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Baupost Group LLC Seth Klarman

Boston, MA 20 processed 13Fs on this site, 2021 Q3 to 2026 Q2

  • $5.4B
  • 23 holdings
  • 2026 Q2
  • +5.9% QoQ
  • Top 5 50.0%

Portfolio

2026 Q2, filed 8/13/2026, top 12 of 23 holdings

Top 5 50.0%, top 10 74.9%

  1. AMZN, Amazon 16.5%
  2. ELV, Elevance Health 9.1%
  3. QSR, Restaurant Brands International 9.0%
  4. GOOG, Alphabet 9.0%
  5. FERG, Ferguson 6.4%
  6. GPC, Genuine Parts 6.1%
  7. UNP, Union Pacific 6.0%
  8. V, Visa 4.4%
  9. WCC, Wesco International 4.2%
  10. AON, Aon 4.2%
  11. TFX, Teleflex 3.3%
  12. NCLH, Norwegian Cruise Line 3.0%
  13. Other 18.8%

AUM over time

2026 Q2 $5.4B +5.9% QoQ
2021 Q3: $10.9B 2021 Q3: $10.9B
Q3 2021
2021 Q4: $10.1B, −7.0% QoQ 2021 Q4: $10.1B, −7.0% QoQ
Q4
2022 Q1: $9.3B, −8.2% QoQ 2022 Q1: $9.3B, −8.2% QoQ
Q1 2022
2022 Q2: $6.8B, −27.2% QoQ 2022 Q2: $6.8B, −27.2% QoQ
Q2
2022 Q3: $5.8B, −14.4% QoQ 2022 Q3: $5.8B, −14.4% QoQ
Q3
2022 Q4: $6.1B, +5.8% QoQ 2022 Q4: $6.1B, +5.8% QoQ
Q4
2023 Q1: $5.8B, −4.6% QoQ 2023 Q1: $5.8B, −4.6% QoQ
Q1 2023
2023 Q2: $5.6B, −4.0% QoQ 2023 Q2: $5.6B, −4.0% QoQ
Q2
2023 Q3: $5.2B, −7.1% QoQ 2023 Q3: $5.2B, −7.1% QoQ
Q3
2023 Q4: $4.6B, −12.1% QoQ 2023 Q4: $4.6B, −12.1% QoQ
Q4
2024 Q1: $3.7B, −20.4% QoQ 2024 Q1: $3.7B, −20.4% QoQ
Q1 2024
2024 Q2: $3.6B, −0.5% QoQ 2024 Q2: $3.6B, −0.5% QoQ
Q2
2024 Q3: $3.5B, −3.2% QoQ 2024 Q3: $3.5B, −3.2% QoQ
Q3
2024 Q4: $3.4B, −2.3% QoQ 2024 Q4: $3.4B, −2.3% QoQ
Q4
2025 Q1: $3.5B, +1.8% QoQ 2025 Q1: $3.5B, +1.8% QoQ
Q1 2025
2025 Q2: $4.1B, +18.1% QoQ 2025 Q2: $4.1B, +18.1% QoQ
Q2
2025 Q3: $4.8B, +16.0% QoQ 2025 Q3: $4.8B, +16.0% QoQ
Q3
2025 Q4: $5.3B, +10.2% QoQ 2025 Q4: $5.3B, +10.2% QoQ
Q4
2026 Q1: $5.1B, −3.1% QoQ 2026 Q1: $5.1B, −3.1% QoQ
Q1 2026
2026 Q2: $5.4B, +5.9% QoQ 2026 Q2: $5.4B, +5.9% QoQ
Q2

