SK

Seth Klarman

Value
Baupost Group

Founder of The Baupost Group and author of "Margin of Safety." A legendary value investor who focuses on deep-discount, event-driven, and distressed opportunities with a strong emphasis on downside protection.

Q2 2026 13F FilingFiled August 13, 2026View on SEC EDGAR
Total positions
23
Portfolio value
$5.4M
Top-10 concentration
74.9%
New positions
3
Exited positions
0
vs last quarter:▲ 3 new↑ 6 increased↓ 9 reduced
Sector allocation4 sectors
Other71.2%
Consumer Cyclical22.6%
Financial Services4.2%
Real Estate2.0%

Q2 2026 Portfolio23 positions

#, Company, % of Portfolio, Value
#Company% of PortfolioValueSharesvs Last Qtr
1
AMZNAMAZON COM INC10
16.5%
$892K3.74M625K
2
ELEVANELEVANCE HEALTH INC FORMERLY2
9.1%
$493K1.28M—
3
RESTAURESTAURANT BRANDS INTL INC3
9.0%
$490K6.75M1.33M
4
ALPHABALPHABET INC9
9.0%
$485K1.37M191K
5
FERGUSFERGUSON ENTERPRISES INC4
6.4%
$344K1.45M8K
6
GPCGENUINE PARTS CO2
6.1%
$332K2.82M1.33M
7
UNION UNION PAC CORP6
6.0%
$322K1.19M356K
8
VISA IVISA INC6
4.4%
$241K701K—
9
WESCO WESCO INTL INC3
4.2%
$229K663K774K
10
AONAON PLC4
4.2%
$228K687K82K
11
TELEFLTELEFLEX INCORPORATED2
3.3%
$179K1.41M186K
12
NORWEGNORWEGIAN CRUISE LINE HLDGS2
3.0%
$163K7.73M4.10M
13
MOLINAMOLINA HEALTHCARE INC2
2.7%
$145K634K—
14
CME GRCME GROUP INC5
2.5%
$137K619KNEW
15
HERBALHERBALIFE LTD2
2.2%
$122K9.26M—
16
EAGLE EAGLE MATLS INC2
2.2%
$119K531K362K
17
GDS HLGDS HLDGS LTD3
2.1%
$113K3.77M725K
18
COLDAMERICOLD REALTY TRUST INC2
2.0%
$107K6.83M951K
19
LIBERTLIBERTY GLOBAL LTD5
1.7%
$94K8.54M4.85M
20
GRUPO GRUPO AEROMEXICO SAB DE CV3
1.6%
$88K4.88M—
21
AXALTAAXALTA COATING SYS LTD2
0.81%
$44K1.27MNEW
22
DNOW IDNOW INC2
0.67%
$36K2.79M837K
23
PERSHIPERSHING SQUARE INC
0.24%
$13K392KNEW
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Data sourced from SEC 13F-HR filings via EDGAR. Holdings are reported quarterly and may not reflect current positions. CUSIP-to-ticker mapping is approximate. Not financial advice.