Seth Klarman · quarter digest
What Seth Klarman did in Q3 2025
Baupost Group filed 21 moves in Q3 2025: 1 new, 1 add, 1 trim, 18 exit.
13F filed 2025-11-14. Manager quality score: q9. Philosophy: Margin of safety. Cash is a position. Patience pays.
New positions · 1
Fresh money
NEW·3.8% book·+2
“First-time Alphabet position.”
Adds · 1
Adding to conviction
ADD +30%·9.6% book·+1
“AI data center thesis — big add.”
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Remove with Pro →Trims · 1
Taking chips off
TRIM -15%·11.8% book·−3
“Taking Warner Bros. profits.”
Exits · 18
Closed positions
WCCWESCO INTL INC
EXIT·0.0% book·−7
WTWWILLIS TOWERS WATSON PLC LTD
EXIT·0.0% book·−6
CRHCRH PLC
EXIT·0.0% book·−14
FISFIDELITY NATL INFORMATION SV
EXIT·0.0% book·−10
DGDOLLAR GEN CORP NEW
EXIT·0.0% book·−7
LBTYALIBERTY GLOBAL LTD
EXIT·0.0% book·−7
QSRRESTAURANT BRANDS INTL INC
EXIT·0.0% book·−5
FERGFERGUSON ENTERPRISES INC
EXIT·0.0% book·−10
ELVELEVANCE HEALTH INC
EXIT·0.0% book·−7
FISVFISERV INC
EXIT·0.0% book·−9
EXPEAGLE MATLS INC
EXIT·0.0% book·−7
VSATVIASAT INC
EXIT·0.0% book·−10
GDSGDS HLDGS LTD
EXIT·0.0% book·−10
HLFHERBALIFE LTD
EXIT·0.0% book·−9
ICLRICON PLC
EXIT·0.0% book·−10
AMCRAMCOR PLC
EXIT·0.0% book·−11
PAGSPAGSEGURO DIGITAL LTD
EXIT·0.0% book·−6
TBNTAMBORAN RES CORP
EXIT·0.0% book·−12
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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