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← Seth Klarman

Seth Klarman's 2025Q2 portfolio

Seth Klarman (Baupost Group) held 10 positions as of Jun 30, 2025, with the largest position at 11.3% of the portfolio.

Showing positions still held at the most recent quarter so their historical weights can be reconstructed. Positions that were held in 2025Q2but 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 Jun 30, 2025 (10)

  1. 1GOOGAlphabet Inc-cl C
    % port
    11.3%
    +2.0pp vs prior Qnow 6.6%
  2. 2WCCWesco International Inc
    % port
    9.9%
    +1.0pp vs prior Qnow 7.7%
  3. 3WTWWillis Towers Watson Plc Ltd
    % port
    9.8%
    -5.0pp vs prior Qnow 5.1%
  4. 4QSRRestaurant Brands Intern
    % port
    6.5%
    -0.9pp vs prior Qnow 11.7%
  5. 5LBTYALiberty Global Ltd
    % port
    6.2%
    -2.3pp vs prior Qnow 3.1%
  6. 6FERGFerguson Enterprises Inc
    % port
    6.0%
    +0.8pp vs prior Qnow 6.6%
  7. 7ELVElevance Health Inc
    % port
    5.8%
    +2.7pp vs prior Qnow 7.3%
  8. 8EXPEagle Materials Inc
    % port
    3.3%
    -2.5pp vs prior Q
  9. 9GDSGds Holdings Ltd - Adr
    % port
    2.4%
    -0.7pp vs prior Q
  10. 10HLFHerbalife Ltd
    % port
    1.6%
    -0.3pp 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.