BAUPOST GROUP LLC/MA

Managed by Seth Klarman. $5.12B disclosed long-equity portfolio across 22 positions.

#StockValue% of Portfolio
1AMAZON COM INC$649.5M12.70%
2RESTAURANT BRANDS INTL INC$597.2M11.67%
3WESCO INTL INC$393.2M7.69%
4UNION PAC CORP$373.9M7.31%
5ELEVANCE HEALTH INC FORMERLY$373.3M7.30%
6ALPHABET INC$338.8M6.62%
7FERGUSON ENTERPRISES INC$336.5M6.58%
8WILLIS TOWERS WATSON PLC LTD$259.6M5.08%
9AON PLC$248.2M4.85%
10VISA INC$212.0M4.14%
11TELEFLEX INCORPORATED$190.8M3.73%
12EAGLE MATLS INC$169.1M3.31%
13GENUINE PARTS CO$157.6M3.08%
14LIBERTY GLOBAL LTD$157.2M3.07%
15HERBALIFE LTD$136.3M2.66%
16GDS HLDGS LTD$122.7M2.40%
17AMERICOLD REALTY TRUST INC$89.2M1.74%
18MOLINA HEALTHCARE INC$84.5M1.65%
19GRUPO AEROMEXICO SAB DE CV$68.4M1.34%
20NORWEGIAN CRUISE LINE HLDGS$67.9M1.33%
21VAXCYTE INC$46.5M0.91%
22DNOW INC$43.2M0.84%

For full quarterly history, transactions, and the investor profile, see Seth Klarman's page →

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BAUPOST GROUP LLC/MA — overview

Seth Klarman runs BAUPOST GROUP LLC/MA. The other canonical value investor. Obsessed with margin of safety. Very patient, concentrated. As of the Q1 2026 13F filing, the disclosed long-equity portfolio is valued at $5.1B across 22 positions. The largest holdings are AMAZON COM INC, RESTAURANT BRANDS INTL INC, and WESCO INTL INC (AMAZON COM INC alone is 12.7% of the book).

Key takeaways

  • Disclosed Q1 2026 portfolio: $5.1B.
  • Top holdings: AMAZON COM INC, RESTAURANT BRANDS INTL INC, and WESCO INTL INC.