Which super PACs did Seth Klarman fund in 2020?

Pacronym ($1.5M), Senate Majority PAC ($1.0M), House Majority PAC ($1.0M), Priorities USA Action ($1.0M), Unite the Country ($500K).

Which candidates did Seth Klarman's money end up backing or attacking in 2020?

against Donald Trump (President, about $1.4M, won); for Joe Biden (President, about $1.2M, won); against Thom Tilllis (North Carolina Senate, about $167K, lost). Amounts are the donor's share of each group's spending.

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Donor

Seth Klarman

Individual

CEO, Baupost Group · Massachusetts

10 gifts to 8 groups, as reported to the FEC by the groups that received them.

Mixed

Seth Klarman gave $5.2M to super PACs and other outside groups in the 2020 federal elections, and 100% of it helped Democrats (FEC filings through Dec 31, 2020). Counting dollars, not candidates, and only races already called, 61% ended up on the winning side ($2.9M won, $1.8M lost).

Gave to outside spenders

$5.2M

100% of it helped Democrats

Ended up on the winning side

61%

$2.9M of the dollars in races already called

Spent on the losing side

$1.8M

Not spent yet

$494K

Sitting with groups that have not spent

Where the cheques went

A person writing cheques from their own fortune. Each gift is split the way the group that received it split its spending between winners and losers, so a $10M cheque to a group that spent 80% on losers counts as $8M on the losing side.

✓ Backed the winner or attacked the loser ✗ Backed the loser or attacked the winner Result not matched

Group	Gave	Won / lost
Pacronym $186K not spent yet	$1.5M	$1.0M / $291K
Senate Majority PAC $116K not spent yet	$1.0M	$368K / $516K
House Majority PAC $58K not spent yet	$1.0M	$173K / $766K
Priorities USA Action $1K not spent yet	$1.0M	$848K / $150K
Unite the Country $61K not spent yet	$500K	$427K / $12K
DSCC $27K not spent yet	$71K	$7K / $37K
New Leadership PAC	$50K	$0 / $8K
DCCC	$36K	$6K / $30K

The trail

What the money bought

The candidates Seth Klarman's money was spent for or against, pro-rated by Seth Klarman's share of each group's funding.

Candidate	Race	Spending	Their share	Paid off?
Donald Trump	President	Attacking	$1.4M	✓ Yes
Joe Biden	President	Supporting	$1.2M	✓ Yes
Thom Tilllis	North Carolina Senate	Attacking	$167K	✗ No
Joni Ernst	Iowa Senate	Attacking	$144K	✗ No
John James	Michigan Senate (primary)	Attacking	$132K	✗ No
Susan Margaret Collins	Maine Senate	Attacking	$128K	✗ No
David A. Perdue	Georgia Senate	Attacking	$123K	✓ Yes
Martha McSally	Arizona Senate	Attacking	$79K	✓ Yes
Steve Daines	Montana Senate	Attacking	$73K	✗ No
Cal Cunningham	North Carolina Senate	Supporting	$62K	✗ No
Michelle Steel	California 48th District	Attacking	$51K	✗ No
Joseph Kennedy	Massachusetts Senate (primary)	Supporting	$42K	Unknown

Individual as classified from the FEC entity type and public reporting.

Questions people ask

How much did Seth Klarman spend on the 2020 elections, and did it win?: Seth Klarman gave $5.2M to super PACs and other outside groups in the 2020 federal elections, and 100% of it helped Democrats (FEC filings through Dec 31, 2020). Counting dollars, not candidates, and only races already called, 61% ended up on the winning side ($2.9M won, $1.8M lost).
Which super PACs did Seth Klarman fund in 2020?: Pacronym ($1.5M), Senate Majority PAC ($1.0M), House Majority PAC ($1.0M), Priorities USA Action ($1.0M), Unite the Country ($500K).
Which candidates did Seth Klarman's money end up backing or attacking in 2020?: against Donald Trump (President, about $1.4M, won); for Joe Biden (President, about $1.2M, won); against Thom Tilllis (North Carolina Senate, about $167K, lost). Amounts are the donor's share of each group's spending.