Seth Klarman

Seth Klarman

Last Update: 11-14-2016

Number of Stocks: 43
Number of New Stocks: 10

Total Value: $6,996 Mil
Q/Q Turnover: 21%

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

Sometimes a Bargain Isn't a Bargain Notes on Seth Klarman's comments and answers during the 19th G&D Breakfast – Part I
As a low profile legendary value investor, Seth Klarman (Trades, Portfolio) doesn’t appear in the spotlight very often, but when he does, it’s always the best learning opportunity for every value investor. While reading an old issue of OID (the March 2009 issue), I was lucky to bump into some excerpts from Klarman’s comments and answers to the questions during the 19th Annual Graham & Dodd Breakfast held on Oct. 2, 2008. Below is part I of my notes: 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...
Sometimes a Bargain Isn't a Bargain - Part 2 Notes on Seth Klarman's talk at the 18th annual Graham & Dodd Breakfast
In my previous article (link), I posted the first part of my notes from Seth Klarman's comments and answers during the 18th Graham & Dodd Breakfast held in October 2008. This article contains the second part of my notes: Read more...
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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23 Questions With Nitiin A. Khandkar 'I am a patient, laid-back investor and do not like to tamper with my portfolio often​' Seth Klarman,Howard Marks - 23 Questions With Nitiin A. Khandkar
1. How and why did you get started investing? What is your background? More...

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Louis Moore Bacon Goes 3 for 3 in 3rd Quarter Hedge fund manager eliminates stakes in three global banks, buys three new companies Louis Moore Bacon,Seth Klarman,Arnold Schneider,Br - Louis Moore Bacon Goes 3 For 3 In 3rd Quarter
New York hedge fund manager Louis Moore Bacon (Trades, Portfolio) invests in companies with a global macro strategy. Since the 1990s, Bacon has been among the top 20 “money earners.” The guru axed his entire stake in Citigroup Inc. (NYSE:C) and JPMorgan Chase & Co. (NYSE:JPM) and nearly eight-ninths of his stake in Bank of America Corp. (NYSE:BAC). With the proceeds, Bacon invested in MasterCard Inc. (NYSE:MA), Alphabet Inc. (NASDAQ:GOOGL) and The Priceline Group Inc. (NASDAQ:PCLN). More...

LOUIS MOORE BACON, SETH KLARMAN, ARNOLD SCHNEIDER, BRUCE BERKOWITZ, TOM RUSSO, ANDREAS HALVORSEN, STEVEN COHEN, STANLEY DRUCKENMILLER, ERIC MINDICH, FRANK SANDS, CHASE COLEMAN, DODGE & COX


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Seth Klarman Eliminates 4 Stakes in 3rd Quarter Guru reports quarterly portfolio Seth Klarman,Louis Moore Bacon,Leon Cooperman,Larr - Seth Klarman Eliminates 4 Stakes In 3rd Quarter
Seth Klarman (Trades, Portfolio), value investor and portfolio manager of the Baupost Group, invests in an eclectic variety of investments from traditional equities to more esoteric investments, including distressed debt, liquidations and bonds. More...

SETH KLARMAN, LOUIS MOORE BACON, DIAMOND HILL CAPITAL, LEON COOPERMAN


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Gurus' Stocks With Low P/E Ratios Some of the stocks have wide margins of safety Seth Klarman,Mario Gabelli,Jim Simons,HOTCHKIS & W - Gurus' Stocks With Low P/E Ratios
Gurus are buying stocks that are trading with low price-earnings (P/E) ratios. Some are greatly undervalued, according to the DCF calculator. More...

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Bill Smead's Smead Value Fund 3rd Quarter Commentary Overview of market and holdings Seth Klarman - Bill Smead's Smead Value Fund 3rd Quarter Commentary
Dear Shareholder, More...

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Investing and Profit with Net-Nets A brief overview of net-net investing Joel Greenblatt,Seth Klarman - Investing And Profit With Net-Nets
Investing in net-nets is a really deep and pure value investing style. Net current asset value method is an investing technique first introduced by Benjamin Graham in the 1930s. More...

NET-NETS


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What Does Seth Klarman See in PBF? Klarman is one of the world's most respected value investors, and he loves PBF Seth Klarman - What Does Seth Klarman See In PBF?
Seth Klarman (Trades, Portfolio) is one of the world’s most respected and followed value investors. His Boston-based Baupost Group, the $27 billion hedge fund that invests in both public stocks and private deals, has produced a return of around 19% per annum for investors since 1983 even though the fund tends to have a large cash allocation. More...

SETH KLARMAN, VALUE INVESTING, WALTER SCHLOSS, VALUE, WARREN BUFFETT, MARGIN OF SAFETY, PBF ENERGY


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Seth Klarman Sells SunEdison Semiconductor Before Close of Merger Klarman has a loss on the position Seth Klarman - Seth Klarman Sells SunEdison Semiconductor Before Close Of Merger
Seth Klarman (Trades, Portfolio), founder of the Baupost Group, completed his exit from SunEdison Semiconductor (NASDAQ:SEMI) after selling off almost three-quarters of his position last month, he reported Friday. More...

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Seth Klarman Made 3 Transactions in August Guru boosted PBF Energy, trimmed SunEdison, Innoviva Seth Klarman,Barrow Hanley Mewhinney & Strauss,Ric - Seth Klarman Made 3 Transactions In August
Seth Klarman (Trades, Portfolio), a value investor and portfolio manager for the investment partnership The Baupost Group, made three transactions on Aug. 31. More...

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Is Benjamin Graham Still Relevant? Some people believe his principles are of no use today Warren Buffett,Seth Klarman - Is Benjamin Graham Still Relevant?
Are the principles laid out by Benjamin Graham no longer of any use in today’s world? More...

VALUE INVESTING, WARREN BUFFETT, CHARLIE MUNGER, WALTER SCHLOSS, BENJAMIN GRAHAM, VALUE, VALUE INVESTING, BUY STOCKS, INTRINSIC VALUE, MARGIN OF SAFETY


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All Investors Should Own Some Deep Value Stocks Deep value stocks fit into every investor's portfolio thanks to their low risk and high potential for outsized returns Warren Buffett,Seth Klarman,Tweedy Browne - All Investors Should Own Some Deep Value Stocks
There are many different ways of building an investment portfolio; ultimately how you build your portfolio will depend on your investment objectives as well as appetite for risk. More...

DEEP VALUE, VALUE STOCKS, VALUE, WARREN BUFFETT, PORTFOLIO CONSTRUCTION


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Canada's Best Dividend Growth Stocks for 2017 (and Beyond) This article examines the 3 best dividend growth stocks in Canada in detail Seth Klarman - Canada's Best Dividend Growth Stocks For 2017 (and Beyond)
(This is a guest contribution from The Financial Canadian.) More...

INTERNATIONAL, CANADA, DIVIDENDS, STOCKS


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On Long-Term Systematic Investing Investing for the long run reduces competition Warren Buffett,Seth Klarman - On Long-Term Systematic Investing
I started Sure Dividend to help individual investors invest better. More...

LONG, INVESTING


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Why Klarman Is Loading up on PBF Reverse engineering Klarman's possible motivation to get involved with the 4th largest refiner in the US Seth Klarman - Why Klarman Is Loading Up On PBF
With both Buffett and Klarman loading up on refineries, it is hard not to be intrigued. Last month, I examined what could motivate Buffett to pursue Philips 66 and in this article I’ll do the same for Klarman, who acquired 16% of PBF Energy (NYSE:PBF). More...

VLO, PSX, MPC, PBF, TSO


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Seth Klarman Keeps Pouring Money Into This Oil Refiner True to style, Klarman may have found a better bargain than Buffett's Phillips 66 Seth Klarman - Seth Klarman Keeps Pouring Money Into This Oil Refiner
Seth Klarman (Trades, Portfolio), a conservative investor who runs Boston-based Baupost Management, again added to his growing position PBF Energy (NYSE:PBF), the fourth-largest independent oil refiner in the U.S. – two spaces below Warren Buffett (Trades, Portfolio)’s refiner Phillips 66 (NYSE:PSX) More...

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The 6 Principles of Value Investing Principles every value investor needs to understand in order to succeed Warren Buffett, Seth Klarman - The 6 Principles Of Value Investing
The world of investing can be a complicated place to navigate. Where do you start? For beginners, the sheer volume of information available to them on the internet has only served to make the process more complex and increase confusion. More...

VALUE INVESTING, WARREN BUFFETT, CHARLIE MUNGER, WALTER SCHLOSS, BENJAMIN GRAHAM, VALUE, VALUE INVESTING, BUY STOCKS, INTRINSIC VALUE, MARGIN OF SAFETY


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Seth Klarman Buys Stake in Citigroup Citigroup is a leading global bank with more than 200 million customer accounts Seth Klarman - Seth Klarman Buys Stake In Citigroup
Seth Klarman (Trades, Portfolio), value investor and the author of "Margin of Safety," purchased a 5,167,000-share stake in Citigroup (C) for an average price of $44.18 per share during the second quarter. The trade had a 2.99% impact on Klarman's portfolio. More...

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Mattress, Roulette or Somewhere Between Investing with a margin of safety Howard Marks, Seth Klarman - Mattress, Roulette Or Somewhere Between
Does more risk equal more return? Or does investing with a margin of safety reduce risk and increase returns? More...

MARGIN OF SAFETY, VALUE INVESTING, RISK, VOLATILITY, SETH KLARMIN, HOWARD MARKS


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Seth Klarman Sells Paypal, Novagold Guru's largest 2nd quarter sales Seth Klarman - Seth Klarman Sells Paypal, Novagold
Seth Klarman (Trades, Portfolio) is a value investor and portfolio manager at The Baupost Group. During the second quarter, the guru sold shares in the following stocks. More...

KLARMAN, SALES, SECOND, QUARTER


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Investing With a Margin of Safety Does more risk really mean more returns? Howard Marks, Seth Klarman - Investing With A Margin Of Safety
Does more risk equal more return? Or does investing with a margin of safety reduce risk and increase returns? More...

MARGIN OF SAFETY, VALUE INVESTING, RISK, VOLATILITY, SETH KLARMIN, HOWARD MARKS


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