Seth Klarman's Portfolio

Baupost Group 13F holdings

What is Seth Klarman's portfolio?

Baupost Group has disclosed a total of 20 security holdings in their (2025 Q3) SEC 13F filing(s) with portfolio value of $4,762,903,000.

What stocks does Seth Klarman own?

In Seth Klarman's portfolio as of 30 Sep 2025, the top 5 holdings are (QSR) RESTAURANT BRANDS INTERN (11.11%), (GOOG) ALPHABET INC-CL C (9.50%), (ANTM) ANTHEM INC (8.95%), (CRH) CRH PLC (8.52%) and (WLTW) WILLIS TOWERS WATSON PLC (7.90%).

To see the historical data of Baupost Group's portfolio holdings please click on the "2025 Q3" dropdown menu and select the date.

To see Baupost Group's original 13F reports (2025 Q3), please click on the "important" button.

Portfolio value: $4,762M+
Period: 2025 Q3
Number of stock: 20
Update: 13 Nov 2025
Important
History
Ticker
Stock
% of
Portfolio
Shares*
Reported
Price*
% difference
Current Price
Value
% (shares)
Activity
% change to
Portfolio
GOOG
ALPHABET INC-CL C
9.50%
1,858,138
$243.55
50.18% $365.76
$452,550,000
-29.46% (-775,850)
-3.97%
COLD
AMERICOLD REALTY TRUST
0.93%
3,600,000
$12.24
20.18% $14.71
$44,064,000
buy
+0.93%
ANTM
ANTHEM INC
8.95%
1,319,000
$323.12
-
$426,195,000
+114.12% (+703,000)
+4.77%
CRH
CRH PLC
8.52%
3,383,395
$119.90
12.38% $105.06
$405,669,000
-11.55% (-442,000)
-1.11%
DG
DOLLAR GENERAL CORP
5.79%
2,666,876
$103.35
0.34% $103.70
$275,622,000
EXP
EAGLE MATERIALS INC
4.60%
939,660
$233.04
8.72% $212.72
$218,978,000
+38.95% (+263,403)
+1.29%
FERG
FERGUSON ENTERPRISES INC
5.45%
1,155,500
$224.58
-
$259,502,000
+2.08% (+23,500)
+0.11%
FIS
FIDELITY NATIONAL INFO SERV
5.25%
3,789,711
$65.94
37.90% $40.95
$249,894,000
FISV
FISERV INC
2.42%
895,000
$128.93
57.78% $54.43
$115,392,000
GDS
GDS HOLDINGS LTD - ADR
2.64%
3,249,952
$38.70
-
$125,773,000
GPC
GENUINE PARTS CO
4.06%
1,395,000
$138.60
29.18% $98.15
$193,347,000
buy
+4.06%
HLF
HERBALIFE NUTRITION LTD
1.38%
7,759,844
$8.44
35.43% $11.43
$65,493,000
LBTYA
LIBERTY GLOBAL LTD-A
1.22%
5,076,762
$11.46
-
$58,180,000
LBTYK
LIBERTY GLOBAL LTD-C
5.34%
21,657,803
$11.75
-
$254,479,000
-12.17% (-3,000,000)
-0.74%
PAGS
PAGSEGURO DIGITAL LTD-CL A
0.52%
2,500,000
$10.00
14.70% $8.53
$25,000,000
QSR
RESTAURANT BRANDS INTERN
11.11%
8,252,862
$64.14
13.28% $72.66
$529,337,000
+103.80% (+4,203,300)
+5.66%
TBN
TAMBORAN RESOURCES CORP
0.33%
570,833
$27.38
29.92% $35.57
$15,629,000
UNP
UNION PACIFIC CORP
7.43%
1,496,204
$236.37
15.21% $272.32
$353,658,000
buy
+7.43%
WCC
WESCO INTERNATIONAL INC
6.68%
1,503,180
$211.50
67.52% $354.31
$317,923,000
-31.91% (-704,421)
-3.13%
WLTW
WILLIS TOWERS WATSON PLC
7.90%
1,089,065
$345.45
-
$376,218,000
-17.13% (-225,119)
-1.63%
20 of 20

Completely sold out

History
Ticker
Stock
Sold
Shares*
% change to
Portfolio
AMCR
AMCOR PLC
5,500,000
-1.06%
ICLR
ICON PLC
405,000
-1.24%
LBRDA
LIBERTY BROADBAND-A
7,560
-0.02%
LBRDK
LIBERTY BROADBAND-C
745,610
-1.54%
VSAT
VIASAT INC
9,190,728
-2.82%

Shares, change to shares, sold shares - split-adjusted.

Reported price - this doesn't represent the actual buy or sell price.
It is the split-adjusted price of the security as of the last day of the reported period.