Seth Klarman – Baupost Group Portfolio Activity & Recent Trades (Jun 30, 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 (CRH), Liberty Broadband Corporation (LBRDK), Dollar General Corporation (DG), Alphabet Inc. (GOOG), Elevance Health, Inc. (ELV), and 4 more
These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.
Baupost Group Activity
| Date | Symbol | Type | Quantity |
|---|---|---|---|
Q2 2025Jun 30, 2025 | G0250X107 Amcor | Buy - Position Entry | +5,500,000 |
Q2 2025Jun 30, 2025 | G68707101 PagSeguro Digital | Buy - Position Entry | +2,500,000 |
Q2 2025Jun 30, 2025 | CRH CRH | Buy | +1,131,000+42.0% |
Q2 2025Jun 30, 2025 | FI Fiserv, Inc. | Buy - Position Entry | +895,000 |
Q2 2025Jun 30, 2025 | LBRDK Liberty Broadband Corporation | Buy | +575,000+337.0% |
Q2 2025Jun 30, 2025 | DG Dollar General Corporation | Buy | +562,000+26.7% |
Q2 2025Jun 30, 2025 | GOOG Alphabet Inc. | Buy | +556,000+26.8% |
Q2 2025Jun 30, 2025 | ELV Elevance Health, Inc. | Buy | +370,000+150.4% |
Q2 2025Jun 30, 2025 | FIS Fidelity National Information S | Buy | +296,764+8.5% |
Q2 2025Jun 30, 2025 | WCC WESCO International, Inc. | Buy | +202,000+10.1% |
Q2 2025Jun 30, 2025 | QSR Restaurant Brands International | Buy | +163,000+4.2% |
Q2 2025Jun 30, 2025 | G4412G101 Herbalife | Buy | +159,318+2.1% |
Q2 2025Jun 30, 2025 | WTW Willis Towers Watson | Sell | -211,483-13.9% |
Q2 2025Jun 30, 2025 | EXP Eagle Materials Inc | Sell | -233,376-25.7% |
Q2 2025Jun 30, 2025 | TPX Tempur Sealy International, Inc | Sell - Position Exit | -703,349-100.0% |
Q2 2025Jun 30, 2025 | GDS GDS Holdings Limited | Sell | -1,000,000-23.5% |
Q2 2025Jun 30, 2025 | VSAT ViaSat, Inc. | Sell | -1,000,000-9.8% |
Q2 2025Jun 30, 2025 | SOLV Solventum Corporation | Sell - Position Exit | -1,053,240-100.0% |
Q1 2025Mar 31, 2025 | FIS Fidelity National Information S | Buy - Position Entry | +3,492,947 |
Q1 2025Mar 31, 2025 | QSR Restaurant Brands International | Buy | +984,862+33.9% |
Q1 2025Mar 31, 2025 | TPX Tempur Sealy International, Inc | Buy - Position Entry | +703,349 |
Q1 2025Mar 31, 2025 | GOOG Alphabet Inc. | Buy | +652,000+45.7% |
Q1 2025Mar 31, 2025 | WCC WESCO International, Inc. | Buy | +569,930+39.7% |
Q1 2025Mar 31, 2025 | ICLR ICON | Buy - Position Entry | +405,000 |
Q1 2025Mar 31, 2025 | EXP Eagle Materials Inc | Buy | +271,410+42.5% |
Q1 2025Mar 31, 2025 | ELV Elevance Health, Inc. | Buy - Position Entry | +246,000 |
Q1 2025Mar 31, 2025 | CRH CRH | Buy | +52,993+2.0% |
Q1 2025Mar 31, 2025 | DG Dollar General Corporation | Buy | +44,076+2.1% |
Q1 2025Mar 31, 2025 | LBTYA Liberty Global | Sell | -124,682-2.4% |
Q1 2025Mar 31, 2025 | WTW Willis Towers Watson | Sell | -311,081-16.9% |