BAUPOST GROUP LLC/MA

Superinvestor · Seth Klarman

CIK

1061768

Location

BOSTON, MA

Portfolio Value

Micro $4,958,230

Diversification

Diversified

Filing Date

Global Rank

#8,112 / 8,636 ▲ 15 · as of Mar 2026

Top Industry

Industrial Distribution 15.6%

3Y Alpha vs SPY

-5.5%

Period ended 4 months ago

Filed May 14, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Aug 2023–Aug 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+53.5%

SPY

+77.3%

Annualised alpha

-5.7%

Max drawdown

−17.3%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

21 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

13.1%

+2.2 pts

Top 5

48.1%

+2.4 pts

Top 10

76.3%

+0.5 pts

HHI

718

Diversified+39

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Consumer Cyclical	29.7%	$1,472,236	4
Industrials	24.5%	$1,215,037	5
Financial Services	14.5%	$719,828	3
Healthcare	14.0%	$695,027	4
Communication Services	6.8%	$338,819	1
Basic Materials	3.4%	$169,134	1
Consumer Defensive	2.7%	$136,305	1
Technology	2.5%	$122,676	1
Real Estate	1.8%	$89,168	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

9 positions

Ticker	Company	Δ Shares	Shares	Value
COLD	Americold Realty Trust	+4,305,115	7,780,800	$89,168
AMZN	Amazon Com Inc	+997,363	3,118,754	$649,543
FERG	Ferguson Enterprises Inc. /DE/	+305,376	1,442,411	$336,457
GOOGL	Alphabet Inc.	+93,950	1,181,131	$338,819
AERO	Grupo Aeromexico, S.A.B. de C.V.	+25,008	4,880,188	$68,371
WCC	Wesco International Inc	+18,050	1,436,881	$393,159
MOH	Molina Healthcare, Inc.	+8,609	633,609	$84,460
ELV	Elevance Health, Inc.	+5,852	1,275,154	$373,301
GPC	Genuine Parts Co	+4,260	1,490,348	$157,604
No positions match the current search.

Trimmed

Positions the filer reduced

3 positions

Ticker	Company	Δ Shares	Shares	Value
WTW	Willis Towers Watson PLC	−464,475	893,126	$259,632
EXP	Eagle Materials Inc	−292,485	892,763	$169,134
UNP	Union Pacific Corp	−86,259	1,540,995	$373,876
No positions match the current search.

New Positions

Positions the filer opened this quarter

6 positions

Ticker	Company	Shares	Value
AON	Aon plc	769,000	$248,218
V	Visa Inc.	701,355	$211,978
TFX	Teleflex Inc	1,595,000	$190,778
NCLH	Norwegian Cruise Line Holdings Ltd.	3,630,000	$67,881
PCVX	Vaxcyte, Inc.	800,000	$46,488
DNOW	DNOW Inc.	3,625,000	$43,174
No positions match the current search.

Sold Out

Positions the filer fully exited

6 positions

Ticker	Company	Shares	Value
FIS	Fidelity National Information Services, Inc.	4,503,801	$299,323
DG	Dollar General Corp	2,062,821	$273,881
FISV	Fiserv Inc	2,200,000	$147,774
CRH	Crh Public Ltd Co	1,072,957	$133,905
LBTYA	Liberty Global Ltd.	2,080,456	$23,176
TBN	Tamboran Resources Corp	257,226	$7,004
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

21 tracked positions · $4,958,230 total · filing declares 22 positions · $5,115,380 · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Est. Price	% of Portfolio
AMZN	Amazon Com Inc Consumer Cyclical	Added	3,118,754	+997,363	$649,543	+32.7%	$220.17	13.10%
QSR	Restaurant Brands International Inc. Consumer Cyclical	Held	8,080,112	0	$597,208	+8.3%	$70.21	12.04%
WCC	Wesco International Inc Industrials	Added	1,436,881	+18,050	$393,159	+13.3%	$280.84	7.93%
UNP	Union Pacific Corp Industrials	Reduced	1,540,995	-86,259	$373,876	−0.7%	$244.86	7.54%
ELV	Elevance Health, Inc. Healthcare	Added	1,275,154	+5,852	$373,301	−16.1%	$328.66	7.53%
GOOGL	Alphabet Inc. Communication Services	Added	1,181,131	+93,950	$338,819	−0.7%	$314.21	6.83%
FERG	Ferguson Enterprises Inc. /DE/ Industrials	Added	1,442,411	+305,376	$336,457	+32.9%	$243.36	6.79%
WTW	Willis Towers Watson PLC Financial Services	Reduced	893,126	-464,475	$259,632	−41.8%	$306.82	5.24%
AON	Aon plc Financial Services	NEW	769,000	NEW	$248,218	NEW	$332.33	5.01%
V	Visa Inc. Financial Services	NEW	701,355	NEW	$211,978	NEW	$321.55	4.28%
TFX	Teleflex Inc Healthcare	NEW	1,595,000	NEW	$190,778	NEW	$110.25	3.85%
EXP	Eagle Materials Inc Basic Materials	Reduced	892,763	-292,485	$169,134	−31.0%	$212.79	3.41%
GPC	Genuine Parts Co Consumer Cyclical	Added	1,490,348	+4,260	$157,604	−13.7%	$123.79	3.18%
HLF	Herbalife Ltd. Consumer Defensive	Held	9,259,844	0	$136,305	+14.2%	$16.34	2.75%
GDS	GDS Holdings Ltd Technology	Held	3,044,818	0	$122,676	+15.4%	$42.88	2.47%
COLD	Americold Realty Trust Real Estate	Added	7,780,800	+4,305,115	$89,168	+99.5%	$12.53	1.80%
MOH	Molina Healthcare, Inc. Healthcare	Added	633,609	+8,609	$84,460	−22.1%	$159.17	1.70%
AERO	Grupo Aeromexico, S.A.B. de C.V. Industrials	Added	4,880,188	+25,008	$68,371	−35.9%	$18.15	1.38%
NCLH	Norwegian Cruise Line Holdings Ltd. Consumer Cyclical	NEW	3,630,000	NEW	$67,881	NEW	$21.85	1.37%
PCVX	Vaxcyte, Inc. Healthcare	NEW	800,000	NEW	$46,488	NEW	$54.29	0.94%
DNOW	DNOW Inc. Industrials	NEW	3,625,000	NEW	$43,174	NEW	$13.53	0.87%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.