Latest BAUPOST GROUP LLC/MA Stock Portfolio
Seth Klarman Performance:
2025 Q4: 2.38%YTD: 10.15%2024: -7.46%
Performance for 2025 Q4 is 2.38%, and YTD is 10.15%, and 2024 is -7.46%.
About Seth Klarman and 13F Hedge Fund Stock Holdings
On 2026-02-13, the fund reported it's updated stock portfolio. In the 13F Holdings report, Seth Klarman reported an equity portfolio of $5.3 Billions as of 31 Dec, 2025.
The top stock holdings of BAUPOST GROUP LLC/MA are QSR, AMZN, WTW. The fund has invested 10.4% of it's portfolio in RESTAURANT BRANDS INTL INC and 9.3% of portfolio in AMAZON COM INC.
The fund managers got completely rid off PAGSEGURO DIGITAL LTD (PAGS) stocks. They significantly reduced their stock positions in CRH PLC (CRH), LIBERTY GLOBAL LTD (LBTYA) and TAMBORAN RES CORP. BAUPOST GROUP LLC/MA opened new stock positions in AMAZON COM INC (AMZN), MOLINA HEALTHCARE INC (MOH) and GRUPO AEROMEXICO SAB DE CV. The fund showed a lot of confidence in some stocks as they added substantially to FISERV INC, EAGLE MATLS INC (EXP) and WILLIS TOWERS WATSON PLC LTD (WTW).
The top stock holdings of BAUPOST GROUP LLC/MA are QSR, AMZN, WTW. The fund has invested 10.4% of it's portfolio in RESTAURANT BRANDS INTL INC and 9.3% of portfolio in AMAZON COM INC.
The fund managers got completely rid off PAGSEGURO DIGITAL LTD (PAGS) stocks. They significantly reduced their stock positions in CRH PLC (CRH), LIBERTY GLOBAL LTD (LBTYA) and TAMBORAN RES CORP. BAUPOST GROUP LLC/MA opened new stock positions in AMAZON COM INC (AMZN), MOLINA HEALTHCARE INC (MOH) and GRUPO AEROMEXICO SAB DE CV. The fund showed a lot of confidence in some stocks as they added substantially to FISERV INC, EAGLE MATLS INC (EXP) and WILLIS TOWERS WATSON PLC LTD (WTW).
Seth Klarman Annual Return Estimates Vs S&P 500
Our best estimate is that BAUPOST GROUP LLC/MA made a return of 2.38% in the last quarter. In trailing 12 months, it's portfolio return was 10.15%.
- Performance
- S&P 500
New Buys
| Ticker | $ Bought |
|---|---|
| amazon com inc | 489,659,000 |
| molina healthcare inc | 108,463,000 |
| grupo aeromexico sab de cv | 106,620,000 |
New stocks bought by BAUPOST GROUP LLC/MA
Additions
| Ticker | % Inc. |
|---|---|
| fiserv inc | 145 |
| eagle matls inc | 26.14 |
| willis towers watson plc ltd | 24.66 |
| herbalife ltd | 19.33 |
| fidelity natl information sv | 18.84 |
| union pac corp | 8.76 |
| genuine parts co | 6.53 |
Additions to existing portfolio by BAUPOST GROUP LLC/MA
Reductions
| Ticker | % Reduced |
|---|---|
| crh plc | -68.29 |
| liberty global ltd | -59.02 |
| tamboran res corp | -54.94 |
| alphabet inc | -41.49 |
| dollar gen corp new | -22.65 |
| gds hldgs ltd | -6.31 |
| wesco intl inc | -5.61 |
| elevance health inc formerly | -3.77 |
BAUPOST GROUP LLC/MA reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| herbalife ltd | -15,833,000 |
| cable one inc | -12,068,000 |
| pagseguro digital ltd | -25,000,000 |
BAUPOST GROUP LLC/MA got rid off the above stocks
Sector Distribution
BAUPOST GROUP LLC/MA has about 23.2% of it's holdings in Consumer Cyclical sector.
