Seth A. Klarman Portfolio
Invests via The Baupost Group | Managed by Seth A. Klarman
Invests via The Baupost Group
Managed by Seth A. Klarman
Automatically Tracked
Seth Klarman Profile
Built around deep-value and event-driven trades, Baupost Group was founded and remains guided by Seth A. Klarman, a Harvard Business School–educated investor renowned for disciplined cash management, opportunistic distressed-debt and special-situations investing, and willingness to hold significant cash during dislocations. The firm manages concentrated, long-biased portfolios with occasional hedges, serving institutional clients and family capital while prioritizing downside protection and asymmetric return opportunities across US and global markets.
Built around deep-value and event-driven trades, Baupost Group was founded and remains guided by Seth A. Klarman, a Harvard Business School–educated investor renowned for disciplined cash management, opportunistic distressed-debt and special-situations investing, and willingness to hold significant cash during dislocations. The firm manages concentrated, long-biased portfolios with occasional hedges, serving institutional clients and family capital while prioritizing downside protection and asymmetric return opportunities across US and global markets.
Investment Philosophy & Strategy
Operates a value-first, event-driven investment approach focused on asymmetric risk-reward and margin-of-safety opportunities. Prefers opportunistic purchases of distressed debt, special situations, and deeply mispriced equities across U.S. and global markets, allocating capital selectively into concentrated, long-biased positions with tactical hedges. Emphasizes disciplined cash management and patience, routinely holding cash to wait for dislocations. Decision-making prioritizes downside protection, thorough fundamental underwriting, catalyst-driven exits, and a long-term horizon for compounding returns.
Operates a value-first, event-driven investment approach focused on asymmetric risk-reward and margin-of-safety opportunities. Prefers opportunistic purchases of distressed debt, special situations, and deeply mispriced equities across U.S. and global markets, allocating capital selectively into concentrated, long-biased positions with tactical hedges. Emphasizes disciplined cash management and patience, routinely holding cash to wait for dislocations. Decision-making prioritizes downside protection, thorough fundamental underwriting, catalyst-driven exits, and a long-term horizon for compounding returns.
Disclaimer: This Portfolio is derived from and computed based on publicly available data from SEC filings.
Gain and growth charts are calculated per selected timeframe:
51.83%
Gain -1.38%
Monthly
0.53%
Yearly
6.49%
Drawdown
41.89%
$5.44B
Equity
Holdings
$5.44B
Investment
$4.67B
$3.85B
Profit -$68.22M
Realized
$3.07B
Unrealized
$776.54M
Dividends
$10.1B
Goals
Avg. 76.5% completed goals
Yearly
Gain > 12% 2026
Yearly
Loss < $250M 2026
Yearly
Loss < 15% 2026
Yearly
Gain < 20% 2026
Today
Compared To Yesterday
Gain
-1.38%
Profit
-$68.22M
Win %
75%
This Week
Compared To Last Week
Gain
-0.72%
Profit
-$39.41M
Win %
75%
This Month
Compared to last month
Gain
2.63%
Profit
$139.62M
Win %
75%
This Year
Compared to last year
Gain
0.67%
Profit
$36.37M
Win %
73%
DNOW DNOW Inc.
+2.37%
+$1.02M 
COLD Americold Realty Trust, Inc.
+0.95%
+$922,081.05 
GDS GDS Holdings Limited ADR
+0.41%
+$339,283.62 
FERG Ferguson Enterprises Inc.
+0.18%
+$587,490.57 
TFX Teleflex Incorporated
+0.08%
+$147,945 
CME CME Group Inc. Class A Common Stock
+0.06%
+$111,420 
NCLH Norwegian Cruise Line Holdings Ltd.
-4.18%
-$5.02M 
MOH Molina Healthcare Inc.
-4.14%
-$5.69M 
GPC Genuine Parts Company
-3.72%
-$13.41M 
HLF Herbalife Ltd.
-3.3%
-$4.21M 
LBTYK Liberty Global Ltd. Class C Common Shares
-3.06%
-$2.09M 
EXP Eagle Materials Inc.
-1.96%
-$1.86M 
AXTA Axalta Coating Systems Ltd.
-1.85%
-$828,330.13 
QSR Restaurant Brands International Inc.
-1.5%
-$7.77M 
AON Aon plc Class A
-1.46%
-$3.08M 
UNP Union Pacific Corp.
-1.44%
-$5.1M 
V Visa Inc. Class A
-1.35%
-$3.93M 
WCC WESCO International, Inc.
-1.17%
-$2.52M 
ELV Elevance Health, Inc.
-0.94%
-$5.32M 
AMZN Amazon.com Inc
-0.76%
-$7.08M 
AERO Aero Grow International, Inc.
-0.72%
-$536,820.68 
PS Pluralsight Inc
-0.64%
-$113,680 
GOOG Alphabet Inc
-0.64%
-$2.8M Events
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Dividends
Dividend Analysis
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| Trades 2018 | Longs Won 979/2018 48% | Profit Factor 1.41 |
| Profitability | Shorts Won 0/0 0% | Standard Deviation $30.95M |
| Average Win $13.48M | Best Trade (Dec 31) $602.93M | Sharpe Ratio -42.59 |
| Average Loss -$8.99M | Worst Trade (Jun 29) -$349.23M | Z-Score -5.69 (100%) |
| Commissions $0 | Avg. Trade Length 1y 9m | Expectancy $1.91M |
| Loss Size | 100% | 90% | 80% | 70% | 60% | 50% | 40% | 30% | 20% | 10% |
| Probability of Loss | <0.01% | <0.01% | <0.01% | <0.01% | <0.01% | <0.01% | <0.01% | 0.05% | 0.81% | 10.29% |
| Consecutive Losing Trades | 605 | 545 | 484 | 424 | 363 | 303 | 242 | 182 | 121 | 61 |
Hover over the desired column for a detailed explanation.
