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Hedge fund · Long-only 13F filer

Baupost Group

$5.4B+$300.5M vs prior 13FUS long stock positions · not assets under managementSEC EDGAR · 13F-HR · filed 13 August 2026

Baupost Group's latest 13F filing covers the quarter ended 30 June 2026 and was filed 13 August 2026 (44 days after quarter end): 23 disclosed US-listed positions — $5.4 billion in long stock. Three new buys, two adds, three trims and two exits against the prior quarter. Holdings are up to 45 days old by the time they clear EDGAR.

Portfolio · vs S&P 500Baupost GroupS&P 500
Sept 2025Baupost Group +13% · S&P: +12%

The line rebuilds Baupost Group's disclosed 13F holdings at each filing and holds them to the next, tracked against the S&P 500 where daily price history overlaps. Long US equity only — an illustrative read, not an audited return.

S&P 500 overlay: Finazon · prior-day close, most closes dollar-rounded at the source

Portfolio · vs S&P 500Baupost GroupS&P 500
Sept 2024Baupost Group +54% · S&P from Sept 2025: +12%

The line rebuilds Baupost Group's disclosed 13F holdings at each filing and holds them to the next, tracked against the S&P 500 where daily price history overlaps. Long US equity only — an illustrative read, not an audited return.

S&P 500 overlay: Finazon · prior-day close, most closes dollar-rounded at the source

Long stock value$5.4B
Positions23
Top holdingAMZN · 16.5%
Top sectorConsumer Cyclical 35%
New buys · Q2 20263
Exits · Q2 20262

Portfolio reconstructed from SEC EDGAR 13F filings · values as reported · as of Q2 2026

Top holdings — quarter ended 30 June 2026

Largest 15 of 23 positions
PositionValueWeightSharesLast quarter
AMZNAMAZON COM INC$892.3M16.5%3.7MHeld
ELVELEVANCE HEALTH INC FORMERLY$493.1M9.1%1.3MHeld
QSRRESTAURANT BRANDS INTL INC$489.6M9.0%6.8MHeld
GOOGALPHABET INC$484.7M9.0%1.4MHeld
FERGFERGUSON ENTERPRISES INC$344.3M6.4%1.5MHeld
GPCGENUINE PARTS CO$332.3M6.1%2.8MAdded
UNPUNION PAC CORP$322.4M6.0%1.2MHeld
VVISA INC$240.6M4.4%701.4KHeld
WCCWESCO INTL INC$229.0M4.2%662.9KTrimmed
AONAON PLC$227.9M4.2%687.0KHeld
TFXTELEFLEX INCORPORATED$178.6M3.3%1.4MHeld
NCLHNORWEGIAN CRUISE LINE HLDGS$163.2M3.0%7.7MAdded
MOHMOLINA HEALTHCARE INC$144.9M2.7%633.6KHeld
CMECME GROUP INC$136.7M2.5%619.0KNew buy
HLFHERBALIFE LTD$121.8M2.2%9.3MHeld

Quarterly changes — quarter ended 30 June 2026

10 changes vs prior quarter
New buys3
Adds2
Trims3
Exits2

What changed against the previous quarter's filing: new positions first, then adds, trims and exits, each sorted by position size.

PositionChangeShares movedValue after
CMECME GROUP INCNew buy+619.0K$136.7M
AXTAAXALTA COATING SYS LTDNew buy+1.3M$43.6M
PERSHING SQUARE INCNew buy+392.0K$12.9M
GPCGENUINE PARTS COAdded+1.3M$332.3M
NCLHNORWEGIAN CRUISE LINE HLDGSAdded+4.1M$163.2M
WCCWESCO INTL INCTrimmed−774.0K$229.0M
EXPEAGLE MATLS INCTrimmed−362.0K$119.4M
LBTYKLIBERTY GLOBAL LTDTrimmed−4.9M$94.0M
WTWWILLIS TOWERS WATSON PLC LTDSold out−893.1Kwas $259.6M
PCVXVAXCYTE INCSold out−800.0Kwas $46.5M

Sector allocation

Consumer Cyclical35%
Healthcare15%
Financial Services11%
Technology11%
Industrials10%
Other / unclassified8%
Basic Materials3%
Consumer Defensive2%
Real Estate2%
Communication Services2%
Energy1%

Holdings by sector

Consumer Cyclical carries the largest share of disclosed value, at 35%.

Consumer Cyclical35%
AMZN · GPC · NCLH · QSR
Healthcare15%
ELV · MOH · TFX
Financial Services11%
AON · CME · V
Technology11%
GDS · GOOG
Industrials10%
UNP · WCC
Other / unclassified8%
AERO · FERG
Basic Materials3%
AXTA · EXP
Consumer Defensive2%
HLF
Real Estate2%
COLD
Communication Services2%
LBTYK
Energy1%
DNOW
What is Baupost Group's biggest holding?

As of the quarter ended 30 June 2026, the largest disclosed position was AMZN (AMAZON COM INC), about 16.5% of the disclosed US-listed portfolio by reported value.

What did Seth Klarman's Baupost Group buy in Q2 2026?

3 new positions were disclosed for the quarter ended 30 June 2026: CME, AXTA, PERSHING SQUARE INC. Adds and trims are listed in the quarterly-changes table on this page.

How concentrated is the portfolio?

Fairly concentrated. The top five positions are 50% of disclosed value and the top ten are 75%.

When is Baupost Group's next 13F due?

13F filings for the quarter ended 30 September 2026 are due by 16 November 2026 — managers have 45 days after each calendar quarter ends. Whether Baupost Group files is up to the manager; we show whatever EDGAR receives.

Does this show the whole portfolio?

No. Form 13F covers US-listed long equity and some options only — no short bets, bonds, cash, private businesses, non-US holdings or timing inside the quarter. Amended filings replace originals; this page always shows the latest canonical version.

Read the form itself on SEC EDGAR or see our plain-words guide to 13F filings — Baupost Group may have already changed these positions since 30 June 2026.

Baupost Group 13F portfolio — holdings and quarterly moves · The Distributed