Filing45

Seth Klarman

Baupost Group · Deep Value · $5.4B across 23 positions

As reported for the quarter ending Jun 30, 2026, filed Aug 13, 2026. Read it on EDGAR

Bought into last quarter

  • CME $136.7M
  • Axalta Coating Sys LTD $43.6M
  • PS $12.9M

Largest positions

HoldingValueShare of portfolioChange
AMZNAmazon Com INC$892.3M16.48%Added +20%
ELVElevance Health INC Formerly$493.1M9.11%Unchanged
QSRRestaurant Brands Intl INC$489.6M9.04%Trimmed -16%
GOOGAlphabet INC$484.7M8.95%Added +16%
FERGFerguson Enterprises INC$344.3M6.36%Unchanged
GPCGenuine Parts CO$332.3M6.13%Added +89%
UNPUnion Pac CORP$322.4M5.95%Trimmed -23%
VVisa INC$240.6M4.44%Unchanged
WCCWesco Intl INC$229.0M4.23%Trimmed -54%
Not listedAon PLC$227.9M4.21%Trimmed -11%
TFXTeleflex Incorporated$178.6M3.30%Trimmed -12%
Not listedNorwegian Cruise Line Hldgs$163.2M3.01%Added +113%
MOHMolina Healthcare INC$144.9M2.68%Unchanged
CMECme Group INC$136.7M2.52%New position
Not listedHerbalife LTD$121.8M2.25%Unchanged
EXPEagle Matls INC$119.4M2.21%Trimmed -41%
GDSGds Hldgs LTD$113.2M2.09%Added +24%
COLDAmericold Realty Trust INC$107.4M1.98%Trimmed -12%
Not listedLiberty Global LTD$94.0M1.74%Trimmed -36%
AEROGrupo Aeromexico Sab De Cv$87.8M1.62%Unchanged
Not listedAxalta Coating Sys LTD$43.6M0.81%New position
DNOWDnow INC$36.2M0.67%Trimmed -23%
PSPershing Square INC$12.9M0.24%New position

Sold out of

Held at the previous filing, gone from this one.

  • PCVX
  • Willis Towers Watson PLC LTD