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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

2023 Q3 2023 Q2, filed 13 Nov, long equity only

Download CSV Download Excel All activity
LBTYA, Liberty Global Class C 15.06% Reduce −6.0% 42,311,011 $18.56 $785M −2,693,299 −$14M
Veritiv 10.77% Hold 3,324,324 $168.90 $561M — —
GOOG, Alphabet 9.69% Reduce −7.0% 3,831,538 $131.85 $505M −288,242 +$6.8M
FIS, Fidelity National Information Services 7.38%, was 6.60% Add +2.7% 6,960,219 $55.27 $385M +185,219 +$14M
Liberty Media 7.25% New 14,851,048 $25.46 $378M +14,851,048 +$378M
WTW, Willis Towers Watson 6.23%, was 3.78% Add +72.4% 1,555,667 $208.96 $325M +653,300 +$113M
VSAT, Viasat 5.73%, was 11.97% Reduce −0.7% 16,174,839 $18.46 $299M −114,120 −$373M
WBD, Warner Bros. Discovery 5.26% Hold 25,235,094 $10.86 $274M — —
Liberty Media 3.99% New 8,177,656 $25.45 $208M +8,177,656 +$208M
CRH, CRH PLC 3.51% New 3,345,543 $54.73 $183M +3,345,543 +$183M
CLVT, Clarivate 2.90% New 22,500,000 $6.71 $151M +22,500,000 +$151M
LBTYA, Liberty Global Class A 2.36% Hold 7,194,276 $17.12 $123M — —
SSNC, SS&C Technologies 2.32%, was 4.02% Reduce −38.2% 2,298,636 $52.54 $121M −1,421,794 −$105M
DG, Dollar General 1.88%, was 0.73% Add +283.1% 927,000 $105.80 $98M +685,000 +$57M
QRVO, Qorvo 1.71%, was 4.76% Reduce −64.3% 935,612 $95.47 $89M −1,682,091 −$178M
JAZZ, Jazz Pharmaceuticals 1.67% Hold 673,696 $129.44 $87M — —
TSEM, Tower Semiconductor 1.34% New 2,850,000 $24.56 $70M +2,850,000 +$70M
J, Jacobs Solutions 1.28% New 487,786 $136.50 $67M +487,786 +$67M
Theravance Biopharma 1.23% Hold 7,419,226 $8.63 $64M — —
Liberty Media 1.21% New 1,979,167 $31.92 $63M +1,979,167 +$63M
Liberty Media 1.17% New 1,902,472 $32.10 $61M +1,902,472 +$61M
EDU 1.15%, was 2.90% Reduce −75.2% 1,023,272 $58.55 $60M −3,095,512 −$103M
GTX, Garrett Motion 0.90%, was 3.51% Reduce −77.0% 5,987,289 $7.88 $47M −20,083,300 −$150M
STX, Seagate Technology 0.76% Hold 600,000 $65.95 $40M — —
GTN, Gray Television 0.50% Hold 3,760,000 $6.92 $26M — —
Herbalife 0.45%, was 0.46% Reduce −13.3% 1,693,345 $13.99 $24M −260,855 −$2.2M
Advantage Solutions 0.34%, was 0.44% Reduce −42.2% 6,153,982 $2.84 $17M −4,497,387 −$7.4M
OPTU, Altice USA 0.30% Hold 4,774,615 $3.27 $16M — —
Atara Biotherapeutics 0.28% Hold 9,773,616 $1.48 $14M — —
Trilogy Metals 0.02%, was 0.04% Reduce −31.6% 2,329,285 $0.4898 $1.1M −1,077,843 −$881K
Finch Therapeutics Group 0.01% Hold 67,296 $5.19 $349K — —

Exits / last held

Gone since 2023 Q2, shown at their last reported size.

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
Liberty Media 8.66% Exit 0 $32.73 $486M −14,851,048 −$486M
Liberty Media 4.78% Exit 0 $32.81 $268M −8,177,656 −$268M
AMZN, Amazon 2.24% Exit 0 $130.36 $126M −963,946 −$126M
UNP, Union Pacific 0.64% Exit 0 $204.62 $36M −175,000 −$36M
CRH, CRH PLC 0.06% Exit 0 $55.73 $3.2M −56,543 −$3.2M

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 2023 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