We are live on ! Find out more
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
+0.36%
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
$10.9B
AUM Growth
-$1.44B
Cap. Flow
-$1.29B
Cap. Flow %
-11.82%
Top 10 Hldgs %
67.67%
Holding
65
New
6
Increased
6
Reduced
7
Closed
8

Top Buys

Rank Stock Value
1
DBX icon
Dropbox
DBX
+$288M
2
LSXMK
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
+$123M
3
LFG
Archaea Energy Inc.
LFG
+$68.8M
4
JOBY icon
Joby Aviation
JOBY
+$65.5M
5
LSXMA
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
+$42.8M

Top Sells

Rank Stock Value
1
EBAY icon
eBay
EBAY
+$638M
2
TBIO
Translate Bio, Inc. Common Stock
TBIO
+$494M
3
PCG icon
PG&E
PCG
+$221M
4
WTW icon
Willis Towers Watson
WTW
+$198M
5
IFF icon
International Flavors & Fragrances
IFF
+$126M

Sector Composition

Rank Sector Weight
1 Communication Services 40.45%
2 Technology 37.56%
3 Financials 7.15%
4 Consumer Discretionary 4.07%
5 Industrials 3.82%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AUROW
51
Aurora Innovation Warrant
AUROW
$246M
$1.13M 0.01%
750,000
– –
HZON.WS
52
DELISTED
Horizon Acquisition Corporation II Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
HZON.WS
$1.05M 0.01%
1,166,666
– –
LMACW
53
DELISTED
Liberty Media Acquisition Corporation Warrants
LMACW
$928K 0.01%
640,000
– –
IIAC.WS
54
DELISTED
Investindustrial Acquisition Corp. Redeemable Warrants, each whole warrant exercisable for one Class
IIAC.WS
$903K 0.01%
700,000
– –
SVFAW
55
DELISTED
SVF Investment Corp. Warrant
SVFAW
$200K ﹤0.01%
200,000
– –
HIPO.WS
56
DELISTED
Hippo Holdings Inc. Redeemable warrants, each whole warrant exercisable for one twenty-fifth (1/25) share of Common Stock at an exercise price of $287.50 per full share
HIPO.WS
$184K ﹤0.01%
+200,000
New +$210K
AUR icon
57
Aurora
AUR
$12.5B
– –
-6,000,000
Closed -$59.3M
HIPO icon
58
Hippo Holdings
HIPO
$874M
– –
-40,000
Closed -$9.93M
CZOO
59
DELISTED
Cazoo Group Ltd
CZOO
– –
-2,112
Closed -$42.1M
SKINW
60
DELISTED
The Beauty Health Company Warrant expiring 5/4/2026
SKINW
– –
-898,981
Closed -$5.75M
TBIO
61
DELISTED
Translate Bio, Inc. Common Stock
TBIO
– –
-18,044,239
Closed -$494M
AJAX.WS
62
DELISTED
Capri Listco Redeemable Warrants, each warrant exercisable for one Class A ordinary share at an exer
AJAX.WS
– –
-1,250,000
Closed -$2.34M
RTP.WS
63
DELISTED
Reinvent Technology Partners Redeemable Warrants, each whole warrant exercisable for one Class A ord
RTP.WS
– –
-875,000
Closed -$1.71M
RTPZ.WS
64
DELISTED
Reinvent Technology Partners Z Redeemable warrants, each whole warrant exercisable for one Class A o
RTPZ.WS
– –
-200,000
Closed -$362K
1 2
3

Similar funds

SNT
SIG North Trading Bala Cynwyd, Pennsylvania $5.42B AUM 31.03% 1-Year Est. Return
MYIA
Mount Yale Investment Advisors Denver, Colorado $5.4B AUM 28.46% 1-Year Est. Return
O
OrbiMed New York $5.4B AUM 163.13% 1-Year Est. Return
RC
Resolution Capital Sydney, NSW, Australia $5.44B AUM 27.71% 1-Year Est. Return
SCM
Shelton Capital Management Denver, Colorado $5.39B AUM 56.42% 1-Year Est. Return
AC
AlphaCore Capital La Jolla, California $5.44B AUM 26.35% 1-Year Est. Return
TPCW
TD Private Client Wealth New York $5.44B AUM 18.56% 1-Year Est. Return
BJL
Brighton Jones LLC Seattle, Washington $5.38B AUM 27.31% 1-Year Est. Return

Seth Klarman's Q3 2021 Portfolio in Review

As of Q3 2021, Seth Klarman held 65 positions worth $10.9B, down 12% from $12.3B the previous quarter. Its ten largest holdings account for 68% of the portfolio.

Seth Klarman withdrew a net $1.29B in Q3 2021, closing 8 positions and reducing 7 holdings. Its most notable exit was Translate Bio, Inc. Common Stock, an estimated $494M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 40% of assets, up from 33% a quarter earlier, followed by Technology and Financials.

Against the trend, Seth Klarman opened a new position in Dropbox worth $271M.

  • Seth Klarman's largest Q3 2021 buy was Dropbox: 9,287,500 shares worth $271M.
  • Seth Klarman added most to Liberty Media Corporation Series C Liberty SiriusXM Common Stock in Q3 2021, an estimated $123M increase.
  • Seth Klarman's biggest Q3 2021 reduction was eBay, cutting an estimated $638M.
  • Seth Klarman fully exited Translate Bio, Inc. Common Stock in Q3 2021, selling an estimated $494M.
  • Seth Klarman's ten largest holdings make up 68% of its $10.9B portfolio in Q3 2021.
  • Seth Klarman opened 6 new positions and closed 8 in Q3 2021.
  • Seth Klarman's portfolio value fell 12% quarter-over-quarter to $10.9B.

Based on Baupost Group's 13F filing for Q3 2021, filed 12 Nov 2021.