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 20 of 27 rows. Rows without a quote are marked unavailable.
| 1 | QSR | RESTAURANT BRANDS INTL INC | 11.11% | Add +103.8% | 8,252,862 | $529.34M | $64.14 | |
| 2 | GOOG | ALPHABET INC | 9.50% | Reduce -29.5% | 1,858,138 | $452.55M | $243.55 | |
| 3 | ELV | ELEVANCE HEALTH INC FORMERLY | 8.95% | Add +114.1% | 1,319,000 | $426.2M | $323.12 | |
| 4 | CRHCF | CRH PLC | 8.52% | Reduce -11.6% | 3,383,395 | $405.67M | No quote | No quote |
| 5 | WTW | WILLIS TOWERS WATSON PLC LTD | 7.90% | Reduce -17.1% | 1,089,065 | $376.22M | $345.45 | |
| 6 | UNP | UNION PAC CORP | 7.43% | New | 1,496,204 | $353.66M | $236.37 | |
| 7 | WCC | WESCO INTL INC | 6.67% | Reduce -31.9% | 1,503,180 | $317.92M | $211.50 | |
| 8 | DG | DOLLAR GEN CORP NEW | 5.79% | - | 2,666,876 | $275.62M | $103.35 | |
| 9 | FERG | FERGUSON ENTERPRISES INC | 5.45% | Add +2.1% | 1,155,500 | $259.5M | $224.58 | |
| 10 | LBTYK | LIBERTY GLOBAL LTD | 5.34% | Reduce -12.2% | 21,657,803 | $254.48M | $11.75 | |
| 11 | FIS | FIDELITY NATL INFORMATION SV | 5.25% | - | 3,789,711 | $249.89M | $65.94 | |
| 12 | EXP | EAGLE MATLS INC | 4.60% | Add +39.0% | 939,660 | $218.98M | $233.04 | |
| 13 | GPC | GENUINE PARTS CO | 4.06% | New | 1,395,000 | $193.35M | $138.60 | |
| 14 | GDS | GDS HLDGS LTD | 2.64% | - | 3,249,952 | $125.77M | $38.70 | |
| 15 | FI | FISERV INC | 2.42% | - | 895,000 | $115.39M | No quote | No quote |
| 16 | HLF | HERBALIFE LTD | 1.38% | - | 7,759,844 | $65.49M | $8.44 | |
| 17 | LBTYA | LIBERTY GLOBAL LTD | 1.22% | - | 5,076,762 | $58.18M | $11.46 | |
| 18 | COLD | AMERICOLD REALTY TRUST INC | 0.93% | New | 3,600,000 | $44.06M | $12.24 | |
| 19 | PAGS | PAGSEGURO DIGITAL LTD | 0.52% | - | 2,500,000 | $25M | $10.00 | |
| 20 | TBN | TAMBORAN RES CORP | 0.33% | - | 570,833 | $15.63M | $27.38 | |
| 25 | VSAT | VIASAT INC | - | Sold | 0 | $0 | No quote | No quote |
| 24 | LBRDK | LIBERTY BROADBAND CORP | - | Sold | 0 | $0 | No quote | No quote |
| 23 | LBRDA | LIBERTY BROADBAND CORP | - | Sold | 0 | $0 | No quote | No quote |
| 22 | ICLR | ICON PLC | - | Sold | 0 | $0 | No quote | No quote |
| 21 | AMCR | AMCOR PLC | - | Sold | 0 | $0 | No quote | No quote |
Other instruments
Bonds, warrants, or non-share principal positions reported alongside the equity portfolio.