塞斯·卡拉曼
Seth Klarman
Baupost Group深度价值/安全边际$27B
《安全边际》作者，Baupost 集团创始人。极度注重下行保护，长期保持大量现金仓位等待机会。
持仓数量 Holdings
23
管理规模 AUM
$27B
做多 Long
21
做空/对冲 Short
0
组合收益 Portfolio Returns
组合收益率 Portfolio Returns
近1月 1M
-1.8%
近3月 3M
+0.6%
近6月 6M
+3.7%
近1年 1Y
+2.7%
近3年 3Y
+24.8%
近5年 5Y
+6.2%
加权回报 Weighted Return
+0.2%
胜率 Win Rate
57%
12W / 9L
盈亏比 P/L Ratio
2.6x
+1% / -0%
最大赢家 Best Pick
GDS
+4.7%
最大输家 Worst Pick
LBTYA
-0.6%
Top5 集中度 Concentration
45%
组合收益说明 Portfolio Return Methodology: 收益涨幅基于假设虚拟净值计算。收益涨幅 = (最新虚拟净值 - X周期前虚拟净值) / X周期前虚拟净值 × 100%。 组合虚拟净值 = 成份标的的虚拟持仓净值之和。成份标的虚拟持仓净值 = 成份标的持有份额 × 前复权收盘价格。 加权回报率基于 SEC 13F 披露的加权平均成本价 vs 当前市价，按持仓占比加权。 数据每个交易日盘后更新。组合调仓（季度 13F 披露）时重新计算份额。 收益涨幅仅供参考，不代表对未来收益的预测与保证，也不构成任何投资建议。
🏆 最赚钱持仓 Top Winners
🟢
GDSGDS HOLDINGSShare2.0%
avg$7.29→$41.38+467.6%$106.3M
2024-03-31(2.0年)减仓Technology
🟢
GOOGALPHABETShare6.6%
avg$117.19→$298.79+155.0%$341.2M
2020-03-31(6.0年)减仓Communication Services
🟢
FISVFISERVShare2.9%
avg$38.80→$57.07+47.1%$147.8M
2025-09-30(6月)加仓Technology
🟢
TBNTAMBORAN RESOURCES CORPShare0.1%
avg$21.77→$31.92+46.6%$7.0M
2024-09-30(1.5年)减仓Energy
🟢
WCCWESCO INTERNATIONALShare6.7%
avg$171.74→$250.02+45.6%$347.1M
2024-03-31(2.0年)加仓Industrials
🔔 重要信号 Key Signals2025年第4季度
NEW
AMZN$490MNEW
MOH$108M-41%GOOG-23%
DG-68%
CRH-59%
LBTYA-55%TBNCLOSED
PAGSCLOSED
CABO
持仓分布 Portfolio Allocation2025年第4季度
23持仓数 Holdings
QSR10.7%
AMZN9.5%
WTW8.6%
ELV8.6%
UNP7.3%
WCC6.7%
GOOG6.6%
FIS5.8%
其他 Other36.3%
管理规模 AUM
$27B
近1年 1Y Return
+2.7%
胜率 Win Rate
57%
Top5 集中度
45%
完整持仓 Full Holdings
| # | 方向 | 股票 Ticker | 类型 Type | 买入均价 | 当前价 | 收益率 | 占比 % | |
|---|---|---|---|---|---|---|---|---|
| 1 | 🟢 | RESTAURANT BRANDS INTERNATIONAL | Share | $66.76 | $73.75 | +10.5% | 10.7% | 加仓 |
| 2 | 🟢 | AMAZON | Share | $229.72 | $205.37 | -10.6% | 9.5% | 持平 |
| 3 | 🟢 | WILLIS TOWERS WATSON | Share | $246.63 | $291.25 | +18.1% | 8.6% | 减仓 |
| 4 | 🟢 | ELEVANCE HEALTH | Share | $352.49 | $291.48 | -17.3% | 8.6% | 加仓 |
| 5 | 🟢 | UNION PACIFIC | Share | $224.87 | $234.92 | +4.5% | 7.3% | 加仓 |
| 6 | 🟢 | WESCO INTERNATIONAL | Share | $171.74 | $250.02 | +45.6% | 6.7% | 加仓 |
| 7 | 🟢 | ALPHABET | Share | $117.19 | $298.79 | +155.0% | 6.6% | 减仓 |
| 8 | 🟢 | FIDELITY NATIONAL INFORMATION | Share | $72.63 | $49.79 | -31.4% | 5.8% | 加仓 |
