Klarman’s portfolio

📊 Klarman’s ~$5.4B portfolio reflects his deep‑value, margin‑of‑safety philosophy - concentrated but not as extreme as Ackman’s, and far less macro‑driven than Druckenmiller’s.
The mix leans toward quality compounds across healthcare, tech, industrials, consumer, and payments - all established names with durable moats, but likely purchased at attractive valuations.
🛡 Known for his defensive, risk‑aware approach, Klarman typically holds cash and hedges, so the visible long book likely represents only part of his true exposure - the rest being cash or short positions not shown here.