Seth Klarman Biography, Age, Wife, Book, Portfolio, Baupost, Holdings and Networth

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Seth Klarman Biography

Seth Klarman born as Seth Andrew Klarman is an American billionaire investor and hedge fund manager. He is widely known as a value investor, and is the chief executive and portfolio manager of the Baupost Group, a Boston-based private investment partnership he founded in 1982.

Klarman closely follows the investment philosophy of Benjamin Graham and is also known for buying unpopular assets while they are undervalued, seeking a margin of safety and profiting from any rise in price. Since his fund’s $27 million-dollar inception to 2008 he has realized a 20 percent compound return-on-investment and as of 2016 manages $31 billion in assets.

His personal fortune is listed by  Forbes Magazine at  US$1.50 billion. Klarman was listed as the 15th highest earning hedge fund manager in the world in 2015. He was inducted into Institutional Investors Alpha’s Hedge Fund Manager Hall of Fame in 2008.  He has drawn numerous comparisons to fellow value investor Warren Buffett, and akin to Buffett’s notation as the “Oracle of Omaha,” he is known as the “Oracle of Boston.”

Seth Klarman Age

Klarman was born on May 21, 1957 in New York City. He is 61 years old as of 2018.

Seth Klarman Family

Klarman was born on May 21, 1957 in New York City. At age of six he moved to the Mt. Washington area of Baltimore, Maryland near the Pimlico Race Track, and grew up in a traditional Jewish family. Klarman’s father was a public health economist at Johns Hopkins University and his mother was a psychiatric social worker. After moving to Baltimore his parents divorced.

Seth Klarman Education

Klarman joined Cornell University in Ithaca, New York, though he was interested in majoring in mathematics he instead chose to pursue economics. In 1979 he graduated magna cum laude in economics with a minor in history. He interned at the Mutual Shares fund and was introduced to Max Heine and Michael Price in the summer of his junior year. After he graduated from college he went back to the company to work for 18 months before deciding to go to business school. Klarman went on and joined Harvard Business School where he was a Baker Scholar and was classmates with Jeffrey Immelt, Steve Burke, Stephen Mandel, James Long and Jamie Dimon.

Seth Klarman Wife | Seth Klarman Children

Klarman typically keeps a low profile, rarely speaking in public or granting interviews. He lives with his wife Beth Schultz Klarman, whom he met on a Boston Harbor cruise in 1982 in Chestnut Hill. The couple has three children. He has a brother known as Michael Klarman, who is a professor at Harvard Law School.

Seth Klarman Margin Of Safety |Seth Klarman Letter

Though Klarman has written many annual letters to shareholders he has kept a limited role in writing articles, opinion editorials or books. During an interview with Charlie Rose, he discussed the popularity of his shareholder’s letters and a request on behalf of HarperCollins to write and publish a book on investing.

Following this request he published his first book and as of February 2017, his only book, Margin of Safety, Risk Averse Investing Strategies for the Thoughtful Investor, a reflection of value investing found in his hedge fund. In this book he has outlined the various issues with retail investing, and critiques small time investors getting into the market purely using metrics such as price momentum and losing money in the long run. He said that this is speculation and at times gambling, and should be discouraged in the market place. The book asserts that more people should become value investors or people who invest in stocks that trade below their underlying value so as to purchase them at a discount.

Seth Klarman Book

Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor.

Seth Klarman Baupost

In 1982 after graduating from business school, he founded the Baupost Group with Harvard Professor William Poorvu and partners Howard Stevenson, Jordan Baruch and Isaac Auerbach. The name Baupost is an acronym based on the founders’ names which was decided before Klarman joined the project. Klarman together with his associates were asked by Poorvu to manage some money he had raised from the selling of his share in a local television station and the fund was started with US$27 million in start up capital. Klarman’s starting salary was $35,000 a year, considered low to alternative job offers, and he later recalled that the other founders “were taking a big risk on a relatively inexperienced person.”In his early investment career, he used to badger Goldman Sachs salesmen with questions regarding their options and thoughts on the markets that they were afraid to pick up the phone if they saw that Baupost was calling.

Seth Klarman House

Seth Klarman Net Worth

Klarman has a Net worth‎ US$1.50 billion

Seth Klarman Holdings |Seth Klarman Portfolio |Seth Klarman Stocks

Reportedly, Seth Klarman’s 13F portfolio value increased from $10.37B to $11.44B this quarter. Baupost Group increased Twenty First Century Fox while decreasing Cheniere Energy. The portfolio continues to be heavily concentrated with the top three positions accounting for ~40% of the 13F portfolio.

