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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 Q2 2024 Q1, filed 13 Aug, long equity only

Download CSV Download Excel All activity
LBTYK, Liberty Global Class C 20.78% Hold 42,311,011 $17.85 $755M — —
WTW, Willis Towers Watson 11.92%, was 11.72% Add +6.2% 1,652,648 $262.14 $433M +96,981 +$5.4M
CRH, CRH PLC 8.72%, was 6.40% Add +56.0% 4,226,602 $74.98 $317M +1,517,059 +$83M
FIS, Fidelity National Information Services 7.28%, was 11.34% Reduce −37.1% 3,509,254 $75.36 $264M −2,069,715 −$149M
CLVT, Clarivate 6.10% Add +27.2% 38,929,635 $5.69 $222M +8,331,233 −$5.8M
GOOG, Alphabet 5.40%, was 12.34% Reduce −63.8% 1,069,588 $183.42 $196M −1,888,064 −$254M
VSAT, Viasat 4.81%, was 7.45% Reduce −8.5% 13,759,364 $12.70 $175M −1,271,474 −$97M
HUM, Humana 4.32% New 420,000 $373.65 $157M +420,000 +$157M
JAZZ, Jazz Pharmaceuticals 3.74%, was 2.75% Add +52.8% 1,274,248 $106.73 $136M +440,552 +$36M
WCC, Wesco International 3.50%, was 0.97% Add +290.3% 803,000 $158.52 $127M +597,276 +$92M
LBTYA, Liberty Global Class A 3.45% Hold 7,194,276 $17.43 $125M — —
SOLV, Solventum 2.65% New 1,820,000 $52.88 $96M +1,820,000 +$96M
WSC, Willscot Mobil Mini Hldng 2.56% New 2,470,000 $37.64 $93M +2,470,000 +$93M
EXP, Eagle Materials 2.05%, was 1.95% Add +30.6% 342,102 $217.46 $74M +80,102 +$3.2M
FTRE, Fortrea 2.02%, was 0.33% Add +933.7% 3,140,360 $23.34 $73M +2,836,563 +$61M
J, Jacobs Solutions 1.90%, was 2.13% Reduce −2.5% 494,218 $139.71 $69M −12,568 −$8.9M
Herbalife 1.47%, was 0.62% Add +128.3% 5,124,526 $10.39 $53M +2,879,603 +$31M
GDS, GDS Holdings 1.09%, was 0.47% Add +63.5% 4,249,952 $9.29 $39M +1,649,952 +$22M
Theravance Biopharma 0.98%, was 1.62% Reduce −36.3% 4,200,021 $8.48 $36M −2,394,105 −$24M
CPRI, Capri 0.91% New 1,000,000 $33.08 $33M +1,000,000 +$33M
Liberty Media 0.65%, was 3.54% Reduce −75.7% 1,058,616 $22.16 $23M −3,292,432 −$106M
VRSN, VeriSign 0.52% New 105,764 $177.80 $19M +105,764 +$19M
Liberty Media 0.37%, was 2.18% Reduce −77.6% 600,194 $22.15 $13M −2,077,462 −$66M

Exits / last held

Gone since 2024 Q1, shown at their last reported size.

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
WBD, Warner Bros. Discovery 0.89% Exit 0 $8.73 $32M −3,713,930 −$32M
OPTU, Altice USA 0.34% Exit 0 $2.61 $12M −4,774,615 −$12M
Soundhound AI 0.15% Exit 0 $4.91 $5.6M −1,130,636 −$5.6M

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 2024 Q1. 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