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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

2022 Q3 2022 Q2, filed 14 Nov, long equity only

Download CSV Download Excel All activity
LBTYA, Liberty Global Class C 13.63%, was 15.80% Reduce −1.2% 47,850,310 $16.50 $790M −569,495 −$280M
QRVO, Qorvo 9.29%, was 9.71% Reduce −2.7% 6,775,916 $79.41 $538M −191,120 −$119M
Liberty Media 8.97%, was 7.06% Add +4.0% 13,778,048 $37.71 $520M +532,406 +$42M
VSAT, Viasat 8.50% Hold 16,288,959 $30.23 $492M — —
Veritiv 5.80% Reduce −3.6% 3,436,660 $97.77 $336M −127,779 −$51M
WBD, Warner Bros. Discovery 5.76%, was 3.57% Add +61.1% 29,000,000 $11.50 $334M +11,000,000 +$92M
FISV, Fiserv 5.71% Hold 3,532,391 $93.57 $331M — —
Liberty Media 5.05%, was 3.90% Add +4.8% 7,677,656 $38.07 $292M +352,802 +$28M
WTW, Willis Towers Watson 4.46%, was 2.70% Add +38.7% 1,285,428 $200.94 $258M +358,462 +$75M
EDU 3.18% Reduce −3.9% 7,685,706 $23.97 $184M −314,294 +$21M
Garrett Motion 3.13% Hold 25,480,292 $7.11 $181M — —
SSNC, SS&C Technologies 3.11%, was 2.54% Add +27.3% 3,772,749 $47.75 $180M +810,000 +$8.1M
MU, Micron Technology 2.84%, was 2.23% Add +20.1% 3,285,974 $50.10 $165M +550,000 +$13M
DBX, Dropbox 2.80% Hold 7,819,924 $20.72 $162M — —
Theravance Biopharma 2.35% Hold 13,419,226 $10.14 $136M — —
EHC, Encompass Health 2.30% Hold 2,950,000 $45.23 $133M — —
GOOG, Alphabet 2.28% Add +715.3% 1,376,280 $96.15 $132M +1,207,466 −$237M
LBTYA, Liberty Global Class A 1.94% Hold 7,194,276 $15.59 $112M — —
META, Meta Platforms 1.61% Hold 688,851 $135.68 $93M — —
LAD, Lithia Motors 0.93% New 250,000 $214.55 $54M +250,000 +$54M
Archaea Energy 0.88% Hold 2,930,297 $17.49 $51M — —
GTN, Gray Television 0.81%, was 0.56% Add +44.2% 3,260,000 $14.32 $47M +1,000,000 +$8.5M
FIS, Fidelity National Information Services 0.80% New 615,000 $75.57 $46M +615,000 +$46M
DBRG, Digitalbridge Group 0.71% New 3,289,713 $12.51 $41M +3,289,713 +$41M
Liberty Media Acquisition 0.54% Hold 3,156,598 $9.94 $31M — —
Atara Biotherapeutics 0.53% Hold 8,123,616 $3.78 $31M — —
AMZN, Amazon 0.48%, was 0.94% Reduce −58.5% 248,000 $113.00 $28M −350,000 −$35M
Advantage Solutions 0.43% Hold 11,841,327 $2.08 $25M — —
NUVB, Nuvation Bio 0.40% Hold 10,418,194 $2.24 $23M — —
GTX, Garrett Motion 0.35% Hold 3,575,000 $5.65 $20M — —
Enhabit 0.11% New 437,287 $14.04 $6.1M +437,287 +$6.1M
Trilogy Metals 0.10%, was 0.12% Reduce −5.9% 9,892,451 $0.6068 $6M −622,115 −$2M
CGEM, Cullinan Oncology 0.10%, was 0.29% Reduce −72.0% 429,646 $12.82 $5.5M −1,105,914 −$14M
Outbrain 0.05% Hold 792,000 $3.65 $2.9M — —
Finch Therapeutics Group 0.03% Hold 1,123,108 $1.67 $1.9M — —

Exits / last held

Gone since 2022 Q2, shown at their last reported size.

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
INTC, Intel 4.82% Exit 0 $37.41 $326M −8,724,431 −$326M
Digitalbridge Group 0.95% Exit 0 $4.88 $64M −13,158,855 −$64M
Nexstar Media Group 0.67% Exit 0 $162.88 $45M −277,811 −$45M
Grab 0.21% Exit 0 $2.36 $14M −6,105,101 −$14M
Ironsource 0.21% Exit 0 $2.38 $14M −5,854,496 −$14M
BRBR, Bellring Brands 0.18% Exit 0 $24.89 $12M −479,583 −$12M
Verint Systems 0.12% Exit 0 $42.35 $8.5M −199,531 −$8.5M
NE, Noble 0.02% Exit 0 $25.35 $1.7M −66,719 −$1.7M

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 Q2. 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