Seth Klarman - Baupost Group Portfolio
| Period Date | Mar 31, 2025 | |
| Filing Date | May 14, 2025 | |
| Total Stocks | 23 | |
| Portfolio Value | $3.50M |
Baupost Group Strategy Analysis
Investment Strategy Metrics
Key metrics revealing investment style, risk management, and performance characteristics
| Metric | Value | Category | Description |
|---|---|---|---|
| Holding Period | 1.7 years | Style | Average duration positions are maintained |
| Position Count | 8 | Style | Number of active positions in portfolio |
| Position Size | 15.1% | Risk | Typical allocation per position |
| Win Rate | 44.0% | Performance | Percentage of profitable positions |
| Average Return | 1.4% | Performance | Mean return across positions |
| Sharpe Ratio | 0.08 | Performance | Return per unit of risk taken |
Investment Case Study: ALPHABET INC (GOOG)
3/31/2020 - 8/5/2025
Performance Metrics
Total Return: 345.37%
Holding Period: 1953 days
Max Position Size: $681,182.00
Position Weight: 6.57%
Key Events
3/31/2020: ENTRY(300,500.00 shares) @ $1.16
6/30/2020: DECREASE(-85,820.00 shares) @ $1.41
9/30/2020: DECREASE(-60,100.00 shares) @ $1.47
12/31/2020: DECREASE(-75,000.00 shares) @ $1.75
3/31/2021: INCREASE(211,350.00 shares) @ $2.07
12/31/2021: DECREASE(-62,700.00 shares) @ $2.89
3/31/2022: INCREASE(15,660.00 shares) @ $2.79
6/30/2022: DECREASE(-75,076.00 shares) @ $2.19
9/30/2022: INCREASE(1,207,466.00 shares) @ $0.10
12/31/2022: INCREASE(2,618,000.00 shares) @ $0.09
3/31/2023: INCREASE(1,857,500.00 shares) @ $0.10
6/30/2023: DECREASE(-1,732,000.00 shares) @ $0.12
9/30/2023: DECREASE(-288,242.00 shares) @ $0.13
12/31/2023: DECREASE(-882,000.00 shares) @ $0.14
3/31/2024: INCREASE(8,114.00 shares) @ $0.15
6/30/2024: DECREASE(-1,888,064.00 shares) @ $0.18
9/30/2024: INCREASE(396,000.00 shares) @ $0.17
12/31/2024: DECREASE(-39,600.00 shares) @ $0.19
3/31/2025: INCREASE(652,000.00 shares) @ $0.16
Investment Thesis
Entry Context: Initial position established based on fundamental analysis
Sector Conditions: Favorable market conditions in the sector
Risk Factors:
- Market volatility
- Sector-specific risks
Key Learnings
- Position sizing is critical for portfolio management
- Important to monitor sector exposure