Smart Money · Value investors
Seth Klarman
Baupost Group
01
13F holdings
BAUPOST GROUP LLC/MA · period 2026-06-30 (filed 2026-08-13)
13F portfolio value$5.4B23 positions
Top-10 weight74.9%Concentration
New / added3 / 6vs 2026-03-31
Trimmed / sold out9 / 2vs 2026-03-31
Top 23 positions
| Ticker | Name | Value | Weight | Change | Share change |
|---|---|---|---|---|---|
| AMZN | AMAZON COM INC | $892M | 16.5% | Added | +20.0% |
| ELV | ELEVANCE HEALTH INC FORMERLY | $493M | 9.1% | Held | – |
| QSR | RESTAURANT BRANDS INTL INC | $490M | 9.0% | Trimmed | -16.4% |
| GOOG | ALPHABET INC | $485M | 9.0% | Added | +16.2% |
| FERG | FERGUSON ENTERPRISES INC | $344M | 6.4% | Added | +0.6% |
| GPC | GENUINE PARTS CO | $332M | 6.1% | Added | +89.0% |
| UNP | UNION PAC CORP | $322M | 6.0% | Trimmed | -23.1% |
| V | VISA INC | $241M | 4.4% | Held | – |
| WCC | WESCO INTL INC | $229M | 4.2% | Trimmed | -53.9% |
| AON | AON PLC | $228M | 4.2% | Trimmed | -10.7% |
| TFX | TELEFLEX INCORPORATED | $179M | 3.3% | Trimmed | -11.7% |
| NCLH | NORWEGIAN CRUISE LINE HLDGS | $163M | 3.0% | Added | +112.9% |
| MOH | MOLINA HEALTHCARE INC | $145M | 2.7% | Held | – |
| CME | CME GROUP INC | $137M | 2.5% | New | – |
| HLF | HERBALIFE LTD | $122M | 2.2% | Held | – |
| EXP | EAGLE MATLS INC | $119M | 2.2% | Trimmed | -40.5% |
| GDS | GDS HLDGS LTD | $113M | 2.1% | Added | +23.8% |
| COLD | AMERICOLD REALTY TRUST INC | $107M | 2.0% | Trimmed | -12.2% |
| LBTYK | LIBERTY GLOBAL LTD | $94M | 1.7% | Trimmed | -36.2% |
| AERO | GRUPO AEROMEXICO SAB DE CV | $88M | 1.6% | Held | – |
| AXTA | AXALTA COATING SYS LTD | $44M | 0.8% | New | – |
| DNOW | DNOW INC | $36M | 0.7% | Trimmed | -23.1% |
| PS | PERSHING SQUARE INC | $13M | 0.2% | New | – |
New this quarter (by value)
Sold out this quarter (by prior value)
13F covers US long positions only (options at notional value). No shorts, cash or foreign assets; filed within 45 days of quarter end.
Original filings: 13F-HR（2026-08-13）