Seth Klarman’s Eagle Materials EXP Stock Holding History

Seth Klarman’s Portfolio EXP Stock Details EXP Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q2	$119M	Sell	530,763 -362,000	-41%	-$75.7M	2.21%	16
2026 Q1	$169M	Sell	892,763 -292,485	-25%	-$62.2M	3.31%	12
2025 Q4	$245M	Buy	1,185,248 +245,588	+26%	+$54.2M	4.64%	11
2025 Q3	$219M	Buy	939,660 +263,403	+39%	+$59.7M	4.57%	12
2025 Q2	$137M	Sell	676,257 -233,376	-26%	-$50.3M	3.31%	12
2025 Q1	$202M	Buy	909,633 +271,410	+43%	+$64.4M	5.77%	8
2024 Q4	$157M	Buy	638,223 +137,950	+28%	+$39.8M	4.59%	9
2024 Q3	$144M	Buy	500,273 +158,171	+46%	+$39.5M	4.09%	10
2024 Q2	$74.4M	Buy	342,102 +80,102	+31%	+$19.6M	2.05%	15
2024 Q1	$71.2M	Buy	+262,000	New	+$61.9M	1.95%	14

Other funds holding EXP

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

Vanguard Portfolio Management Malvern, Pennsylvania $2.22T AUM

AllianceBernstein Nashville, Tennessee $302B AUM 26.44% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

JP Morgan Chase New York $1.81T AUM 41.13% 1-Year Est. Return

Neuberger Berman Group New York $150B AUM 40.08% 1-Year Est. Return

BCIM

Black Creek Investment Management Toronto, Ontario, Canada $1.78B AUM 5.83% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

Seth Klarman's EXP Position: Q2 2026 in Review

Seth Klarman reduced its Eagle Materials (EXP) stake by 41% in Q2 2026, selling an estimated $75.7M and leaving 530,763 shares worth $119M. The position accounts for 2.21% of the portfolio, ranked #16.

Seth Klarman first reported a position in EXP in Q1 2024 and has held it in 10 quarters since. The position peaked at $245M in Q4 2025. 530 funds tracked by Wall St. Rank hold EXP as of Q2 2026.

Seth Klarman held 530,763 shares of Eagle Materials worth $119M as of Q2 2026.
Seth Klarman sold 362,000 Eagle Materials shares in Q2 2026, an estimated $75.7M.
Eagle Materials made up 2.21% of Seth Klarman's portfolio in Q2 2026, its #16 holding.
Seth Klarman first reported a position in Eagle Materials in Q1 2024 and has held it in 10 quarters since.
Seth Klarman's Eagle Materials position peaked at $245M in Q4 2025.
530 funds tracked by Wall St. Rank held Eagle Materials as of Q2 2026.

Based on Baupost Group's 13F filing for Q2 2026, filed 13 Aug 2026.