Which super PACs did Seth Klarman fund in 2022?

Republican Accountability PAC ($1.7M), House Majority PAC ($1.0M), Senate Majority PAC ($300K), DSCC ($179K), DCCC ($37K).

Which candidates did Seth Klarman's money end up backing or attacking in 2022?

against JD Vance (Ohio Senate, about $227K, lost); against Herschel Junior Walker (Georgia Senate, about $197K, won); against Adam Paul Laxalt (Nevada Senate, about $111K, won). Amounts are the donor's share of each group's spending.

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Donor

Seth Klarman

Individual

CEO, The Baupost Group · Massachusetts

11 gifts to 5 groups, as reported to the FEC by the groups that received them.

Winner

Seth Klarman gave $3.2M to super PACs and other outside groups in the 2022 federal elections, and 100% of it helped Democrats (FEC filings through Dec 31, 2022). Counting dollars, not candidates, and only races already called, 68% ended up on the winning side ($1.2M won, $535K lost).

Gave to outside spenders

$3.2M

100% of it helped Democrats

Ended up on the winning side

68%

$1.2M of the dollars in races already called

Spent on the losing side

$535K

Not spent yet

$1.5M

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
Republican Accountability PAC $1.1M not spent yet	$1.7M	$282K / $297K
House Majority PAC $173K not spent yet	$1.0M	$640K / $182K
Senate Majority PAC $120K not spent yet	$300K	$137K / $43K
DSCC $99K not spent yet	$179K	$73K / $7K
DCCC $7K not spent yet	$37K	$23K / $7K

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?
JD Vance	Ohio Senate	Attacking	$227K	✗ No
Herschel Junior Walker	Georgia Senate	Attacking	$197K	✓ Yes
Adam Paul Laxalt	Nevada Senate	Attacking	$111K	✓ Yes
Mehmet Oz	Pennsylvania Senate	Attacking	$83K	✓ Yes
Tim Ryan	Ohio Senate	Supporting	$68K	✗ No
Blake Masters	Arizona Senate	Attacking	$45K	✓ Yes
Ron Johnson	Wisconsin Senate (primary)	Attacking	$34K	✗ No
Mark Robertson	Nevada 1st District	Attacking	$31K	✓ Yes
Cassy Garcia	Texas 28th District	Attacking	$28K	✓ Yes
Yesli I. Vega	Virginia 7th District	Attacking	$27K	✓ Yes
Karoline Leavitt	New Hampshire 1st District	Attacking	$27K	✓ Yes
Lisa Scheller	Pennsylvania 7th District	Attacking	$27K	✓ Yes

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

Questions people ask

How much did Seth Klarman spend on the 2022 elections, and did it win?: Seth Klarman gave $3.2M to super PACs and other outside groups in the 2022 federal elections, and 100% of it helped Democrats (FEC filings through Dec 31, 2022). Counting dollars, not candidates, and only races already called, 68% ended up on the winning side ($1.2M won, $535K lost).
Which super PACs did Seth Klarman fund in 2022?: Republican Accountability PAC ($1.7M), House Majority PAC ($1.0M), Senate Majority PAC ($300K), DSCC ($179K), DCCC ($37K).
Which candidates did Seth Klarman's money end up backing or attacking in 2022?: against JD Vance (Ohio Senate, about $227K, lost); against Herschel Junior Walker (Georgia Senate, about $197K, won); against Adam Paul Laxalt (Nevada Senate, about $111K, won). Amounts are the donor's share of each group's spending.