Which super PACs did Seth Klarman fund in 2024?

Republican Accountability PAC ($6.0M), DCCC ($83K), DSCC ($83K).

Which candidates did Seth Klarman's money end up backing or attacking in 2024?

against Donald Trump (President, about $3.1M, lost); for Kamala Harris (President, about $2.4M, lost); against Mike Rogers (Michigan Senate, about $10K, 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

18 gifts to 3 groups, as reported to the FEC by the groups that received them.

Loser

Seth Klarman gave $6.2M to super PACs and other outside groups in the 2024 federal elections, and 100% of it helped Democrats (FEC filings through Dec 31, 2024). Counting dollars, not candidates, and only races already called, 1% ended up on the winning side ($55K won, $5.5M lost).

Gave to outside spenders

$6.2M

100% of it helped Democrats

Ended up on the winning side

$55K of the dollars in races already called

Spent on the losing side

$5.5M

Not spent yet

$579K

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 $502K not spent yet	$6.0M	$2K / $5.5M
DCCC $25K not spent yet	$83K	$32K / $23K
DSCC $49K not spent yet	$83K	$21K / $13K

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	$3.1M	✗ No
Kamala Harris	President	Supporting	$2.4M	✗ No
Mike Rogers	Michigan Senate	Attacking	$10K	✓ Yes
Dave McCormick	Pennsylvania Senate	Attacking	$8K	✗ No
Eric Hovde	Wisconsin Senate	Attacking	$8K	✓ Yes
Tim Sheehy	Montana Senate	Attacking	$4K	✗ No
Kari Lake	Arizona Senate	Attacking	$4K	✓ Yes
John Duarte	California 13th District	Attacking	$4K	✓ Yes
David Schweikert	Arizona 1st District	Attacking	$3K	✗ No
Joe Kent	Washington 3rd District	Attacking	$3K	✓ Yes
Mazi Melesa Pilip	New York 3rd District	Attacking	$3K	Unknown
Yvette Herrell	New Mexico 2nd District	Attacking	$3K	✓ Yes

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

Questions people ask

How much did Seth Klarman spend on the 2024 elections, and did it win?: Seth Klarman gave $6.2M to super PACs and other outside groups in the 2024 federal elections, and 100% of it helped Democrats (FEC filings through Dec 31, 2024). Counting dollars, not candidates, and only races already called, 1% ended up on the winning side ($55K won, $5.5M lost).
Which super PACs did Seth Klarman fund in 2024?: Republican Accountability PAC ($6.0M), DCCC ($83K), DSCC ($83K).
Which candidates did Seth Klarman's money end up backing or attacking in 2024?: against Donald Trump (President, about $3.1M, lost); for Kamala Harris (President, about $2.4M, lost); against Mike Rogers (Michigan Senate, about $10K, won). Amounts are the donor's share of each group's spending.