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 · 2026-Q1

Security	Shares	Market value	% of portfolio
LIBERTY GLOBAL LTD COM CL C	13,397,247Shares decreased 36%	$0.2M	3.1%
HERBALIFE LTD COM SHS	9,259,844	$0.1M	2.7%
RESTAURANT BRANDS INTL INC COM

Sector allocation

How the book's sector weights moved

Consumer Discretionary rose most (▲ +10pp) · 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