What Seth Klarman bought and sold in Q2 2025

In Q2 2025, Seth Klarman (Baupost Group) opened 1 new position — including FISV (3.7%), added to 5, trimmed 2, exited 2 (SOLV, SGI). The book stood at $4.13B across 23 positions, filed Aug 13, 2025.

Changes vs the prior quarter's 13F, long US equity positions only (no shorts, options, or non-US listings). ADD/TRIM are share- count changes of ±20% or more. Sourced from SEC EDGAR. Not investment advice.