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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 Q3 2024 Q2, filed 13 Nov, long equity only

Download CSV Download Excel All activity
LBTYK, Liberty Global Class C 26.00% Hold 42,311,011 $21.61 $914M — —
WTW, Willis Towers Watson 14.92%, was 11.92% Add +7.8% 1,781,206 $294.53 $525M +128,558 +$91M
CLVT, Clarivate 7.86% Hold 38,929,635 $7.10 $276M — —
GOOG, Alphabet 6.97%, was 5.40% Add +37.0% 1,465,588 $167.19 $245M +396,000 +$49M
CRH, CRH PLC 6.95%, was 8.72% Reduce −37.6% 2,636,602 $92.74 $245M −1,590,000 −$72M
WCC, Wesco International 6.01%, was 3.50% Add +56.7% 1,258,000 $167.98 $211M +455,000 +$84M
DG, Dollar General 5.54% New 2,303,800 $84.57 $195M +2,303,800 +$195M
LBTYA, Liberty Global Class A 4.32% Hold 7,194,276 $21.11 $152M — —
VSAT, Viasat 4.15%, was 4.81% Reduce −11.2% 12,222,590 $11.94 $146M −1,536,774 −$29M
EXP, Eagle Materials 4.09%, was 2.05% Add +46.2% 500,273 $287.65 $144M +158,171 +$70M
SOLV, Solventum 3.61% Hold 1,820,000 $69.72 $127M — —
GDS, GDS Holdings 2.47% Hold 4,249,952 $20.40 $87M — —
FIS, Fidelity National Information Services 2.31%, was 7.28% Reduce −72.3% 971,460 $83.75 $81M −2,537,794 −$183M
J, Jacobs Solutions 1.31%, was 1.90% Reduce −29.0% 350,681 $130.90 $46M −143,537 −$23M
FTRE, Fortrea 1.30%, was 2.02% Reduce −27.0% 2,293,167 $20.00 $46M −847,193 −$27M
Herbalife 1.05% Hold 5,124,526 $7.19 $37M — —
LBRDA, Liberty Broadband Series C 0.37% New 170,610 $77.29 $13M +170,610 +$13M
Tamboran Resources 0.33% New 570,833 $20.32 $12M +570,833 +$12M
QSR, Restaurant Brands International 0.06% New 28,294 $72.14 $2M +28,294 +$2M
LBRDA, Liberty Broadband Series A 0.02% New 7,560 $76.85 $581K +7,560 +$581K

Exits / last held

Gone since 2024 Q2, shown at their last reported size.

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
HUM, Humana 4.32% Exit 0 $373.65 $157M −420,000 −$157M
JAZZ, Jazz Pharmaceuticals 3.74% Exit 0 $106.73 $136M −1,274,248 −$136M
WSC, Willscot Mobil Mini Hldng 2.56% Exit 0 $37.64 $93M −2,470,000 −$93M
Theravance Biopharma 0.98% Exit 0 $8.48 $36M −4,200,021 −$36M
CPRI, Capri 0.91% Exit 0 $33.08 $33M −1,000,000 −$33M
Liberty Media 0.65% Exit 0 $22.16 $23M −1,058,616 −$23M
VRSN, VeriSign 0.52% Exit 0 $177.80 $19M −105,764 −$19M
Liberty Media 0.37% Exit 0 $22.15 $13M −600,194 −$13M

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 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