 | |
Seth Klarman13F | |
| The Baupost Group | |
| Last update 2025-05-14 | 22 Stocks (4 new) |
| Value $3.48 Bil | Turnover 23 % |
Seth Klarman Investing Philosophy
Seth Klarman invests in a wide array of investments, ranging from fairly traditional value stocks to more esoteric investments like distressed debt, liquidations and foreign equities or bonds. Klarman doesn't mind "doing nothing" on occasion. He is completely unperturbed by the idea of sitting on the sidelines holding cash whenever investment opportunities are scarce. Investing, he cautions, is more than just producing absolute returns. Too often investors focus on that one easy number "return" and ignore the risks incurred to generate that number.
Seth Klarman Top Holdings of 2025-03-31
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| Ticker | | Company | Shares | Value ($1000) | Shares Change % | Weighting % | Trade Impact % | % of Shares outstanding | 3M Change % | YTD Change % | Market Cap $Mil | Industry |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WTW | Willis Towers Watson PLC | 1,525,667 | 515,600.0 | -16.94% | 14.810 | -2.85% | 1.540 | -7.89% | -1.63% | 30,466.7 | Insurance | |
GOOG | Alphabet Inc | 2,077,988 | 324,640.0 | +45.72% | 9.330 | +2.93% | 0.020 | -2.01% | -9.96% | 2,069,394.9 | Interactive Media | |
WCC | WESCO International Inc | 2,005,601 | 311,470.0 | +39.70% | 8.950 | +2.54% | 4.110 | +0.18% | -5.25% | 8,343.7 | Industrial Distribution | |
LBTYK | Liberty Global Ltd | 24,657,803 | 295,150.0 | -37.50% | 8.480 | -5.68% | 7.140 | -17.81% | -24.12% | 3,401.6 | Telecommunication Services | |
FIS | Fidelity National Information Services Inc | 3,492,947 | 260,850.0 | New Holding | 7.490 | +7.49% | 0.660 | +16.11% | +0.13% | 42,254.9 | Software | |
QSR | Restaurant Brands International Inc | 3,886,562 | 259,000.0 | +33.94% | 7.440 | +1.89% | 1.190 | +8.39% | +10.82% | 23,391.3 | Restaurants | |
CRH | CRH PLC | 2,694,395 | 237,030.0 | +2.01% | 6.810 | +0.13% | 0.400 | -8.76% | +1.32% | 62,736.5 | Building Materials | |
EXP | Eagle Materials Inc | 909,633 | 201,880.0 | +42.53% | 5.800 | +1.73% | 2.730 | -8.32% | -17.93% | 6,615.1 | Building Materials | |
DG | Dollar General Corp | 2,104,876 | 185,080.0 | +2.14% | 5.320 | +0.11% | 0.960 | +55.64% | +52.47% | 25,081.4 | Retail - Defensive | |
FERG | Ferguson Enterprises Inc | 1,132,000 | 181,380.0 | 0% | 5.210 | 0% | 0.560 | +26.07% | +23.96% | 42,961.0 | Industrial Distribution |
Seth Klarman's Historical Top Holdings Breakdowns
Seth Klarman's Top Stock Picks
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| Ticker | | Company | Date | Action | Impact % | Price Range | Price | Price Change from Avrg% | Comment | Current Shares | Share Change |
|---|---|---|---|---|---|---|---|---|---|---|---|
FIS | Fidelity National Information Services Inc | 2025-03-31 | New Buy | +7.49% | 68.12 ($75.19) 83.42 | $80.50 | 7.06% | New holding | 3,492,947 | 3,492,947 | |
LBTYK | Liberty Global Ltd | 2025-03-31 | Reduce | -5.68% | 11.25 ($12.03) 13.58 | $10.00 | -16.87% | Reduce -37.5% | 24,657,803 | -14,796,040 | |
CLVT | Clarivate PLC | 2025-03-31 | Reduce | -3.79% | 3.93 ($4.74) 5.66 | $4.34 | -8.44% | Reduce -70.29% | 10,777,863 | -25,501,342 | |
ELV | Elevance Health Inc | 2025-03-31 | New Buy | +3.07% | 365.83 ($401.43) 436.25 | $384.27 | -4.27% | New holding | 246,000 | 246,000 | |
SNRE | Sunrise Communications AG | 2025-03-31 | Sold Out | -2.94% | 43.27 ($46.86) 50.18 | $53.19 | 13.50% | Sold Out | 0 | -2,335,263 | |
GOOG | Alphabet Inc | 2025-03-31 | Add | +2.93% | 156.06 ($183.12) 207.71 | $170.35 | -6.97% | Add 45.72% | 2,077,988 | 652,000 | |
WTW | Willis Towers Watson PLC | 2025-03-31 | Reduce | -2.85% | 306.61 ($325.92) 340.88 | $307.59 | -5.62% | Reduce -16.94% | 1,525,667 | -311,081 | |
HUM | Humana Inc | 2025-03-31 | Sold Out | -2.57% | 249.11 ($270.45) 303.11 | $226.85 | -16.12% | Sold Out | 0 | -346,000 | |
WCC | WESCO International Inc | 2025-03-31 | Add | +2.54% | 155.3 ($178.9) 199.95 | $170.00 | -4.97% | Add 39.7% | 2,005,601 | 569,930 | |
ICLR | Icon PLC | 2025-03-31 | New Buy | +2.04% | 174.99 ($193.87) 222.58 | $135.91 | -29.89% | New holding | 405,000 | 405,000 |
Seth Klarman Total Holding History ($B)
Seth Klarman's Asset Allocation
Seth Klarman Past Portfolios
| Portfolio Date | Number of Stocks | New Stocks | Total Value ($Mil) | Q/Q Turnover |
|---|---|---|---|---|
Top Ranked Articles
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Seth Klarman's Hypothetical Growth since 2025-03-31
Seth Klarman's Yearly Returns
| Year | Portfolio % | % | Excess Gain % |
|---|
Seth Klarman's Holdings Heat Map
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Seth Klarman's Holdings Bubble Chart
Seth Klarman News
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