Latest BAUPOST GROUP LLC/MA Stock Portfolio

$5.42Billion | No. of Holdings #23

Seth Klarman Performance

2026 Q2+10.75%

YTD+7.63%

2025+10.15%

About Seth Klarman and 13F Hedge Fund Stock Holdings

On 2026-08-13, the fund reported it's updated stock portfolio. In the 13F Holdings report, Seth Klarman reported an equity portfolio of $5.4 Billions as of 30 Jun, 2026. <br><br> The top stock holdings of Seth Klarman are AMZN, ANTX, QSR. The fund has invested 16.5% of it's portfolio in AMAZON COM INC and 9.1% of portfolio in ELEVANCE HEALTH INC FORMERLY. <br><br> The fund managers got completely rid off WILLIS TOWERS WATSON PLC LTD (WTW) and VAXCYTE INC (PCVX) stocks. They significantly reduced their stock positions in WESCO INTL INC (WCC), EAGLE MATLS INC (EXP) and LIBERTY GLOBAL LTD (LBTYA). Seth Klarman opened new stock positions in CME GROUP INC (CME), AXALTA COATING SYS LTD (AXTA) and PERSHING SQUARE INC. The fund showed a lot of confidence in some stocks as they added substantially to NORWEGIAN CRUISE LINE HLDGS (NCLH), GENUINE PARTS CO (GPC) and GDS HLDGS LTD (GDS).

Seth Klarman Equity Portfolio Value

Last Reported on: 13 Aug, 2026

$5.42Billion

as of Aug 13, 2026

Seth Klarman Annual Return Estimates Vs S&P 500

Our best estimate is that BAUPOST GROUP LLC/MA made a return of 10.75% in the last quarter. In trailing 12 months, it's portfolio return was 15.6%.

Performance
S&P 500

New Buys

Ticker	$ Bought
cme group inc	136,694,000
axalta coating sys ltd	43,608,000
pershing square inc	12,881,000

New stocks bought by BAUPOST GROUP LLC/MA

Additions

Ticker	% Inc.
norwegian cruise line hldgs	112
genuine parts co	88.96
gds hldgs ltd	23.81
amazon com inc	20.04
alphabet inc	16.15
ferguson enterprises inc	0.57

Additions to existing portfolio by BAUPOST GROUP LLC/MA

Reductions

Ticker	% Reduced
wesco intl inc	-53.87
eagle matls inc	-40.55
liberty global ltd	-36.23
dnow inc	-23.09
union pac corp	-23.08
restaurant brands intl inc	-16.42
americold realty trust inc	-12.22
teleflex incorporated	-11.66

BAUPOST GROUP LLC/MA reduced stake in above stock

Sold off

Ticker	$ Sold
willis towers watson plc ltd	-259,632,000
vaxcyte inc	-46,488,000

BAUPOST GROUP LLC/MA got rid off the above stocks

Sector Distribution

BAUPOST GROUP LLC/MA has about 34.7% of it's holdings in Consumer Cyclical sector.

Consumer Cyclical
Healthcare
Others
Financial Services
Industrials
Communication Services
Basic Materials
Consumer Defensive
Real Estate

Sector	%
Consumer Cyclical	34.7
Healthcare	15.1
Others	12
Financial Services	11.2
Industrials	10.2
Communication Services	9
Basic Materials	3
Consumer Defensive	2.2
Real Estate	2

Market Cap. Distribution

BAUPOST GROUP LLC/MA has about 64.7% of it's portfolio invested in the large-cap and mega-cap stocks.

LARGE-CAP
MEGA-CAP
MID-CAP
UNALLOCATED
MICRO-CAP
SMALL-CAP

Category	%
LARGE-CAP	34.8
MEGA-CAP	29.9
MID-CAP	12
UNALLOCATED	12
MICRO-CAP	9.1
SMALL-CAP	2.2

Stocks belong to which Index?

About 60.6% of the stocks held by BAUPOST GROUP LLC/MA either belong to S&P 500 or RUSSELL 2000 index.

S&P 500
Others
RUSSELL 2000

Index	%
S&P 500	57.7
Others	39.4
RUSSELL 2000	2.9

Top 5 Winners (%)		%
MOH	molina healthcare inc	71.6 %
COLD	americold realty trust inc	34.9 %
ANTX	elevance health inc formerly	32.1 %
	grupo aeromexico sab de cv	28.5 %
GOOG	alphabet inc	21.2 %

Top 5 Winners ($)		$
ANTX	elevance health inc formerly	119.8 M
AMZN	amazon com inc	103.2 M
GOOG	alphabet inc	84.9 M
WCC	wesco intl inc	75.4 M
MOH	molina healthcare inc	60.4 M

Top 5 Losers (%)		%
GDS	gds hldgs ltd	-23.6 %
HLF	herbalife ltd	-10.7 %
LBTYA	liberty global ltd	-5.1 %
QSR	restaurant brands intl inc	-1.8 %

Top 5 Losers ($)		$
GDS	gds hldgs ltd	-35.0 M
HLF	herbalife ltd	-14.5 M
QSR	restaurant brands intl inc	-10.5 M
LBTYA	liberty global ltd	-8.0 M

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 23 stocks in it's portfolio. About 74.9% of the portfolio is in top 10 stocks. GDS proved to be the most loss making stock for the portfolio. ANTX was the most profitable stock for BAUPOST GROUP LLC/MA last quarter.

