Seth Klarman Holdings Activity

Baupost Group Portfolio 13F

Baupost Group has disclosed a total of 25 changes to the portfolio in the latest (2026 Q1) SEC report(s): increased the number of shares of 9, bought 6 totally new, decreased the number of shares of 4 and completely sold out 6 position(s).

What stocks is Seth Klarman buying now?

In the recent quarter Seth Klarman has bought 15 securities out of which top 5 purchases (by % change to portfolio) are (AON) AON PLC-CLASS A (new buy), (V) VISA INC-CLASS A SHARES (new buy), (AMZN) AMAZONCOM INC (added shares +47.01%), (TFX) TELEFLEX INC (new buy) and (FERG) FERGUSON ENTERPRISES INC (added shares +26.86%).

What does Seth Klarman invest in?

Seth Klarman's top 5 holdings (by % of portfolio) are (AMZN) AMAZONCOM INC (12.7%), (QSR) RESTAURANT BRANDS INTERN (11.67%), (WCC) WESCO INTERNATIONAL INC (7.69%), (UNP) UNION PACIFIC CORP (7.31%) and (ANTM) ANTHEM INC (7.3%).

In the latest report(s) the following changes have been made to the top investments: (AMZN) AMAZONCOM INC (added shares +47.01%), (WCC) WESCO INTERNATIONAL INC (added shares +1.27%), (UNP) UNION PACIFIC CORP (reduced shares -5.3%) and (ANTM) ANTHEM INC (added shares +0.46%).

