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Seth Klarman - Baupost Group

  • Updated August 16, 2024

Profile

Company: Baupost Group || Position: Chief Executive Officer

Date of employment: 1982 || Website: https://www.baupost.com/

American investor, author and founder of the Boston-based hedge fund Baupost Group. Baupost was founded in 1982 with Havard professor William J. Poorvu and three other investors. Baupost has delivered an annualized return of over 20%, increasing Baupost’s assets under management to over €30 billion. USD, making it one of the largest in the US. Klarman holds a BA from Cornell and an MBA from Harvard.

Klarman is considered by many to be one of the leading experts in value investing and his book “Margin of Safety” is a cult classic among investors and sells used for prices up to $3,000 on Amazon (yes, you read that right).

Investment philosophy

Karman is a well-known advocate of value investing and is basically looking for companies with values of DKK 1, but that sell for 50 cents.

He is a big follower of Benjamin Graham (Warren Buffett’s mentor) and can undoubtedly be characterized as a long-term and very patient investor.

Klarman is known to often hold 30-50% of the fund in cash, waiting for the market to offer him some very favorable prices.

Portfolio

Portfolio reported: 30/6-2024

Portfolio published: 15/8-2024

Number of companies: 24

Portfolio value (USD 1000): 3,634,101

Note that warrants, options and bonds are deliberately left out (less than 1% of the portfolio).

Portfolio
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Data source: SEC EDGAR Production: Børsgade

* Number: The number of shares reported by the company to the Securities and Exchange Commission (SEC) in 13F filings.

** Reported price: The price the stock had at the time of the portfolio’s publication, e.g. 31/12. This is the last known price at which the stock is held in the portfolio.

Breakdown by sector

InvestorNews & Articles


Klarman trims the portfolio


August 31, 2022

Looking at Seth Klarman’s portfolio for the second quarter of 2022, there’s a pretty clear trend: he’s reducing a large number of his positions. These include Alphabet (Google), Intel, Dropbox, Fiserv, Meta, Intel and more than 20 other positions. In other words, the overall picture is that Klarman has taken a more defensive position and is a fairly significant net seller of shares.



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Disclaimer

The above has been prepared by Børsgade ApS for information purposes only and cannot be regarded as a solicitation or recommendation to buy or sell any security. Nor can the information etc. be regarded as recommendations or advice of a legal, accounting or tax nature. Børsgade cannot be held liable for losses caused by customers’/users’ actions – or lack thereof – based on the information in the above. We have made every effort to ensure that the information in the above is complete and accurate, but cannot guarantee this and accept no liability for errors or omissions.

Readers are advised that investing may involve a risk of loss that cannot be determined in advance, and that past performance and price development cannot be used as a reliable indicator of future performance and price development. For further information please contact info@borsgade.dk

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