2025年第四季度，Seth Klarman增持了210万股亚马逊股份，减少了Alphabet持股41.5%，理由是市场估值低估和云业务增长强劲。 In Q4 2025, Seth Klarman boosted his Amazon stake by 2.1M shares, cut Alphabet holdings by 41.5%, citing undervaluation and strong cloud growth.

2025年,亿万富翁投资者赛斯·克拉曼(Seth Klarman)将亚马逊的股份增加超过210万股,成为他的第二大股,受该公司强劲的云量增长和价值低估所驱动。 In Q4 2025, billionaire investor Seth Klarman increased his Amazon stake by over 2.1 million shares, making it his second-largest holding, driven by the company’s strong cloud growth and undervalued valuation. 他同时将字母排名降低了41.5%, 销售了约771 000股, 尽管字母排名的云段显示增长强劲。 He simultaneously reduced his Alphabet position by 41.5%, selling about 771,000 shares, despite Alphabet’s cloud segment posting robust growth. 这些动作在Baupost的13F档案中暴露出来,反映了Klarman的价值投资战略,其重点是高利润、大技术公司内受低估的部分。 The moves, revealed in Baupost’s 13F filing, reflect Klarman’s value investing strategy focused on high-margin, underappreciated segments within large tech firms.