Seth Klarman

Seth Klarman

Last Update: 06-01-2016

Number of Stocks: 33
Number of New Stocks: 5

Total Value: $6,865 Mil
Q/Q Turnover: 24%

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

Seth Klarman Adds to Stake in EMC Guru buys more than 22 million shares of EMC
During the first quarter, Seth Klarman (Trades, Portfolio) added 22,602,881 shares of EMC Corp. (NYSE:EMC) at an average price of $25.32. The addition had a 8.77% impact on Klarman's portfolio. He now owns 51,851,500 shares of EMC Corp. Read more...
Here’s How Enbridge Can Give Investors 12%-Plus Total Returns Company's above-average total return potential for long-term dividend investors
Too many investors fixate on short-term price movements. The long-term investing view is what really matters. Read more...
On When to Sell a Stock Why, when and how to sell stocks
David Tepper Adds to Stake in Delta Air Lines Delta looks to be a solid investment for Tepper who has netted 26.7% for his Appaloosa fund since 1993
Guru David Tepper (Trades, Portfolio), founder and president of Appaloosa Management LP, added 1,271,440 shares to his stake in Delta Air Lines Inc. (NYSE:DAL) during the first quarter. Read more...
How to Create Intergenerational Wealth How a long-term perspective contributes to prosperity
Some families seem to have it made. They live in safe neighborhoods. Their kids go to respected schools. They don’t live paycheck to paycheck. Read more...
» More Seth Klarman Articles

Commentaries and Stories

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Seth Klarman Adds to Stake in EMC Guru buys more than 22 million shares of EMC Seth Klarman - Seth Klarman Adds To Stake In EMC
During the first quarter, Seth Klarman (Trades, Portfolio) added 22,602,881 shares of EMC Corp. (NYSE:EMC) at an average price of $25.32. The addition had a 8.77% impact on Klarman's portfolio. He now owns 51,851,500 shares of EMC Corp. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Celgene: Is It a Buy? Blood cancer specialist tumbles from record high Seth Klarman,Warren Buffett - Celgene: Is It A Buy?
Celgene (NASDAQ:CELG), among other biotech companies, has fallen from its record high. The company has returned negative 15% for the past year, and negative 26% from its high of $134 a share back in July 2015 compared to its Tuesday morning price of $96.89 a share. The iShares NASDAQ Biotechnology Index ETF, on the other hand, has performed worst at negative 32% for the past year. Along with leveraged commodity ETFs, the biotech sector has experienced Mr. Market’s dark side. The Standard & Poor's 500 returned -2% in the same timeframe. More...

VALUE INVESTING


  • Currently 4.00/5

Rating: 4.0/5 (1 vote)

Here’s How Enbridge Can Give Investors 12%-Plus Total Returns Company's above-average total return potential for long-term dividend investors Seth Klarman - Here’s How Enbridge Can Give Investors 12%-Plus Total Returns
Too many investors fixate on short-term price movements. The long-term investing view is what really matters. More...

LONG, ENERGY, DIVIDENDS, CANADA


  • Currently 5.00/5

Rating: 5.0/5 (5 votes)

On When to Sell a Stock Why, when and how to sell stocks Seth Klarman,Warren Buffett - On When To Sell A Stock
More...

SETH KLARMAN, SELLING STOCKS, WHEN TO SELL A STOCK, WHEN TO SELL, INVESTING STRATEGY, TRAILING STOP


  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

David Tepper Adds to Stake in Delta Air Lines Delta looks to be a solid investment for Tepper who has netted 26.7% for his Appaloosa fund since 1993 David Tepper,Seth Klarman,Bruce Berkowitz - David Tepper Adds To Stake In Delta Air Lines
Guru David Tepper (Trades, Portfolio), founder and president of Appaloosa Management LP, added 1,271,440 shares to his stake in Delta Air Lines Inc. (NYSE:DAL) during the first quarter. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

How to Create Intergenerational Wealth How a long-term perspective contributes to prosperity Warren Buffett,Seth Klarman - How To Create Intergenerational Wealth
Some families seem to have it made. They live in safe neighborhoods. Their kids go to respected schools. They don’t live paycheck to paycheck. More...

LONG, RETIREMENT


  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

Why Being an Investor and Businessman Are Joined at the Hip Elon Musk's view on stocks. Seth Klarman - Why Being An Investor And Businessman Are Joined At The Hip
  • Currently 3.00/5

Rating: 3.0/5 (2 votes)

How McDonald’s Generated a 15.6% CAGR Over 2.1 Years An investment in McDonald's in April 2014 has significantly outperformed the market Warren Buffett,Seth Klarman - How McDonald’s Generated A 15.6% CAGR Over 2.1 Years
McDonald’s (NYSE:MCD) has been a great investment for a very long time. More...

LONG, RESTAURANTS, CONSUMER DISCRETIONARY, DIVIDENDS


  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

On Psychology and Investing: Part 1 – Behavioral Finance Successful investing is dependent on analysis, valuation and psychology Warren Buffett,Seth Klarman - On Psychology And Investing: Part 1 – Behavioral Finance
More...

