Seth Klarman

CEO, The Baupost Group

ValueAUM $5.12BPositions 22Q1 2026

🏆 Clone Portfolio Track Record

Rank #54 of 69 by 3-year alpha vs SPY · mechanically replicating this book, rebalanced at filing dates

A strong clone record is a track record, not a forecast — tested across a decade it doesn't reliably repeat. See what actually holds up →

Analyst Take · Q1 2026

AI

Baupost's $5.1B book got more conventional: AMZN added 47% to become the top position (12.7%), with new stakes in AON, Visa and TFX. Exits from FIS/FISV and Liberty complete a multi-year unwind of legacy special situations. Klarman's cash hoard means the 13F is a fraction of actual AUM.

Generated quarterly from the filing data itself — holdings, changes, sector mix and clone-performance rank. Not investment advice.

Seth Klarman runs The Baupost Group, one of the most respected value-focused funds, and wrote the cult-classic 'Margin of Safety.' He holds large cash balances, hunts distressed and special-situation value, and is famously willing to sit out frothy markets — so a mechanical clone of his 13F tends to trail a raging bull market but is built to shine when things break.