Book

2021 Q4 2021 Q3, filed 11 Feb, long equity only

Download CSV Download Excel All activity
LBTYA, Liberty Global Class C 14.97% Hold 53,971,307 $28.09 $1.5B — —
QRVO, Qorvo 9.18%, was 7.81% Add +16.9% 5,945,744 $156.39 $930M +861,278 +$80M
INTC, Intel 9.17%, was 9.66% Reduce −8.7% 18,036,950 $51.50 $929M −1,708,000 −$123M
VSAT, Viasat 7.16% Hold 16,288,959 $44.54 $726M — —
GOOG, Alphabet 6.52%, was 7.12% Reduce −21.6% 228,230 $2,894 $660M −62,700 −$115M
Liberty Media 5.28%, was 3.96% Add +15.7% 10,509,867 $50.85 $534M +1,425,000 +$103M
Veritiv 4.31% Hold 3,564,439 $122.57 $437M — —
META, Meta Platforms 3.27%, was 4.82% Reduce −36.4% 984,500 $336.35 $331M −562,500 −$194M
FISV, Fiserv 3.13% New 3,050,000 $103.79 $317M +3,050,000 +$317M
SSNC, SS&C Technologies 3.09% Hold 3,816,892 $81.98 $313M — —
MU, Micron Technology 2.99%, was 4.67% Reduce −54.6% 3,250,416 $93.15 $303M −3,913,000 −$206M
WTW, Willis Towers Watson 2.93%, was 2.14% Add +25.0% 1,250,000 $237.49 $297M +250,000 +$64M
Nexstar Media Group 2.55%, was 2.86% Reduce −16.3% 1,712,092 $150.98 $258M −333,908 −$52M
Liberty Media 2.50%, was 1.91% Add +13.1% 4,975,000 $50.85 $253M +575,000 +$45M
Garrett Motion 2.11% New 25,480,292 $8.38 $214M +25,480,292 +$214M
LBTYA, Liberty Global Class A 2.10% Hold 7,657,205 $27.74 $212M — —
DBX, Dropbox 1.96%, was 2.49% Reduce −12.8% 8,095,025 $24.54 $199M −1,192,475 −$73M
Verint Systems 1.95%, was 1.45% Add +6.4% 3,754,965 $52.51 $197M +226,481 +$39M
Digitalbridge Group 1.88% Hold 22,877,059 $8.33 $191M — —
Holding 1.86% Hold 9,550,504 $19.72 $188M — —
Theravance Biopharma 1.49% Hold 13,660,168 $11.05 $151M — —
GEN, Nortonlifelock 1.48% New 5,780,000 $25.98 $150M +5,780,000 +$150M
Atara Biotherapeutics 1.32% Hold 8,477,488 $15.76 $134M — —
Advantage Solutions 0.94% Hold 12,195,000 $7.84 $96M — —
NUVB, Nuvation Bio 0.72% Hold 8,623,021 $8.46 $73M — —
JOBY, Joby Aviation 0.69%, was 0.88% Reduce −3.8% 9,620,793 $7.30 $70M −379,207 −$26M
Archaea Energy 0.61% Hold 3,500,000 $17.76 $62M — —
EHC, Encompass Health 0.46% New 716,100 $65.26 $47M +716,100 +$47M
Grab 0.43% New 6,402,221 $6.77 $43M +6,402,221 +$43M
Avanti Acquisition 0.39% Hold 4,000,000 $9.82 $39M — —
Liberty Media Acquisition 0.32% Hold 3,200,000 $10.28 $33M — —
Ironsource 0.31%, was 0.80% Reduce −50.0% 4,000,000 $7.74 $31M −4,000,000 −$56M
GTX, Garrett Motion 0.28% Hold 3,575,000 $8.03 $29M — —
Altimeter Growth Corporation 2 0.24% Hold 2,500,000 $9.86 $25M — —
CGEM, Cullinan Oncology 0.22%, was 0.37% Reduce −16.3% 1,535,560 $14.66 $23M −300,000 −$18M
Holding 0.19% Hold 2,000,000 $9.77 $20M — —
Trilogy Metals 0.19%, was 0.21% Reduce −3.9% 11,708,547 $1.65 $19M −474,021 −$3.2M
Finch Therapeutics Group 0.11%, was 0.14% Reduce −6.3% 1,132,253 $9.97 $11M −75,906 −$4.4M
Outbrain 0.11% Hold 792,000 $14.00 $11M — —
SVF Investment 0.10% Hold 1,000,000 $10.04 $10M — —
NE, Noble 0.02% Hold 104,928 $23.51 $2.5M — —

Exits / last held

Gone since 2021 Q3, shown at their last reported size.

