Seth Klarman – Baupost Group Portfolio Activity & Recent Trades (Jun 30, 2025)
As of Jun 30, 2025, the Baupost Group portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 13, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.
During Q2 2025, the filing reported:
New Buys – Fiserv, Inc., Amcor, PagSeguro Digital
Increases – CRH, Dollar General Corporation, Elevance Health, Inc., Fidelity National Information S, Herbalife, and 4 more
Reductions – Eagle Materials Inc, GDS Holdings Limited, ViaSat, Inc., Willis Towers Watson
Complete Exits – Solventum Corporation, Tempur Sealy International, Inc
These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.
| Date | Symbol | Type | Change Qty |
|---|---|---|---|
Q2 2025 | CRH CRH | Buy | +1,131,000 |
Q2 2025 | DG Dollar General Corporation | Buy | +562,000 |
Q2 2025 | ELV Elevance Health, Inc. | Buy | +370,000 |
Q2 2025 | EXP Eagle Materials Inc | Sell | -233,376 |
Q2 2025 | FI Fiserv, Inc. | Buy - Position Entry | +895,000 |
Q2 2025 | FIS Fidelity National Information S | Buy | +296,764 |
Q2 2025 | G0250X107 Amcor | Buy - Position Entry | +5,500,000 |
Q2 2025 | G4412G101 Herbalife | Buy | +159,318 |
Q2 2025 | G68707101 PagSeguro Digital | Buy - Position Entry | +2,500,000 |
Q2 2025 | GDS GDS Holdings Limited | Sell | -1,000,000 |
Q2 2025 | GOOG Alphabet Inc. | Buy | +556,000 |
Q2 2025 | LBRDK Liberty Broadband Corporation | Buy | +575,000 |
Q2 2025 | QSR Restaurant Brands International | Buy | +163,000 |
Q2 2025 | SOLV Solventum Corporation | Sell - Position Exit | -1,053,240 |
Q2 2025 | TPX Tempur Sealy International, Inc | Sell - Position Exit | -703,349 |
Q2 2025 | VSAT ViaSat, Inc. | Sell | -1,000,000 |
Q2 2025 | WCC WESCO International, Inc. | Buy | +202,000 |
Q2 2025 | WTW Willis Towers Watson | Sell | -211,483 |
Q1 2025 | CRH CRH | Buy | +52,993 |
Q1 2025 | DG Dollar General Corporation | Buy | +44,076 |
Q1 2025 | ELV Elevance Health, Inc. | Buy - Position Entry | +246,000 |
Q1 2025 | EXP Eagle Materials Inc | Buy | +271,410 |
Q1 2025 | FIS Fidelity National Information S | Buy - Position Entry | +3,492,947 |
Q1 2025 | GOOG Alphabet Inc. | Buy | +652,000 |
Q1 2025 | GPC Genuine Parts Company | Sell - Position Exit | -315,337 |
Q1 2025 | HUM Humana Inc. | Sell - Position Exit | -346,000 |
Q1 2025 | ICLR ICON | Buy - Position Entry | +405,000 |
Q1 2025 | LBTYA Liberty Global | Sell | -124,682 |
Q1 2025 | LBTYK Liberty Global | Sell | -14,796,040 |
Q1 2025 | QSR Restaurant Brands International | Buy | +984,862 |