Seth Klarman - Baupost Group Portfolio Holdings
As of Dec 31, 2025, the Baupost Group portfolio holdings is valued at approximately $5,278,590.00 featuring 21 publicly traded holdings. This in-depth profile highlights the top investments led by RESTAURANT BRANDS INTL INC (QSR), AMAZON COM INC (AMZN), WILLIS TOWERS WATSON PLC LTD (WTW), ELEVANCE HEALTH INC FORMERLY (ELV), and others based on the company's latest SEC filings reported on Feb 13, 2026. Explore insights into portfolio composition, sector allocation, and recent trade activity.
Baupost Group's stock portfolio spans 21 holdings across 10 sectors, with a total market value of $5,278,590.00. The Consumer Cyclical sector represents the largest allocation, while the top holdings account for nearly 74% of the total portfolio value. RESTAURANT BRANDS INTL INC remains the single largest position at 10.4% of all equity investments.
Complete Holdings
Showing 21 of 21 holdings.
| # | Company | Symbol | Sector | Portfolio % | Shares | Change (Shares) | Change % | Value |
|---|---|---|---|---|---|---|---|---|
| 1 | RESTAURANT BRANDS INTL INC | QSR | Consumer Cyclical | 10.44% | 8,080,112 | -172,750 | -2.09% | $551,325.00 |
| 2 | AMAZON COM INC | AMZN | Consumer Cyclical | 9.28% | 2,121,391 | +1,157,445 | +120.07% | $489,659.00 |
| 3 | WILLIS TOWERS WATSON PLC LTD | WTW | Other | 8.45% | 1,357,601 | +268,536 | +24.66% | $446,108.00 |
| 4 | ELEVANCE HEALTH INC FORMERLY | ELV | Healthcare | 8.43% | 1,269,302 | -49,698 | -3.77% | $444,954.00 |
| 5 | UNION PAC CORP | UNP | Industrials | 7.13% | 1,627,254 | +131,050 | +8.76% | $376,416.00 |
| 6 | WESCO INTL INC | WCC | Industrials | 6.58% | 1,418,831 | -84,349 | -5.61% | $347,103.00 |
| 7 | ALPHABET INC | GOOG | Communication Services | 6.46% | 1,087,181 | -770,957 | -41.49% | $341,157.00 |
| 8 | FIDELITY NATL INFORMATION SV | FIS | Technology | 5.67% | 4,503,801 | +714,090 | +18.84% | $299,323.00 |
| 9 | DOLLAR GEN CORP NEW | DG | Consumer Defensive | 5.19% | 2,062,821 | -604,055 | -22.65% | $273,881.00 |
| 10 | FERGUSON ENTERPRISES INC | FERG | Industrials | 4.80% | 1,137,035 | -18,465 | -1.60% | $253,138.00 |
| 11 | EAGLE MATLS INC | EXP | Basic Materials | 4.64% | 1,185,248 | +245,588 | +26.14% | $244,967.00 |
| 12 | LIBERTY GLOBAL LTD | LBTYK | Other | 4.37% | 20,884,781 | -773,022 | -3.57% | $230,568.00 |
| 13 | GENUINE PARTS CO | GPC | Consumer Cyclical | 3.46% | 1,486,088 | +91,088 | +6.53% | $182,729.00 |
| 14 | FISERV INC | FI | Technology | 2.80% | 2,200,000 | +1,305,000 | +145.81% | $147,774.00 |
| 15 | CRH PLC | CRH | Other | 2.54% | 1,072,957 | -2,310,438 | -68.29% | $133,905.00 |
| 16 | HERBALIFE LTD | G4412G101 | Other | 2.26% | 9,259,844 | +1,500,000 | +19.33% | $119,359.00 |
| 17 | MOLINA HEALTHCARE INC | MOH | Healthcare | 2.05% | 625,000 | +625,000 | +100.00% | $108,463.00 |
| 18 | GDS HLDGS LTD | GDS | Technology | 2.01% | 3,044,818 | -205,134 | -6.31% | $106,264.00 |
| 19 | AMERICOLD REALTY TRUST INC | COLD | Real Estate | 0.85% | 3,475,685 | -124,315 | -3.45% | $44,697.00 |
| 20 | LIBERTY GLOBAL LTD | LBTYA | Other | 0.44% | 2,080,456 | -2,996,306 | -59.02% | $23,176.00 |
| 21 | TAMBORAN RES CORP | TBN | Energy | 0.13% | 257,226 | -313,607 | -54.94% | $7,004.00 |
Holdings by Sector
| Sector | Allocation | Value |
|---|---|---|
| Consumer Cyclical | 23.66% | $1,223,713.00 |
| Industrials | 18.88% | $976,657.00 |
| Other | 18.43% | $953,116.00 |
| Healthcare | 10.70% | $553,417.00 |
| Technology | 10.70% | $553,361.00 |
| Communication Services | 6.60% | $341,157.00 |
| Consumer Defensive | 5.30% | $273,881.00 |
| Basic Materials | 4.74% | $244,967.00 |
| Real Estate | 0.86% | $44,697.00 |
| Energy | 0.14% | $7,004.00 |
Portfolio insights
As of Dec 31, 2025, the Baupost Group portfolio holds 21 securities valued at $5,171,970.00. The Consumer Cyclical sector represents the largest allocation, while the top positions account for a significant portion of the total portfolio weight.