Seth Klarman

Seth Klarman

The Baupost Group
Last update 2018-12-13 36 Stocks (5 new)
Value $12.71 Bil Turnover 20 %
Top Holdings: FOXA(18.95%) LNG(7.76%) IRL:AGN(7.42%) VSAT(6.91%) PCG(6.87%)
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Seth Klarman 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.

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. 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.

Historical Allocation of Stock, Bonds, Cash

Performance of Baupost Fund

YearReturn %S&P500 %Excess Gain %
No Data

Commentaries and Stories
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Klarman Protege David Abrams Buys iHeartMedia, Increases Camping World
Value investor buys into bankrupt company
0 Votes
120 Views    Holly LaFon    2018-12-18 23:04
Seth Klarman’s Top 5 Holdings as of 3rd Quarter
Top holding is in high-conviction company Fox
0 Votes
191 Views    James Li    2018-12-18 22:03
Seth Klarman Gains Stake in Akebia Therapeutics
Klarman's Kleryx holding transitions into stake in fully integrated kidney care company with investor's approval
0 Votes
667 Views    Holly LaFon    2018-12-14 22:10
Some Thoughts on the Art of Waiting
Patience is a virtue when it comes to investing
2 Votes
424 Views    Rupert Hargreaves    2018-12-14 19:48
5 Entertainment Companies Gurus Agree On
Most broadly held entertainment companies include Disney, Fox and Netflix
0 Votes
258 Views    James Li    2018-12-05 21:51
A Pharmaceutical Company With a Resilient Portfolio and Solid Pipeline
Allergan is a very interesting play in the pharmaceutical sector
1 Votes
212 Views    Bram de Haas    2018-11-29 22:28
Contest: Seth Klarman Invested in This Junior Copper Mining Operation
Company has a decent chance of getting acquired in the next 12 months at a big premium
1 Votes
558 Views    Bram de Haas    2018-11-25 16:54
2 Foreign Oil Stocks to Buy Going Into December
When everyone's selling, look to buy
0 Votes
403 Views    Jonathan Poland    2018-11-23 17:18
Diversification Is Not a Short Cut, Says Seth Klarman
Some insights from one of the world's best value investors
3 Votes
869 Views    Rupert Hargreaves    2018-11-23 16:20
Are These Seth Klarman Stocks Worth Buying?
Some of the most interesting holdings in Baupost's portfolio
1 Votes
504 Views    Rupert Hargreaves    2018-11-20 21:43

Top Ranked Articles
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Re-Reading Seth Klarman
Excerpts from 2 OID issues
20 Votes
7139 Views    Grahamites    2017-11-09 15:17
A Fond Farewell
After 100 articles, it's time to hear new voices
19 Votes
1715 Views    Thomas Macpherson    2017-01-21 19:20
Investment Gems From Seth Klarman
Notes from Baupost's January 1990 letter to investors
12 Votes
3434 Views    Grahamites    2018-03-06 16:08
Sometimes a Bargain Isn't a Bargain
Notes on Seth Klarman's comments and answers during the 19th G&D Breakfast – Part I
10 Votes
3054 Views    Grahamites    2015-12-17 14:39
Notes From Michael Mauboussin's Talk at Google
10 Votes
2675 Views    Grahamites    2015-07-09 14:49
Are We Value Investors?
8 Votes
4526 Views    Thomas Macpherson    2015-08-01 18:24
Seth Klarman on Passive Investing
He is not a fan of the strategy
7 Votes
1447 Views    Rupert Hargreaves    2017-12-13 20:00
Seth Klarman's 3 Pillars of Investing
Some tips from one of the world's best value investors
7 Votes
1351 Views    Rupert Hargreaves    2018-11-05 16:47
Why Equities Are Not Overvalued
Seth Klarman excoriates common investors for being 'yield pigs' blindly piling into common stock
7 Votes
3018 Views    Alex Barrow    2017-02-06 19:58
Is Benjamin Graham Still Relevant?
Some people believe his principles are of no use today
6 Votes
1532 Views    Rupert Hargreaves    2016-10-06 20:53