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

2023 Q1 2022 Q4, filed 12 May, long equity only

Download CSV Download Excel All activity
LBTYA, Liberty Global Class C 16.56% Hold 47,504,310 $20.38 $968M — —
GOOG, Alphabet 10.41%, was 5.78% Add +46.5% 5,851,780 $104.00 $609M +1,857,500 +$254M
VSAT, Viasat 9.43% Hold 16,288,959 $33.84 $551M — —
QRVO, Qorvo 8.08%, was 8.47% Reduce −18.9% 4,649,504 $101.57 $472M −1,082,153 −$47M
Veritiv 7.68% Hold 3,324,324 $135.14 $449M — —
Liberty Media 7.11% Add +8.8% 14,851,048 $27.99 $416M +1,200,000 −$118M
WBD, Warner Bros. Discovery 6.52% Reduce −18.6% 25,235,094 $15.10 $381M −5,764,906 +$87M
FIS, Fidelity National Information Services 4.50%, was 2.38% Add +124.7% 4,841,549 $54.33 $263M +2,686,549 +$117M
Liberty Media 3.93% Add +6.5% 8,177,656 $28.09 $230M +500,000 −$72M
Garrett Motion 3.87% Hold 25,480,292 $8.89 $227M — —
EDU 3.58% Reduce −6.5% 5,418,784 $38.61 $209M −375,144 +$7.5M
WTW, Willis Towers Watson 3.41%, was 5.11% Reduce −33.0% 858,667 $232.38 $200M −422,241 −$114M
SSNC, SS&C Technologies 3.16%, was 3.20% Reduce −13.2% 3,274,430 $56.47 $185M −498,319 −$12M
LBTYA, Liberty Global Class A 2.40% Hold 7,194,276 $19.50 $140M — —
Theravance Biopharma 1.93%, was 2.09% Reduce −8.8% 10,419,226 $10.85 $113M −1,000,000 −$15M
SWKS, Skyworks Solutions 1.42% New 703,865 $117.98 $83M +703,865 +$83M
JAZZ, Jazz Pharmaceuticals 1.20% New 478,696 $146.33 $70M +478,696 +$70M
FISV, Fiserv 1.03%, was 3.30% Reduce −73.4% 533,382 $113.03 $60M −1,469,009 −$142M
GTN, Gray Television 0.56% Add +7.1% 3,760,000 $8.72 $33M +250,000 −$6.5M
Herbalife Nutrition 0.54% Reduce −2.3% 1,954,200 $16.10 $31M −45,800 +$1.7M
GTX, Garrett Motion 0.47% Hold 3,575,000 $7.66 $27M — —
Atara Biotherapeutics 0.45%, was 0.43% Add +12.3% 9,123,616 $2.90 $26M +1,000,000 −$187K
Advantage Solutions 0.29% Hold 11,001,624 $1.55 $17M — —
OPTU, Altice USA 0.28% Add +23.1% 4,774,615 $3.42 $16M +894,415 −$1.5M
LAD, Lithia Motors 0.25%, was 0.83% Reduce −74.0% 65,043 $228.93 $15M −184,957 −$36M
DBRG, Digitalbridge Group 0.25%, was 0.57% Reduce −61.5% 1,233,914 $11.99 $15M −1,967,799 −$20M
STX, Seagate Technology 0.15% New 136,077 $66.12 $9M +136,077 +$9M
Trilogy Metals 0.04%, was 0.07% Reduce −46.5% 4,271,542 $0.5331 $2.3M −3,718,939 −$2.1M
Finch Therapeutics Group 0.01% Add +98.1% 2,019,008 $0.3928 $793K +1,000,000 +$304K

Exits / last held

Gone since 2022 Q4, shown at their last reported size.

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
META, Meta Platforms 3.39% Exit 0 $120.34 $208M −1,727,851 −$208M
MU, Micron Technology 2.68% Exit 0 $49.98 $164M −3,285,974 −$164M
AMZN, Amazon 1.36% Exit 0 $84.00 $83M −990,000 −$83M
NUVB, Nuvation Bio 0.15% Exit 0 $1.92 $9.2M −4,808,194 −$9.2M
Outbrain 0.01% Exit 0 $3.62 $555K −153,231 −$555K

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 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