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 Q2 2022 Q1, filed 12 Aug, long equity only

Download CSV Download Excel All activity
LBTYA, Liberty Global Class C 15.80% Reduce −10.3% 48,419,805 $22.09 $1.1B −5,551,502 −$329M
QRVO, Qorvo 9.71%, was 8.87% Add +4.8% 6,967,036 $94.32 $657M +321,324 −$168M
VSAT, Viasat 7.37% Hold 16,288,959 $30.63 $499M — —
Liberty Media 7.06%, was 5.49% Add +18.7% 13,245,642 $36.05 $478M +2,084,053 −$33M
Veritiv 5.72% Hold 3,564,439 $108.55 $387M — —
GOOG, Alphabet 5.46%, was 7.32% Reduce −30.8% 168,814 $2,187 $369M −75,076 −$312M
INTC, Intel 4.82%, was 8.84% Reduce −47.4% 8,724,431 $37.41 $326M −7,868,000 −$496M
FISV, Fiserv 4.64% Reduce −11.4% 3,532,391 $88.97 $314M −456,000 −$90M
Liberty Media 3.90%, was 2.76% Add +30.3% 7,324,854 $36.04 $264M +1,704,918 +$7.1M
WBD, Warner Bros. Discovery 3.57% New 18,000,000 $13.42 $242M +18,000,000 +$242M
Garrett Motion 3.09% Hold 25,480,292 $8.22 $209M — —
WTW, Willis Towers Watson 2.70%, was 3.13% Reduce −24.7% 926,966 $197.39 $183M −304,000 −$108M
SSNC, SS&C Technologies 2.54%, was 3.04% Reduce −21.4% 2,962,749 $58.07 $172M −804,700 −$111M
EHC, Encompass Health 2.44% Reduce −1.7% 2,950,000 $56.05 $165M −50,000 −$48M
DBX, Dropbox 2.43%, was 2.64% Reduce −26.0% 7,819,924 $20.99 $164M −2,751,122 −$82M
EDU 2.41% New 8,000,000 $20.36 $163M +8,000,000 +$163M
LBTYA, Liberty Global Class A 2.24% Reduce −6.0% 7,194,276 $21.05 $151M −462,929 −$44M
MU, Micron Technology 2.23%, was 2.61% Reduce −12.1% 2,735,974 $55.28 $151M −375,000 −$91M
Theravance Biopharma 1.80% Reduce −1.6% 13,419,226 $9.06 $122M −224,107 −$8.9M
META, Meta Platforms 1.64%, was 2.32% Reduce −29.0% 688,851 $161.25 $111M −281,060 −$105M
Digitalbridge Group 0.95%, was 1.42% Reduce −28.4% 13,158,855 $4.88 $64M −5,207,504 −$68M
AMZN, Amazon 0.94% New 598,000 $106.21 $64M +598,000 +$64M
Atara Biotherapeutics 0.94% Hold 8,123,616 $7.79 $63M — —
Nexstar Media Group 0.67%, was 2.33% Reduce −75.8% 277,811 $162.88 $45M −869,881 −$171M
Advantage Solutions 0.64%, was 0.80% Reduce −1.6% 11,841,327 $3.69 $44M −198,625 −$31M
Archaea Energy 0.64%, was 0.70% Reduce −6.1% 2,930,297 $14.89 $44M −191,206 −$22M
GTN, Gray Television 0.56%, was 0.31% Add +75.1% 2,260,000 $16.89 $38M +969,084 +$9.7M
NUVB, Nuvation Bio 0.50%, was 0.59% Reduce −0.2% 10,418,194 $3.24 $34M −25,300 −$21M
Liberty Media Acquisition 0.46% Hold 3,156,598 $9.84 $31M — —
GTX, Garrett Motion 0.41% Hold 3,575,000 $7.73 $28M — —
CGEM, Cullinan Oncology 0.29% Hold 1,535,560 $12.82 $20M — —
Grab 0.21% Hold 6,105,101 $2.36 $14M — —
Ironsource 0.21%, was 0.41% Reduce −26.2% 5,854,496 $2.38 $14M −2,082,492 −$24M
BRBR, Bellring Brands 0.18% Hold 479,583 $24.89 $12M — —
Verint Systems 0.12%, was 1.23% Reduce −91.0% 199,531 $42.35 $8.5M −2,008,045 −$106M
Trilogy Metals 0.12%, was 0.13% Reduce −5.5% 10,514,566 $0.7566 $8M −611,000 −$3.7M
Outbrain 0.06% Hold 792,000 $5.03 $4M — —
Finch Therapeutics Group 0.05% Hold 1,123,108 $2.84 $3.2M — —
NE, Noble 0.02%, was 0.04% Reduce −36.4% 66,719 $25.35 $1.7M −38,209 −$1.8M

Exits / last held

Gone since 2022 Q1, shown at their last reported size.

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
Avanti Acquisition 0.42% Exit 0 $9.86 $39M −4,000,000 −$39M
Holding 0.28% Exit 0 $69.26 $26M −378,284 −$26M
Altimeter Growth Corporation 2 0.26% Exit 0 $9.82 $24M −2,473,180 −$24M
Holding 0.21% Exit 0 $9.80 $19M −1,964,288 −$19M
JOBY, Joby Aviation 0.14% Exit 0 $6.62 $13M −1,967,244 −$13M
SVF Investment 0.10% Exit 0 $9.80 $9.7M −989,267 −$9.7M

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 2022 Q1. 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