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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
+17.01%
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
$10.8B
AUM Growth
+$1.58B
Cap. Flow
+$194M
Cap. Flow %
1.79%
Top 10 Hldgs %
65.79%
Holding
52
New
15
Increased
8
Reduced
6
Closed
7

Top Buys

Rank Stock Value
1
INTC icon
Intel
INTC
+$888M
2
MPC icon
Marathon Petroleum
MPC
+$276M
3
QRVO icon
Qorvo
QRVO
+$217M
4
FNF icon
Fidelity National Financial
FNF
+$133M
5
ADV icon
Advantage Solutions
ADV
+$131M

Top Sells

Rank Stock Value
1
PARA
Paramount Global Class B
PARA
+$454M
2
HDS
HD Supply Holdings, Inc.
HDS
+$281M
3
HPQ icon
HP
HPQ
+$253M
4
MCK icon
McKesson
MCK
+$249M
5
AMAT icon
Applied Materials
AMAT
+$137M

Sector Composition

Rank Sector Weight
1 Communication Services 34.4%
2 Technology 27.34%
3 Consumer Discretionary 14.43%
4 Healthcare 6.09%
5 Financials 5.8%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HDS
51
DELISTED
HD Supply Holdings, Inc.
HDS
– –
-6,818,119
Closed -$281M
1 2
3

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Seth Klarman's Q4 2020 Portfolio in Review

As of Q4 2020, Seth Klarman held 52 positions worth $10.8B, up 17% from $9.25B the previous quarter. Its ten largest holdings account for 66% of the portfolio.

Seth Klarman's Q4 2020 filing shows 15 new, 8 increased, 6 reduced and 7 closed positions. Its largest new stake was Intel: 18,185,569 shares worth $906M. The largest sale was Paramount Global Class B, an estimated $454M.

By sector, the portfolio is most concentrated in Communication Services at 34% of assets, down from 39% a quarter earlier, followed by Technology and Consumer Discretionary.

  • Seth Klarman's largest Q4 2020 buy was Intel: 18,185,569 shares worth $906M.
  • Seth Klarman added most to Qorvo in Q4 2020, an estimated $217M increase.
  • Seth Klarman's biggest Q4 2020 reduction was Paramount Global Class B, cutting an estimated $454M.
  • Seth Klarman fully exited HD Supply Holdings, Inc. in Q4 2020, selling an estimated $281M.
  • Seth Klarman's ten largest holdings make up 66% of its $10.8B portfolio in Q4 2020.
  • Seth Klarman opened 15 new positions and closed 7 in Q4 2020.
  • Seth Klarman's portfolio value rose 17% quarter-over-quarter to $10.8B.

Based on Baupost Group's 13F filing for Q4 2020, filed 12 Feb 2021.