$5.42BTotal Value

25.00Positions

13 Aug, 2026Last Reported

Current holdings of Current Stock Holdings of Seth Klarman, last reported on 13 Aug, 2026. Select a row with a linked ticker to view its historical trend.
Holdingsorted ascending	% Portfolio	Shares Held	$ Value	% Change
AMZN Amazon Com Inc Amazon Com IncAMZN Seth Klarman's holding in Amazon Com Inc over time	16.48%	3,743,850	$892.31M 16.48%	increased 20.04 percentadded

ANTX Elevance Health Inc Formerly Elevance Health Inc FormerlyANTX Seth Klarman's holding in Elevance Health Inc Formerly over time	9.11%	1,275,150	$493.14M 9.11%	unchanged 0 percentunchanged

AON Aon Plc Aon PlcAON Seth Klarman's holding in Aon Plc over time	4.21%	687,000	$227.87M 4.21%	decreased 10.66 percentreduced

AXTA Axalta Coating Sys Ltd Axalta Coating Sys LtdAXTA Seth Klarman's holding in Axalta Coating Sys Ltd over time	0.8%	1,274,360	$43.61M 0.8%	new position

CME Cme Group Inc Cme Group IncCME Seth Klarman's holding in Cme Group Inc over time	2.52%	619,000	$136.69M 2.52%	new position

COLD Americold Realty Trust Inc Americold Realty Trust IncCOLD Seth Klarman's holding in Americold Realty Trust Inc over time	1.98%	6,830,230	$107.37M 1.98%	decreased 12.22 percentreduced

DNOW Dnow Inc Dnow IncDNOW Seth Klarman's holding in Dnow Inc over time	0.67%	2,788,000	$36.16M 0.67%	decreased 23.09 percentreduced

EXP Eagle Matls Inc Eagle Matls IncEXP Seth Klarman's holding in Eagle Matls Inc over time	2.2%	530,763	$119.42M 2.2%	decreased 40.55 percentreduced

GDS Gds Hldgs Ltd Gds Hldgs Ltd GDS Seth Klarman's holding in Gds Hldgs Ltd over time	2.09%	3,769,820	$113.21M 2.09%	increased 23.81 percentadded

GOOG Alphabet Inc Alphabet IncGOOG Seth Klarman's holding in Alphabet Inc over time	8.95%	1,371,930	$484.74M 8.95%	increased 16.15 percentadded

GPC Genuine Parts Co Genuine Parts CoGPC Seth Klarman's holding in Genuine Parts Co over time	6.14%	2,816,180	$332.25M 6.14%	increased 88.96 percentadded

HLF Herbalife Ltd Herbalife LtdHLF Seth Klarman's holding in Herbalife Ltd over time	2.25%	9,259,840	$121.77M 2.25%	unchanged 0 percentunchanged

LBTYA Liberty Global Ltd Liberty Global Ltd LBTYA Seth Klarman's holding in Liberty Global Ltd over time	1.74%	8,543,160	$93.97M 1.74%	decreased 36.23 percentreduced

MOH Molina Healthcare Inc Molina Healthcare IncMOH Seth Klarman's holding in Molina Healthcare Inc over time	2.68%	633,609	$144.91M 2.68%	unchanged 0 percentunchanged

NCLH Norwegian Cruise Line Hldgs Norwegian Cruise Line HldgsNCLH Seth Klarman's holding in Norwegian Cruise Line Hldgs over time	3.01%	7,730,000	$163.18M 3.01%	increased 112.95 percentadded

PCVX Vaxcyte Inc Vaxcyte IncPCVX Seth Klarman's holding in Vaxcyte Inc over time	0%	0.00	$0.00 0%	decreased 100 percentsold off

QSR Restaurant Brands Intl Inc Restaurant Brands Intl Inc QSR Seth Klarman's holding in Restaurant Brands Intl Inc over time	9.04%	6,753,110	$489.61M 9.04%	decreased 16.42 percentreduced

TFX Teleflex Incorporated Teleflex IncorporatedTFX Seth Klarman's holding in Teleflex Incorporated over time	3.3%	1,409,000	$178.60M 3.3%	decreased 11.66 percentreduced

UNP Union Pac Corp Union Pac CorpUNP Seth Klarman's holding in Union Pac Corp over time	5.95%	1,185,400	$322.43M 5.95%	decreased 23.08 percentreduced

V Visa Inc Visa IncV Seth Klarman's holding in Visa Inc over time	4.44%	701,355	$240.63M 4.44%	unchanged 0 percentunchanged