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 21 of 26 rows. Rows without a quote are marked unavailable.
| 1 | WTW | WILLIS TOWERS WATSON PLC LTD | 14.81% | Reduce -16.9% | 1,525,667 | $515.6M | $337.95 | |
| 2 | GOOG | ALPHABET INC | 9.33% | Add +45.7% | 2,077,988 | $324.64M | $156.23 | |
| 3 | WCC | WESCO INTL INC | 8.95% | Add +39.7% | 2,005,601 | $311.47M | $155.30 | |
| 4 | LBTYK | LIBERTY GLOBAL LTD | 8.48% | Reduce -37.5% | 24,657,803 | $295.15M | $11.97 | |
| 5 | FIS | FIDELITY NATL INFORMATION SV | 7.49% | New | 3,492,947 | $260.85M | $74.68 | |
| 6 | QSR | RESTAURANT BRANDS INTL INC | 7.44% | Add +33.9% | 3,886,562 | $259M | $66.64 | |
| 7 | CRHCF | CRH PLC | 6.81% | Add +2.0% | 2,694,395 | $237.03M | No quote | No quote |
| 8 | EXP | EAGLE MATLS INC | 5.80% | Add +42.5% | 909,633 | $201.88M | $221.93 | |
| 9 | DG | DOLLAR GEN CORP NEW | 5.32% | Add +2.1% | 2,104,876 | $185.08M | $87.93 | |
| 10 | FERG | FERGUSON ENTERPRISES INC | 5.21% | - | 1,132,000 | $181.38M | $160.23 | |
| 11 | GDS | GDS HLDGS LTD | 3.09% | - | 4,249,952 | $107.65M | $25.33 | |
| 12 | ELV | ELEVANCE HEALTH INC | 3.07% | New | 246,000 | $107M | $434.96 | |
| 13 | VSAT | VIASAT INC | 3.05% | Reduce -16.6% | 10,190,728 | $106.19M | $10.42 | |
| 14 | SOLV | SOLVENTUM CORP | 2.30% | Reduce -27.2% | 1,053,240 | $80.09M | $76.04 | |
| 15 | ICLR | ICON PLC | 2.04% | New | 405,000 | $70.87M | $174.99 | |
| 16 | HLF | HERBALIFE LTD | 1.88% | - | 7,600,526 | $65.59M | $8.63 | |
| 17 | LBTYA | LIBERTY GLOBAL LTD | 1.68% | Reduce -2.4% | 5,076,762 | $58.43M | $11.51 | |
| 18 | CLVT | CLARIVATE PLC | 1.22% | Reduce -70.3% | 10,777,863 | $42.36M | $3.93 | |
| 19 | TPX | SOMNIGROUP INTERNATIONAL INC | 1.21% | New | 703,349 | $42.12M | No quote | No quote |
| 20 | LBRDK | LIBERTY BROADBAND CORP | 0.42% | - | 170,610 | $14.51M | $85.05 | |
| 21 | TBN | TAMBORAN RES CORP | 0.39% | - | 570,833 | $13.69M | $23.99 | |
| 22 | LBRDA | LIBERTY BROADBAND CORP | 0.02% | - | 7,560 | $643K | $85.05 | |
| 25 | SNRE | SUNRISE COMMUNICATIONS AG | - | Sold | 0 | $0 | No quote | No quote |
| 24 | HUM | HUMANA INC | - | Sold | 0 | $0 | No quote | No quote |
| 23 | GPC | GENUINE PARTS CO | - | Sold | 0 | $0 | No quote | No quote |
Other instruments
Bonds, warrants, or non-share principal positions reported alongside the equity portfolio.
| 1 | HLF | HERBALIFE LTDNOTE 4.250% 6/1 | OTHER | 17,129,000 | $14.83M |