Ticker

Company

% Portfolio

Number of Shares

Value ($1,000)

FOXA
Twenty-First Century Fox Inc.
18.95%
52,001,167
2,409,214
LNG
Cheniere Energy Inc.
7.76%
14,196,135
986,489
AGN
Allergan PLC
7.42%
4,950,000
942,876
VSAT
Viasat Inc.
6.91%
13,732,068
878,166
PCG
PG&E Corp.
6.87%
18,979,790
873,260
QRVO
Qorvo Inc.
6.65%
11,000,000
845,790
FOX
Twenty-First Century Fox Inc.
6.24%
17,320,922
793,645
PXD
Pioneer Natural Resources Co.
5.48%
4,000,000
696,760
SYF
Synchrony Financial
3.99%
16,332,929
507,627
AR
Antero Resources Corp.
3.70%
26,587,791
470,870
LBTYK
Liberty Global PLC
2.39%
10,768,870
303,251
TBPH
Theravance Biopharma Inc.
2.39%
9,309,168
304,131
CLNY
Colony Capital Inc.
2.38%
49,687,370
302,596
MCK
McKesson Corp.
2.27%
2,175,700
288,607
ATRA
Atara Biotherapeutics Inc.
2.03%
6,254,632
258,629
CAH
Cardinal Health Inc.
2.01%
4,738,485
255,878
ABC
AmerisourceBergen Corp.
2.00%
2,751,056
253,702
TRCO
Tribune Media Co.
1.81%
5,996,042
230,428
AABA
Altaba Inc.
1.51%
2,810,775
191,470
LBTYA
Liberty Global PLC
1.13%
4,957,205
143,412
– – –
Others
6.10%
90,700,887
776,836
– – –
Asset Under Management
100.00%
369,250,992
12,713,637

Seth Klarman Letter To Investors |Seth Klarman Annual Letter |Seth Klarman Investor Letter

Investment Firm

Date Posted

Analysis and Valuation of Insurance Companies
10-Apr
Askeladden Capital
10-Apr
Blue Tower Asset Management
10-Apr
Greenlight Capital
10-Apr
Schroders Global Markets Perspective
10-Apr
Sequoia Fund
10-Apr
Understanding High Yield Bonds
10-Apr
Upslope Capital
10-Apr
Vltava Fund
10-Apr
Akre Focus Fund
14-Apr
Exor 2017 Annual Letter
14-Apr
Jamie Dimon 2017 Annual Letter
14-Apr
Longleaf Partners
14-Apr
Oakmark Funds
14-Apr
JDP Capital 2017 Annual Letter
16-Apr
Wedgewood Partners
16-Apr
Weitz Investment Management
16-Apr
River Oak 2017 Annual Letter
17-Apr
Euclidean Technologies
18-Apr
GMO on Russia
18-Apr
Jeff Bezos 2017 Annual Letter
19-Apr
Artko Capital
20-Apr
Cureen Capital
20-Apr
Horizon Kinetics
20-Apr
Tao Value
21-Apr
Bill Miller
22-Apr
Bonhoeffer Fund
22-Apr
Horizon Kinetics Presentation
22-Apr
Longcast Advisors
22-Apr
River Park Focused Value
22-Apr
River Park Growth Fund
22-Apr
River Park High Yield Fund
22-Apr
River Park Opportunity Fund
22-Apr
Elliot – Hyundai Presentation
23-Apr
Ewing Morris
23-Apr
Hypotenuse Capital
23-Apr
Laughing Water – Greenhill Presentation
23-Apr
Mark Leonard 2017 Annual Letter
23-Apr
Maran Capital Management
24-Apr
Research Affiliates – On Bubbles
24-Apr
IMC 2017 Annual Letter
25-Apr
Alluvial Capital
26-Apr
Vulcan Value Partners
29-Apr
Dane Capital Management
30-Apr
Laughing Water Capital
30-Apr

Seth And Beth Klarman

Spelman College was excited to announce a $5 million gift from Seth and Beth Klarman of Boston in January 22, 2018 . The gift was set to fund scholarships for current and incoming Spelman students. Spelman is a leading liberal arts college dedicated to academic excellence and the education of Black women through intellectual, creative, ethical and leadership development. The Klarmans’ $5 million gift  was set also to extend opportunities to more Spelman scholars to become models of academic excellence and agents for positive change in the world.

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