 | |
Seth Klarman13F | |
| The Baupost Group | |
| Last update 2026-08-13 | 23 Stocks (3 new) |
| Value $5.42 Bil | Turnover 12 % |
Seth Klarman 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. 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.
Seth Klarman Top Holdings of 2026-06-30
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| Ticker | | Company | Shares | Value ($1000) | Shares Change % | Weighting % | Trade Impact % | % of Shares outstanding | 3M Change % | YTD Change % | Market Cap $Mil | Industry |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMZN | Amazon.com Inc | 3,743,854 | 892,310.0 | +20.04% | 16.480 | +2.75% | 0.030 | -4.02% | +12.54% | 2,801,960.7 | Retail - Cyclical | |
ELV | Elevance Health Inc | 1,275,154 | 493,140.0 | 0% | 9.110 | 0% | 0.590 | +0.24% | +13.13% | 85,129.9 | Healthcare Plans | |
QSR | Restaurant Brands International Inc | 6,753,112 | 489,610.0 | -16.42% | 9.040 | -1.92% | 1.940 | +5.21% | +16.20% | 27,284.1 | Restaurants | |
GOOG | Alphabet Inc | 1,371,931 | 484,740.0 | +16.15% | 8.950 | +1.24% | 0.010 | -10.84% | +7.03% | 4,126,368.6 | Interactive Media | |
FERG | Ferguson Enterprises Inc | 1,450,594 | 344,270.0 | +0.57% | 6.360 | +0.04% | 0.750 | -0.28% | +2.40% | 43,432.1 | Industrial Distribution | |
GPC | Genuine Parts Co | 2,816,178 | 332,250.0 | +88.96% | 6.130 | +2.89% | 2.040 | +38.95% | +12.56% | 18,703.4 | Vehicles & Parts | |
UNP | Union Pacific Corp | 1,185,395 | 322,430.0 | -23.08% | 5.950 | -1.69% | 0.200 | +15.01% | +31.95% | 178,620.7 | Transportation | |
V | Visa Inc | 701,355 | 240,630.0 | 0% | 4.440 | 0% | 0.040 | +16.46% | +8.82% | 713,761.9 | Credit Services | |
WCC | WESCO International Inc | 662,881 | 228,980.0 | -53.87% | 4.230 | -4.14% | 1.360 | -5.61% | +39.62% | 16,588.7 | Industrial Distribution | |
AON | Aon PLC | 687,000 | 227,870.0 | -10.66% | 4.210 | -0.52% | 0.320 | +1.96% | -8.24% | 68,202.6 | Insurance |
Seth Klarman's Historical Top Holdings Breakdowns
Seth Klarman's Top Stock Picks
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| Ticker | | Company | Date | Action | Impact % | Price Range | Price | Price Change from Avrg% | Comment | Current Shares | Share Change |
|---|---|---|---|---|---|---|---|---|---|---|---|
WTW | Willis Towers Watson PLC | 2026-06-30 | Sold Out Sold Out | -5.08% | 242.12 ($267.88) 297.84 | $338.55 | 26.38% | Sold Out | 0 | -893,126 | |
WCC | WESCO International Inc | 2026-06-30 | Reduce Reduce | -4.14% | 273.62 ($338.3) 374.52 | $340.40 | 0.62% | Reduce -53.87% | 662,881 | -774,000 | |
GPC | Genuine Parts Co | 2026-06-30 | Add Add | +2.89% | 92.47 ($104.4) 117.98 | $135.67 | 29.95% | Add 88.96% | 2,816,178 | 1,325,830 | |
AMZN | Amazon.com Inc | 2026-06-30 | Add Add | +2.75% | 208.27 ($250.33) 274.99 | $259.77 | 3.77% | Add 20.04% | 3,743,854 | 625,100 | |
CME | CME Group Inc | 2026-06-30 | New Buy New Buy | +2.52% | 218.58 ($276.93) 310.58 | $285.50 | 3.09% | New holding | 619,000 | 619,000 | |
QSR | Restaurant Brands International Inc | 2026-06-30 | Reduce Reduce | -1.92% | 71.5 ($76.11) 81.67 | $77.88 | 2.33% | Reduce -16.42% | 6,753,112 | -1,327,000 | |
UNP | Union Pacific Corp | 2026-06-30 | Reduce Reduce | -1.69% | 242.62 ($262.26) 279.39 | $300.67 | 14.65% | Reduce -23.08% | 1,185,395 | -355,600 | |
NCLH | Norwegian Cruise Line Holdings Ltd | 2026-06-30 | Add Add | +1.60% | 14.79 ($18.66) 21.92 | $16.14 | -13.50% | Add 112.95% | 7,730,000 | 4,100,000 | |
EXP | Eagle Materials Inc | 2026-06-30 | Reduce Reduce | -1.34% | 185.14 ($208.79) 235.44 | $194.26 | -6.96% | Reduce -40.55% | 530,763 | -362,000 | |
GOOG | Alphabet Inc | 2026-06-30 | Add Add | +1.24% | 286.86 ($356.27) 399.04 | $335.41 | -5.86% | Add 16.15% | 1,371,931 | 190,800 |
Seth Klarman Total Holding History ($B)
Seth Klarman's Asset Allocation
Seth Klarman Past Portfolios
| Portfolio Date | Number of Stocks | New Stocks | Total Value ($Mil) | Q/Q Turnover |
|---|---|---|---|---|
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Seth Klarman's Hypothetical Growth since 2026-06-30
Seth Klarman's Yearly Returns
This information is only displayed for Gurus who publicly disclose audited performance records; most hedge funds and private investment firms do not publish such data or only provide limited historical performance information.
| Year | Portfolio % | % | Excess Gain % |
|---|
Seth Klarman's Holdings Heat Map
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Seth Klarman's Holdings Bubble Chart
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