Seth Klarman says he was a ‘significant’ seller during the market’s second-quarter comeback

Seth Klarman, chief executive officer of The Baupost Group LLC, listens during an interview in New York, June 8, 2018.

(This story is for CNBC Pro subscribers only.)

Seth Klarman's Baupost Group dumped stocks in the previous quarter despite the historic market rally. The billionaire investor said a handful of stocks led the gains in his hedge fund.

Klarman has drawn comparisons to Warren Buffett for his disciplined and patient value style. His hedge fund manages about $30 billion as of 2019.

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