Superinvestors / Baupost Group

Seth Klarman

Baupost Group

Deep value; special situations

$5.42B Portfolio value
23 positions · as of 2026-06-30 · filed 2026-08-13

This quarter

3 new2 exited6 added9 trimmed

Positions held steady are not reported as moves, so they are absent from these counts.

New: CME, AXTA, PS

Exited: WTW, PCVX

Added to: GPC, AMZN, NCLH, GOOG, GDS, FERG

Trimmed: WCC, UNP, QSR, EXP, LBTYK, AON, TFX, COLD

Portfolio

By weight · every resolvable issuer links to its company page · tags are this quarter's reported move

TickerIssuer% of portfolioReported priceValueShares
AMZNAMAZON COM INCINCREASED +20.0%16.48%$238.34$892.31M3.7M
ELVELEVANCE HEALTH INCUNCHANGED9.11%$386.73$493.14M1.3M
QSRRESTAURANT BRANDS INTL INCDECREASED -16.4%9.04%$72.50$489.61M6.8M
GOOGALPHABET INC· CAP STK CL CINCREASED +16.2%8.95%$353.33$484.74M1.4M
FERGFERGUSON ENTERPRISES INC· COMMON STOCK NEWINCREASED +0.6%6.36%$237.33$344.27M1.5M
GPCGENUINE PARTS COINCREASED +89.0%6.13%$117.98$332.25M2.8M
UNPUNION PAC CORPDECREASED -23.1%5.95%$272.00$322.43M1.2M
VVISA INC· COM CL AUNCHANGED4.44%$343.09$240.63M701.4K
WCCWESCO INTL INCDECREASED -53.9%4.23%$345.43$228.98M662.9K
AONAON PLC· SHS CL ADECREASED -10.7%4.21%$331.69$227.87M687.0K
Showing 10 of 23

Reported price is this manager's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what they paid. 13F reports no cost basis.

The top 10 positions are 74.9% of the reported portfolio, across 23 positions.

Values are as disclosed on this manager’s own 13F for its own quarter. 13F covers US-listed long equity only, so this is not the manager’s entire portfolio.

See more of Seth Klarman's portfolio

More of Seth Klarman's reported positions with their weights, and what they bought, sold and trimmed last quarter rather than the largest few — free with an account, no card required.

Sign in free