United States

Seth Klarman

Founder of Baupost Group; distressed and value investing; author of 'Margin of Safety'. Public commentary is sparse — primarily speeches and leaked letter excerpts.

Portfolio · 2025-Q4

Security	Shares	Market value	% of portfolio
ALPHABET INC CAP STK CL C	1,087,181Shares decreased 41%	$0.3M	6.5%
AMAZON COM INC COM	2,121,391New position this quarter	$0.5M	9.3%

Sector allocation

How the book's sector weights moved

Consumer Discretionary rose most (▲ +11pp) · Communication Services fell most (▼ −10pp)

17 of 22 holdings classified · Sectors derived from free SEC SIC codes + curated overrides.

Recent moves

Latest filed · 2026-03-31

Every entry below is an auto-generated factual summary of a public filing or disclosure. Not investment advice. Verify before acting.

Quarterly 13F update · 2026-Q113 opened

OpenedAMZN +$649.5kGOOG +$338.8kWTW +$259.6kAON +$248.2kV +$212.0kTFX +$190.8k+7 more

Quarterly 13F update · 2025-Q410 opened

Opened