History
Ticker
Stock
%
Activity
Share
Change
% change to
Portfolio
Reported
Price*
% difference
Current Price
% of
Portfolio
2026 Q1 (25 results)
AON
AON PLC-CLASS A
buy
+769,000
+4.85%
$322.78
13.81% $367.35
4.85%
DNOW
NOW INC
buy
+3,625,000
+0.84%
$11.91
9.57% $13.05
0.84%
PCVX
VAXCYTE INC
buy
+800,000
+0.91%
$58.11
1.86% $57.03
0.91%
NCLH
NORWEGIAN CRUISE LINE HOLDIN
buy
+3,630,000
+1.33%
$18.70
4.97% $19.63
1.33%
V
VISA INC-CLASS A SHARES
buy
+701,355
+4.14%
$302.24
18.37% $357.75
4.14%
TFX
TELEFLEX INC
buy
+1,595,000
+3.73%
$119.61
14.04% $136.40
3.73%
COLD
AMERICOLD REALTY TRUST
+123.86%
+4,305,115
+0.96%
$11.46
36.91% $15.69
1.74%
AMZN
AMAZONCOM INC
+47.01%
+997,363
+4.06%
$208.27
18.74% $247.31
12.70%
FERG
FERGUSON ENTERPRISES INC
+26.86%
+305,376
+1.39%
$233.26
-
6.58%
GOOG
ALPHABET INC-CL C
+8.64%
+93,950
+0.53%
$286.86
22.24% $350.67
6.62%
MOH
MOLINA HEALTHCARE INC
+1.38%
+8,609
+0.02%
$133.30
82.21% $242.88
1.65%
WCC
WESCO INTERNATIONAL INC
+1.27%
+18,050
+0.10%
$273.62
20.91% $330.84
7.69%
AERO
GRUPO AEROMEXICO SAB DE CV
+0.52%
+25,008
+0.01%
$14.01
-
1.34%
ANTM
ANTHEM INC
+0.46%
+5,852
+0.03%
$292.75
-
7.30%
GPC
GENUINE PARTS CO
+0.29%
+4,260
+0.01%
$105.75
16.80% $123.52
3.08%
UNP
UNION PACIFIC CORP
-5.30%
-86,259
-0.41%
$242.62
19.17% $289.13
7.31%
EXP
EAGLE MATERIALS INC
-24.68%
-292,485
-1.08%
$189.45
8.28% $205.14
3.31%
WLTW
WILLIS TOWERS WATSON PLC
-34.21%
-464,475
-2.64%
$290.70
-
5.08%
LBTYK
LIBERTY GLOBAL LTD-C
-35.85%
-7,487,534
-1.72%
$11.73
-
3.07%
LBTYA
LIBERTY GLOBAL LTD-A
-100.00%
-2,080,456
-0.45%
$11.14
-
0.00%
DG
DOLLAR GENERAL CORP
-100.00%
-2,062,821
-5.35%
$132.77
7.03% $123.44
0.00%
TBN
TAMBORAN RESOURCES CORP
-100.00%
-257,226
-0.14%
$27.23
16.46% $31.71
0.00%
FIS
FIDELITY NATIONAL INFO SERV
-100.00%
-4,503,801
-5.85%
$66.46
36.91% $41.93
0.00%
FISV
FISERV INC
-100.00%
-2,200,000
-2.89%
$67.17
23.81% $51.18
0.00%
CRH
CRH PLC
-100.00%
-1,072,957
-2.62%
$124.80
17.70% $102.71
0.00%
2025 Q4 (23 results)
MOH
MOLINA HEALTHCARE INC
buy
+625,000
+2.05%
$173.54
39.96% $242.88
2.05%
AMZN
AMAZONCOM INC
buy
+2,121,391
+9.28%
$230.82
7.14% $247.31
9.28%
AERO
GRUPO AEROMEXICO SAB DE CV
buy
+4,855,180
+2.02%
$21.96
-
2.02%
FISV
FISERV INC
+145.81%
+1,305,000
+1.66%
$67.17
23.81% $51.18
0.00%
EXP
EAGLE MATERIALS INC
+26.14%
+245,588
+0.96%
$206.68
0.75% $205.14
4.64%
WLTW
WILLIS TOWERS WATSON PLC
+24.66%
+268,536
+1.67%
$328.60
-
8.45%
HLF
HERBALIFE NUTRITION LTD
+19.33%
+1,500,000
+0.37%
$12.89
1.63% $13.10
2.26%
FIS
FIDELITY NATIONAL INFO SERV
+18.84%
+714,090
+0.90%
$66.46
36.91% $41.93
0.00%
UNP
UNION PACIFIC CORP
+8.76%
+131,050
+0.57%
$231.32
24.99% $289.13
7.13%
GPC
GENUINE PARTS CO
+6.53%
+91,088
+0.21%
$122.96
0.46% $123.52
3.46%
FERG
FERGUSON ENTERPRISES INC
-1.60%
-18,465
-0.08%
$222.63
-
4.80%
QSR
RESTAURANT BRANDS INTERN
-2.09%
-172,750
-0.22%
$68.23
10.75% $75.57
10.44%
COLD
AMERICOLD REALTY TRUST
-3.45%
-124,315
-0.03%
$12.86
22.01% $15.69
0.85%
LBTYK
LIBERTY GLOBAL LTD-C
-3.57%
-773,022
-0.16%
$11.04
-
4.37%
ANTM
ANTHEM INC
-3.77%
-49,698
-0.33%
$350.55
-
8.43%
WCC
WESCO INTERNATIONAL INC
-5.61%
-84,349
-0.39%
$244.64
35.24% $330.84
6.58%
GDS
GDS HOLDINGS LTD - ADR
-6.31%
-205,134
-0.14%
$34.90
-
2.01%
DG
DOLLAR GENERAL CORP
-22.65%
-604,055
-1.52%
$132.77
7.03% $123.44
0.00%
GOOG
ALPHABET INC-CL C
-41.49%
-770,957
-4.58%
$313.80
11.75% $350.67
6.46%
TBN
TAMBORAN RESOURCES CORP
-54.94%
-313,607
-0.16%
$27.23
16.46% $31.71
0.00%
LBTYA
LIBERTY GLOBAL LTD-A
-59.02%
-2,996,306
-0.63%
$11.14
-
0.00%
CRH
CRH PLC
-68.29%
-2,310,438
-5.46%
$124.80
17.70% $102.71
0.00%
PAGS
PAGSEGURO DIGITAL LTD-CL A
-100.00%
-2,500,000
-0.47%
$10.00
7.20% $9.28
0.00%
48 of 1,257

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.

Value or Price - If the security is completely sold out, we show the reported value (or price) prior to the actual period.