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SK

Seth Klarman Baupost Group

AUM $5.42B
1-Year Est. Return 22.93%
 

Seth Klarman is the founder and CEO of the Baupost Group, one of the most respected value-oriented investment firms. He is the author of Margin of Safety and is known for patient, opportunistic capital allocation across equities, credit, and special situations. Klarman’s approach emphasizes downside protection, cash when opportunities are scarce, and independent thinking when markets become crowded.

This Fund
S&P 500
This Quarter Est. Return
-5.99%
1 Year Est. Return
+22.93%
3 Year Est. Return
+47.86%
5 Year Est. Return
+25.7%
10 Year Est. Return
+163.46%
AUM
$3.63B
AUM Growth
-$16.7M
Cap. Flow
+$105M
Cap. Flow %
2.9%
Top 10 Hldgs %
76.57%
Holding
27
New
5
Increased
9
Reduced
7
Closed
3

Top Buys

Rank Stock Value
1
HUM icon
Humana
HUM
+$142M
2
CRH icon
CRH
CRH
+$121M
3
SOLV icon
Solventum
SOLV
+$110M
4
WCC
WESCO International
WCC
+$102M
5
WSC icon
WillScot Mobile Mini Holdings
WSC
+$97.7M

Top Sells

Rank Stock Value
1
GOOG icon
Alphabet (Google) Class C
GOOG
+$321M
2
FIS icon
Fidelity National Information Services
FIS
+$153M
3
LSXMK
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
+$78.3M
4
LSXMA
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
+$49.5M
5
WBD icon
Warner Bros
WBD
+$32.4M

Sector Composition

Rank Sector Weight
1 Communication Services 30.64%
2 Technology 19.78%
3 Healthcare 13.71%
4 Financials 11.92%
5 Materials 10.77%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WBD icon
26
Warner Bros
WBD
$71.6B
– –
-3,713,930
Closed -$32.4M
1
2

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Seth Klarman's Q2 2024 Portfolio in Review

As of Q2 2024, Seth Klarman held 27 positions worth $3.63B, down 0.46% from $3.65B the previous quarter. Its ten largest holdings account for 77% of the portfolio.

Seth Klarman's Q2 2024 filing shows 5 new, 9 increased, 7 reduced and 3 closed positions. Its largest new stake was Humana: 420,000 shares worth $157M. The largest sale was Alphabet (Google) Class C, an estimated $321M.

By sector, the portfolio is most concentrated in Communication Services at 31% of assets, down from 43% a quarter earlier, followed by Technology and Healthcare.

  • Seth Klarman's largest Q2 2024 buy was Humana: 420,000 shares worth $157M.
  • Seth Klarman added most to CRH in Q2 2024, an estimated $121M increase.
  • Seth Klarman's biggest Q2 2024 reduction was Alphabet (Google) Class C, cutting an estimated $321M.
  • Seth Klarman fully exited Warner Bros in Q2 2024, selling an estimated $32.4M.
  • Seth Klarman's ten largest holdings make up 77% of its $3.63B portfolio in Q2 2024.
  • Seth Klarman opened 5 new positions and closed 3 in Q2 2024.
  • Seth Klarman's portfolio value fell 0.46% quarter-over-quarter to $3.63B.

Based on Baupost Group's 13F filing for Q2 2024, filed 13 Aug 2024.