Seth Klarman portfolio, Baupost Group 13F holdings

Seth Klarman. Quarterly 13F portfolio: every reported position with value, portfolio weight and the change in shares since the prior quarter.

Download CSV

2026-06-30

Quarter ended

$5.42B

Reported value

Positions

New positions

CME Group
Axalta Coating Systems
Pershing Square

Added to

Amazon.com
Alphabet
Ferguson Enterprises
Genuine Parts
Norwegian Cruise Line Holdings

Reduced

Restaurant Brands International
Union Pacific
WESCO International
Aon
Teleflex

Holdings

#	Issuer	Ticker	Value	% of Portfolio	Shares	QoQ Shares
1	Amazon.com	AMZN	$892.3M	16.5%	3.74M	+625.1K
2	Elevance Health	ELV	$493.1M	9.1%	1.28M	0
3	Restaurant Brands International	QSR	$489.6M	9.0%	6.75M	-1.33M
4	Alphabet	GOOG	$484.7M	9.0%	1.37M	+190.8K
5	Ferguson Enterprises	FERG	$344.3M	6.4%	1.45M	+8.2K
6	Genuine Parts	GPC	$332.3M	6.1%	2.82M	+1.33M
7	Union Pacific	UNP	$322.4M	6.0%	1.19M	-355.6K
8	Visa	V	$240.6M	4.4%	701.4K	0
9	WESCO International	WCC	$229.0M	4.2%	662.9K	-774.0K
10	Aon	AON	$227.9M	4.2%	687.0K	-82.0K
11	Teleflex	TFX	$178.6M	3.3%	1.41M	-186.0K
12	Norwegian Cruise Line Holdings	NCLH	$163.2M	3.0%	7.73M	+4.10M
13	Molina Healthcare	MOH	$144.9M	2.7%	633.6K	0
14	CME Group	CME	$136.7M	2.5%	619.0K	+619.0K
15	Herbalife	HLF	$121.8M	2.2%	9.26M	0
16	Eagle Materials	EXP	$119.4M	2.2%	530.8K	-362.0K
17	GDS Holdings	GDS	$113.2M	2.1%	3.77M	+725.0K
18	AMERICOLD REALTY TRUST INC	COLD	$107.4M	2.0%	6.83M	-950.6K
19	Liberty Global	LBTYK	$94.0M	1.7%	8.54M	-4.85M
20	Grupo Aeromexico	AERO	$87.8M	1.6%	4.88M	0
21	Axalta Coating Systems	AXTA	$43.6M	0.8%	1.27M	+1.27M
22	Dnow	DNOW	$36.2M	0.7%	2.79M	-837.0K
23	Pershing Square	PS	$12.9M	0.2%	392.0K	+392.0K

13F filings arrive up to 45 days after quarter end and cover US-listed long positions only. Positions may have changed since. This is observation data, not a recommendation.

What the latest data says

As of the quarter ended 2026-06-30, Baupost Group reported 23 US-listed positions worth $5.42B. The largest is Amazon.com at 16.5% of the reported portfolio, and the top five holdings make up 50% of it, a moderately concentrated book. New this quarter: CME Group, Axalta Coating Systems, Pershing Square. Trimmed: Restaurant Brands International, Union Pacific, WESCO International.

What this data is

Fund holdings (13F) for Baupost Group

Institutional managers with more than $100 million in US equities file a Form 13F within 45 days of each quarter end, listing every long position they held on the last day of the quarter. The site follows a fixed set of 30 managers and turns each filing into a table: the position, its value, its weight in the portfolio and how the share count changed from the previous quarter.

13F data is old by the time it's public, up to 135 days from the trade in the worst case. It won't tell you what a manager did yesterday. It tells you what they own, what they've been building for several quarters, and what they exited.

This page follows Baupost Group only. The full list and the cross-market view live on the Fund holdings (13F) hub.

Source and updates

Source: SEC EDGAR Form 13F filings
Credit: SEC.
Updates: Quarterly. Managers file up to 45 days after quarter end, and new filings show here within a week. Latest quarter 2026-06-30.
History: Quarter ended December 2020.
This series: 23 positions in the quarter ended 2026-06-30 filing; 3 new, 6 increased, 9 reduced.
Get the data: JSON API and CSV download10 requests a minute without a key, 30 with a free key from a free account.

How to read it

The change column is the story. A position built over three quarters is conviction; a position that appeared and vanished was a trade.
Portfolio weight beats dollar value for comparing managers of different sizes.
Treat every 13F number as weeks old and read it for structure, not timing.

Analysis of what the data shows, not advice. XOOMAR does not recommend buying, selling or holding anything.

Frequently Asked Questions

What does Seth Klarman own?

Baupost Group's 13F for the quarter ended 30 June 2026 lists 23 US-listed positions, $5.42B in all. The largest are Amazon.com (16.5%), Elevance Health (9.1%), Restaurant Brands International (9.0%), Alphabet (9.0%), Ferguson Enterprises (6.4%).

What did Seth Klarman buy last quarter?

New positions in the quarter ended 30 June 2026: CME Group, Axalta Coating Systems, Pershing Square. Added to: Amazon.com, Alphabet, Ferguson Enterprises, Genuine Parts, Norwegian Cruise Line Holdings.

What did Seth Klarman sell last quarter?

Reduced in the quarter ended 30 June 2026: Restaurant Brands International, Union Pacific, WESCO International, Aon, Teleflex. Positions sold in full no longer appear in the filing.

How current is Baupost Group's portfolio here?

It reflects the latest 13F-HR filing, which managers submit up to 45 days after each quarter ends. Positions may have changed since.

Why do share counts change quarter to quarter?

The QoQ column shows shares bought or sold versus the prior quarter's filing. A position equal to its change is brand new.

Does this show short positions?

No. 13F filings only disclose US-listed long positions. Puts and calls the manager holds are listed on their own lines, valued at the shares they cover; shorts, bonds and non-US holdings are not reported.

What should I read first?

The change column. The largest holding is usually old news; what was added, trimmed or exited this quarter is where the information is.

Data on this page is provided for informational purposes only and is not financial advice. See our editorial policy.