Seth Klarman

Seth Klarman

Last Update: 02-14-2017

Number of Stocks: 42
Number of New Stocks: 8

Total Value: $7,598 Mil
Q/Q Turnover: 20%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Seth Klarman' s Profile & Performance

Profile

Seth Klarman is a value investor and Portfolio Manager of the investment partnership The Baupost Group. Founded in 1983, The Baupost Group now manages $7 billion, and has averaged returns of nearly 20% annually since their inception. Seth Klarman is the author of the book "Margin of Safety" which sells for over $1000. Mr. Klarman attended Cornell University where he received a degree in economics, and later attended Harvard University where he earned an M.B.A.

Web Page:http://www.baupost.com/

Investing Philosophy

Seth Klarman invests in a wide array of investments ranging from fairly traditional value stocks to more esoteric investments like distressed debt, liquidations, and foreign equities or bonds. Klarman doesn't mind "doing nothing" on occasion. He is completely unperturbed by the idea of sitting on the sidelines holding cash whenever investment opportunities are scarce. In fact, in 2005 and 2006, nearly half of his portfolio was held in cash. Investing, he cautions, is more than just producing absolute returns. Too often investors focus on that one easy number "return" and ignore the risks incurred to generate that number.

Total Holding History

Performance of Baupost Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
200127.1-11.8939.0
20009.9-9.119.0
1999-18.321.04-39.3
3-Year Cumulative14.1 (4.5%/year)-3.1 (-1%/year)17.2 (5.5%/year)
19983028.581.4
199724.833.36-8.6
5-Year Cumulative85.1 (13.1%/year)66.2 (10.7%/year)18.9 (2.4%/year)
199613.122.96-9.9
19958.137.58-29.5
199413.41.3212.1
199318.910.088.8
19929.57.621.9
10-Year Cumulative234.2 (12.8%/year)237.5 (12.9%/year)-3.3 (-0.1%/year)

Top Ranked Articles

A Fond Farewell After 100 articles, it's time to hear new voices
In an article last year, I used a quote by Seth Klarman (Trades, Portfolio) that said investing was an "arrogant act." Having just published my 100th article here on GuruFocus, it seems to me being a writer on value investing could fall under the same definition. First, one has to assume that he or she has something valuable to add to the dialogue. Second, one must be able to package this so-called wisdom in such a way to make your points succinctly and in an engaging style. Lastly, the writing must provide readers with an interesting perspective missing in the conversation. Each of these alone is a difficult goal to meet, but achieving a blend of all three really is a leap of faith - and ego. Read more...
The Biggest Fear as an Investor Klarman says his fear is buying a stock too soon on the way down from overvalued levels
Seth Klarman (Trades, Portfolio) was once asked what his biggest fear was as an investor. Here is what he said: Read more...
Why Equities Are Not Overvalued Seth Klarman excoriates common investors for being 'yield pigs' blindly piling into common stock
Is Benjamin Graham Still Relevant? Some people believe his principles are of no use today
Are the principles laid out by Benjamin Graham no longer of any use in today’s world? Read more...
Seth Klarman and How to React to a Market Downturn Market downturns prove who is really a value investor, according to guru
During 2009, The Outstanding Investor Digest interviewed Seth Klarman (Trades, Portfolio) on his views after the subprime bubble burst. Some of the comments made by Klarman remain as relevant today as in those days. Here are some of the best excerpts from the interview: Read more...
» More Seth Klarman Articles

Commentaries and Stories

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Seth Klarman Dividend Stocks in Focus: ChipMOS Technologies The investment prospects of semiconductor company Seth Klarman,Warren Buffett - Seth Klarman Dividend Stocks In Focus: ChipMOS Technologies
(Published by Bob Ciura on March 20) More...

DIVIDENDS, SETH KLARMAN


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Seth Klarman Dividend Stocks in Focus: Colony NorthStar REIT has 8.3% dividend yield Seth Klarman - Seth Klarman Dividend Stocks In Focus: Colony NorthStar
(Published by Bob Ciura on March 21) More...

DIVIDENDS, SETH KLARMAN


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22 Questions With the Founder of Sure Dividend 'Dividend growth investors have a big advantage to handle the vicissitudes of the market' Warren Buffett,Seth Klarman - 22 Questions With The Founder Of Sure Dividend
1. How and why did you get started investing? What is your background? More...

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Searching Seth Klarman’s Letters for Investment Tips How guru might invest in the current market environment Seth Klarman - Searching Seth Klarman’s Letters For Investment Tips
Seth Klarman (Trades, Portfolio) is considered to be one of the world’s best value investors. Klarman’s Boston-based hedge fund Baupost has achieved an average annual return of 20% for investors since inception despite the fact the fund usually holds around 20% of assets in cash. More...

SETH KLARMAN, VALUE INVESTING, MARKET BUBBLE, MARKET CRASH


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Seth Klarman’s Top 5 High Dividend Stocks See Seth Klarman's top 5 highest yielding dividend stocks analyzed in detail. Seth Klarman,Warren Buffett - Seth Klarman’s Top 5 High Dividend Stocks
(Published by Nicholas McCullum on March 19) More...

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What You Need to Know About the March Rate Hike The recent increase is likely to affect dividend stocks Seth Klarman - What You Need To Know About The March Rate Hike
(Published by Nicholas McCullum on March 18) More...

INTEREST RATES


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Grow Your Wealth Like the Best Dividend Investors Of these 7 important tips the 4th may be the most important Warren Buffett,Seth Klarman - Grow Your Wealth Like The Best Dividend Investors
(Published by Nicholas McCullum on March 15) More...

