What Seth Klarman bought and sold in Q1 2026

In Q1 2026, Seth Klarman (Baupost Group) opened 6 new positions — including AON (4.9%), V (4.1%), TFX (3.7%), added to 3, trimmed 3, exited 5 (FIS, DG, FISV). The book stood at $5.12B across 22 positions, filed May 14, 2026.

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.