Latest BAUPOST GROUP LLC/MA Stock Portfolio
Seth Klarman Performance:
2025 Q3: 6.33%YTD: 8.99%2024: -5.81%
Performance for 2025 Q3 is 6.33%, and YTD is 8.99%, and 2024 is -5.81%.
About Seth Klarman and 13F Hedge Fund Stock Holdings
In it's latest 13F Holdings report, Seth Klarman reported an equity portfolio of $4.8 Billions as of 30 Sep, 2025.
The top stock holdings of BAUPOST GROUP LLC/MA are QSR, GOOG, ELV. The fund has invested 11.1% of it's portfolio in RESTAURANT BRANDS INTL INC and 9.4% of portfolio in ALPHABET INC.
The fund managers got completely rid off VIASAT INC (VSAT), LIBERTY BROADBAND CORP (LBRDA) and ICON PLC stocks. They significantly reduced their stock positions in WESCO INTL INC (WCC), ALPHABET INC (GOOG) and WILLIS TOWERS WATSON PLC LTD (WTW). BAUPOST GROUP LLC/MA opened new stock positions in UNION PAC CORP (UNP), GENUINE PARTS CO (GPC) and AMERICOLD REALTY TRUST INC (COLD). The fund showed a lot of confidence in some stocks as they added substantially to ELEVANCE HEALTH INC FORMERLY (ELV), RESTAURANT BRANDS INTL INC (QSR) and EAGLE MATLS INC (EXP).
The top stock holdings of BAUPOST GROUP LLC/MA are QSR, GOOG, ELV. The fund has invested 11.1% of it's portfolio in RESTAURANT BRANDS INTL INC and 9.4% of portfolio in ALPHABET INC.
The fund managers got completely rid off VIASAT INC (VSAT), LIBERTY BROADBAND CORP (LBRDA) and ICON PLC stocks. They significantly reduced their stock positions in WESCO INTL INC (WCC), ALPHABET INC (GOOG) and WILLIS TOWERS WATSON PLC LTD (WTW). BAUPOST GROUP LLC/MA opened new stock positions in UNION PAC CORP (UNP), GENUINE PARTS CO (GPC) and AMERICOLD REALTY TRUST INC (COLD). The fund showed a lot of confidence in some stocks as they added substantially to ELEVANCE HEALTH INC FORMERLY (ELV), RESTAURANT BRANDS INTL INC (QSR) and EAGLE MATLS INC (EXP).
Seth Klarman Annual Return Estimates Vs S&P 500
Our best estimate is that BAUPOST GROUP LLC/MA made a return of 6.33% in the last quarter. In trailing 12 months, it's portfolio return was -3.71%.
New Buys
| Ticker | $ Bought |
|---|---|
| union pac corp | 353,658,000 |
| genuine parts co | 193,347,000 |
| americold realty trust inc | 44,064,000 |
| cable one inc | 12,068,000 |
New stocks bought by BAUPOST GROUP LLC/MA
Additions
| Ticker | % Inc. |
|---|---|
| elevance health inc formerly | 114 |
| restaurant brands intl inc | 103 |
| eagle matls inc | 38.95 |
| ferguson enterprises inc | 2.08 |
Additions to existing portfolio by BAUPOST GROUP LLC/MA
Reductions
| Ticker | % Reduced |
|---|---|
| wesco intl inc | -31.91 |
| alphabet inc | -29.46 |
| willis towers watson plc ltd | -17.13 |
| liberty global ltd | -12.17 |
| crh plc | -11.55 |
BAUPOST GROUP LLC/MA reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| viasat inc | -134,185,000 |
| amcor plc | -50,545,000 |
| liberty broadband corp | -73,353,000 |
| icon plc | -58,907,000 |
| liberty broadband corp | -740,000 |
BAUPOST GROUP LLC/MA got rid off the above stocks
Sector Distribution
BAUPOST GROUP LLC/MA has about 17.9% of it's holdings in Others sector.
| Sector | % |
|---|---|
| Others | 17.9 |
| Consumer Cyclical | 15.2 |
| Industrials | 14.1 |
| Basic Materials | 13.1 |
| Communication Services | 9.5 |
| Healthcare | 8.9 |
| Financial Services | 7.9 |
| Consumer Defensive | 7.2 |
| Technology | 5.2 |
Market Cap. Distribution
BAUPOST GROUP LLC/MA has about 60% of it's portfolio invested in the large-cap and mega-cap stocks.
| Category | % |
|---|---|
| LARGE-CAP | 50.5 |
| UNALLOCATED | 26.4 |
| MID-CAP | 12.2 |
| MEGA-CAP | 9.5 |
| SMALL-CAP | 1.4 |
Stocks belong to which Index?
About 50.8% of the stocks held by BAUPOST GROUP LLC/MA either belong to S&P 500 or RUSSELL 2000 index.
| Index | % |
|---|---|
| Others | 49.2 |
| S&P 500 | 48.9 |
| RUSSELL 2000 | 1.9 |
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 20 stocks in it's portfolio. About 76.2% of the portfolio is in top 10 stocks. FIS 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 Nov, 2025| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| AMCR | amcor plc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| CABO | cable one inc | 0.25 | 14,100,000 | 12,068,000 | new | |||
| COLD | americold realty trust inc | 0.92 | 3,600,000 | 44,064,000 | new | |||
| CRH | crh plc | 8.47 | 3,383,400 | 405,669,000 | reduced | -11.55 | ||
| DG | dollar gen corp new | 5.75 | 2,666,880 | 275,622,000 | unchanged | 0.00 | ||
| ELV | elevance health inc formerly | 8.90 | 1,319,000 | 426,195,000 | added | 114 | ||
| EXP | eagle matls inc | 4.57 | 939,660 | 218,978,000 | added | 38.95 | ||
| FIS | fidelity natl information sv | 5.22 | 3,789,710 | 249,894,000 | unchanged | 0.00 | ||
| GDS | gds hldgs ltd | 2.62 | 3,249,950 | 125,773,000 | unchanged | 0.00 | ||
| GOOG | alphabet inc | 9.45 | 1,858,140 | 452,550,000 | reduced | -29.46 | ||
| GPC | genuine parts co | 4.04 | 1,395,000 | 193,347,000 | new | |||
| HLF | herbalife ltd | 1.37 | 7,759,840 | 65,493,000 | unchanged | 0.00 | ||
| LBRDA | liberty broadband corp | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| LBRDA | liberty broadband corp | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| LBTYA | liberty global ltd | 5.31 | 21,657,800 | 254,479,000 | reduced | -12.17 | ||
| LBTYA | liberty global ltd | 1.21 | 5,076,760 | 58,180,000 | unchanged | 0.00 | ||
| PAGS | pagseguro digital ltd | 0.52 | 2,500,000 | 25,000,000 | unchanged | 0.00 | ||
| QSR | restaurant brands intl inc | 11.05 | 8,252,860 | 529,337,000 | added | 103 | ||
| UNP | union pac corp | 7.38 | 1,496,200 | 353,658,000 | new | |||
| VSAT | viasat inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||