Seth Klarman: Stock Portfolio, Performance and Latest Trades
Baupost Group
13F portfolio value
$5.4B
23 holdings at Q2 2026
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Seth Klarman's portfolio
As of Q2 2026, filed August 13, 2026 · prices as of October 8, 2026
| Company | Share of portfolio | Average buy price | Return | Current price | Last quarter |
|---|---|---|---|---|---|
Amazon.com Inc.AMZN | 16.5% | $230.20 | +10.4% | $254.06 | Added +20% |
Anthem Inc.ELV | 9.11% | $353.35 | +13.5% | $400.94 | No change |
| 9.04% | $66.91 | +5.6% | $70.66 | Reduced −16% | |
Alphabet Inc.GOOG | 8.95% | $184.29 | +87.1% | $344.86 | Added +16% |
| 6.36% | $208.71 | +3.8% | $216.73 | Added +0.6% | |
| 6.13% | $119.96 | +6.8% | $128.17 | Added +89% | |
| 5.95% | $225.61 | +23.3% | $278.20 | Reduced −23% | |
| 4.44% | $321.55 | +16.7% | $375.10 | No change | |
| 4.23% | $172.78 | +106% | $355.93 | Reduced −54% | |
| 4.21% | $332.33 | −16.6% | $277.12 | Reduced −11% | |
| 3.30% | $110.25 | +12.6% | $124.19 | Reduced −12% | |
| 3.01% | $20.16 | −23.1% | $15.49 | Added +113% | |
| 2.68% | $164.30 | +19.1% | $195.76 | No change | |
| 2.52% | $276.63 | −0.1% | $276.44 | New | |
| 2.25% | $10.75 | +19.2% | $12.82 | No change | |
| 2.21% | $237.37 | −29.5% | $167.30 | Reduced −41% | |
| 2.09% | $13.30 | +129% | $30.44 | Added +24% | |
| 1.98% | $13.59 | +1.6% | $13.81 | Reduced −12% | |
Liberty Global Ltd-ALBTYK | 1.74% | $17.32 | −49.5% | $8.75 | Reduced −36% |
| 1.62% | $19.15 | −17.6% | $15.78 | No change | |
| 0.81% | $30.08 | +9.1% | $32.81 | New | |
Dnow Inc.DNOW | 0.67% | $13.53 | +15.6% | $15.65 | Reduced −23% |
| 0.24% | $36.11 | +50.8% | $54.44 | New |
Seth Klarman's buys and sells
| Company | Action | Shares change | Value now |
|---|---|---|---|
Alphabet Inc.GOOG | Reduced −64% | −1,888,064 | $196.2M |
Humana Inc.HUM | New | +420,000 | $156.9M |
| Reduced −37% | −2,069,715 | $264.5M | |
Liberty Media Corp.531229789 | Reduced −76% | −3,292,432 | $23.5M |
Viasat Inc.VSAT | Reduced −8.5% | −1,271,474 | $174.7M |
Solventum Corp.SOLV | New | +1,820,000 | $96.2M |
| New | +2,470,000 | $93M | |
| Added +290% | +597,276 | $127.3M | |
CRH PLCCRH | Added +56% | +1,517,059 | $316.9M |
Liberty Media Corp.531229813 | Reduced −78% | −2,077,462 | $13.3M |
| Added +934% | +2,836,563 | $73.3M | |
| Added +53% | +440,552 | $136M | |
| New | +1,000,000 | $33.1M | |
| Sold out | −3,713,930 | — | |
| Added +128% | +2,879,603 | $53.2M | |
Theravance Biopharma Inc.G8807B106 | Reduced −36% | −2,394,105 | $35.6M |
| Added +63% | +1,649,952 | $39.5M | |
Verisign Inc.VRSN | New | +105,764 | $18.8M |
| Sold out | −4,774,615 | — | |
| Reduced −2.5% | −12,568 | $69M | |
Clarivate PLCCLVT | Added +27% | +8,331,233 | $221.5M |
| Sold out | −1,130,636 | — | |
| Added +6.2% | +96,981 | $433.2M | |
| Added +31% | +80,102 | $74.4M |
Seth Klarman's portfolio by sector
Share of the stock portfolio at Q2 2026.
| Sector | Share |
|---|---|
| Industrials | 28% |
| Consumer Discretionary | 26% |
| Financials | 23% |
| Communication Services | 11% |
| Health Care | 5.5% |
| Materials | 3.0% |
| Technology | 2.1% |
| Real Estate | 2.0% |
Portfolio performance: Seth Klarman vs. benchmarks
Your result if you had bought each reported portfolio on the day it was made public and held it until the next report, against the S&P 500 and Nasdaq-100.
- You, copying after each 13F filing – estimated value
- S&P 500
- Nasdaq-100
| Total return | Per year | |
|---|---|---|
| You, copying after each 13F filing – estimated value | +19.8% | +3.7% |
| S&P 500 | +89.0% | +13.6% |
| Nasdaq-100 | +113.3% | +16.4% |
Prices were available for 67% of the portfolio value on average; the rest is left out of the return.
Seth Klarman's most traded stocks
Quarters with a buy or a sell, all reports since Q2 2013.
| Company | Quarters bought | Quarters sold |
|---|---|---|
| 24 | 19 | |
Alphabet Inc.GOOG | 11 | 13 |
Qorvo Inc.QRVO | 11 | 13 |
| 9 | 11 | |
| 11 | 9 | |
| 15 | 4 | |
| 9 | 9 | |
| 8 | 9 | |
Ebay Inc.EBAY | 8 | 8 |
| 11 | 4 | |
| 11 | 4 | |
| 8 | 6 | |
Viasat Inc.VSAT | 7 | 7 |
| 7 | 7 | |
| 8 | 6 |