| 9 | 🟢 | DOLLAR GENERAL | Share | $97.53 | $124.52 | +27.7% | 5.3% | 加仓 |
| 10 | 🟢 | FERGUSON | Share | $199.47 | $217.56 | +9.1% | 4.9% | 加仓 |
| 11 | 🟢 | EAGLE MATERIALS | Share | $236.63 | $173.07 | -26.9% | 4.7% | 加仓 |
| 12 | 🟢 | LIBERTY GLOBAL | Share | $23.38 | $11.37 | -51.4% | 4.5% | 减仓 |
| 13 | 🟢 | GENUINE PARTS | Share | $133.45 | $96.38 | -27.8% | 3.5% | 加仓 |
| 14 | 🟢 | FISERV | Share | $38.80 | $57.07 | +47.1% | 2.9% | 加仓 |
| 15 | 🟢 | CRH PUBLIC LTD | Share | $84.27 | $100.47 | +19.2% | 2.6% | 减仓 |
| 16 | 🟢 | HERBALIFE | Share | $10.47 | $14.71 | +40.5% | 2.3% | 加仓 |
| 17 | 🟢 | MOLINA HEALTHCARE | Share | $160.36 | $139.41 | -13.1% | 2.1% | 持平 |
| 18 | 🟢 | GDS HOLDINGS | Share | $7.29 | $41.38 | +467.6% | 2.0% | 减仓 |
| 19 | 🟢 | AMERICOLD REALTY TRUST | Share | $14.60 | $11.25 | -22.9% | 0.9% | 加仓 |
| 20 | 🟢 | LIBERTY GLOBAL | Share | $26.31 | $11.69 | -55.6% | 0.5% | 减仓 |
| 21 | 🟢 | TAMBORAN RESOURCES CORP | Share | $21.77 | $31.92 | +46.6% | 0.1% | 减仓 |
持仓变动 Portfolio Changes2025年第4季度
| 股票 Ticker | 类型 Type | 股数变动 Share Change | 变动比例 Change % | 当前市值 Value | 占比 Weight |
|---|---|---|---|---|---|
| 减仓 Reduced | -173K | -2.1% | $551.3M | 10.7% | |
| 建仓 New | +2.1M | New | $489.7M | 9.5% | |
| 增仓 Added | +269K | +24.7% | $446.1M | 8.6% | |
| 减仓 Reduced | -50K | -3.8% | $445.0M | 8.6% | |
| 增仓 Added | +131K | +8.8% | $376.4M | 7.3% | |
| 减仓 Reduced | -84K | -5.6% | $347.1M | 6.7% | |
| 减仓 Reduced | -771K | -41.5% | $341.2M | 6.6% | |
| 增仓 Added | +714K | +18.8% | $299.3M | 5.8% | |
| 减仓 Reduced | -604K | -22.6% | $273.9M | 5.3% | |
| 减仓 Reduced | -18K | -1.6% | $253.1M | 4.9% | |
| 增仓 Added | +246K | +26.1% | $245.0M | 4.7% | |
| 减仓 Reduced | -773K | -3.6% | $230.6M | 4.5% | |
| 增仓 Added | +91K | +6.5% | $182.7M | 3.5% | |
| 增仓 Added | +1.3M | +145.8% | $147.8M | 2.9% | |
| 减仓 Reduced | -2.3M | -68.3% | $133.9M | 2.6% | |
| 增仓 Added | +3.0M | +47.9% | $119.4M | 2.3% | |
| 建仓 New | +625K | New | $108.5M | 2.1% | |
| 减仓 Reduced | -205K | -6.3% | $106.3M | 2.0% | |
| 减仓 Reduced | -124K | -3.5% | $44.7M | 0.9% | |
| 减仓 Reduced | -3.0M | -59.0% | $23.2M | 0.5% | |
| 减仓 Reduced | -314K | -54.9% | $7.0M | 0.1% | |
| 清仓 Closed | -2.5M | Closed | - | - | |
| 清仓 Closed | -14.1M | Closed | - | - |