Seth Klarman · quarter digest

What Seth Klarman did in Q2 2026

Baupost Group filed 10 moves in Q2 2026: 1 new, 2 add, 6 trim, 1 exit.

13F filed 2026-08-14. Manager quality score: q9. Philosophy: Margin of safety. Cash is a position. Patience pays.

New positions · 1

Fresh money

CRMCME GROUP INC

NEW·2.5% book·−8

Adds · 2

AMZNAMAZON COM INC

ADD +20%·16.5% book·−6

GOOGALPHABET INC

ADD +16%·9.0% book·+2

Trims · 6

QSRRESTAURANT BRANDS INTL INC

TRIM -16%·9.0% book·−5

UNPUNION PAC CORP

TRIM -23%·6.0% book·−5

AONAON PLC

TRIM -11%·4.2% book·−17

WCCWESCO INTL INC

TRIM -54%·4.2% book·−7

LBTYKLIBERTY GLOBAL LTD

TRIM -36%·1.7% book·−9

DNOWDNOW INC

TRIM -23%·0.7% book·−10

Exits · 1

WTWWILLIS TOWERS WATSON PLC LTD

EXIT·0.0% book·−6

Current top holdings

#	Ticker	Weight	Conviction
1	LBTYK Liberty Global Class C	14.3%	−9
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%	−3

Other quarters for Seth Klarman

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