Baupost Group 13F, Q1 2025
Seth Klarman · quarter ending 31 March 2025 · filed 14 May 2025 · SEC CIK 1061768
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q1 2025
Weights are against the whole filed book. Changes are in shares held, against the Q4 2024 filing.
| Company | Ticker | Value | % of book | vs Q4 2024 |
|---|---|---|---|---|
| WILLIS TOWERS WATSON PLC LTD | $515.60M | 14.8% | -17% shares | |
| ALPHABET INC | GOOG | $324.64M | 9.3% | +46% shares |
| WESCO INTL INC | WCC | $311.47M | 8.9% | +40% shares |
| LIBERTY GLOBAL LTD | $295.15M | 8.4% | -38% shares | |
| FIDELITY NATL INFORMATION SV | FIS | $260.85M | 7.5% | new |
| RESTAURANT BRANDS INTL INC | QSR | $259.00M | 7.4% | +34% shares |
| CRH PLC | $237.03M | 6.8% | +2% shares | |
| EAGLE MATLS INC | EXP | $201.88M | 5.8% | +43% shares |
| DOLLAR GEN CORP NEW | DG | $185.08M | 5.3% | +2% shares |
| FERGUSON ENTERPRISES INC | FERG | $181.38M | 5.2% | unchanged |
| GDS HLDGS LTD | GDS | $107.65M | 3.1% | unchanged |
| ELEVANCE HEALTH INC | ELV | $107.00M | 3.1% | new |
| VIASAT INC | VSAT | $106.19M | 3.0% | -17% shares |
| SOLVENTUM CORP | SOLV | $80.09M | 2.3% | -27% shares |
| ICON PLC | $70.87M | 2.0% | new | |
| HERBALIFE LTD | $65.59M | 1.9% | unchanged | |
| LIBERTY GLOBAL LTD | $58.43M | 1.7% | -2% shares | |
| CLARIVATE PLC | $42.36M | 1.2% | -70% shares | |
| SOMNIGROUP INTERNATIONAL INC | SGI | $42.12M | 1.2% | new |
| HERBALIFE LTD | HLF 4.25 06/15/28 | $14.83M | 0.4% | unchanged |
| LIBERTY BROADBAND CORP | LBRDK | $14.51M | 0.4% | unchanged |
| TAMBORAN RES CORP | TBN | $13.69M | 0.4% | unchanged |
| LIBERTY BROADBAND CORP | LBRDA | $643.0K | 0.0% | unchanged |
What changed since Q4 2024
Against the Q4 2024 filing, Baupost Group opened 4 new positions, added to 6, trimmed 6, left 7 unchanged and exited 3. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Added to
Other quarters
Source: SEC Form 13F-HR, accession 0001061768-25-000003, filed by BAUPOST GROUP LLC/MA. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.