Seth Klarman

Seth Klarman

Baupost Group

Live coverage
BAUPOST
Total gain vs. tracked cost basis · reconstructed from SEC 13F filings
Total gain vs. tracked cost basis
+20.20%
Every position priced against its filing-window cost basis and marked to the latest close — not a hypothetical or back-test.
$5.16B
Market value
$4.99B
Tracked cost
24
Positions
Lifetime · since first filing
Total gain / loss
+$1.01B
▲ +20.20%
Unrealized gain / loss
+$177.18M
▲ +3.55%
Realized gain / loss
−$593.01M
▼ -11.90%
Cost per $1 → today
$1.03
▲ 1.03× book
5-year return (XIRR)
-10.47%
2021-03-31 – 2026-03-31
An investment of
$100,000
would be worth at window end
$57,515
0.58× return
Trailing 5-year return

Trailing 5-year return over time

At each year-end anchor, the annualized return of mimicking all disclosed trades over the prior 5 calendar years.

5Y XIRR
Return by entry year

CAGR by first filing year

Annualized return from the first quarter with activity in each entry year through the latest model date. Chart and table use the same figures.

CAGR
Entry year First filing Years held CAGR Total return $100k → today
Portfolio breakdown

Market value by holding

Where the book is concentrated today. Largest positions by current market value.

Market value
Entry vs. today

Filing cost basis vs. current price

The manager's tracked entry price per share against the latest market price — the spread is the edge. Top holdings shown.

Cost basis Current price
Return by holding

Price change since entry

Per-share appreciation, cost basis → current. Axis capped at +700% so the field stays readable — bigger movers are labeled.

▲ Gain ▼ Loss

Unrealized gain / loss

Mark-to-market on positions still held. Same cap and sort as the left chart.

▲ Gain ▼ Loss

Not investment advice. Figures are reconstructed from publicly disclosed SEC 13F filings (via Dataroma) and priced with Tiingo market data, for informational purposes only. XIRR returns are reconstructed from quarterly mimic cashflows, not fund NAV. 13F filings are lagged up to 45 days and may omit shorts, cash and non-US positions, so this book will not match the manager's true exposure. Past performance does not guarantee future results.