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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

2024 Q1 2023 Q4, filed 14 May, long equity only

Download CSV Download Excel All activity
LBTYK, Liberty Global Class C 20.44% Hold 42,311,011 $17.64 $746M — —
GOOG, Alphabet 12.34%, was 9.07% Add +0.3% 2,957,652 $152.26 $450M +8,114 +$35M
WTW, Willis Towers Watson 11.72% Hold 1,555,667 $275.00 $428M — —
FIS, Fidelity National Information Services 11.34% Reduce −12.3% 5,578,969 $74.18 $414M −781,750 +$32M
VSAT, Viasat 7.45%, was 9.86% Reduce −7.1% 15,030,838 $18.09 $272M −1,144,001 −$180M
CRH, CRH PLC 6.40% Reduce −19.0% 2,709,543 $86.26 $234M −636,000 +$2.3M
CLVT, Clarivate 6.23%, was 5.15% Add +20.0% 30,598,402 $7.43 $227M +5,098,402 −$8.8M
Liberty Media 3.54%, was 9.32% Reduce −70.7% 4,351,048 $29.71 $129M −10,500,000 −$298M
LBTYA, Liberty Global Class A 3.33% Hold 7,194,276 $16.92 $122M — —
JAZZ, Jazz Pharmaceuticals 2.75% Hold 833,696 $120.42 $100M — —
Liberty Media 2.18%, was 5.13% Reduce −67.3% 2,677,656 $29.70 $80M −5,500,000 −$156M
J, Jacobs Solutions 2.13% Reduce −30.4% 506,786 $153.73 $78M −221,000 −$17M
EXP, Eagle Materials 1.95% New 262,000 $271.75 $71M +262,000 +$71M
Theravance Biopharma 1.62%, was 1.82% Reduce −11.1% 6,594,126 $8.97 $59M −825,100 −$24M
WCC, Wesco International 0.97% New 205,724 $171.28 $35M +205,724 +$35M
WBD, Warner Bros. Discovery 0.89%, was 6.26% Reduce −85.3% 3,713,930 $8.73 $32M −21,521,164 −$255M
Herbalife 0.62%, was 0.56% Add +33.6% 2,244,923 $10.05 $23M +565,124 −$3.1M
GDS, GDS Holdings 0.47% New 2,600,000 $6.65 $17M +2,600,000 +$17M
OPTU, Altice USA 0.34% Hold 4,774,615 $2.61 $12M — —
FTRE, Fortrea 0.33% New 303,797 $40.14 $12M +303,797 +$12M
Soundhound AI 0.15% New 1,130,636 $4.91 $5.6M +1,130,636 +$5.6M

Exits / last held

Gone since 2023 Q4, shown at their last reported size.

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
TSEM, Tower Semiconductor 1.80% Exit 0 $30.52 $83M −2,710,852 −$83M
Liberty Media 1.51% Exit 0 $36.55 $69M −1,899,547 −$69M
SSNC, SS&C Technologies 1.37% Exit 0 $61.11 $63M −1,028,545 −$63M
GTN, Gray Television 0.73% Exit 0 $8.96 $34M −3,760,000 −$34M
GTX, Garrett Motion 0.63% Exit 0 $9.67 $29M −2,994,289 −$29M
Liberty Media 0.59% Exit 0 $37.39 $27M −718,270 −$27M
Finch Therapeutics Group 0.01% Exit 0 $3.61 $243K −67,296 −$243K

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 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