Seth Klarman's Portfolio
Baupost Group · $5.12B disclosed · 22 positions
As of Mar 31, 2026 (filed May 14, 2026) — quarterly Form 13F, U.S.-listed long positions and listed options only.
| # | Position | Value | % Port | Shares / Prn | Δ QoQ |
|---|---|---|---|---|---|
| 1 | AMAZON COM INC | $649.5M | 12.7% | 3,118,754 | +47% |
| 2 | RESTAURANT BRANDS INTL INC | $597.2M | 11.7% | 8,080,112 | — |
| 3 | WESCO INTL INC | $393.2M | 7.7% | 1,436,881 | +1% |
| 4 | UNION PAC CORP | $373.9M | 7.3% | 1,540,995 | -5% |
| 5 | ELEVANCE HEALTH INC FORMERLY | $373.3M | 7.3% | 1,275,154 | +0.5% |
| 6 | ALPHABET INC | $338.8M | 6.6% | 1,181,131 | +9% |
| 7 | FERGUSON ENTERPRISES INC | $336.5M | 6.6% | 1,442,411 | +27% |
| 8 | WILLIS TOWERS WATSON PLC LTD | $259.6M | 5.1% | 893,126 | -34% |
| 9 | AON PLC | $248.2M | 4.9% | 769,000 | NEW |
| 10 | VISA INC | $212.0M | 4.1% | 701,355 | NEW |
| 11 | TELEFLEX INCORPORATED | $190.8M | 3.7% | 1,595,000 | NEW |
| 12 | EAGLE MATLS INC | $169.1M | 3.3% | 892,763 | -25% |
| 13 | GENUINE PARTS CO | $157.6M | 3.1% | 1,490,348 | +0.3% |
| 14 | LIBERTY GLOBAL LTD | $157.2M | 3.1% | 13,397,247 | -36% |
| 15 | HERBALIFE LTD | $136.3M | 2.7% | 9,259,844 | — |
| 16 | GDS HLDGS LTD | $122.7M | 2.4% | 3,044,818 | — |
| 17 | AMERICOLD REALTY TRUST INC | $89.2M | 1.7% | 7,780,800 | +124% |
| 18 | MOLINA HEALTHCARE INC | $84.5M | 1.7% | 633,609 | +1% |
| 19 | GRUPO AEROMEXICO SAB DE CV | $68.4M | 1.3% | 4,880,188 | +0.5% |
| 20 | NORWEGIAN CRUISE LINE HLDGS | $67.9M | 1.3% | 3,630,000 | NEW |
| 21 | VAXCYTE INC | $46.5M | 0.9% | 800,000 | NEW |
| 22 | DNOW INC | $43.2M | 0.8% | 3,625,000 | NEW |
Exited since Dec 31, 2025
FIDELITY NATL INFORMATION SVDOLLAR GEN CORP NEWFISVCRH PLCLBTYATAMBORAN RES CORP
Built from the firm's public quarterly Form 13F filings. 13F reports cover reportable U.S.-listed long positions and listed options only, are published up to 45 days after quarter end, and exclude short positions, most non-U.S. holdings, and other instruments — so this is a delayed, partial view by design. Nothing here is investment advice.