Hedge Fund · CIK 0001061768
Seth Klarman
Baupost Group
Seth Klarman runs Baupost Group, a hedge fund overseeing $5.28B in disclosed equity holdings (SEC CIK 0001061768). The latest portfolio (2025Q4) discloses 22 positions across 8 sectors, with the largest positions in QSR, AMZN and WILLIS TOWERS WATSON PLC LTD. On a mark-to-market basis the tracked portfolio has returned 19.7% over the past year. OpenStocks tracks 40 consecutive quarterly snapshots for this manager — every position change, new entry, and exit is logged below.
Portfolio
$5.28B
Positions
22
Quarter
2025Q4
Filings tracked
40
1-YearTWR
+19.71%
since 2024Q4
3-YearTWR
+59.57%
since 2022Q4
5-YearTWR
+50.20%
since 2020Q4
10-Year
—
insufficient history
Performance overview
We mark Seth Klarman (Baupost Group)'s disclosed portfolio to current market prices and compare its growth against the S&P 500 (SPY). Seth's portfolio is 19.7% over the last 12 months · 170.3% since 2016Q1.
Portfolio growth vs SPY
Rebased to 100 at 2016Q1 · through 2025Q4
Seth Klarman
+188.3%
SPY
—
Portfolio line is the GIPS-compliant time-weighted return chain-linked across the manager's quarterly 13F filings — unaffected by capital flows. Quarters with insufficient held-through coverage are skipped, which can briefly flatten the line.
Capital flow per quarter
BuysSellsNet
Latest · 2025Q4
+$263M
Lifetime buys
$12.12B
Lifetime sells
$14.92B
Portfolio over time
AUMPositions
QoQ AUM
+10.2%
16Q lifetime AUM
-43.2%
QoQ positions
+0
16Q lifetime positions
-33
Position concentration
22 positions