Baupost Group (Klarman)
Tier 2 · solid recordDeep value
~20% net early → ~4%/yr last decade (private; faded). Large non-equity book invisible to 13F.
Positions
22
as of Q1 2026
Top-5 concentration
47%
of equity portfolio
Latest filing
Q1 2026
13F report date
Reported holdings long US equity, by weight
| Ticker | Sector | Weight | Value | Change |
|---|---|---|---|---|
| AMZN AMAZON COM INC | Consumer Discretionary | 12.7% | $650M | ADD |
| QSR RESTAURANT BRANDS INTL INC | Consumer Discretionary | 11.7% | $597M | HOLD |
| WCC WESCO INTL INC | Other | 7.7% | $393M | ADD |
| UNP UNION PAC CORP | Industrials | 7.3% | $374M | TRIM |
| ELV ELEVANCE HEALTH INC FORMERLY | Financials | 7.3% | $373M | HOLD |
| GOOG ALPHABET INC | Information Technology | 6.6% | $339M | ADD |
| FERG FERGUSON ENTERPRISES INC | Other | 6.6% | $336M | ADD |
| — WILLIS TOWERS WATSON PLC LTD | — | 5.1% | $260M | TRIM |
| — AON PLC | — | 4.9% | $248M | NEW |
| V VISA INC | Industrials | 4.1% | $212M | NEW |
| TFX TELEFLEX INCORPORATED | Health Care | 3.7% | $191M | NEW |
| EXP EAGLE MATLS INC | Industrials | 3.3% | $169M | TRIM |
| GPC GENUINE PARTS CO | Other | 3.1% | $158M | HOLD |
| — LIBERTY GLOBAL LTD | — | 3.1% | $157M | TRIM |
| — HERBALIFE LTD | — | 2.7% | $136M | HOLD |
| GDS GDS HLDGS LTD | Information Technology | 2.4% | $123M | HOLD |
| COLD AMERICOLD REALTY TRUST INC | Real Estate | 1.7% | $89M | ADD |
| MOH MOLINA HEALTHCARE INC | Financials | 1.7% | $84M | ADD |
| AERO GRUPO AEROMEXICO SAB DE CV | Industrials | 1.3% | $68M | ADD |
| — NORWEGIAN CRUISE LINE HLDGS | — | 1.3% | $68M | NEW |
| PCVX VAXCYTE INC | Health Care | 0.9% | $46M | NEW |
| DNOW DNOW INC | Industrials | 0.8% | $43M | NEW |
Weights are share of the manager’s reported long US-equity portfolio (13F). Options, bonds, and non-US/private holdings aren’t reported here. “Change” vs the prior reported quarter.