Investor: Seth Klarman
Number of Assets: 23
Reporting Period: Q1 - 2025
Holdings at Report: $3,496,062,000
Return Since Report: +$363,041,346
Return Since Report: +10.38%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Alphabet Inc. (GOOG) | Equity | +45.72% | 2,077,988 | 9.33% | $156.23 | $194.23 | $324,644,000 | $403,607,609 | +$78,963,609 | +24.32% |
| Clarivate PLC (CLVT) | Equity | -70.29% | 10,777,863 | 1.22% | $3.93 | $4.51 | $42,357,000 | $48,554,273 | +$6,197,273 | +14.63% |
| CRH PLC (CRH) | Equity | +2.01% | 2,694,395 | 6.81% | $87.97 | $99.80 | $237,026,000 | $268,900,621 | +$31,874,621 | +13.45% |
| Dollar General Corp. (DG) | Equity | +2.14% | 2,104,876 | 5.32% | $87.93 | $107.79 | $185,082,000 | $226,884,584 | +$41,802,584 | +22.59% |
| Eagle Materials Inc. (EXP) | Equity | +42.53% | 909,633 | 5.80% | $221.93 | $225.05 | $201,875,000 | $204,712,907 | +$2,837,907 | +1.41% |
| Elevance Health Inc. (ELV) | Equity | +100% | 246,000 | 3.07% | $434.96 | $290.63 | $107,000,000 | $71,494,980 | -$35,505,020 | -33.18% |
| Ferguson Enterprises Inc. (FERG) | Equity | 0% | 1,132,000 | 5.21% | $160.23 | $223.85 | $181,380,000 | $253,399,332 | +$72,019,332 | +39.71% |
| Fidelity National Information Services Inc. (FIS) | Equity | +100% | 3,492,947 | 7.49% | $74.68 | $81.87 | $260,853,000 | $285,967,571 | +$25,114,571 | +9.63% |
| GDS Holdings Limited (GDS) | Equity | 0% | 4,249,952 | 3.09% | $25.33 | $36.86 | $107,651,000 | $156,631,981 | +$48,980,981 | +45.50% |
| Herbalife Ltd. (HLF) | Equity | 0% | 7,600,526 | 1.88% | $8.63 | $9.74 | $65,593,000 | $73,991,121 | +$8,398,121 | +12.80% |
| Icon Public Limited Company (ICLR) | Equity | +100% | 405,000 | 2.04% | $174.99 | $187.51 | $70,871,000 | $75,941,550 | +$5,070,550 | +7.15% |
| Liberty Broadband Corp. (LBRDA) | Equity | 0% | 7,560 | 0.02% | $85.05 | $70.37 | $643,000 | $531,959 | -$111,041 | -17.27% |
| Liberty Broadband Corp. (LBRDK) | Equity | 0% | 170,610 | 0.42% | $85.05 | $70.80 | $14,510,000 | $12,079,188 | -$2,430,812 | -16.75% |
| Liberty Global Ltd. (LBTYA) | Equity | -2.40% | 5,076,762 | 1.68% | $11.51 | $10.02 | $58,434,000 | $50,843,771 | -$7,590,229 | -12.99% |
| Liberty Global Ltd. (LBTYK) | Equity | -37.50% | 24,657,803 | 8.48% | $11.97 | $10.25 | $295,154,000 | $252,742,481 | -$42,411,519 | -14.37% |
| Restaurant Brands International Inc. (QSR) | Equity | +33.94% | 3,886,562 | 7.44% | $66.64 | $69.52 | $259,000,000 | $270,193,790 | +$11,193,790 | +4.32% |
| Solventum Corp. (SOLV) | Equity | -27.18% | 1,053,240 | 2.30% | $76.04 | $74.60 | $80,088,000 | $78,566,438 | -$1,521,562 | -1.90% |
| Tamboran Resources Corp. (TBN) | Equity | 0% | 570,833 | 0.39% | $23.99 | $19.75 | $13,694,000 | $11,271,098 | -$2,422,902 | -17.69% |
| Somnigroup International Inc. (TPX) | Equity | +100% | 703,349 | 1.21% | $59.88 | $59.86 | $42,117,000 | $42,102,471 | -$14,529 | -0.03% |
| Viasat Inc. (VSAT) | Equity | -16.62% | 10,190,728 | 3.05% | $10.42 | $14.62 | $106,187,000 | $148,988,443 | +$42,801,443 | +40.31% |
| Wesco International Inc. (WCC) | Equity | +39.70% | 2,005,601 | 8.95% | $155.30 | $214.05 | $311,470,000 | $429,298,894 | +$117,828,894 | +37.83% |
| Willis Towers Watson Public Limited Company (WTW) | Equity | -16.94% | 1,525,667 | 14.81% | $337.95 | $313.02 | $515,599,000 | $477,564,284 | -$38,034,716 | -7.38% |