DIVIDEND INVESTING


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Seth Klarman's Largest 4th-Quarter Buys Guru's largest trades include expanding 5 holdings, buying 2 others Seth Klarman,Vanguard Health Care Fund,David Teppe - Seth Klarman's Largest 4th-Quarter Buys
Value investor Seth Klarman (Trades, Portfolio) is portfolio manager of The Baupost Group. During the fourth quarter, he bought shares in the following stocks: More...

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Value Investors Love to Sell When Reaching Intrinsic Value Why dividends are frequently more important than price appreciation Warren Buffett,Seth Klarman - Value Investors Love To Sell When Reaching Intrinsic Value
Like most things investing, it seems I am constantly taking a contrarian approach. Value investing, at its core, is based on comparing a company’s fair market value with the way you calculate its intrinsic value and closing that gap. Ben Graham, Seth Klarman and others call it a margin of safety. More...

LONG, VALUE INVESTING, DIVIDENDS, INTRINSIC VALUE, MARGIN OF SAFETY, BENJAMIN GRAHAM, SETH KLARMAN


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2 Arbitrage Ideas From Warren Buffett and Seth Klarman The Monsanto and Syngenta buyouts offer attractive returns Warren Buffett, Seth Klarman - 2 Arbitrage Ideas From Warren Buffett And Seth Klarman
It does not seem as if legendary value investor Seth Klarman (Trades, Portfolio), founder of the Baupost Group, is very confident about the seemingly incessant rise in U.S. stock markets. That puts him at odds with Warren Buffett (Trades, Portfolio), who seems as confident as ever in American markets. More...

ARBITRAGE, AG, AGRICULTURE, BUFFETT, KLARMAN, SYNGENTA, MONSANTO, SYT, MON


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What Does Seth Klarman Like About ViaSat? Communications company is guru’s 2nd-largest position Seth Klarman - What Does Seth Klarman Like About ViaSat?
At the end of last week, I took a look at Seth Klarman (Trades, Portfolio)’s two largest positions to try and establish if they’re attractive buys for other investors in today’s market environment. More...

SETH KLARMAN, VALUE, VALUE INVESTING, VIASAT


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Where Seth Klarman Sees Value in Today’s Market An analysis of the guru's 4th-quarter portfolio Warren Buffett, Seth Klarman - Where Seth Klarman Sees Value In Today’s Market
Yesterday saw the release of the final round of 13F filings from some of the world’s most followed hedge fund investors, and there were a few surprises contained within figures. More...

SETH KLARMAN, VALUE INVESTING, VALUE, INVESTING, MARGIN OF SAFETY


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The Rise of the ETF Is Not a Bad Thing ETFs may lead to more opportunities for value investors Seth Klarman - The Rise Of The ETF Is Not A Bad Thing
ETFs are fast becoming Wall Street’s most controversial instrument. As passive investing continues to gain weight among investors, the use of ETFs by retail investors and traders to bet on certain instruments to which they may not be able to obtain direct exposure is rapidly increasing. As the number of ETF users grows, the chorus of experts warning against their increasing dominance is getting ever louder. More...

ETFS, VALUE INVESTING, VALUE, BUY AND HOLD


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Seth Klarman's Favorite Stock Value investor loves Synchrony Financial, but should you? Seth Klarman - Seth Klarman's Favorite Stock
Seth Klarman (Trades, Portfolio) is one of the world’s most respected value investors. When he enters a position, it doesn’t take long for the value investing world to assess the opportunity on offer and consider whether it is worth following. More...

VALUE INVESTING, VALUE, SETH KLARMAN, GROWTH, WARREN BUFFETT


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Is Value Investing Dead? Is the traditional method of value investing no longer relevant? Bill Ackman,Seth Klarman - Is Value Investing Dead?
Value investing has changed significantly since the concept was conceived by Benjamin Graham more than 80 years ago. Today it’s tough to adopt the same style as Graham. The prevalence of financial information and stock screeners online has reduced the number of opportunities available, and investors have to be quick to take advantage of any market dislocations. More...

VALUE, VALUE INVESTING, VALUE STOCKS


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Forget About the Rest of the World Some tips from Seth Klarman on how to invest Seth Klarman - Forget About The Rest Of The World
Seth Klarman (Trades, Portfolio) is one of the world’s most respected value investors, but he is relatively secretive, which is a shame because when he speaks it’s always informative and there’s something for all investors to learn. More...

SETH KLARMAN, VALUE INVESTING, VALUE, INVESTING, MARGIN OF SAFETY


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The Best Way to Beat the Market When it comes to investing, it is preferable to be independent and lazy Warren Buffett,Seth Klarman,Charlie Munger - The Best Way To Beat The Market
Some of the world’s greatest investors such as Warren Buffett (Trades, Portfolio), Seth Klarman (Trades, Portfolio) and Charlie Munger (Trades, Portfolio) are known for their long holding periods. These investors buy and hold stocks for many years, or in Buffett’s case, many decades as the investment theses play out, and they continue to profit from a well-run highly profitable business. More...

DEEP VALUE, DEEP VALUE STOCKS, VALUE INVESTING, WARREN BUFFETT, BENJAMIN GRAHAM


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Why Equities Are Not Overvalued Seth Klarman excoriates common investors for being 'yield pigs' blindly piling into common stock Seth Klarman,Warren Buffett - Why Equities Are Not Overvalued
More...

MACRO


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How to Consistently Lose Money With Dividend Stocks Avoid these critical dividend investing pitfalls Seth Klarman,Warren Buffett - How To Consistently Lose Money With Dividend Stocks
(Published Jan. 30 by Nicholas McCullum) More...

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Why Shareholders Care About Dividends A 3% yield may not sound exciting, but there are many good reasons why investors care about dividends Seth Klarman,Warren Buffett,Charlie Munger - Why Shareholders Care About Dividends
(Published Jan. 27 by The Financial Canadian) More...

DIVIDENDS


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