Seth Klarman — Portfolio & Holdings
Seth Klarman of Baupost Group manages $5.42B across 23 reported positions as of Q2 2026, according to Nexqual.
Founder of Baupost. Value investor; author of Margin of Safety.
Key Facts
| Investor | Seth Klarman |
|---|---|
| Firm | Baupost Group |
| Assets Under Management (13F) | $5.42B |
| Number of Positions | 23 |
| Reporting Period | Q2 2026 |
Top Holdings
Seth Klarman's largest reported holdings: AMZN, ELV, QSR, GOOG, FERG, GPC, UNP, V, WCC, AON.
All 23 Holdings (Q2 2026)
| # | Symbol | Company | % of portfolio | Value | Change vs prior quarter |
|---|---|---|---|---|---|
| 1 | AMZN | Amazon | 16.48% | $892M | Added 20.04% |
| 2 | ELV | Elevance Health, Inc. | 9.11% | $493M | Unchanged |
| 3 | QSR | Restaurant Brands International Inc. | 9.04% | $490M | Reduced 16.42% |
| 4 | GOOG | Alphabet Inc. | 8.95% | $485M | Added 16.15% |
| 5 | FERG | Ferguson Enterprises Inc. | 6.36% | $344M | Added 0.57% |
| 6 | GPC | Genuine Parts | 6.13% | $332M | Added 88.96% |
| 7 | UNP | Union Pacific | 5.95% | $322M | Reduced 23.08% |
| 8 | V | Visa | 4.44% | $241M | Unchanged |
| 9 | WCC | Wesco International | 4.23% | $229M | Reduced 53.87% |
| 10 | AON | Aon plc | 4.21% | $228M | Reduced 10.66% |
| 11 | TFX | Teleflex | 3.30% | $179M | Reduced 11.66% |
| 12 | NCLH | Norwegian Cruise Line Holdings Ltd. | 3.01% | $163M | Added 112.95% |
| 13 | MOH | Molina Healthcare | 2.68% | $145M | Unchanged |
| 14 | CME | Cme Group | 2.52% | $137M | New position |
| 15 | HLF | Herbalife | 2.25% | $122M | Unchanged |
| 16 | EXP | Eagle Materials | 2.21% | $119M | Reduced 40.55% |
| 17 | GDS | GDS Holdings Ltd | 2.09% | $113M | Added 23.81% |
| 18 | COLD | Americold Realty Trust | 1.98% | $107M | Reduced 12.22% |
| 19 | LBTYA | Liberty Global Ltd. | 1.74% | $94.0M | Reduced 36.23% |
| 20 | AERO | Grupo Aeromexico, S.A.B. de C.V. | 1.62% | $87.8M | Unchanged |
| 21 | AXTA | Axalta Coating Systems Ltd. | 0.81% | $43.6M | New position |
| 22 | DNOW | DNOW Inc. | 0.67% | $36.2M | Reduced 23.09% |
| 23 | PS | Pershing Square | 0.24% | $12.9M | New position |
Source: Compiled by Nexqual from public SEC 13F filings, October 23, 2026 at 16:25 UTC. Holdings reflect the most recent quarterly filing and may not represent the current portfolio.
Data source: Nexqual. Last updated: October 23, 2026 at 16:25 UTC. This page is informational and not investment advice.
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