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.
Get email alerts when Seth Klarman files a new 13F — sign in or create a free account.
Updated 2026-06-06 from SEC 13F data.
Live quotes available for 12 of 55 rows. Rows without a quote are marked unavailable.
| 1 | LNG | CHENIERE ENERGY INC | 11.85% | Reduce -22.0% | 21,726,340 | $900.12M | No quote | No quote |
| 2 | VSAT | VIASAT INC | 11.47% | Add +14.1% | 13,158,137 | $871.33M | $66.22 | No quote |
| 3 | SYF | SYNCHRONY FINL | 9.87% | Add +17.6% | 20,665,000 | $749.52M | $36.27 | No quote |
| 4 | AGN | ALLERGAN PLC | 9.49% | Add +71.5% | 3,432,603 | $720.88M | No quote | No quote |
| 5 | FOXA | TWENTY FIRST CENTY FOX INC | 7.06% | Add +50.1% | 19,137,469 | $536.62M | $28.04 | No quote |
| 6 | PBF | PBF ENERGY INC | 5.77% | - | 15,724,175 | $438.39M | $27.88 | No quote |
| 7 | DVMT | DELL TECHNOLOGIES INC | 4.81% | - | 6,652,459 | $365.69M | No quote | No quote |
| 8 | AR | ANTERO RES CORP | 4.52% | - | 14,505,881 | $343.06M | $23.65 | No quote |
| 9 | TBPH | THERAVANCE BIOPHARMA INC | 3.89% | Add +26.2% | 9,273,991 | $295.66M | No quote | No quote |
| 10 | NSAM | NORTHSTAR ASSET MGMT GROUP I | 3.67% | Add +88.7% | 18,705,000 | $279.08M | No quote | No quote |
| 11 | NRF | NORTHSTAR RLTY FIN CORP | 2.91% | Add +165.1% | 14,577,134 | $220.84M | No quote | No quote |
| 12 | FOX | TWENTY FIRST CENTY FOX INC | 2.61% | - | 7,278,100 | $198.33M | $27.25 | No quote |
| 13 | VRTV | VERITIV CORP | 2.15% | - | 3,044,385 | $163.64M | No quote | No quote |
| 14 | INVA | INNOVIVA INC | 2.10% | - | 14,931,483 | $159.77M | No quote | No quote |
| 15 | KERX | KERYX BIOPHARMACEUTICALS INC | 1.99% | - | 25,791,678 | $151.14M | No quote | No quote |
| 16 | CLNY | COLONY CAP INC | 1.85% | Add +56.5% | 6,959,017 | $140.92M | No quote | No quote |
| 17 | MCK | MCKESSON CORP | 1.85% | New | 1,000,000 | $140.45M | $140.45 | No quote |
| 18 | FWP | FORWARD PHARMA A/S | 1.06% | - | 5,367,300 | $80.51M | No quote | No quote |
| 19 | ATRA | ATARA BIOTHERAPEUTICS INC | 1.00% | - | 5,359,632 | $76.11M | No quote | No quote |
| 20 | CAH | CARDINAL HEALTH INC | 0.98% | New | 1,030,000 | $74.13M | $71.97 | No quote |
| 21 | BATRK | LIBERTY MEDIA CORP DELAWARE | 0.81% | - | 2,994,010 | $61.65M | $20.59 | No quote |
| 22 | AIGWS | AMERICAN INTL GROUP INC | 0.80% | - | 2,594,317 | $60.86M | No quote | No quote |
| 23 | SYT | SYNGENTA AG | 0.78% | New | 745,136 | $58.9M | No quote | No quote |
| 24 | LVNTA | LIBERTY INTERACTIVE CORP | 0.72% | Reduce -40.0% | 1,481,719 | $54.63M | No quote | No quote |
| 25 | CACC | CREDIT ACCEP CORP MICH | 0.70% | Add +144.4% | 244,400 | $53.16M | $217.51 | No quote |
