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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

2025 Q1 2024 Q4, filed 14 May, long equity only

Download CSV Download Excel All activity
WTW, Willis Towers Watson 14.75%, was 16.75% Reduce −16.9% 1,525,667 $337.95 $516M −311,081 −$60M
GOOG, Alphabet 9.29%, was 7.91% Add +45.7% 2,077,988 $156.23 $325M +652,000 +$53M
WCC, Wesco International 8.91%, was 7.56% Add +39.7% 2,005,601 $155.30 $311M +569,930 +$52M
LBTYK, Liberty Global Class C 8.44%, was 15.09% Reduce −37.5% 24,657,803 $11.97 $295M −14,796,040 −$223M
FIS, Fidelity National Information Services 7.46% New 3,492,947 $74.68 $261M +3,492,947 +$261M
QSR, Restaurant Brands International 7.41%, was 5.51% Add +33.9% 3,886,562 $66.64 $259M +984,862 +$70M
CRH, CRH PLC 6.78% Add +2.0% 2,694,395 $87.97 $237M +52,993 −$7.4M
EXP, Eagle Materials 5.77%, was 4.59% Add +42.5% 909,633 $221.93 $202M +271,410 +$44M
DG, Dollar General 5.29%, was 4.55% Add +2.1% 2,104,876 $87.93 $185M +44,076 +$29M
FERG, Ferguson 5.19% Hold 1,132,000 $160.23 $181M — —
GDS, GDS Holdings 3.08% Hold 4,249,952 $25.33 $108M — —
ELV, Elevance Health 3.06% New 246,000 $434.96 $107M +246,000 +$107M
VSAT, Viasat 3.04% Reduce −16.6% 10,190,728 $10.42 $106M −2,031,862 +$2.2M
SOLV, Solventum 2.29%, was 2.78% Reduce −27.2% 1,053,240 $76.04 $80M −393,060 −$15M
ICLR, Icon 2.03% New 405,000 $174.99 $71M +405,000 +$71M
Herbalife 1.88% Hold 7,600,526 $8.63 $66M — —
LBTYA, Liberty Global Class A 1.67%, was 1.93% Reduce −2.4% 5,076,762 $11.51 $58M −124,682 −$7.9M
CLVT, Clarivate 1.21%, was 5.37% Reduce −70.3% 10,777,863 $3.93 $42M −25,501,342 −$142M
SGI, Somnigroup International 1.20% New 703,349 $59.88 $42M +703,349 +$42M
LBRDA, Liberty Broadband Series C 0.42% Hold 170,610 $85.05 $15M — —
Tamboran Resources 0.39% Hold 570,833 $23.99 $14M — —
LBRDA, Liberty Broadband Series A 0.02% Hold 7,560 $85.05 $643K — —

Exits / last held

Gone since 2024 Q4, shown at their last reported size.

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
Sunrise Communications 2.93% Exit 0 $43.08 $101M −2,335,263 −$101M
HUM, Humana 2.56% Exit 0 $253.71 $88M −346,000 −$88M
GPC, Genuine Parts 1.07% Exit 0 $116.76 $37M −315,337 −$37M

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 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