塞斯·卡拉曼
Seth Klarman
Baupost Group深度价值/安全边际$27B
季度
《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
28
管理规模 AUM
$27B
做多 Long
22
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
+0.4%
胜率 Win Rate
68%
15W / 7L
盈亏比 P/L Ratio
2.9x
+1% / -0%
最大赢家 Best Pick
GDS
+4.8%
最大输家 Worst Pick
LBTYK
-0.5%
Top5 集中度 Concentration
47%
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 HOLDINGSShare2.4%
avg$7.29→$42.44+482.2%$122.7M
2024-03-31(2.2年)减仓Technology
🟢
GOOGALPHABETShare6.6%
avg$132.87→$365.04+196.0%$338.8M
2020-03-31(6.2年)减仓Communication Services
🟢
WCCWESCO INTERNATIONALShare7.7%
avg$173.12→$365.36+107.2%$393.2M
2024-03-31(2.2年)减仓Industrials
🟢
HLFHERBALIFEShare2.7%
avg$10.47→$12.83+22.5%$136.3M
2022-12-31(3.5年)加仓Consumer Defensive
🟢
UNPUNION PACIFICShare7.3%
avg$224.86→$256.88+20.3%$373.9M
2025-09-30(9月)加仓Industrials
🔔 重要信号 Key Signals2026年第1季度
NEW
AON$248MNEW
V$212MNEW
TFX$191MNEW
AERO$68MNEW
NCLH$68MNEW
PCVX$46MNEW
DNOW$43M-34%
WTW-25%
EXP-36%
LBTYKCLOSED
TBNCLOSED
LBTYACLOSED
CRHCLOSED
FISVCLOSED
DGCLOSED
FIS
持仓分布 Portfolio Allocation2026年第1季度
28持仓数 Holdings
AMZN12.7%
QSR11.7%
WCC7.7%
UNP7.3%
ELV7.3%
GOOG6.6%
FERG6.6%
WTW5.1%
其他 Other35.1%
管理规模 AUM
$27B
近1年 1Y Return
+2.7%
胜率 Win Rate
68%
Top5 集中度
47%
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 | 🟢 | AMAZON | Share | $225.87 | $264.14 | +16.9% | 12.7% | 加仓 |
| 2 | 🟢 | RESTAURANT BRANDS INTERNATIONAL | Share | $66.76 | $73.00 | +13.6% | 11.7% | 加仓 |
| 3 | 🟢 | WESCO INTERNATIONAL | Share | $173.12 | $365.36 | +107.2% | 7.7% | 减仓 |
| 4 | 🟢 | UNION PACIFIC | Share | $224.86 | $256.88 | +20.3% | 7.3% | 加仓 |
| 5 | 🟢 | ELEVANCE HEALTH | Share | $352.35 | $388.50 | +11.4% | 7.3% | 加仓 |
| 6 | 🟢 | ALPHABET | Share | $132.87 | $365.04 | +196.0% | 6.6% | 减仓 |
| 7 | 🟢 | FERGUSON | Share | $208.86 | $238.35 | +7.2% | 6.6% | 加仓 |
| 8 | 🟢 | WILLIS TOWERS WATSON | Share | $241.39 | $255.20 | +2.9% | 5.1% | 减仓 |
| 9 | 🟢 | AON | Share | $330.07 | $317.74 | -3.9% | 4.8% | 持平 |
| 10 | 🟢 | VISA | Share | $322.22 | $327.50 | +1.1% | 4.1% | 持平 |
| 11 | 🟢 | TELEFLEX | Share | $110.01 | $127.00 | +17.9% | 3.7% | 持平 |
| 12 | 🟢 | EAGLE MATERIALS | Share | $238.73 | $224.58 | -18.5% | 3.3% | 加仓 |
| 13 | 🟢 | GENUINE PARTS | Share | $133.41 | $108.70 | -30.4% | 3.1% | 加仓 |
| 14 | 🟢 | LIBERTY GLOBAL | Share | $23.04 | $10.79 | -50.8% | 3.1% | 减仓 |
| 15 | 🟢 | HERBALIFE | Share | $10.47 | $12.83 | +22.5% | 2.7% | 加仓 |
| 16 | 🟢 | GDS HOLDINGS | Share | $7.29 | $42.44 | +482.2% | 2.4% | 减仓 |
| 17 | 🟢 | AMERICOLD REALTY TRUST | Share | $13.48 | $14.26 | +5.8% | 1.7% | 加仓 |
| 18 | 🟢 | MOLINA HEALTHCARE | Share | $160.28 | $184.99 | +15.4% | 1.6% | 加仓 |
| 19 | 🟢 | Grupo Aeromexico, S.A.B. de C.V. | Share | $16.98 | $14.99 | -11.7% | 1.3% | 持平 |
| 20 | 🟢 | NORWEGIAN CRUISE LINE | Share | $21.78 | $15.52 | -28.7% | 1.3% | 持平 |
| 21 | 🟢 | VAXCYTE | Share | $54.35 | $51.44 | -3.6% | 0.9% | 持平 |
| 22 | 🟢 | NOW | Share | $13.07 | $13.14 | +0.5% | 0.8% | 持平 |
持仓变动 Portfolio Changes2026年第1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 |
|---|---|---|---|---|---|
| 增仓 Added | +997K | +47.0% | $649.5M | 12.7% | |
| 增仓 Added | +18K | +1.3% | $393.2M | 7.7% | |
| 减仓 Reduced | -86K | -5.3% | $373.9M | 7.3% | |
| 增仓 Added | +6K | +0.5% | $373.3M | 7.3% | |
| 增仓 Added | +94K | +8.6% | $338.8M | 6.6% | |
| 增仓 Added | +305K | +26.9% | $336.5M | 6.6% | |
| 减仓 Reduced | -464K | -34.2% | $259.6M | 5.1% | |
| 建仓 New | +769K | New | $248.2M | 4.8% | |
| 建仓 New | +701K | New | $212.0M | 4.1% | |
| 建仓 New | +1.6M | New | $190.8M | 3.7% | |
| 减仓 Reduced | -292K | -24.7% | $169.1M | 3.3% | |
| 增仓 Added | +4K | +0.3% | $157.6M | 3.1% | |
| 减仓 Reduced | -7.5M | -35.9% | $157.2M | 3.1% | |
| 增仓 Added | +4.3M | +123.9% | $89.2M | 1.7% | |
| 增仓 Added | +9K | +1.4% | $84.5M | 1.6% | |
| 建仓 New | +4.9M | New | $68.4M | 1.3% | |
| 建仓 New | +3.6M | New | $67.9M | 1.3% | |
| 建仓 New | +800K | New | $46.5M | 0.9% | |
| 建仓 New | +3.6M | New | $43.2M | 0.8% | |
| 清仓 Closed | -257K | Closed | - | - | |
| 清仓 Closed | -2.1M | Closed | - | - | |
| 清仓 Closed | -1.1M | Closed | - | - | |
| 清仓 Closed | -2.2M | Closed | - | - | |
| 清仓 Closed | -2.1M | Closed | - | - | |
| 清仓 Closed | -4.5M | Closed | - | - |