Seth Klarman · quarter digest

What Seth Klarman did in Q3 2024

Baupost Group filed 13 moves in Q3 2024: 3 new, 3 add, 5 trim, 2 exit.

13F filed 2024-11-14. Manager quality score: q9. Philosophy: Margin of safety. Cash is a position. Patience pays.

New positions · 3

Fresh money

DGDOLLAR GEN CORP NEW

NEW·5.5% book·−6

NEW·4.0% book·+1

“First Vistra position — start of multi-Q build.”

QSRRESTAURANT BRANDS INTL INC

NEW·0.1% book·−4

Adds · 3

WTWWILLIS TOWERS WATSON PLC LTD

ADD +8%·14.9% book·−4

GOOGALPHABET INC

ADD +37%·7.0% book·−1

WCCWESCO INTL INC

ADD +57%·6.0% book·−7

Trims · 5

TRIM -10%·14.5% book·−3

“WBD reduction.”

CRHCRH PLC

TRIM -38%·7.0% book·−15

VSATVIASAT INC

TRIM -11%·4.2% book·−8

FNFFIDELITY NATL INFORMATION SV

TRIM -72%·2.3% book·−7

JJACOBS SOLUTIONS INC

TRIM -29%·1.3% book·−6

Exits · 2

LSXMALIBERTY MEDIA CORP DEL

EXIT·0.0% book·−16

VRSNVERISIGN INC

EXIT·0.0% book·−12

Current top holdings

#	Ticker	Weight	Conviction
1	LBTYK Liberty Global Class C	14.3%	−8
2	WBD Warner Bros. Discovery	11.8%	−3
3	VST Vistra Corp	9.6%	+1
4	FNF Fidelity National Financial	7.1%	−7
5	VTRS Viatris	5.4%	0
6	ALLY Ally Financial	4.8%	−2

Other quarters for Seth Klarman

Not investment advice. Data from 13F filings with HoldLens parsing. Methodology.