Baupost
Manager: Seth Klarman
BAUPOST GROUP LLC/MA · CIK 0001061768 · Form 13F-HR · Accession 0001061768-26-000010
Reported Equity Holdings (USD)
$5.4bn
23 positions · mainly 13F (+ Non-US where noted)
Shown (≥1%)
20
13F as filed (×$1,000) · 3 under 1% hidden
Largest weights: Amazon.com, Inc. 16.5%, Elevance Health 9.1%, Restaurant Brands International 9.0%. Sorted by USD value.
Reported Equity Holdings USD
3 names under 1% hidden (still included in Reported Equity Holdings). Weights vs full book — visible weights may sum to under 100%.
| # | Issuer | Ticker / listing | CCY | Value (USD) | Weight | Source | As of | Notes |
|---|---|---|---|---|---|---|---|---|
| 1 | Amazon.com, Inc. |
AMZN · Nasdaq | USD | $892.3m | 16.5% | 13F | 13F — 30 Jun 2026 | COM |
| 2 | Elevance Health |
ELV · NYSE | USD | $493.1m | 9.1% | 13F | 13F — 30 Jun 2026 | COM Formerly Anthem; ticker ELV. |
| 3 | Restaurant Brands International |
QSR · NYSE / TSX | USD | $489.6m | 9.0% | 13F | 13F — 30 Jun 2026 | COM |
| 4 | Alphabet Inc. (Class C) |
GOOG · Nasdaq | USD | $484.7m | 9.0% | 13F | 13F — 30 Jun 2026 | CAP STK CL C Capital stock Class C (GOOG). |
| 5 | Ferguson Enterprises |
FERG · NYSE | USD | $344.3m | 6.4% | 13F | 13F — 30 Jun 2026 | COMMON STOCK NEW |
| 6 | Genuine Parts Company |
GPC · NYSE | USD | $332.3m | 6.1% | 13F | 13F — 30 Jun 2026 | COM |
| 7 | Union Pacific Corporation |
UNP · NYSE | USD | $322.4m | 6.0% | 13F | 13F — 30 Jun 2026 | COM |
| 8 | Visa Inc. |
V · NYSE | USD | $240.6m | 4.4% | 13F | 13F — 30 Jun 2026 | COM CL A |
| 9 | WESCO International |
WCC · NYSE | USD | $229.0m | 4.2% | 13F | 13F — 30 Jun 2026 | COM |
| 10 | Aon plc |
AON · NYSE | USD | $227.9m | 4.2% | 13F | 13F — 30 Jun 2026 | SHS CL A Ireland-domiciled; NYSE-listed Class A shares. |
| 11 | Teleflex Incorporated |
TFX · NYSE | USD | $178.6m | 3.3% | 13F | 13F — 30 Jun 2026 | COM |
| 12 | Norwegian Cruise Line Holdings |
NCLH · NYSE | USD | $163.2m | 3.0% | 13F | 13F — 30 Jun 2026 | SHS Bermuda-domiciled; NYSE-listed. |
| 13 | Molina Healthcare |
MOH · NYSE | USD | $144.9m | 2.7% | 13F | 13F — 30 Jun 2026 | COM |
| 14 | CME Group |
CME · Nasdaq | USD | $136.7m | 2.5% | 13F | 13F — 30 Jun 2026 | COM |
| 15 | Herbalife Ltd. |
HLF · NYSE | USD | $121.8m | 2.2% | 13F | 13F — 30 Jun 2026 | COM SHS Cayman-domiciled; NYSE-listed. |
| 16 | Eagle Materials |
EXP · NYSE | USD | $119.4m | 2.2% | 13F | 13F — 30 Jun 2026 | COM |
| 17 | GDS Holdings (ADR) |
GDS · Nasdaq | USD | $113.2m | 2.1% | 13F | 13F — 30 Jun 2026 | SPONSORED ADS US-listed sponsored ADR on 13F. |
| 18 | Americold Realty Trust |
COLD · NYSE | USD | $107.4m | 2.0% | 13F | 13F — 30 Jun 2026 | COM |
| 19 | Liberty Global (Class C) |
LBTYK · Nasdaq | USD | $94.0m | 1.7% | 13F | 13F — 30 Jun 2026 | COM CL C Class C shares (LBTYK). |
| 20 | Grupo Aeroméxico (ADR) |
AERO · NYSE | USD | $87.8m | 1.6% | 13F | 13F — 30 Jun 2026 | SPONSORED ADS US-listed sponsored ADR on 13F. |
Methodology
- One book: All weights in USD. Reported Equity Holdings = Baupost Group LLC/MA 13F-HR reported values (same-issuer/CUSIP rows aggregated). Filed values ×$1,000 (legacy thousands convention despite X0202 schema).
- US 13F: Baupost Group LLC/MA (CIK 0001061768) Form 13F-HR. Period end 30 Jun 2026, filed 13 Aug 2026. Manager: Seth Klarman. Concentrated US-listed equity book (incl. ADRs).
- Value scale: tableValueTotal filed raw 5415853; USD book 5,415,853,000 after ×1000. Schema X0202 declared, but Baupost Column 4 / tableValueTotal are in thousands of USD (legacy convention). Parsed values = filed × 1000.
- Enrichment: Book values and weights are from the SEC 13F-HR only (light enrich: tickers / display names). Baupost / Seth Klarman is a concentrated US-listed equity book (incl. ADRs and Ireland/Bermuda/Cayman issuers listed in the US). No separate Non-US regulator hunt in this pass. Filed Column 4 values scaled ×$1,000 to whole USD.
- Mixed as-of: US 13F as of period end 30 Jun 2026.
- Reported AUM: Firm / strategy AUM from the manager's site or Form ADV where cited on this page — separate from Reported Equity Holdings.
- Shares / Discretion / Vote columns omitted. Value shown as USD market value ($m, 1 decimal, e.g. $17,700.0m). Weight to 1 decimal.
- Table shows positions with weight ≥ 1.0% only; names under 1% are hidden but still included in Reported Equity Holdings (USD) and the weight denominator.
- Raw data: EDGAR 13F · portfolio_combined.json · holdings.json