Seth Klarman's hedge fund Baupost adds a handful of value stocks, including a fintech name
Baupost Group's Seth Klarman took stakes in several underperforming stocks in the first quarter, including fintech name Fidelity National Information Services , according to a new regulatory filing with the SEC. The Boston-based hedge fund manager, who oversees roughly $28 billion in assets , built a $261 million stake in the financial services company in the first three months of 2025, making it his fifth largest holding. It could be a classic value play as Fidelity National fell 7.5% in the first quarter. The stock has since recovered some and was recently down 3% on the year. Baupost also added a $107 million stake in health insurance provider Elevance Health as well as a $71 million bet on Irish healthcare name Icon Plc in the first quarter. Elevance shares are down more than 1% in 2025, while Icon's stock has tumbled nearly 38%. Klarman, a follower of Benjamin Graham 's value investing style, has drawn comparisons to Warren Buffett for his patient, disciplined approach, leading some to dub him "The Oracle of Boston." The 67-year-old Harvard and Cornell grad published his now out-of-print investment guide, "Margin of Safety," in 1991. The book now sells for thousands of dollars online. As growth stocks and technology shares continue to lead the stock market even after a decade of outperformance, value investors like Klarman have struggled with underperformance in recent years. Baupost gained only about 4% a year since 2014, while investors have pulled roughly $7 billion from the hedge fund in the past three years, according to Bloomberg News. Baupost's top holdings at the end of March included John Malone's media conglomerate Liberty Global , Willis Towers Watson and Wesco International .
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Located midway between Daytona Beach and Jacksonville, Florida's Historic Coast includes historic St. Augustine, the outstanding golf and seaside elegance of Ponte Vedra, the rural beauty of Hastings, Elkton, St. Johns, and 42 miles of pristine Atlantic beaches. Visitor Information Centers are located at 10 Castillo Drive, St. Augustine; 200 Solana Rd. Suite B, Ponte Vedra Beach: and at the St. Johns County Beach Pier Park, 350 A1A Beach Blvd., St. Augustine Beach. For advance travel information, call 1.800.653.2489 or go to the Visitors and Convention Bureau website at Check us out on social media Instagram @FloridasHistoricCoast; @ViajaStAugustine, and and Twitter @FlHistoricCoast # # # Attachments Hastings farming heritage is celebrated in new mural Newly reconstructed Fort Mose CONTACT: Barbara Golden St. Augustine, Ponte Vedra & The Beaches Visitors & Convention Bureau 9046698142 Bgolden@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
