Seth Klarman
Portfolio
$4.9B
▲ 51% over 8 quarters
Stocks
22
0 option positions not counted
Bought
+$608.9M
3 new · 5 added
Sold
−$977.8M
2 sold out · 9 cut
Largest holdings
% of portfolio · = Q1 2026nowchange, pts
QSRRestaurant Brands Intl Inc
9.9%
−2.6
WCCWesco Intl Inc
4.6%
−3.6
TFXTeleflex Incorporated
3.6%
−0.4
What they did in Q2 2026 · dollars at the quarter-end price
SoldBought
-$267.4MWCC
GPC+$156.4M
-$259.6MWTWOUT
AMZN+$149.0M
-$96.7MUNP
CMENEW+$136.7M
-$96.2MQSR
NCLH+$86.6M
-$81.5MEXP
AXTANEW+$43.6M
-$53.4MLBTYK
GDS+$21.8M
-$46.5MPCVXOUT
PSNEW+$12.9M
-$27.2MAON
FERG+$1.9M
The 8 largest each way of 11 sells and 8 buys; all of them are in the table below.
How the portfolio's mix changed · % of the money, last 8 quarters
Every holding in Q2 2026
| Stock | % of portfolio | Shares | Value | Price | Activity |
|---|---|---|---|---|---|
| AMZN Amazon Com Inc | 18.10% | 3.74M | $892.3M | 238.34 | Added +20.0% |
| ELV Elevance Health Inc Formerly | 10.00% | 1.28M | $493.1M | 386.73 | |
| QSR Restaurant Brands Intl Inc | 9.93% | 6.75M | $489.6M | 72.50 | Reduced -16.4% |
| FERG Ferguson Enterprises Inc · COMMON STOCK NEW | 6.98% | 1.45M | $344.3M | 237.33 | Added +0.6% |
| GPC Genuine Parts Co | 6.74% | 2.82M | $332.3M | 117.98 | Added +89.0% |
| UNP Union Pac Corp | 6.54% | 1.19M | $322.4M | 272.00 | Reduced -23.1% |
| V Visa Inc · COM CL A | 4.88% | 701K | $240.6M | 343.09 | |
| WCC Wesco Intl Inc | 4.64% | 663K | $229.0M | 345.43 | Reduced -53.9% |
| AON Aon Plc · SHS CL A | 4.62% | 687K | $227.9M | 331.69 | Reduced -10.7% |
| TFX Teleflex Incorporated | 3.62% | 1.41M | $178.6M | 126.76 | Reduced -11.7% |
| NCLH Norwegian Cruise Line Hldgs · SHS | 3.31% | 7.73M | $163.2M | 21.11 | Added +113.0% |
| MOH Molina Healthcare Inc | 2.94% | 634K | $144.9M | 228.70 | |
| CME Cme Group Inc | 2.77% | 619K | $136.7M | 220.83 | New |
| HLF Herbalife Ltd · COM SHS | 2.47% | 9.26M | $121.8M | 13.15 | |
| EXP Eagle Matls Inc | 2.42% | 531K | $119.4M | 225.00 | Reduced -40.5% |
| GDS Gds Hldgs Ltd · SPONSORED ADS | 2.30% | 3.77M | $113.2M | 30.03 | Added +23.8% |
| COLD Americold Realty Trust Inc | 2.18% | 6.83M | $107.4M | 15.72 | Reduced -12.2% |
| LBTYK Liberty Global Ltd · COM CL C | 1.91% | 8.54M | $94.0M | 11.00 | Reduced -36.2% |
| AERO Grupo Aeromexico Sab De Cv · SPONSORED ADS | 1.78% | 4.88M | $87.8M | 18.00 | |
| AXTA Axalta Coating Sys Ltd | 0.88% | 1.27M | $43.6M | 34.22 | New |
| DNOW Dnow Inc | 0.73% | 2.79M | $36.2M | 12.97 | Reduced -23.1% |
| PS Pershing Square Inc · COMMON STOCK | 0.26% | 392K | $12.9M | 32.86 | New |
Sold out this quarter
| Stock | Shares the quarter before | % of portfolio then |
|---|---|---|
| WTW Willis Towers Watson Plc Ltd | 893K | 5.44% |
| PCVX Vaxcyte Inc | 800K | 0.97% |
From the information table of the 13F-HR (and any amendment for the same quarter), lines added up by CUSIP. Values are as reported by the manager. Changes compare share counts with the previous quarter on file; a share split between the two is detected and adjusted for.