Seth Klarman - Baupost Group 13F Portfolio Holdings (Q1 2026)
As of Mar 31, 2026, the Baupost Group portfolio holdings is valued at approximately $5,115,380.00 featuring 21 publicly traded holdings. This in-depth profile highlights the top investments led by AMAZON COM INC (AMZN), RESTAURANT BRANDS INTL INC (QSR), WESCO INTL INC (WCC), UNION PAC CORP (UNP), and others based on the company's latest SEC filings reported on May 14, 2026. Explore insights into portfolio composition, sector allocation, and recent trade activity.
Baupost Group's stock portfolio spans 21 holdings across 9 sectors, with a total market value of $5,115,380.00. The Consumer Cyclical sector represents the largest allocation, while the top holdings account for nearly 75% of the total portfolio value. AMAZON COM INC remains the single largest position at 12.7% of all equity investments.
Complete Holdings
Showing 21 of 21 holdings.
| # | Company | Symbol | Sector | Portfolio % | Shares | Change (Shares) | Change % | Value |
|---|---|---|---|---|---|---|---|---|
| 1 | AMAZON COM INC | AMZN | Consumer Cyclical | 12.70% | 3,118,754 | +997,363 | +47.01% | $649,543.00 |
| 2 | RESTAURANT BRANDS INTL INC | QSR | Consumer Cyclical | 11.67% | 8,080,112 | - | - | $597,208.00 |
| 3 | WESCO INTL INC | WCC | Industrials | 7.69% | 1,436,881 | +18,050 | +1.27% | $393,159.00 |
| 4 | UNION PAC CORP | UNP | Industrials | 7.31% | 1,540,995 | -86,259 | -5.30% | $373,876.00 |
| 5 | ELEVANCE HEALTH INC FORMERLY | ELV | Healthcare | 7.30% | 1,275,154 | +5,852 | +0.46% | $373,301.00 |
| 6 | ALPHABET INC | GOOG | Communication Services | 6.62% | 1,181,131 | +93,950 | +8.64% | $338,819.00 |
| 7 | FERGUSON ENTERPRISES INC | FERG | Industrials | 6.58% | 1,442,411 | +305,376 | +26.86% | $336,457.00 |
| 8 | WILLIS TOWERS WATSON PLC LTD | WTW | Other | 5.08% | 893,126 | -464,475 | -34.21% | $259,632.00 |
| 9 | AON PLC | AON | Financial Services | 4.85% | 769,000 | +769,000 | +100.00% | $248,218.00 |
| 10 | VISA INC | V | Financial Services | 4.14% | 701,355 | +701,355 | +100.00% | $211,978.00 |
| 11 | TELEFLEX INCORPORATED | TFX | Healthcare | 3.73% | 1,595,000 | +1,595,000 | +100.00% | $190,778.00 |
| 12 | EAGLE MATLS INC | EXP | Basic Materials | 3.31% | 892,763 | -292,485 | -24.68% | $169,134.00 |
| 13 | GENUINE PARTS CO | GPC | Consumer Cyclical | 3.08% | 1,490,348 | +4,260 | +0.29% | $157,604.00 |
| 14 | LIBERTY GLOBAL LTD | LBTYK | Other | 3.07% | 13,397,247 | -7,487,534 | -35.85% | $157,150.00 |
| 15 | HERBALIFE LTD | G4412G101 | Other | 2.66% | 9,259,844 | - | - | $136,305.00 |
| 16 | GDS HLDGS LTD | GDS | Technology | 2.40% | 3,044,818 | - | - | $122,676.00 |
| 17 | AMERICOLD REALTY TRUST INC | COLD | Real Estate | 1.74% | 7,780,800 | +4,305,115 | +123.86% | $89,168.00 |
| 18 | MOLINA HEALTHCARE INC | MOH | Healthcare | 1.65% | 633,609 | +8,609 | +1.38% | $84,460.00 |
| 19 | NORWEGIAN CRUISE LINE HLDGS | NCLH | Other | 1.33% | 3,630,000 | +3,630,000 | +100.00% | $67,881.00 |
| 20 | VAXCYTE INC | PCVX | Healthcare | 0.91% | 800,000 | +800,000 | +100.00% | $46,488.00 |
| 21 | DNOW INC | DNOW | Industrials | 0.84% | 3,625,000 | +3,625,000 | +100.00% | $43,174.00 |
Holdings by Sector
| Sector | Allocation | Value |
|---|---|---|
| Consumer Cyclical | 27.83% | $1,404,355.00 |
| Industrials | 22.72% | $1,146,666.00 |
| Healthcare | 13.77% | $695,027.00 |
| Other | 12.30% | $620,968.00 |
| Financial Services | 9.12% | $460,196.00 |
| Communication Services | 6.71% | $338,819.00 |
| Basic Materials | 3.35% | $169,134.00 |
| Technology | 2.43% | $122,676.00 |
| Real Estate | 1.77% | $89,168.00 |
Portfolio insights
As of Mar 31, 2026, the Baupost Group portfolio holds 21 securities valued at $5,047,009.00. The Consumer Cyclical sector represents the largest allocation, while the top positions account for a significant portion of the total portfolio weight.