERAPEUTICS GROUP INC-Sold0$0No quoteNo quote
29DBRGDIGITALBRIDGE GROUP INC-Sold0$0No quoteNo quote

Other instruments

Bonds, warrants, or non-share principal positions reported alongside the equity portfolio.

1COIN 0.5 06/01/26COINBASE GLOBAL INCNOTE 0.500% 6/0OTHER110,250,000$83.11M