BEHAVIORAL FINANCE, PSYCHOLOGY AND INVESTING, INVESTING PSYCHOLOGY, WARREN BUFFETT, PETER LYNCH, BENJAMIN GRAHAM


  • Currently 4.00/5

Rating: 4.0/5 (1 vote)

Seth Klarman Nearly Doubles Stake in Twenty-First Century Fox Company has excellent operating margin Seth Klarman - Seth Klarman Nearly Doubles Stake In Twenty-First Century Fox
Value investor Seth Klarman (Trades, Portfolio) boosted his stake in Twenty-First Century Fox Inc. (NASDAQ:FOXA) during the first quarter, adding 3,599,422 shares of the company at an average price of $26.74. Klarman now owns 7,696,922 shares of Twenty-First Century Fox. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Seth Klarman's 5 New Buys Klarman is know for finding solid margins of safety Seth Klarman - Seth Klarman's 5 New Buys
Seth Klarman (Trades, Portfolio), a deep value investor, purchased five new positions in the first quarter, his portfolio update showed Friday. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Tweedy Browne Global Value Invests in Bank of New York Mellon Fund buys more than 1.3 million shares Tweedy Browne,Seth Klarman - Tweedy Browne Global Value Invests In Bank Of New York Mellon
Tweedy Browne Company LLC, a successor to Tweedy & Co., was first established by Forrest Birchard Tweedy in 1920 as a dealer in closely held and inactively traded securities. The firm’s 96-year history is grounded in undervalued securities, first as a market maker, then as an investor and investment advisor. The firm takes a value investing approach that focuses on long term investments very similar to Joel Greenblatt (Trades, Portfolio), Seth Klarman (Trades, Portfolio) and the founder of value investing Benjamin Graham. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

On Value Investing A description of value investing, how to implement it and a brief history of successful value investors Warren Buffett,Seth Klarman,Charlie Munger,Mohnish - On Value Investing
What is value investing? What does it mean? How do you use it as a strategy? And most importantly, does it work? Consider this your entry to – or rediscovery of – the wonderful world of value investing. More...

VALUE INVESTING,WARREN BUFFETT, BENJAMIN GRAHAM, PETER LYNCH, SETH KLARMAN, MOHNISH PABRAI


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

David Abrams Raises Stake in Barnes & Noble Education Guru acquires 9,544 company shares David Abrams,Seth Klarman - David Abrams Raises Stake In Barnes & Noble Education
Guru David Abrams (Trades, Portfolio) added 9,544 shares to his stake in Barnes & Noble Education Inc. (NYSE:BNED) on April 8. More...

  • Currently 4.50/5

Rating: 4.5/5 (2 votes)

Seth Klarman Profits From Biotie Therapies Buyout Company was developing the first Parkinson's treatment to be approved in 20 years Seth Klarman - Seth Klarman Profits From Biotie Therapies Buyout
Seth Klarman (Trades, Portfolio)’s 2015 investment in pharmaceutical company Biotie Therapies Corp. (NASDAQ:BITI) paid off this week when the company was bought out at a premium. More...

  • Currently 4.75/5

Rating: 4.8/5 (4 votes)

Klarman: Risk Is Both Probability, Potential Amount of Loss Seth Klarman defines the real risk for investors Seth Klarman - Klarman: Risk Is Both Probability, Potential Amount Of Loss
It is well-known that for value investors, risk is not standard deviation stemming from prices. Rather, it is the product of the expected loss times the probability of that loss occuring. One of the best efforts in defining risk that I have encountered comes from Seth Klarman (Trades, Portfolio), who, in one of his investor letters, provided a detailed explanation on how he thinks and acts upon this definition of risk.  More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Seth Klarman Slashes Bellatrix Exploration Holding GuruFocus gives energy company multiple warning signs Seth Klarman - Seth Klarman Slashes Bellatrix Exploration Holding
Guru Seth Klarman (Trades, Portfolio) attended Cornell University where he graduated with a bachelor's in 1979, and went on to graduate with an MBA from Harvard in 1982. Klarman founded The Baupost Group in 1982, an investment firm that focuses on long term value with similar investment philosophies to the legendary Benjamin Graham.  More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Seth Klarman Is Betting Big on Energy Of guru's top 5 holdings, 3 are in oil and gas sector Seth Klarman - Seth Klarman Is Betting Big On Energy
According to his latest fillings, Seth Klarman (Trades, Portfolio)’s exposure to the energy sector has never been higher. Three of his top five holders are in the oil and gas space. Here’s a quick primer on his biggest bets. More...

KLARMAN, LNG, AR, PBF, CHENIERE, ENERGY, OIL, GAS, ANTERO, RESOURCES


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

How Seth Klarman Decides the Right Time to Sell Investors can easily suffer from anchoring bias Seth Klarman - How Seth Klarman Decides The Right Time To Sell
Seth Klarman (Trades, Portfolio) gave an interview directly from the Baupost headquarters for the Ben Graham Center for Value Investing in 2009. As you recall, during that time Baupost was openly active and buying assets when most funds were overly pessimistic about the environment. While I certainly recommend you to go through the whole interview, one of the most interesting comments stemmed from the question: How do you decide when to sell something? More...

  • Currently 4.50/5

Rating: 4.5/5 (10 votes)

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, Charlie Munger - The Biggest Fear As An Investor
Seth Klarman (Trades, Portfolio) was once asked what his biggest fear was as an investor. Here is what he said: More...

SETH KLARMAN, VRX


Add Notes, Comments

If you want to ask a question or report a bug, please create a support ticket.

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK