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...
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...
On When to Sell a Stock Why, when and how to sell stocks
Value Investors Love to Sell When Reaching Intrinsic Value Why dividends are frequently more important than price appreciation
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. Read more...
» More Seth Klarman Articles

Commentaries and Stories

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Has Seth Klarman Sold Cheniere Energy Entirely? Guru started selling Cheniere last quarter; has he continued to do so? Seth Klarman - Has Seth Klarman Sold Cheniere Energy Entirely?
Seth Klarman (Trades, Portfolio) is one of the world’s most followed investors and is also one of the world’s most respected value investors. Whenever he makes an investment, you can be sure that hours of research have gone into the opportunity, and at the time of acquisition, the stock will be trading at a deep discount to its estimated intrinsic value as calculated by Klarman and his team at Baupost. More...

SETH KLARMAN, VALUE, VALUE INVESTING, CHENIERE ENERGY


  • Currently 4.50/5

Rating: 4.5/5 (4 votes)

How to Manage Your Portfolio Management tips from Seth Klarman Seth Klarman - How To Manage Your Portfolio
Buying a stock is easy. Anyone can do it, with or without research. But when it comes to selling stock or managing your portfolio to achieve the best returns, the process is a bit more complicated. More...

SETH KLARMAN, VALUE INVESTING, VALUE, PORTFOLIO MANAGEMENT


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Wall Street Is Your Worst Enemy Seth Klarman on the downfalls of short-termism Seth Klarman - Wall Street Is Your Worst Enemy
The information below is based on Seth Klarman (Trades, Portfolio)’s out-of-print book, "Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor." More...

SETH KLARMAN, VALUE INVESTING, VALUE, PORTFOLIO MANAGEMENT


  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

5 Lessons From the Top 10 Gurus Reflections on some lessons learned from some of the best investing minds of our time David Tepper, Seth Klarman, Prem Watsa, Bill Ackma - 5 Lessons From The Top 10 Gurus
In recent weeks I have profiled the eight gurus with the best average annual returns over the past 10 years, as shown on the GuruFocus Scoreboard. The investing philosophy of another other guru, Seth Klarman, had been provided recently by GuruFocus writer Rupert Hargreaves, while I had profiled Donald Yacktman in late 2016. More...

DAVID TEPPER, PREM WATSA, BILL ACKMAN, SETH KLARMAN, CHUCK AKRE, VANGUARD HEALTH CARE FUND, JEROME DODSON, JEROME DODSON, FRANK SANDS, EATON VANCE WORLDWIDE HEALTH SCIENCES FUND, JEAN M. HYNES, JASON


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Is Cardinal Health a Better Bargain Than Ever? The company's investment prospects after its 10%-plus price decline Warren Buffett,Seth Klarman - Is Cardinal Health A Better Bargain Than Ever?
(Published on April 18 by Nicholas McCullum) More...

DIVIDENDS, HEALTH CARE


  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Seth Klarman on Looking for Bargains How the Baupost Group leader searches for value Seth Klarman - Seth Klarman On Looking For Bargains
Seth Klarman (Trades, Portfolio) is one of the world’s most respected value investors, and he is an investor I have done a substantial amount of work on in the past. Klarman’s style of investing is simple; he is on the lookout for companies trading at a deep discount to intrinsic value. This is not as simple as it seems however. Klarman’s particular style of value investing is not just limited to estimating how a particular company will grow over the next few years. Instead, Klarman is on the lookout for businesses trading at a deep discount to their current asset value. More often than not, trying to find these companies requires plenty of work, which puts investors off. More...

VALUE, VALUE INVESTING, SETH KLARMAN


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Don’t Fall Into the Value Investing Trap It has become a misused term Seth Klarman,Warren Buffett - Don’t Fall Into The Value Investing Trap
The term "value investing" seems to have become one of the world's most misused descriptive statements. As plenty of research has shown that value stocks generally outperform the market over the long term, investors have flocked to the style over the years, and now any mention of a particular value stock is enough to attract the attention of investors all over the world. More...

VALUE, VALUE INVESTING, VALUE STOCKS, WARREN BUFFETT


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Learning From the Best: Keep Emotion Out of It The world’s best investors explain why emotion and investing should be separate Warren Buffett,Seth Klarman,Howard Marks,Bill Ackm - Learning From The Best: Keep Emotion Out Of It
As an investor keeping emotions under control is probably one of the most important skills required to be successful over the long term. Famous investors such as Warren Buffett (Trades, Portfolio) and Seth Klarman (Trades, Portfolio) have mastered this skill, which is why they can buy when others are fearful and make billions from volatile markets. More...

EMOTION, VALUE INVESTING, VALUE, INVESTORS


  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

Lessons From the Best: How to Pick the Bottom Quotes from the world’s best investors on how to bottom fish Mohnish Pabrai,Seth Klarman - Lessons From The Best: How To Pick The Bottom
Value investing is all about buying cheap stocks. Unfortunately, finding cheap stocks is easier said than done. Distinguishing between price and value is the first step in this process. Just because a particular company’s shares look cheap compared to previous price action does not mean they offer value. More...

VALUE INVESTING, INVESTING, VALUE


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

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


  • Currently 4.00/5

Rating: 4.0/5 (1 vote)

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


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

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...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

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


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

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...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

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


  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

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


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

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...

  • Currently 5.00/5

Rating: 5.0/5 (4 votes)

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


  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

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


  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

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


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