Seth Klarman · quarter digest
What Seth Klarman did in Q4 2025
Baupost Group filed 17 moves in Q4 2025: 14 new, 2 add, 1 trim, 0 exit.
13F filed 2026-02-14. Manager quality score: q9. Philosophy: Margin of safety. Cash is a position. Patience pays.
New positions · 14
Fresh money
QSRRESTAURANT BRANDS INTL INC
NEW·10.4% book·+4
AMZNAMAZON COM INC
NEW·9.3% book·−13
WTWWILLIS TOWERS WATSON PLC LTD
NEW·8.5% book·−8
ELVELEVANCE HEALTH INC FORMERLY
NEW·8.4% book·−6
UNPUNION PAC CORP
NEW·7.1% book·−4
WCCWESCO INTL INC
NEW·6.6% book·−4
FNFFIDELITY NATL INFORMATION SV
NEW·5.7% book·−5
DGDOLLAR GEN CORP NEW
NEW·5.2% book·−4
FERGFERGUSON ENTERPRISES INC
NEW·4.8% book·−8
LBTYKLIBERTY GLOBAL LTD
NEW·4.8% book·−4
FEFISERV INC
NEW·2.8% book·−11
CRHCRH PLC
NEW·2.5% book·−1
HLFHERBALIFE LTD
NEW·2.3% book·−11
MOHMOLINA HEALTHCARE INC
NEW·2.1% book·+3
Adds · 2
Adding to conviction
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Trims · 1
Taking chips off
TRIM -12%·10.2% book·−4
“Continued Warner Bros. profit-taking.”
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.