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 Q4 2022 Q3, filed 13 Feb, long equity only

Download CSV Download Excel All activity
LBTYA, Liberty Global Class C 15.05% Reduce −0.7% 47,504,310 $19.43 $923M −346,000 +$133M
Liberty Media 8.71%, was 8.97% Reduce −0.9% 13,651,048 $39.13 $534M −127,000 +$15M
QRVO, Qorvo 8.47%, was 9.29% Reduce −15.4% 5,731,657 $90.64 $520M −1,044,259 −$19M
VSAT, Viasat 8.41% Hold 16,288,959 $31.65 $516M — —
Veritiv 6.60% Reduce −3.3% 3,324,324 $121.71 $405M −112,336 +$69M
GOOG, Alphabet 5.78%, was 2.28% Add +190.2% 3,994,280 $88.73 $354M +2,618,000 +$222M
WTW, Willis Towers Watson 5.11% Reduce −0.4% 1,280,908 $244.58 $313M −4,520 +$55M
Liberty Media 4.92% Hold 7,677,656 $39.31 $302M — —
WBD, Warner Bros. Discovery 4.79% Add +6.9% 31,000,000 $9.48 $294M +2,000,000 −$40M
Garrett Motion 3.62% Hold 25,480,292 $8.70 $222M — —
META, Meta Platforms 3.39%, was 1.61% Add +150.8% 1,727,851 $120.34 $208M +1,039,000 +$114M
FISV, Fiserv 3.30%, was 5.71% Reduce −43.3% 2,002,391 $101.07 $202M −1,530,000 −$128M
EDU 3.29% Reduce −24.6% 5,793,928 $34.82 $202M −1,891,778 +$18M
SSNC, SS&C Technologies 3.20% Hold 3,772,749 $52.06 $196M — —
MU, Micron Technology 2.68% Hold 3,285,974 $49.98 $164M — —
FIS, Fidelity National Information Services 2.38%, was 0.80% Add +250.4% 2,155,000 $67.85 $146M +1,540,000 +$100M
LBTYA, Liberty Global Class A 2.22% Hold 7,194,276 $18.93 $136M — —
Theravance Biopharma 2.09%, was 2.35% Reduce −14.9% 11,419,226 $11.22 $128M −2,000,000 −$7.9M
AMZN, Amazon 1.36%, was 0.48% Add +299.2% 990,000 $84.00 $83M +742,000 +$55M
LAD, Lithia Motors 0.83% Hold 250,000 $204.74 $51M — —
GTN, Gray Television 0.64% Add +7.7% 3,510,000 $11.19 $39M +250,000 −$7.4M
DBRG, Digitalbridge Group 0.57%, was 0.71% Reduce −2.7% 3,201,713 $10.94 $35M −88,000 −$6.1M
Herbalife Nutrition 0.49% New 2,000,000 $14.88 $30M +2,000,000 +$30M
GTX, Garrett Motion 0.44% Hold 3,575,000 $7.62 $27M — —
Atara Biotherapeutics 0.43% Hold 8,123,616 $3.28 $27M — —
Advantage Solutions 0.37%, was 0.43% Reduce −7.1% 11,001,624 $2.04 $22M −839,703 −$2.2M
OPTU, Altice USA 0.29% New 3,880,200 $4.60 $18M +3,880,200 +$18M
NUVB, Nuvation Bio 0.15%, was 0.40% Reduce −53.8% 4,808,194 $1.92 $9.2M −5,610,000 −$14M
Trilogy Metals 0.07%, was 0.10% Reduce −19.2% 7,990,481 $0.5500 $4.4M −1,901,970 −$1.6M
Outbrain 0.01%, was 0.05% Reduce −80.7% 153,231 $3.62 $555K −638,769 −$2.3M
Finch Therapeutics Group 0.01%, was 0.03% Reduce −9.3% 1,019,008 $0.4799 $489K −104,100 −$1.4M

Exits / last held

Gone since 2022 Q3, shown at their last reported size.

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
DBX, Dropbox 2.80% Exit 0 $20.72 $162M −7,819,924 −$162M
EHC, Encompass Health 2.30% Exit 0 $45.23 $133M −2,950,000 −$133M
Archaea Energy 0.88% Exit 0 $17.49 $51M −2,930,297 −$51M
Liberty Media Acquisition 0.54% Exit 0 $9.94 $31M −3,156,598 −$31M
Enhabit 0.11% Exit 0 $14.04 $6.1M −437,287 −$6.1M
CGEM, Cullinan Oncology 0.10% Exit 0 $12.82 $5.5M −429,646 −$5.5M

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 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