| 26 | IMOS | CHIPMOS TECHNOLOGIES INC | 0.65% | New | 3,509,858 | $49.52M | No quote | No quote |
| 27 | GTYHU | GTY TECHNOLOGY HOLDINGS INC | 0.61% | New | 4,400,000 | $46.2M | No quote | No quote |
| 28 | CDEV | CENTENNIAL RESOURCE DEV INC | 0.57% | New | 2,407,153 | $43.57M | No quote | No quote |
| 29 | NG | NOVAGOLD RES INC | 0.57% | - | 9,500,000 | $43.32M | $4.56 | No quote |
| 30 | COR | AMERISOURCEBERGEN CORP | 0.52% | New | 502,474 | $39.29M | No quote | No quote |
| 31 | CPAA | CONYERS PK ACQUISITION | 0.50% | - | 3,712,500 | $37.98M | No quote | No quote |
| 32 | PRTK | PARATEK PHARMACEUTICALS INC | 0.41% | - | 2,044,498 | $31.49M | No quote | No quote |
| 33 | SCAC | SABAN CAP ACQUISITION CORP | 0.31% | New | 2,326,500 | $23.27M | No quote | No quote |
| 34 | CASC | CASCADIAN THERAPEUTICS INC | 0.24% | Reduce -83.3% | 4,166,666 | $17.96M | No quote | No quote |
| 35 | BATRA | LIBERTY MEDIA CORP DELAWARE | 0.22% | - | 800,000 | $16.39M | $20.49 | No quote |
| 36 | LEXEA | LIBERTY EXPEDIA HOLDINGS | 0.21% | New | 395,613 | $15.69M | No quote | No quote |
| 37 | RUN | SUNRUN INC | 0.20% | - | 2,848,082 | $15.12M | No quote | No quote |
| 38 | CWSA | CITIGROUP INC | 0.13% | Reduce -38.7% | 62,903,207 | $9.56M | No quote | No quote |
| 39 | TMQ | TRILOGY METALS INC NEW | 0.07% | - | 10,600,758 | $5.34M | No quote | No quote |
| 40 | OREX | OREXIGEN THERAPEUTICS INC | 0.05% | - | 2,226,839 | $3.88M | No quote | No quote |
| 41 | CPAAW | CONYERS PK ACQUISITION | 0.03% | - | 1,237,500 | $2.48M | No quote | No quote |
| 42 | SCACW | SABAN CAP ACQUISITION CORP | 0.01% | New | 1,163,250 | $1.11M | No quote | No quote |
| 53 | VMW | VMWARE INC | - | Sold | 0 | $0 | No quote | No quote |
| 52 | TBRA | TOBIRA THERAPEUTICS INC | - | Sold | 0 | $0 | No quote | No quote |
| 51 | SRAQW | SILVER RUN ACQUISITION CORP | - | Sold | 0 | $0 | No quote | No quote |
| 50 | SRAQ | SILVER RUN ACQUISITION CORP | - | Sold | 0 | $0 | No quote | No quote |
| 49 | SCACU | SABAN CAP ACQUISITION CORP | - | Sold | 0 | $0 | No quote | No quote |
| 48 | PYPL | PAYPAL HLDGS INC | - | Sold | 0 | $0 | No quote | No quote |
| 47 | OLN | OLIN CORP | - | Sold | 0 | $0 | No quote | No quote |
| 46 | ODP | OFFICE DEPOT INC | - | Sold | 0 | $0 | No quote | No quote |
| 45 | KLXI | KLX INC | - | Sold | 0 | $0 | No quote | No quote |
| 44 | KIN | KINDRED BIOSCIENCES INC | - | Sold | 0 | $0 | No quote | No quote |
| 43 | IMOS | CHIPMOS TECH BERMUDA LTD | - | 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 | 46,230,000 | $38.37M |
| 2 | TBPH 3.25 11/01/23 | THERAVANCE BIOPHARMA INCNOTE 3.250%11/0 | OTHER | 30,000,000 | $34.06M |