Baupost Group LLC
Led by Seth Klarman · Portfolio as of Q2 2026
Top Holdings23 positions
 Amazon.com, Inc. | 3.7M | $892.3M | 16.5% | $226.07 | +18.30% | 3 qtrssince 2025-Q4 | Increased 74 |
 Elevance Health, Inc. | 1.3M | $493.1M | 9.1% | $353.73 | +21.53% | 6 qtrssince 2025-Q1 | Unchanged 0 |
 Restaurant Brands International Inc. | 6.8M | $489.6M | 9.0% | $61.82 | +22.09% | 8 qtrssince 2024-Q3 | Decreased 0 |
 Alphabet Inc. | 1.4M | $484.7M | 9.0% | $177.51 | +66.38% | 26 qtrssince 2020-Q1 | Increased 71 |
 Ferguson Enterprises Inc. | 1.5M | $344.3M | 6.4% | $183.21 | +39.13% | 7 qtrssince 2024-Q4 | Increased 61 |
 Genuine Parts Company | 2.8M | $332.3M | 6.1% | $125.39 | -2.04% | 4 qtrssince 2025-Q3 | Increased 95 |
 Union Pacific Corporation | 1.2M | $322.4M | 6.0% | $231.20 | +30.03% | 4 qtrssince 2025-Q3 | Decreased 0 |
 Visa Inc. | 701,355 | $240.6M | 4.4% | $300.50 | +40.77% | 2 qtrssince 2026-Q1 | Unchanged 0 |
 WESCO International, Inc. | 662,881 | $229M | 4.2% | $163.98 | +93.13% | 10 qtrssince 2024-Q1 | Decreased 0 |
 Aon plc | 687,000 | $227.9M | 4.2% | $320.38 | +4.07% | 2 qtrssince 2026-Q1 | Decreased 0 |
 Teleflex Incorporated | 1.4M | $178.6M | 3.3% | $119.01 | +28.69% | 2 qtrssince 2026-Q1 | Decreased 0 |
 Norwegian Cruise Line Holdings Ltd. | 7.7M | $163.2M | 3.0% | $19.98 | -9.60% | 2 qtrssince 2026-Q1 | Increased 91 |
 Molina Healthcare Inc | 633,609 | $144.9M | 2.7% | $172.99 | +21.31% | 3 qtrssince 2025-Q4 | Unchanged 0 |
 CME Group Inc. | 619,000 | $136.7M | 2.5% | $219.80 | +43.54% | 1 qtr | New 79 |
 Herbalife Ltd. | 9.3M | $121.8M | 2.2% | $10.57 | +43.91% | 15 qtrssince 2022-Q4 | Unchanged 0 |
 Eagle Materials Inc | 530,763 | $119.4M | 2.2% | $236.11 | -22.81% | 10 qtrssince 2024-Q1 | Decreased 0 |
 GDS Holdings Limited | 3.8M | $113.2M | 2.1% | $11.97 | +67.44% | 10 qtrssince 2024-Q1 | Increased 64 |
 Americold Realty Trust, Inc. | 6.8M | $107.4M | 2.0% | $11.26 | +41.21% | 4 qtrssince 2025-Q3 | Decreased 0 |
 Liberty Global Ltd. | 8.5M | $94M | 1.7% | $9.76 | +6.36% | 11 qtrssince 2023-Q4 | Decreased 0 |
 Grupo Aeromexico, S.A.B. de C.V. | 4.9M | $87.8M | 1.6% | $21.92 | -23.63% | 3 qtrssince 2025-Q4 | Unchanged 0 |
| Quarter | Reported value in US dollars | Reported value change |
|---|---|---|
| 2025-Q1 | $3,496,062,000 | 1.79168828537% |
| 2025-Q2 | $4,130,042,000 | 18.1341177588% |
| 2025-Q3 | $4,790,804,000 | 15.9989172023% |
| 2025-Q4 | $5,278,590,000 | 10.1817148019% |
| 2026-Q1 | $5,115,380,000 | -3.09192416914% |
| 2026-Q2 | $5,415,853,000 | 5.87391357045% |
Baupost Group LLC manages $5.4B across 23 positions as of Q2 2026. Top holdings: AMZN (16.5%), ELV (9.1%), QSR (9.0%). Fund DNA: Balanced Allocator. HoldingsIntel Score: 5/5.0.
Added CME and AXTA; exited WTW and PCVX; reported listing changes in PS; increased 6, led by GPC (+1.3M shares); trimmed 9, led by WCC (−774,000 shares). Top move: GPC (INCREASED, conviction 95). Portfolio: $5.4B across 23 positions.
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Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer
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