Hedge fund, long-only 13F filer
Baupost Group
US long stock positions, not assets under management
Form 13F-HR, filed 13 August 2026
Baupost Group has stopped filing, or filed late: its most recent 13F in our EDGAR ingest was filed 13 August 2026, covering the quarter ended 30 June 2026 — 1 reporting quarter behind the newest filing among managers we track. Everything below is that last filing, not a current portfolio.
How has Baupost Group's portfolio moved against the S&P 500?
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 — 5.4B USD 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.
Since Sept 2025Baupost Group +13%S&P 500 from Dec 2025 +9%
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.
Since Sept 2024Baupost Group +54%S&P 500 from Dec 2025 +9%
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.
- Long stock value
- 5.4B USD
- Positions
- 23
- Top holding
- AMZN, 16.5%
- Top sector
- Consumer Cyclical 35%
- New buys, Q2 2026
- 3
- Exits, Q2 2026
- 2
Values as reported, as of Q2 2026
Top holdings — quarter ended 30 June 2026
23 US-listed positions were disclosed for the quarter ended 30 June 2026; the 15 largest by reported value are below.
Source: SEC EDGAR Form 13F-HR, as filed.
| Position | Value | Weight | Shares | Last quarter |
|---|---|---|---|---|
| AMZNAMAZON COM INC | 892.3M USD | 16.5% | 3.7M | Held |
| ELVELEVANCE HEALTH INC FORMERLY | 493.1M USD | 9.1% | 1.3M | Held |
| QSRRESTAURANT BRANDS INTL INC | 489.6M USD | 9.0% | 6.8M | Held |
| GOOGALPHABET INC | 484.7M USD | 9.0% | 1.4M | Held |
| FERGFERGUSON ENTERPRISES INC | 344.3M USD | 6.4% | 1.5M | Held |
| GPCGENUINE PARTS CO | 332.3M USD | 6.1% | 2.8M | Added |
| UNPUNION PAC CORP | 322.4M USD | 6.0% | 1.2M | Held |
| VVISA INC | 240.6M USD | 4.4% | 701.4K | Held |
| WCCWESCO INTL INC | 229.0M USD | 4.2% | 662.9K | Trimmed |
| AONAON PLC | 227.9M USD | 4.2% | 687.0K | Held |
| TFXTELEFLEX INCORPORATED | 178.6M USD | 3.3% | 1.4M | Held |
| NCLHNORWEGIAN CRUISE LINE HLDGS | 163.2M USD | 3.0% | 7.7M | Added |
| MOHMOLINA HEALTHCARE INC | 144.9M USD | 2.7% | 633.6K | Held |
| CMECME GROUP INC | 136.7M USD | 2.5% | 619.0K | New buy |
| HLFHERBALIFE LTD | 121.8M USD | 2.2% | 9.3M | Held |
Quarterly changes — quarter ended 30 June 2026
10 changes vs the prior quarter's filing, as of 30 June 2026: 3 new, 2 added, 3 trimmed and 2 sold out.
What changed against the previous quarter's filing: new positions first, then adds, trims and exits, each sorted by position size.
New buys 3Adds 2Trims 3Exits 2
| Position | Change | Shares moved | Value after |
|---|---|---|---|
| CMECME GROUP INC | New buy | +619.0K | 136.7M USD |
| AXTAAXALTA COATING SYS LTD | New buy | +1.3M | 43.6M USD |
| PERSHING SQUARE INC | New buy | +392.0K | 12.9M USD |
| GPCGENUINE PARTS CO | Added | +1.3M | 332.3M USD |
| NCLHNORWEGIAN CRUISE LINE HLDGS | Added | +4.1M | 163.2M USD |
| WCCWESCO INTL INC | Trimmed | −774.0K | 229.0M USD |
| EXPEAGLE MATLS INC | Trimmed | −362.0K | 119.4M USD |
| LBTYKLIBERTY GLOBAL LTD | Trimmed | −4.9M | 94.0M USD |
| WTWWILLIS TOWERS WATSON PLC LTD | Sold out | −893.1K | was 259.6M USD |
| PCVXVAXCYTE INC | Sold out | −800.0K | was 46.5M USD |
Sector allocation
Consumer Cyclical carries the largest share of disclosed value, at 35%.
Weights are by reported value of the quarter-end holdings; sectors from the reference list, unclassified where none matched.
| Sector | Weight | Holdings |
|---|---|---|
| Consumer Cyclical | 35% | AMZN, GPC, NCLH, QSR |
| Healthcare | 15% | ELV, MOH, TFX |
| Financial Services | 11% | AON, CME, V |
| Technology | 11% | GDS, GOOG |
| Industrials | 10% | UNP, WCC |
| Other / unclassified | 8% | AERO, FERG |
| Basic Materials | 3% | AXTA, EXP |
| Consumer Defensive | 2% | HLF |
| Real Estate | 2% | COLD |
| Communication Services | 2% | LBTYK |
| Energy | 1% | DNOW |
Baupost Group: frequently asked questions
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.
References
- SEC EDGAR Form 13F-HR, quarterly, up to 45 days delayed. Filings are public records. Ticker mapping via SEC public files and OpenFIGI.
- Finazon prior-day close, indicative (IEX-derived, not the official close), some closes dollar-rounded at the source