Seth Klarman · quarter digest
What Seth Klarman did in Q2 2025
Baupost Group filed 18 moves in Q2 2025: 3 new, 7 add, 5 trim, 3 exit.
13F filed 2025-08-14. Manager quality score: q9. Philosophy: Margin of safety. Cash is a position. Patience pays.
New positions · 3
Fresh money
FISVFISERV INC
NEW·3.7% book·−9
AMCRAMCOR PLC
NEW·1.2% book·−11
PAGSPAGSEGURO DIGITAL LTD
NEW·0.6% book·−6
Adds · 7
Adding to conviction
GOOGALPHABET INC
ADD +27%·11.3% book·+2
WCCWESCO INTL INC
ADD +10%·9.9% book·−7
CRHCRH PLC
ADD +42%·8.5% book·−14
FISFIDELITY NATL INFORMATION SV
ADD +8%·7.5% book·−10
DGDOLLAR GEN CORP NEW
ADD +27%·7.4% book·−7
ADD +22%·7.2% book·+1
“First of three consecutive quarters building Vistra.”
ELVELEVANCE HEALTH INC
ADD +150%·5.8% book·−7
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Remove with Pro →Trims · 5
Taking chips off
TRIM -10%·13.0% book·−3
“Starting the Warner Bros. exit.”
WTWWILLIS TOWERS WATSON PLC LTD
TRIM -14%·9.8% book·−6
EXPEAGLE MATLS INC
TRIM -26%·3.3% book·−7
VSATVIASAT INC
TRIM -10%·3.2% book·−10
GDSGDS HLDGS LTD
TRIM -24%·2.4% book·−10
Exits · 3
Closed positions
SOLVSOLVENTUM CORP
EXIT·0.0% book·−8
CLVTCLARIVATE PLC
EXIT·0.0% book·−5
SGISOMNIGROUP INTERNATIONAL INC
EXIT·0.0% book·−9
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.
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