Seth Klarman Baupost Portfolio Analysis: Top Holdings Insight
An analysis of Baupost Group's top holdings as of March 31, 2026, highlighting significant investments and share changes.
As of March 31, 2026, Baupost Group, the investment firm helmed by renowned value investor Seth Klarman, held a diverse portfolio with a total value of approximately $5.05 million. This analysis focuses on the top holdings that constitute a significant portion of the fund's assets during this period.
Amazon.com Inc. (AMZN) stands out as the largest holding, representing 12.7% of the portfolio. Baupost owned 3,118,754 shares valued at $649,543. Notably, the fund increased its stake significantly, acquiring an additional 997,363 shares, marking a 47.01% increase in holdings since the previous period.
WESCO International Inc. (WCC) is another major position, accounting for 7.69% of the portfolio. With 1,436,881 shares valued at $393,159, the fund's stake in this Industrials company showed a modest increase of 1.27% during the prior period.
Union Pacific Corporation (UNP) holds a substantial 7.31% allocation. Baupost owns 1,540,995 shares worth $373,876. However, the fund reduced its position in this Industrials stock, decreasing shares by 5.3% compared to the previous period.
Elevance Health Inc. (ELV), formerly known as Elevate Health, represents 7.3% of the portfolio. The fund holds 1,275,154 shares valued at $373,301. Baupost slightly increased its stake in this Healthcare company by 0.46% over the prior period.
Alphabet Inc. (GOOG), parent company of Google, is a key holding at 6.62% allocation. Baupost owns 1,181,131 shares worth $338,819. The fund significantly boosted its position in this Communication Services stock, adding 8.64% more shares in the last reporting period.
Ferguson Enterprises Inc. (FERG) is positioned at 6.58% of the portfolio. With 1,442,411 shares valued at $336,457, Baupost demonstrated strong confidence by quintupling its stake in this Industrials company, increasing holdings by 26.86%.
Willis Towers Watson Public Limited Company (WTW) holds a 5.08% allocation. Baupost owns 893,126 shares worth $259,632. However, the fund drastically reduced its position in this company, cutting shares by 34.21% since the last period.
Aon PLC (AON) represents 4.85% of the portfolio. The fund owns 769,000 shares valued at $248,218. Baupost initiated a new position in this Financial Services company during the prior period, acquiring shares representing a 100.0% increase.
VISA Inc. (V) is a significant 4.14% holding. Baupost owns 701,355 shares worth $211,978. The fund similarly started a new position in this Financial Services stock, increasing its stake by 100.0% since the last reporting period.
Teleflex Incorporated (TFX) completes the list of significant holdings at a 3.73% allocation. Baupost owns 1,595,000 shares valued at $190,778. The fund initiated this position entirely in the prior period, marking a 100.0% increase in shares.
These top ten holdings reflect Baupost's strategic approach as of March 31, 2026. For more detailed information on Seth Klarman and Baupost Group's investment strategies, you can visit Baupost Group's profile. To explore specific stock holdings, such as Amazon.com Inc., WESCO International Inc., and others mentioned, please check the respective company profiles on Insiderset.