 | |
Seth Klarman13F | |
| The Baupost Group | |
| Last update 2026-05-14 | 22 Stocks (6 new) |
| Value $5.12 Bil | Turnover 23 % |
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 2026-03-31
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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 | 3,118,754 | 649,540.0 | +47.01% | 12.700 | +4.06% | 0.030 | +2.11% | +10.46% | 2,742,632.6 | Retail - Cyclical | |
QSR | Restaurant Brands International Inc | 8,080,112 | 597,210.0 | 0% | 11.670 | 0% | 2.330 | -3.55% | +10.68% | 25,464.7 | Restaurants | |
WCC | WESCO International Inc | 1,436,881 | 393,160.0 | +1.27% | 7.690 | +0.10% | 2.950 | +9.52% | +38.10% | 16,398.9 | Industrial Distribution | |
UNP | Union Pacific Corp | 1,540,995 | 373,880.0 | -5.30% | 7.310 | -0.38% | 0.260 | +15.45% | +25.96% | 171,203.1 | Transportation | |
ELV | Elevance Health Inc | 1,275,154 | 373,300.0 | +0.46% | 7.300 | +0.03% | 0.590 | +24.10% | +12.49% | 84,765.0 | Healthcare Plans | |
GOOG | Alphabet Inc | 1,181,131 | 338,820.0 | +8.64% | 6.620 | +0.53% | 0.010 | +11.32% | +18.13% | 4,522,273.7 | Interactive Media | |
FERG | Ferguson Enterprises Inc | 1,442,411 | 336,460.0 | +26.86% | 6.580 | +1.39% | 0.740 | -9.98% | +4.75% | 44,706.5 | Industrial Distribution | |
WTW | Willis Towers Watson PLC | 893,126 | 259,630.0 | -34.21% | 5.080 | -2.89% | 0.950 | -3.27% | -12.63% | 26,929.0 | Insurance | |
AON | Aon PLC | 769,000 | 248,220.0 | New Holding | 4.850 | +4.85% | 0.360 | +6.19% | +1.12% | 75,851.9 | Insurance | |
V | Visa Inc | 701,355 | 211,980.0 | New Holding | 4.140 | +4.14% | 0.040 | +12.94% | +1.68% | 675,385.3 | Credit Services |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FIS |
Fidelity National Information Services Inc
Fidelity National Information Services Inc
| 2026-03-31 | Sold Out Sold Out | -5.67% | 46.8 ($53.78) 67.54 | $41.10 | -23.58% | Sold Out | 0 | -4,503,801 | |
DG | Dollar General Corp | 2026-03-31 | Sold Out Sold Out | -5.19% | 117.16 ($142.58) 156.24 | $121.28 | -14.94% | Sold Out | 0 | -2,062,821 | |
AON | Aon PLC | 2026-03-31 | New Buy New Buy | +4.85% | 309.97 ($332.33) 351.97 | $355.15 | 6.87% | New holding | 769,000 | 769,000 | |
V | Visa Inc | 2026-03-31 | New Buy New Buy | +4.14% | 295.52 ($321.55) 357.56 | $355.14 | 10.45% | New holding | 701,355 | 701,355 | |
AMZN | Amazon.com Inc | 2026-03-31 | Add Add | +4.06% | 198.79 ($220.17) 247.38 | $254.96 | 15.80% | Add 47.01% | 3,118,754 | 997,363 | |
TFX | Teleflex Inc | 2026-03-31 | New Buy New Buy | +3.73% | 100.34 ($110.25) 126.53 | $131.75 | 19.50% | New holding | 1,595,000 | 1,595,000 | |
WTW | Willis Towers Watson PLC | 2026-03-31 | Reduce Reduce | -2.89% | 280.09 ($306.82) 339.74 | $285.12 | -7.07% | Reduce -34.21% | 893,126 | -464,475 | |
FISV | Fiserv Inc | 2026-03-31 | Sold Out Sold Out | -2.80% | 53.9 ($61.88) 69.85 | $50.36 | -18.62% | Sold Out | 0 | -2,200,000 | |
CRH | CRH PLC | 2026-03-31 | Sold Out Sold Out | -2.54% | 99.73 ($117.45) 131.38 | $103.96 | -11.49% | Sold Out | 0 | -1,072,957 | |
LBTYK | Liberty Global Ltd | 2026-03-31 | Reduce Reduce | -1.57% | 10.21 ($11.46) 12.67 | $10.43 | -8.99% | Reduce -35.85% | 13,397,247 | -7,487,534 |
Seth Klarman Total Holding History ($B)
Seth Klarman's Asset Allocation
Seth Klarman Past Portfolios
| Portfolio Date | Number of Stocks | New Stocks | Total Value ($Mil) | Q/Q Turnover |
|---|---|---|---|---|
Top Ranked Articles
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Seth Klarman's Hypothetical Growth since 2026-03-31
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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