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 12 of 50 rows. Rows without a quote are marked unavailable.
| 1 | LNG | CHENIERE ENERGY INC | 17.35% | Reduce -6.7% | 27,842,957 | $1.21B | No quote | No quote |
| 2 | VSAT | VIASAT INC | 12.31% | - | 11,533,137 | $860.95M | $74.65 | No quote |
| 3 | SYF | SYNCHRONY FINL | 7.03% | New | 17,565,000 | $491.82M | $28.00 | No quote |
| 4 | AGN | ALLERGAN PLC | 6.59% | - | 2,001,978 | $461.08M | No quote | No quote |
| 5 | AR | ANTERO RES CORP | 5.59% | - | 14,505,881 | $390.93M | $26.95 | No quote |
| 6 | PBF | PBF ENERGY INC | 5.09% | Add +47.8% | 15,724,175 | $356M | $22.64 | No quote |
| 7 | DVMT | DELL TECHNOLOGIES INC | 4.55% | New | 6,652,459 | $317.99M | No quote | No quote |
| 8 | FOXA | TWENTY FIRST CENTY FOX INC | 4.41% | Add +65.6% | 12,746,469 | $308.72M | $24.22 | No quote |
| 9 | TBPH | THERAVANCE BIOPHARMA INC | 3.81% | - | 7,350,991 | $266.4M | No quote | No quote |
| 10 | PYPL | PAYPAL HLDGS INC | 2.93% | Reduce -11.7% | 5,000,000 | $204.85M | $40.97 | No quote |
| 11 | FOX | TWENTY FIRST CENTY FOX INC | 2.57% | - | 7,278,100 | $180.06M | $24.74 | No quote |
| 12 | INVA | INNOVIVA INC | 2.35% | Reduce -15.2% | 14,931,483 | $164.1M | No quote | No quote |
| 13 | VRTV | VERITIV CORP | 2.18% | - | 3,044,385 | $152.74M | No quote | No quote |
| 14 | KERX | KERYX BIOPHARMACEUTICALS INC | 1.96% | - | 25,791,678 | $136.95M | No quote | No quote |
| 15 | NSAM | NORTHSTAR ASSET MGMT GROUP I | 1.83% | New | 9,913,654 | $128.18M | No quote | No quote |
| 16 | OLN | OLIN CORP | 1.81% | Reduce -42.4% | 6,181,302 | $126.84M | $20.52 | No quote |
| 17 | VMW | VMWARE INC | 1.68% | Reduce -28.8% | 1,603,889 | $117.65M | No quote | No quote |
| 18 | ATRA | ATARA BIOTHERAPEUTICS INC | 1.64% | - | 5,359,632 | $114.64M | No quote | No quote |
| 19 | FWP | FORWARD PHARMA A/S | 1.61% | - | 5,367,300 | $112.66M | No quote | No quote |
| 20 | LVNTA | LIBERTY INTERACTIVE CORP | 1.41% | - | 2,469,533 | $98.46M | No quote | No quote |
| 21 | CLNY | COLONY CAP INC | 1.16% | New | 4,445,936 | $81.05M | No quote | No quote |
| 22 | IMOS | CHIPMOS TECH BERMUDA LTD | 1.06% | - | 3,751,853 | $74.29M | No quote | No quote |
| 23 | NRF | NORTHSTAR RLTY FIN CORP | 1.04% | New | 5,498,261 | $72.41M | No quote | No quote |
| 24 | KLXI | KLX INC | 1.01% | - | 2,000,000 | $70.4M | No quote | No quote |
| 25 | SRAQ | SILVER RUN ACQUISITION CORP | 0.84% | - | 3,750,000 | $59.06M | No quote | No quote |
| 26 | AIGWS | AMERICAN INTL GROUP INC | 0.79% | Add +1.7% | 2,594,317 | $55M | No quote | No quote |
| 27 | NG | NOVAGOLD RES INC | 0.76% | - | 9,500,000 | $53.2M | $5.60 | No quote |
| 28 | BATRK | LIBERTY MEDIA CORP DELAWARE | 0.74% | - | 2,994,010 | $52.04M | $17.38 | No quote |
| 29 | ODP | OFFICE DEPOT INC | 0.66% | New | 13,000,000 | $46.41M | No quote | No quote |
| 30 | CASC | CASCADIAN THERAPEUTICS INC | 0.59% | - | 25,000,000 | $41M | No quote | No quote |
| 31 | CPAA | CONYERS PK ACQUISITION | 0.53% | New | 3,712,500 | $37.13M | No quote | No quote |
| 32 | PRTK | PARATEK PHARMACEUTICALS INC | 0.38% | - | 2,044,498 | $26.6M | No quote | No quote |
| 33 | SCACU | SABAN CAP ACQUISITION CORP | 0.34% | New | 2,326,500 | $23.45M | No quote | No quote |
| 34 | CACC | CREDIT ACCEP CORP MICH | 0.29% | - | 100,000 | $20.11M | $201.07 | No quote |
| 35 | RUN | SUNRUN INC | 0.26% | - | 2,848,082 | $17.94M | No quote | No quote |
| 36 | KIN | KINDRED BIOSCIENCES INC | 0.21% | Reduce -0.1% | 3,011,584 | $15.03M | No quote | No quote |
| 37 | BATRA | LIBERTY MEDIA CORP DELAWARE | 0.20% | - | 800,000 | $13.96M | $17.45 | No quote |
| 38 | OREX | OREXIGEN THERAPEUTICS INC | 0.11% | Reduce -90.0% | 2,226,839 | $7.39M | No quote | No quote |
| 39 | TBRA | TOBIRA THERAPEUTICS INC | 0.09% | New | 160,829 | $6.39M | No quote | No quote |
| 40 | TMQ | TRILOGY METALS INC NEW | 0.08% | New | 10,600,758 | $5.8M | No quote | No quote |
| 41 | CWSA | CITIGROUP INC | 0.08% | - | 102,553,207 | $5.35M | No quote | No quote |
| 42 | SRAQW | SILVER RUN ACQUISITION CORP | 0.08% | Reduce -24.0% | 950,000 | $5.27M | No quote | No quote |
| 43 | CPAAW | CONYERS PK ACQUISITION | 0.02% | New | 1,237,500 | $1.42M | No quote | No quote |
| 49 | SEMI | SUNEDISON SEMICONDUCTOR LTD | - | Sold | 0 | $0 | No quote | No quote |
| 48 | OZM | OCH ZIFF CAP MGMT GROUP | - | Sold | 0 | $0 | No quote | No quote |
| 47 | NCQ | NOVACOPPER INC | - | Sold | 0 | $0 | No quote | No quote |
| 46 | EMC | E M C CORP MASS | - | Sold | 0 | $0 | No quote | No quote |
| 45 | C | CITIGROUP INC | - | Sold | 0 | $0 | No quote | No quote |
| 44 | CAR | AVIS BUDGET GROUP | - | Sold | 0 | $0 | No quote | No quote |
Other instruments
Bonds, warrants, or non-share principal positions reported alongside the equity portfolio.
| 1 | THRX | THERAVANCE INCNOTE 2.125% 1/1 | OTHER | 48,230,000 | $40.54M |