Seth Klarman Portfolio · 13F Holdings & Trades
Seth Klarman reported 23 holdings in the 2026Q2 13F, with a total portfolio value of $5.4B. (Baupost Group) 20 positions changed from the prior quarter (3 new, 6 increased, 9 reduced, 2 exited).
The most recent 13F holdings filed with the SEC by this manager are as of 2026Q2; holdings for later quarters (up to 2026Q3) are not in a 13F-HR.
Changes This Quarter (20)
| Stock | Action | Shares Change | Weight (%) | Value ($) |
|---|---|---|---|---|
| AMAZON COM INC | Increased | 3,118,754 → 3,743,854 | 16.48 | 892,310,000 |
| RESTAURANT BRANDS INTL INC | Reduced | 8,080,112 → 6,753,112 | 9.04 | 489,612,000 |
| ALPHABET INC | Increased | 1,181,131 → 1,371,931 | 8.95 | 484,744,000 |
| FERGUSON ENTERPRISES INC | Increased | 1,442,411 → 1,450,594 | 6.36 | 344,269,000 |
| GENUINE PARTS CO | Increased | 1,490,348 → 2,816,178 | 6.13 | 332,253,000 |
| UNION PAC CORP | Reduced | 1,540,995 → 1,185,395 | 5.95 | 322,427,000 |
| WESCO INTL INC | Reduced | 1,436,881 → 662,881 | 4.23 | 228,979,000 |
| AON PLC | Reduced | 769,000 → 687,000 | 4.21 | 227,871,000 |
| TELEFLEX INCORPORATED | Reduced | 1,595,000 → 1,409,000 | 3.30 | 178,605,000 |
| NORWEGIAN CRUISE LINE HLDGS | Increased | 3,630,000 → 7,730,000 | 3.01 | 163,180,000 |
| CME GROUP INC | New | New | 2.52 | 136,694,000 |
| EAGLE MATLS INC | Reduced | 892,763 → 530,763 | 2.21 | 119,422,000 |
| GDS HLDGS LTD | Increased | 3,044,818 → 3,769,818 | 2.09 | 113,208,000 |
| AMERICOLD REALTY TRUST INC | Reduced | 7,780,800 → 6,830,230 | 1.98 | 107,371,000 |
| LIBERTY GLOBAL LTD | Reduced | 13,397,247 → 8,543,161 | 1.74 | 93,975,000 |
| AXALTA COATING SYS LTD | New | New | 0.81 | 43,608,000 |
| DNOW INC | Reduced | 3,625,000 → 2,788,000 | 0.67 | 36,160,000 |
| PERSHING SQUARE INC | New | New | 0.24 | 12,881,000 |
| WILLIS TOWERS WATSON PLC LTD | Exited | 893,126 → 0 | — | — |
| VAXCYTE INC | Exited | 800,000 → 0 | — | — |
Top 15 Holdings
| Stock | Weight (%) | Shares | Value ($) |
|---|---|---|---|
| AMAZON COM INC | 16.48 | 3,743,854 | 892,310,000 |
| ELEVANCE HEALTH INC FORMERLY | 9.11 | 1,275,154 | 493,140,000 |
| RESTAURANT BRANDS INTL INC | 9.04 | 6,753,112 | 489,612,000 |
| ALPHABET INC | 8.95 | 1,371,931 | 484,744,000 |
| FERGUSON ENTERPRISES INC | 6.36 | 1,450,594 | 344,269,000 |
| GENUINE PARTS CO | 6.13 | 2,816,178 | 332,253,000 |
| UNION PAC CORP | 5.95 | 1,185,395 | 322,427,000 |
| VISA INC | 4.44 | 701,355 | 240,628,000 |
| WESCO INTL INC | 4.23 | 662,881 | 228,979,000 |
| AON PLC | 4.21 | 687,000 | 227,871,000 |
| TELEFLEX INCORPORATED | 3.30 | 1,409,000 | 178,605,000 |
| NORWEGIAN CRUISE LINE HLDGS | 3.01 | 7,730,000 | 163,180,000 |
| MOLINA HEALTHCARE INC | 2.68 | 633,609 | 144,906,000 |
| CME GROUP INC | 2.52 | 619,000 | 136,694,000 |
| HERBALIFE LTD | 2.25 | 9,259,844 | 121,767,000 |
Top 15 Holdings · Quarterly Weight Trend
| Stock | 24Q3 | 24Q4 | 25Q1 | 25Q2 | 25Q3 | 25Q4 | 26Q1 | 26Q2 | Trend (shares) |
|---|---|---|---|---|---|---|---|---|---|
| AMAZON COM INC | — | — | — | — | — | 9.28 | 12.70 | 16.48 | Up 3 qtrs in a row |
| ELEVANCE HEALTH INC FORMERLY | — | — | 3.07 | 5.82 | 8.95 | 8.43 | 7.30 | 9.11 | — |
| RESTAURANT BRANDS INTL INC | 0.06 | 5.53 | 7.44 | 6.52 | 11.11 | 10.44 | 11.67 | 9.04 | — |
| ALPHABET INC | 6.99 | 7.94 | 9.33 | 11.36 | 9.50 | 6.46 | 6.62 | 8.95 | Up 2 qtrs in a row |
| FERGUSON ENTERPRISES INC | — | 5.74 | 5.21 | 5.99 | 5.45 | 4.80 | 6.58 | 6.36 | Up 2 qtrs in a row |
| GENUINE PARTS CO | — | 1.08 | — | — | 4.06 | 3.46 | 3.08 | 6.13 | Up 4 qtrs in a row |
| UNION PAC CORP | — | — | — | — | 7.43 | 7.13 | 7.31 | 5.95 | Down 2 qtrs in a row |
| VISA INC | — | — | — | — | — | — | 4.14 | 4.44 | — |
| WESCO INTL INC | 6.03 | 7.59 | 8.95 | 9.94 | 6.67 | 6.58 | 7.69 | 4.23 | — |
| AON PLC | — | — | — | — | — | — | 4.85 | 4.21 | — |
| TELEFLEX INCORPORATED | — | — | — | — | — | — | 3.73 | 3.30 | — |
| NORWEGIAN CRUISE LINE HLDGS | — | — | — | — | — | — | 1.33 | 3.01 | Up 2 qtrs in a row |
| MOLINA HEALTHCARE INC | — | — | — | — | — | 2.05 | 1.65 | 2.68 | — |
| CME GROUP INC | — | — | — | — | — | — | — | 2.52 | — |
| HERBALIFE LTD | 1.05 | 1.49 | 1.88 | 1.63 | 1.38 | 2.26 | 2.66 | 2.25 | — |
Weights are shares of each quarter's total 13F stock holdings; "—" means not held or outside the tracked set. Earlier quarters track only the top 200 holdings by value. The trend is based on share counts, not price, and does not adjust for stock splits.
13F filings are published up to 45 days after quarter-end and do not show short positions. This page includes only stock holdings from the filing and excludes options and bonds. The data on this page is for reference and is not investment advice.
Other Gurus
Warren Buffett · Ken Griffin · Jim Simons · Chase Coleman · Leopold Aschenbrenner · Duan Yongping · Bill Ackman · Terry Smith · Thomas Gayner · Carl Icahn · David Tepper · Dan Loeb · Stanley Druckenmiller · Nelson Peltz · Howard Marks · Li Lu · Leon Cooperman · Prem Watsa · Bill Miller · Mohnish Pabrai · Charlie Munger · Michael Burry
All Guru Trades →