Returns
Overall, Monthly| Symbol | Quantity | Cost | Value | Comm. | Profit ($) | Gain (%) | Change |
|---|---|---|---|---|---|---|---|
| AERO Aero Grow International, Inc. | 4.88M | $106.97M | $73.69M | - | -$33.28M | -31.11% | -0.723% |
| AMZN Amazon.com Inc | 3.74M | $846.37M | $930.31M | - | $83.94M | 9.92% | -0.755% |
| AON Aon plc Class A | 687,000 | $221.75M | $207.69M | - | -$14.06M | -6.34% | -1.463% |
| AXTA Axalta Coating Systems Ltd. | 1.27M | $43.61M | $43.84M | - | $229,846.42 | 0.53% | -1.854% |
| CME CME Group Inc. Class A Common Stock | 619,000 | $136.69M | $189.51M | - | $52.82M | 38.64% | +0.059% |
| COLD Americold Realty Trust, Inc. | 6.83M | $80.24M | $98.05M | - | $17.8M | 22.19% | +0.949% |
| DNOW DNOW Inc. | 2.79M | $33.21M | $43.98M | - | $10.78M | 32.45% | +2.369% |
| ELV Elevance Health, Inc. | 1.28M | $458.16M | $562.48M | - | $104.32M | 22.77% | -0.936% |
| EXP Eagle Materials Inc. | 530,763 | $116.97M | $93.01M | - | -$23.96M | -20.48% | -1.955% |
| FERG Ferguson Enterprises Inc. | 1.45M | $271.73M | $330.32M | - | $58.59M | 21.56% | +0.178% |
| GDS GDS Holdings Limited ADR | 3.77M | $46.38M | $83.8M | - | $37.43M | 80.7% | +0.407% |
| GOOG Alphabet Inc | 1.37M | $275.98M | $437.26M | - | $161.28M | 58.44% | -0.636% |
| GPC Genuine Parts Company | 2.82M | $361.42M | $346.98M | - | -$14.44M | -3.99% | -3.72% |
| HLF Herbalife Ltd. | 9.26M | $97.87M | $123.39M | - | $25.52M | 26.08% | -3.302% |
| LBTYK Liberty Global Ltd. Class C Common Shares | 8.54M | $83.37M | $66.42M | - | -$16.95M | -20.33% | -3.055% |
| MOH Molina Healthcare Inc. | 633,609 | $109.61M | $131.58M | - | $21.96M | 20.04% | -4.145% |
| NCLH Norwegian Cruise Line Holdings Ltd. | 7.73M | $154.43M | $115.1M | - | -$39.33M | -25.47% | -4.183% |
| PS Pluralsight Inc | 392,000 | $12.88M | $17.54M | - | $4.66M | 36.19% | -0.644% |
| QSR Restaurant Brands International Inc. | 6.75M | $437.41M | $508.24M | - | $70.82M | 16.19% | -1.505% |
| TFX Teleflex Incorporated | 1.41M | $168.53M | $192.59M | - | $24.06M | 14.28% | +0.077% |
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Option values are updated at end of day.
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FAQ
Which stocks have generated the highest profits for Seth A. Klarman?
The largest contributions to the portfolio's profits come from the following stocks: Seanergy Maritime Holdings Corp - $8.18B, eBay Inc - $1.32B, IDIX - $965.75M, Forward Pharma A/S - $907.08M, and Micron Technology Inc - $818.39M. These positions have been the main drivers of growth and have significantly impacted the investor's overall performance.
Which stocks have generated the largest losses for this investor?
The largest losses in the portfolio are associated with the following stocks: PG&E Corporation - $700.93M, Antero Resources Corporation - $662.22M, Viasat Inc - $383.11M, CLNS - $349.23M, and KERX - $277.58M. These positions have had the most negative impact on overall performance and highlight the weaker areas of the portfolio.
What dividends does Seth A. Klarman's portfolio generate?
The portfolio generates substantial dividend income, with a total of $10.1B earned over time. The largest contributors to dividend income include Seanergy Maritime Holdings Corp - $8.18B, Forward Pharma A/S - $1.02B, BP Plc Sponsored ADR - $64.32M, Frontier Communications Corp - $59.72M, and PBF Energy Inc. Class A Common Stock - $57.07M. This indicates that dividends play a meaningful role in the investor's overall strategy.
How stable are Seth A. Klarman's monthly returns?
Seth A. Klarman's monthly returns look highly volatile. The portfolio shows large month-to-month swings, and the broader risk profile suggests that performance can change sharply over short periods. This kind of pattern may suit users who are comfortable with significant fluctuations, but it is less likely to appeal to those who prefer steadier and more predictable results.
Can Seth A. Klarman's strategy be considered aggressive or moderate?
Seth A. Klarman's strategy can be considered aggressive. The combination of high drawdowns, elevated volatility, and/or concentrated positions suggests a willingness to accept significant risk in pursuit of higher long-term returns. This approach is generally more suitable for users who are comfortable with large fluctuations in portfolio value.
Should beginners follow Seth A. Klarman's strategy?
Seth A. Klarman's strategy is unlikely to be suitable for beginners. The portfolio shows signs of high risk, significant volatility, or structural complexity, which can make it difficult to follow and potentially stressful for less experienced users. This type of approach is generally better suited to more advanced investors.
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