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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 6 of 23 rows. Rows without a quote are marked unavailable.

1MUMICRON TECHNOLOGY INC31.83%Reduce -19.3%51,655,434$1.12B$21.75No quote
2THRXTHERAVANCE INC20.35%Add +8.8%20,144,301$718.14MNo quoteNo quote
3VSATVIASAT INC19.76%Add +1.2%11,129,200$697.24M$62.65No quote
4BPBP PLC7.80%Add +1.2%5,666,413$275.44M$48.61No quote
5IDIXIDENIX PHARMACEUTICALS INC6.25%Add +24.4%36,910,868$220.73MNo quoteNo quote
6CWSACITIGROUP INC1.92%Add +10.6%104,246,007$67.76MNo quoteNo quote
7FNFFIDELITY NATIONAL FINANCIAL1.82%New1,974,400$64.07M$32.45No quote
8IMOSCHIPMOS TECH BERMUDA LTD1.79%-3,283,235$63.17MNo quoteNo quote
9PBFPBF ENERGY INC1.76%Add +106.9%1,976,606$62.18M$31.46No quote
10NGNOVAGOLD RES INC1.56%-21,688,300$55.09M$2.54No quote
11ELOSSYNERON MEDICAL LTD1.39%-4,000,000$49.2MNo quoteNo quote
12ROVIROVI CORP1.21%Reduce -64.9%2,160,000$42.53MNo quoteNo quote
13KINKINDRED BIOSCIENCES INC0.92%New2,900,000$32.39MNo quoteNo quote
14AOIALLIANCE ONE INTL INC0.55%-6,383,641$19.47MNo quoteNo quote
15AIGWSAMERICAN INTL GROUP INC0.38%-656,443$13.29MNo quoteNo quote
16NCQNOVACOPPER INC0.22%-5,005,298$7.61MNo quoteNo quote
17AVEOAVEO PHARMACEUTICALS INC0.20%-3,829,350$7.01MNo quoteNo quote
18ALDWALON USA PARTNERS LP0.16%New329,188$5.48MNo quoteNo quote
19ENZNENZON PHARMACEUTICALS INC0.14%Reduce -43.6%4,337,858$5.03MNo quoteNo quote
22ORCLORACLE CORP-Sold0$0No quoteNo quote
21ITRNITURAN LOCATION AND CONTROL-Sold0$0No quoteNo quote
20CPFCENTRAL PAC FINL CORP-Sold0$0No quoteNo quote

Other instruments

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

1-MICRON TECHNOLOGY INCDEBT 1.875% 6/0OTHER0$0