Seth Klarman - Baupost Group 13F Activity & Position Changes (Q2 2025)
According to the SEC 13F filed on Aug 13, 2025, the Baupost Group portfolio showed several notable changes in holdings as of quarter-end Jun 30, 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:
Increases - CRH, Dollar General Corporation, Elevance Health, Inc., Fidelity National Information S, Herbalife, and 4 more
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
|