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
EBAY, eBay 3.83% Exit 0 $69.67 $417M −5,982,667 −$417M
Shaw Communications 2.01% Exit 0 $29.04 $219M −7,530,807 −$219M
IFF, International Flavors & Fragrances 1.53% Exit 0 $133.72 $166M −1,242,483 −$166M
PCG, PG&E 0.64% Exit 0 $9.60 $69M −7,216,458 −$69M
Holding 0.32% Exit 0 $9.80 $34M −3,499,998 −$34M
Broadstone Acquisition 0.27% Exit 0 $9.95 $30M −2,970,000 −$30M
Holding 0.19% Exit 0 $9.93 $21M −2,100,000 −$21M
Dragoneer Growth Oppty 0.09% Exit 0 $9.95 $10M −1,000,000 −$10M

Weight bar: held both quarters added sold at this quarter’s reported price

* Reported price is value ÷ shares from the 13F as of period end, not a live market quote. Weight % is each long-equity position ÷ full 13F AUM, so rows may not sum to 100% when the filing includes options or other non-equity (excluded from this table). Share change and $ change are vs 2021 Q3. Click a column header to sort, or New, Hold, Add or Reduce to bring those moves to the top. Exit opens the last-held block below.

Filings history

20 periods, with AUM normalized

Newest 13Fs
Period Holds AUM QoQ Form Filed Filing ID
2026 Q2 23 $5.4B +5.9% 13F-HR 8/13/2026 000106176826000010
2026 Q1 22 $5.1B −3.1% 13F-HR 5/14/2026 000106176826000007
2025 Q4 22 $5.3B +10.2% 13F-HR 2/13/2026 000106176826000005
2025 Q3 22 $4.8B +16.0% 13F-HR 11/13/2025 000106176825000007
2025 Q2 23 $4.1B +18.1% 13F-HR 8/13/2025 000106176825000005
2025 Q1 23 $3.5B +1.8% 13F-HR 5/14/2025 000106176825000003
2024 Q4 22 $3.4B −2.3% 13F-HR 2/13/2025 000106176825000002
2024 Q3 21 $3.5B −3.2% 13F-HR 11/13/2024 000106176824000005
2024 Q2 24 $3.6B −0.5% 13F-HR 8/13/2024 000156761924000363
2024 Q1 22 $3.7B −20.4% 13F-HR 5/14/2024 000156761924000317
2023 Q4 23 $4.6B −12.1% 13F-HR 2/13/2024 000156761924000192
2023 Q3 32 $5.2B −7.1% 13F-HR 11/13/2023 000156761923007709
2023 Q2 29 $5.6B −4.0% 13F-HR 8/11/2023 000156761923006910
2023 Q1 31 $5.8B −4.6% 13F-HR 5/12/2023 000156761923006061
2022 Q4 34 $6.1B +5.8% 13F-HR 2/13/2023 000156761923002543
2022 Q3 45 $5.8B −14.4% 13F-HR 11/14/2022 000156761922020125
2022 Q2 52 $6.8B −27.2% 13F-HR 8/12/2022 000156761922015853
2022 Q1 55 $9.3B −8.2% 13F-HR 5/13/2022 000156761922010529
2021 Q4 54 $10.1B −7.0% 13F-HR 2/11/2022 000156761922003626
2021 Q3 57 $10.9B — 13F-HR 11/12/2021 000156761921020056

About

Baupost Group LLC

20 processed 13Fs on this site, 2021 Q3 to 2026 Q2

Notable person
Seth Klarman
SEC filing name
BAUPOST GROUP LLC/MA
Location
Boston, MA
All SEC filings
View on sec.gov