Seth Klarman

Baupost Groupas of 2026 Q1· $5.12M portfolio · 22 positions
Public data (SEC 13F-HR filings). A quarter-end snapshot disclosed up to ~45 days late, long U.S. equity positions only (no shorts or options) — not real-time holdings, and not investment advice.

Latest quarter holdings

StockValueWeightQoQ
AMZN$649.5K12.7%Add +47%
QSR$597.2K11.7%Hold
WCC$393.2K7.7%Hold
UNP$373.9K7.3%Trim -5%
ELV$373.3K7.3%Hold
GOOG$338.8K6.6%Add +9%
FERG$336.5K6.6%Add +27%
WILLIS TOWERS WATSON PLC LTD$259.6K5.1%Trim -34%
AON PLC$248.2K4.9%New
V$212.0K4.1%New
TFX$190.8K3.7%New
EXP$169.1K3.3%Trim -25%
GPC$157.6K3.1%Hold
LIBERTY GLOBAL LTD$157.2K3.1%Trim -36%
HERBALIFE LTD$136.3K2.7%Hold

Source: SEC 13F-HR filings (public domain); CUSIP→ticker via OpenFIGI. Not investment advice.