Seth Klarman · quarter digest
What Seth Klarman did in Q2 2025
Baupost Group filed 13 moves in Q2 2025: 2 new, 7 add, 3 trim, 1 exit.
13F filed 2025-08-14. Manager quality score: q9. Philosophy: Margin of safety. Cash is a position. Patience pays.
New positions · 2
Fresh money
FEFISERV INC
NEW·3.7% book·−11
AMCORAMCOR PLC
NEW·1.2% book·−10
Adds · 7
Adding to conviction
GOOGALPHABET INC
ADD +27%·11.3% book·−13
WCCWESCO INTL INC
ADD +10%·9.9% book·−4
CRHCRH PLC
ADD +42%·8.5% book·−1
FNFFIDELITY NATL INFORMATION SV
ADD +8%·7.5% book·−5
DGDOLLAR GEN CORP NEW
ADD +27%·7.4% book·−4
ADD +22%·7.2% book·−10
“First of three consecutive quarters building Vistra.”
ELVELEVANCE HEALTH INC
ADD +150%·5.8% book·−6
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Trims · 3
Taking chips off
TRIM -10%·13.0% book·−4
“Starting the Warner Bros. exit.”
WTWWILLIS TOWERS WATSON PLC LTD
TRIM -14%·9.8% book·−8
VSATVIASAT INC
TRIM -10%·3.2% book·−9
Exits · 1
Closed positions
CLVTCLARIVATE PLC
EXIT·0.0% book·−6
Current top holdings
Seth Klarman’s book, latest snapshot
Other quarters for Seth Klarman
Not investment advice. Data from 13F filings with HoldLens parsing. Methodology.