Warren Buffett Disciple Seth Klarman Bets on Cruise Lines, Auto Parts, Amazon and Bill Ackman in Q2
Key takeaways
- Klarman’s Q2 trades point to a value‑driven bet on travel, auto parts, and tech, with a notable partnership move in Pershing Square.
- CME Group: 619,000 shares, $136.7M
- Axalta Coating Systems: 1,274,356 shares, $43.6M
- Pershing Square Holdings: 392,000 shares, $12.9M
What happened
Seth Klarman, CEO of Baupost Group, added several new stocks in Q2, including CME Group, Axalta Coating Systems, and Pershing Square Holdings, while exiting positions in Willis Towers Watson and Vaxcyte. He also increased stakes in Norwegian Cruise Line, Genuine Parts, GDS Holdings, Amazon, Alphabet, and Ferguson, and reduced holdings in WESCO, Eagle Materials, Liberty Global, DNOW, Union Pacific, Restaurant Brands, Americold, and Aon.
Why it matters
Klarman’s moves signal his confidence in these companies’ value relative to market pricing. The addition of Pershing Square, a fellow hedge fund, highlights a strategic partnership. The significant upside in cruise and auto parts stocks may reflect expectations of recovery in travel and manufacturing.
Short-term and longer-term
Short-term. Klarman’s Q2 moves give traders a clear play on Amazon (+20%) and Alphabet (+16%), both top‑tier tech names with strong cash flows.
Longer-term. For investors, Klarman’s focus on value‑traded tech and industrial stocks signals a long‑term belief in robust earnings growth.