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 $220K, lost); against Herschel Junior Walker (Georgia Senate, about $180K, won); against Adam Paul Laxalt (Nevada Senate, about $91K, 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 reported gifts; 5 recipient groups listed, as reported to the FEC by the groups that received them.

Backed winners

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 with varying coverage dates; the most common larger-campaign cutoff is Dec 31, 2022). Among dollars with a matched election-stage result, 67% were on the winning side ($1.0M won, $502K lost). $13K had no matched result and is excluded.

Gave to outside spenders

$3.2M

100% of it helped Democrats

Winning share of scored dollars

67%

$1.5M scored (47% of gifts)

Spent on the losing side

$502K

Not allocated or result unknown

$1.7M

$1.7M not allocated to tracked outside spending; $13K has no matched result. Neither is cash on hand.

Where the checks went

A person writing checks 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 check 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 allocated to tracked outside spending	$1.7M	$270K / $288K
House Majority PAC $204K not allocated to tracked outside spending	$1.0M	$615K / $175K
Senate Majority PAC $158K not allocated to tracked outside spending	$300K	$106K / $34K
DSCC $150K not allocated to tracked outside spending	$179K	$26K / $2K
DCCC $27K not allocated to tracked outside spending	$37K	$7K / $2K

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	$220K	✗ No
Herschel Junior Walker	Georgia Senate	Attacking	$180K	✓ Yes
Adam Paul Laxalt	Nevada Senate	Attacking	$91K	✓ Yes
Mehmet Oz	Pennsylvania Senate	Attacking	$68K	✓ Yes
Tim Ryan	Ohio Senate	Supporting	$66K	✗ No
Mark Robertson	Nevada 1st District	Attacking	$30K	✓ Yes
Blake Masters	Arizona Senate	Attacking	$28K	✓ Yes
Cassy Garcia	Texas 28th District	Attacking	$27K	✓ Yes
Yesli I. Vega	Virginia 7th District	Attacking	$26K	✓ Yes
Karoline Leavitt	New Hampshire 1st District	Attacking	$26K	✓ Yes
Jeremy Shaffer	Pennsylvania 17th District	Attacking	$25K	✓ Yes
Lisa Scheller	Pennsylvania 7th District	Attacking	$25K	✓ 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 with varying coverage dates; the most common larger-campaign cutoff is Dec 31, 2022). Among dollars with a matched election-stage result, 67% were on the winning side ($1.0M won, $502K lost). $13K had no matched result and is excluded.
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 $220K, lost); against Herschel Junior Walker (Georgia Senate, about $180K, won); against Adam Paul Laxalt (Nevada Senate, about $91K, won). Amounts are the donor's share of each group's spending.