Seth Klarman - Baupost Group
Superinvestor profile · Rank #93 by reported 13F value (2026 Q2 filers) · CIK 0001061768 · All profiles
Founded 1982Boston, Massachusetts, U.S.Value investing with event-driven bias, risk-averse and margin-of-safety focusedKey person: Seth Klarman
Reported 13F value
$5.4B
Period 2026-06-30 · Filed 2026-08-13
Positions
23
Top 10 = 74.9% of value
Clone CAGR (full window)
+5.1%
2016-11-14 → 2026-10-02 · cumulative +63%
SPY CAGR (same window)
+15.5%
Cumulative +316%
Max drawdown (monthly)
-40%
Month-end values, approximate
Latest-quarter activity
3 new · 2 exited
6 increased · 9 decreased
Hypothetical clone — not this fund's returns. The performance on this page replicates only the long U.S. equity positions disclosed on this manager's Form 13F filings, rebalanced on filing dates at disclosed weights with dividend-adjusted prices. It excludes shorts, bonds, cash, non-U.S. listings, private holdings, leverage and fees. Treat it as a measure of how the disclosed stock picks performed, never as the fund's track record. Evidence: filing-by-filing dossier (PDF) · Methodology (PDF)
Clone performance
| Window | Clone CAGR | Note |
|---|---|---|
| Full window (2016-11-14 → 2026-10-02, 40 filings) | +5.09% | Cumulative +63.3% vs SPY +316.1% |
| Trailing 10Y | — | |
| Trailing 5Y | +3.76% | |
| Trailing 3Y | +17.89% | |
| Trailing 1Y | +21.18% |
Top holdings — 2026 Q2 filing
| Ticker | Company | Weight | Reported value |
|---|---|---|---|
| AMZN | Amazon Com Inc | 16.48% | $892M |
| ELV | Elevance Health Inc Formerly | 9.11% | $493M |
| QSR | Restaurant Brands Intl Inc | 9.04% | $490M |
| GOOG | Alphabet Inc | 8.95% | $485M |
| FERG | Ferguson Enterprises Inc | 6.36% | $344M |
| GPC | Genuine Parts Co | 6.13% | $332M |
| UNP | Union Pac Corp | 5.95% | $322M |
| V | Visa Inc | 4.44% | $241M |
| WCC | Wesco Intl Inc | 4.23% | $229M |
| AON | Aon Plc | 4.21% | $228M |
As reported on the 2026-06-30 Form 13F (filed 2026-08-13). Full holdings and quarter changes: holdings page.
Filing history in this profile
Every clone input traces to one of these SEC filings. 88.0% of the latest filing's reported value is covered by our price history; the remainder is mostly non-U.S. listings, recent IPOs or delisted names and is excluded from the clone.
Background (founded / HQ / style) source: https://en.wikipedia.org/wiki/The_Baupost_Group — Founded in 1982 in Boston; Seth Klarman remains President and portfolio manager. Baupost emphasises risk management, often holds substantial cash and generally avoids leverage outside real estate.