Baupost Group 13F, Q1 2026
Seth Klarman · quarter ending 31 March 2026 · filed 14 May 2026 · SEC CIK 1061768
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q1 2026
Weights are against the whole filed book. Changes are in shares held, against the Q4 2025 filing.
| Company | Ticker | Value | % of book | vs Q4 2025 |
|---|---|---|---|---|
| AMAZON COM INC | AMZN | $649.54M | 12.7% | +47% shares |
| RESTAURANT BRANDS INTL INC | QSR | $597.21M | 11.7% | unchanged |
| WESCO INTL INC | WCC | $393.16M | 7.7% | unchanged |
| UNION PAC CORP | UNP | $373.88M | 7.3% | -5% shares |
| ELEVANCE HEALTH INC FORMERLY | ELV | $373.30M | 7.3% | unchanged |
| ALPHABET INC | GOOG | $338.82M | 6.6% | +9% shares |
| FERGUSON ENTERPRISES INC | FERG | $336.46M | 6.6% | +27% shares |
| WILLIS TOWERS WATSON PLC LTD | $259.63M | 5.1% | -34% shares | |
| AON PLC | $248.22M | 4.8% | new | |
| VISA INC | V | $211.98M | 4.1% | new |
| TELEFLEX INCORPORATED | TFX | $190.78M | 3.7% | new |
| EAGLE MATLS INC | EXP | $169.13M | 3.3% | -25% shares |
| GENUINE PARTS CO | GPC | $157.60M | 3.1% | unchanged |
| LIBERTY GLOBAL LTD | $157.15M | 3.1% | -36% shares | |
| HERBALIFE LTD | $136.31M | 2.7% | unchanged | |
| GDS HLDGS LTD | GDS | $122.68M | 2.4% | unchanged |
| AMERICOLD REALTY TRUST INC | COLD | $89.17M | 1.7% | +124% shares |
| MOLINA HEALTHCARE INC | MOH | $84.46M | 1.6% | unchanged |
| GRUPO AEROMEXICO SAB DE CV | AERO | $68.37M | 1.3% | unchanged |
| NORWEGIAN CRUISE LINE HLDGS | $67.88M | 1.3% | new | |
| VAXCYTE INC | PCVX | $46.49M | 0.9% | new |
| DNOW INC | DNOW | $43.17M | 0.8% | new |
What changed since Q4 2025
Against the Q4 2025 filing, Baupost Group opened 6 new positions, added to 4, trimmed 4, left 8 unchanged and exited 6. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
Exited
Other quarters
Source: SEC Form 13F-HR, accession 0001061768-26-000007, 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.