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← Seth Klarman

Seth Klarman's 2025Q1 portfolio

Seth Klarman (Baupost Group) held 10 positions as of Mar 31, 2025, with the largest position at 14.7% of the portfolio.

Showing positions still held at the most recent quarter so their historical weights can be reconstructed. Positions that were held in 2025Q1but have since been exited aren't included in this table — for a full point-in-time reconstruction, use the SEC EDGAR filing directly.

Holdings as of Mar 31, 2025 (10)

  1. 1WTWWillis Towers Watson Plc Ltd
    % port
    14.7%
    -2.0pp vs prior Qnow 5.1%
  2. 2GOOGAlphabet Inc-cl C
    % port
    9.3%
    +1.4pp vs prior Qnow 6.6%
  3. 3WCCWesco International Inc
    % port
    8.9%
    +1.3pp vs prior Qnow 7.7%
  4. 4LBTYALiberty Global Ltd
    % port
    8.4%
    -6.7pp vs prior Qnow 3.1%
  5. 5QSRRestaurant Brands Intern
    % port
    7.4%
    +1.9pp vs prior Qnow 11.7%
  6. 6EXPEagle Materials Inc
    % port
    5.8%
    +1.2pp vs prior Qnow 3.3%
  7. 7FERGFerguson Enterprises Inc
    % port
    5.2%
    -0.5pp vs prior Qnow 6.6%
  8. 8GDSGds Holdings Ltd - Adr
    % port
    3.1%
    +0.1pp vs prior Qnow 2.4%
  9. 9ELVElevance Health Inc
    % port
    3.1%
    now 7.3%
  10. 10HLFHerbalife Ltd
    % port
    1.9%
    +0.4pp vs prior Qnow 2.7%

13F-HR filings disclose long US-equity positions only. 13Fs don't cover shorts, bonds, derivatives, or non-US listings, so the picture here is the public part of the portfolio — not the whole.

Not investment advice.