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 $2.8M, lost); for Kamala Harris (President, about $2.3M, lost); against Donald Trump (President, about $195K, lost). 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 reported gifts; 3 recipient groups listed, as reported to the FEC by the groups that received them.

Backed losers

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 with varying coverage dates; the most common larger-campaign cutoff is Dec 31, 2024). Among dollars with a matched election-stage result, 0% were on the winning side ($19K won, $5.3M lost). $1K had no matched result and is excluded.

Gave to outside spenders

$6.2M

100% of it helped Democrats

Winning share of scored dollars

$5.3M scored (86% of gifts)

Spent on the losing side

$5.3M

Not allocated or result unknown

$840K

$839K not allocated to tracked outside spending; $1K 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 $703K not allocated to tracked outside spending	$6.0M	$2K / $5.3M
DCCC $65K not allocated to tracked outside spending	$83K	$9K / $7K
DSCC $70K not allocated to tracked outside spending	$83K	$8K / $5K

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	$2.8M	✗ No
Kamala Harris	President	Supporting	$2.3M	✗ No
Donald Trump	President (primary)	Attacking	$195K	✗ No
Mike Rogers	Michigan Senate	Attacking	$4K	✓ Yes
Dave McCormick	Pennsylvania Senate	Attacking	$3K	✗ No
Eric Hovde	Wisconsin Senate	Attacking	$3K	✓ Yes
Kamala Harris	President	Attacking	$2K	✓ Yes
Tim Sheehy	Montana Senate	Attacking	$2K	✗ No
Kari Lake	Arizona Senate	Attacking	$1K	✓ Yes
John Duarte	California 13th District	Attacking	$1K	✓ Yes
David Schweikert	Arizona 1st District	Attacking	$961	✗ No
Joe Kent	Washington 3rd District	Attacking	$888	✓ 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 with varying coverage dates; the most common larger-campaign cutoff is Dec 31, 2024). Among dollars with a matched election-stage result, 0% were on the winning side ($19K won, $5.3M lost). $1K had no matched result and is excluded.
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 $2.8M, lost); for Kamala Harris (President, about $2.3M, lost); against Donald Trump (President, about $195K, lost). Amounts are the donor's share of each group's spending.