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).

New positions opened in the latest quarter include AON PLC, DNOW INC, and LIBERTY GLOBAL LTD. Recently exited names: CRH PLC, DOLLAR GEN CORP NEW, and FIDELITY NATL INFORMATION SV.

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).

New positions opened in the latest quarter include AON PLC, DNOW INC, and LIBERTY GLOBAL LTD. Recently exited names: CRH PLC, DOLLAR GEN CORP NEW, and FIDELITY NATL INFORMATION SV.