Seth Klarman - Baupost Group 13F Activity & Position Changes (Q2 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:
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
|