- Consumer Cyclical
- Others
- Industrials
- Healthcare
- Financial Services
- Consumer Defensive
- Communication Services
- Technology
- Basic Materials
| Sector | % |
|---|---|
| Consumer Cyclical | 23.2 |
| Others | 19.1 |
| Industrials | 13.7 |
| Healthcare | 10.5 |
| Financial Services | 8.5 |
| Consumer Defensive | 7.4 |
| Communication Services | 6.5 |
| Technology | 5.7 |
| Basic Materials | 4.6 |
Market Cap. Distribution
BAUPOST GROUP LLC/MA has about 62.6% of it's portfolio invested in the large-cap and mega-cap stocks.
- LARGE-CAP
- UNALLOCATED
- MEGA-CAP
- NANO-CAP
- MID-CAP
- SMALL-CAP
| Category | % |
|---|---|
| LARGE-CAP | 46.9 |
| UNALLOCATED | 19.1 |
| MEGA-CAP | 15.7 |
| NANO-CAP | 8.4 |
| MID-CAP | 7.5 |
| SMALL-CAP | 2.3 |
Stocks belong to which Index?
About 50% of the stocks held by BAUPOST GROUP LLC/MA either belong to S&P 500 or RUSSELL 2000 index.
- Others
- S&P 500
- RUSSELL 2000
| Index | % |
|---|---|
| Others | 50 |
| S&P 500 | 47.7 |
| RUSSELL 2000 | 2.3 |
Seth Klarman Holdings Map
This heatmap illustrates the top 50 positions within the fund's portfolio.
Current Stock Holdings of Seth Klarman
BAUPOST GROUP LLC/MA has 22 stocks in it's portfolio. About 72.4% of the portfolio is in top 10 stocks. proved to be the most loss making stock for the portfolio. GOOG was the most profitable stock for BAUPOST GROUP LLC/MA last quarter.
Last Reported on: 13 Feb, 2026| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| AMZN | amazon com inc | 9.28 | 2,121,390 | 489,659,000 | new | |||
| ANTX | elevance health inc formerly | 8.43 | 1,269,300 | 444,954,000 | reduced | -3.77 | ||
| CABO | cable one inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| COLD | americold realty trust inc | 0.85 | 3,475,680 | 44,697,000 | reduced | -3.45 | ||
| CRH | crh plc | 2.54 | 1,072,960 | 133,905,000 | reduced | -68.29 | ||
| DG | dollar gen corp new | 5.19 | 2,062,820 | 273,881,000 | reduced | -22.65 | ||
| EXP | eagle matls inc | 4.64 | 1,185,250 | 244,967,000 | added | 26.14 | ||
| FIS | fidelity natl information sv | 5.67 | 4,503,800 | 299,323,000 | added | 18.84 | ||
| GDS | gds hldgs ltd | 2.01 | 3,044,820 | 106,264,000 | reduced | -6.31 | ||
| GOOG | alphabet inc | 6.46 | 1,087,180 | 341,157,000 | reduced | -41.49 | ||
| GPC | genuine parts co | 3.46 | 1,486,090 | 182,729,000 | added | 6.53 | ||
| HLF | herbalife ltd | 2.26 | 9,259,840 | 119,359,000 | added | 19.33 | ||
| LBTYA | liberty global ltd | 4.37 | 20,884,800 | 230,568,000 | reduced | -3.57 | ||
| LBTYA | liberty global ltd | 0.44 | 2,080,460 | 23,176,000 | reduced | -59.02 | ||
| MOH | molina healthcare inc | 2.06 | 625,000 | 108,463,000 | new | |||
| PAGS | pagseguro digital ltd | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| QSR | restaurant brands intl inc | 10.45 | 8,080,110 | 551,325,000 | reduced | -2.09 | ||
| UNP | union pac corp | 7.13 | 1,627,250 | 376,416,000 | added | 8.76 | ||
| WCC | wesco intl inc | 6.58 | 1,418,830 | 347,103,000 | reduced | -5.61 | ||
| WTW | willis towers watson plc ltd | 8.45 | 1,357,600 | 446,108,000 | added | 24.66 | ||