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 Q4 2023 Q3, filed 13 Feb, long equity only

Download CSV Download Excel All activity
LBTYK, Liberty Global Class C 17.20% New 42,311,011 $18.64 $789M +42,311,011 +$789M
VSAT, Viasat 9.86% Hold 16,174,839 $27.95 $452M — —
Liberty Media 9.32% Hold 14,851,048 $28.78 $427M — —
GOOG, Alphabet 9.07%, was 9.69% Reduce −23.0% 2,949,538 $140.93 $416M −882,000 −$90M
FIS, Fidelity National Information Services 8.33% Reduce −8.6% 6,360,719 $60.07 $382M −599,500 −$2.6M
WTW, Willis Towers Watson 8.18% Hold 1,555,667 $241.20 $375M — —
WBD, Warner Bros. Discovery 6.26% Hold 25,235,094 $11.38 $287M — —
CLVT, Clarivate 5.15%, was 2.90% Add +13.3% 25,500,000 $9.26 $236M +3,000,000 +$85M
Liberty Media 5.13% Hold 8,177,656 $28.74 $235M — —
CRH, CRH PLC 5.05% Hold 3,345,543 $69.16 $231M — —
LBTYA, Liberty Global Class A 2.79% New 7,194,276 $17.77 $128M +7,194,276 +$128M
JAZZ, Jazz Pharmaceuticals 2.24%, was 1.67% Add +23.7% 833,696 $123.00 $103M +160,000 +$15M
J, Jacobs Solutions 2.06%, was 1.28% Add +49.2% 727,786 $129.80 $94M +240,000 +$28M
Theravance Biopharma 1.82% Hold 7,419,226 $11.24 $83M — —
TSEM, Tower Semiconductor 1.80% Reduce −4.9% 2,710,852 $30.52 $83M −139,148 +$13M
Liberty Media 1.51% Reduce −4.0% 1,899,547 $36.55 $69M −79,620 +$6.3M
SSNC, SS&C Technologies 1.37%, was 2.32% Reduce −55.3% 1,028,545 $61.11 $63M −1,270,091 −$58M
GTN, Gray Television 0.73% Hold 3,760,000 $8.96 $34M — —
GTX, Garrett Motion 0.63%, was 0.90% Reduce −50.0% 2,994,289 $9.67 $29M −2,993,000 −$18M
Liberty Media 0.59%, was 1.17% Reduce −62.2% 718,270 $37.39 $27M −1,184,202 −$34M
Herbalife 0.56% Reduce −0.8% 1,679,799 $15.26 $26M −13,546 +$1.9M
OPTU, Altice USA 0.34% Hold 4,774,615 $3.25 $16M — —
Finch Therapeutics Group 0.01% Hold 67,296 $3.61 $243K — —

Exits / last held

Gone since 2023 Q3, shown at their last reported size.

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
LBTYA, Liberty Global Class C 15.06% Exit 0 $18.56 $785M −42,311,011 −$785M
Veritiv 10.77% Exit 0 $168.90 $561M −3,324,324 −$561M
LBTYA, Liberty Global Class A 2.36% Exit 0 $17.12 $123M −7,194,276 −$123M
DG, Dollar General 1.88% Exit 0 $105.80 $98M −927,000 −$98M
QRVO, Qorvo 1.71% Exit 0 $95.47 $89M −935,612 −$89M
EDU 1.15% Exit 0 $58.55 $60M −1,023,272 −$60M
STX, Seagate Technology 0.76% Exit 0 $65.95 $40M −600,000 −$40M
Advantage Solutions 0.34% Exit 0 $2.84 $17M −6,153,982 −$17M
Atara Biotherapeutics 0.28% Exit 0 $1.48 $14M −9,773,616 −$14M
Trilogy Metals 0.02% Exit 0 $0.4898 $1.1M −2,329,285 −$1.1M

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 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