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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 Q2 2025 Q1, filed 13 Aug, long equity only

Download CSV Download Excel All activity
GOOG, Alphabet 11.31%, was 9.29% Add +26.8% 2,633,988 $177.39 $467M +556,000 +$143M
WCC, Wesco International 9.90%, was 8.91% Add +10.1% 2,207,601 $185.20 $409M +202,000 +$97M
WTW, Willis Towers Watson 9.75%, was 14.75% Reduce −13.9% 1,314,184 $306.50 $403M −211,483 −$113M
CRH, CRH PLC 8.50%, was 6.78% Add +42.0% 3,825,395 $91.80 $351M +1,131,000 +$114M
FIS, Fidelity National Information Services 7.47%, was 7.46% Add +8.5% 3,789,711 $81.41 $309M +296,764 +$48M
DG, Dollar General 7.39%, was 5.29% Add +26.7% 2,666,876 $114.38 $305M +562,000 +$120M
QSR, Restaurant Brands International 6.50% Add +4.2% 4,049,562 $66.29 $268M +163,000 +$9.4M
LBTYK, Liberty Global Class C 6.16% Hold 24,657,803 $10.31 $254M — —
FERG, Ferguson 5.97% Hold 1,132,000 $217.75 $246M — —
ELV, Elevance Health 5.80%, was 3.06% Add +150.4% 616,000 $388.96 $240M +370,000 +$133M
FISV, Fiserv 3.74% New 895,000 $172.41 $154M +895,000 +$154M
EXP, Eagle Materials 3.31%, was 5.77% Reduce −25.7% 676,257 $202.11 $137M −233,376 −$65M
VSAT, Viasat 3.25% Reduce −9.8% 9,190,728 $14.60 $134M −1,000,000 +$28M
GDS, GDS Holdings 2.41%, was 3.08% Reduce −23.5% 3,249,952 $30.57 $99M −1,000,000 −$8.3M
LBRDA, Liberty Broadband Series C 1.78%, was 0.42% Add +337.0% 745,610 $98.38 $73M +575,000 +$59M
Herbalife 1.62% Add +2.1% 7,759,844 $8.62 $67M +159,318 +$1.3M
ICLR, Icon 1.43% Hold 405,000 $145.45 $59M — —
LBTYA, Liberty Global Class A 1.23% Hold 5,076,762 $10.01 $51M — —
AMCR, Amcor 1.22% New 5,500,000 $9.19 $51M +5,500,000 +$51M
Pagseguro Digital 0.58% New 2,500,000 $9.64 $24M +2,500,000 +$24M
Tamboran Resources 0.29% Hold 570,833 $21.32 $12M — —
LBRDA, Liberty Broadband Series A 0.02% Hold 7,560 $97.88 $740K — —

Exits / last held

Gone since 2025 Q1, shown at their last reported size.

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
SOLV, Solventum 2.29% Exit 0 $76.04 $80M −1,053,240 −$80M
CLVT, Clarivate 1.21% Exit 0 $3.93 $42M −10,777,863 −$42M
SGI, Somnigroup International 1.20% Exit 0 $59.88 $42M −703,349 −$42M

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 2025 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