Follow The Filings

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

2022 Q1 2021 Q4, filed 13 May, long equity only

Download CSV Download Excel All activity
LBTYA, Liberty Global Class C 15.03% Hold 53,971,307 $25.91 $1.4B — —
QRVO, Qorvo 8.87% Add +11.8% 6,645,712 $124.10 $825M +699,968 −$105M
INTC, Intel 8.84%, was 9.17% Reduce −8.0% 16,592,431 $49.56 $822M −1,444,519 −$107M
VSAT, Viasat 8.55% Hold 16,288,959 $48.80 $795M — —
GOOG, Alphabet 7.32%, was 6.52% Add +6.9% 243,890 $2,793 $681M +15,660 +$21M
Liberty Media 5.49%, was 5.28% Add +6.2% 11,161,589 $45.73 $510M +651,722 −$24M
Veritiv 5.12% Hold 3,564,439 $133.59 $476M — —
FISV, Fiserv 4.35%, was 3.13% Add +30.8% 3,988,391 $101.40 $404M +938,391 +$88M
WTW, Willis Towers Watson 3.13% Reduce −1.5% 1,230,966 $236.22 $291M −19,034 −$6.1M
SSNC, SS&C Technologies 3.04%, was 3.09% Reduce −1.3% 3,767,449 $75.02 $283M −49,443 −$30M
Liberty Media 2.76%, was 2.50% Add +13.0% 5,619,936 $45.71 $257M +644,936 +$3.9M
DBX, Dropbox 2.64%, was 1.96% Add +30.6% 10,571,046 $23.25 $246M +2,476,021 +$47M
MU, Micron Technology 2.61%, was 2.99% Reduce −4.3% 3,110,974 $77.89 $242M −139,442 −$60M
Nexstar Media Group 2.33%, was 2.55% Reduce −33.0% 1,147,692 $188.48 $216M −564,400 −$42M
META, Meta Platforms 2.32%, was 3.27% Reduce −1.5% 969,911 $222.36 $216M −14,589 −$115M
EHC, Encompass Health 2.29%, was 0.46% Add +318.9% 3,000,000 $71.11 $213M +2,283,900 +$167M
Garrett Motion 2.27% Hold 25,480,292 $8.27 $211M — —
LBTYA, Liberty Global Class A 2.10% Hold 7,657,205 $25.51 $195M — —
Digitalbridge Group 1.42%, was 1.88% Reduce −19.7% 18,366,359 $7.20 $132M −4,510,700 −$58M
Theravance Biopharma 1.40%, was 1.49% Reduce −0.1% 13,643,333 $9.56 $130M −16,835 −$21M
Verint Systems 1.23%, was 1.95% Reduce −41.2% 2,207,576 $51.70 $114M −1,547,389 −$83M
Atara Biotherapeutics 0.81%, was 1.32% Reduce −4.2% 8,123,616 $9.29 $75M −353,872 −$58M
Advantage Solutions 0.80%, was 0.94% Reduce −1.3% 12,039,952 $6.17 $74M −155,048 −$21M
Archaea Energy 0.70% Reduce −10.8% 3,121,503 $20.98 $65M −378,497 +$3.3M
NUVB, Nuvation Bio 0.59% Add +21.1% 10,443,494 $5.26 $55M +1,820,473 −$18M
Avanti Acquisition 0.42% Hold 4,000,000 $9.86 $39M — —
Ironsource 0.41%, was 0.31% Add +98.4% 7,936,988 $4.80 $38M +3,936,988 +$7.1M
Liberty Media Acquisition 0.34% Reduce −1.4% 3,156,598 $9.91 $31M −43,402 −$1.6M
GTN, Gray Television 0.31% New 1,290,916 $22.07 $28M +1,290,916 +$28M
Holding 0.28% New 378,284 $69.26 $26M +378,284 +$26M
GTX, Garrett Motion 0.28% Hold 3,575,000 $7.19 $26M — —
Altimeter Growth Corporation 2 0.26% Reduce −1.1% 2,473,180 $9.82 $24M −26,820 −$363K
Grab 0.22%, was 0.43% Reduce −4.6% 6,105,101 $3.35 $20M −297,120 −$23M
Holding 0.21% Reduce −1.8% 1,964,288 $9.80 $19M −35,712 −$290K
CGEM, Cullinan Oncology 0.17% Hold 1,535,560 $10.47 $16M — —
JOBY, Joby Aviation 0.14%, was 0.69% Reduce −79.6% 1,967,244 $6.62 $13M −7,653,549 −$57M
Trilogy Metals 0.13%, was 0.19% Reduce −5.0% 11,125,566 $1.05 $12M −582,981 −$7.6M
BRBR, Bellring Brands 0.12% New 479,583 $23.08 $11M +479,583 +$11M
SVF Investment 0.10% Reduce −1.1% 989,267 $9.80 $9.7M −10,733 −$345K
Outbrain 0.09% Hold 792,000 $10.73 $8.5M — —
Finch Therapeutics Group 0.06%, was 0.11% Reduce −0.8% 1,123,108 $5.03 $5.6M −9,145 −$5.6M
NE, Noble 0.04% Hold 104,928 $33.00 $3.5M — —

Exits / last held

Gone since 2021 Q4, shown at their last reported size.

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
Holding 1.86% Exit 0 $19.72 $188M −9,550,504 −$188M
GEN, Nortonlifelock 1.48% Exit 0 $25.98 $150M −5,780,000 −$150M

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 Q4. 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