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K
Klarman
Baupost Group LLC
Latest 13F: Q1 2026
Filed May 14, 2026
Seth Klarman's value-oriented hedge fund
13F filings have a ~45-day lag. Positions may have changed since the filing date.
Positions
22
New Buys
6
Sold
7
Increased
9
Decreased
4
Total Value
$5.1B
Sector Allocation
Latest Trades (Quarter-over-Quarter Changes)
| ACTION | SYMBOL | NAME | SHARES CHG | VALUE | WEIGHT % |
|---|---|---|---|---|---|
| DECREASED | LBTYK | LIBERTY GLOBAL LTD |
-7,487,534
avg ~$11.73
·
~$87.8M
|
$157.2M | 3.1% |
| SOLD | FIS | -4,503,801 | -- | -- | |
| INCREASED | COLD | AMERICOLD REALTY TRUST INC |
+4,305,115
avg ~$11.46
·
~$49.3M
|
$89.2M | 1.7% |
| NEW | NCLH | NORWEGIAN CRUISE LINE HLDGS |
+3,630,000
avg ~$18.70
·
~$67.9M
|
$67.9M | 1.3% |
| NEW | DNOW | DNOW INC |
+3,625,000
avg ~$11.91
·
~$43.2M
|
$43.2M | 0.8% |
| SOLD | FI | -2,200,000 | -- | -- | |
| SOLD | LBTYA | -2,080,456 | -- | -- | |
| SOLD | DG | -2,062,821 | -- | -- | |
| NEW | TFX | TELEFLEX INCORPORATED |
+1,595,000
avg ~$119.61
·
~$190.8M
|
$190.8M | 3.7% |
| SOLD | CRH | -1,072,957 | -- | -- | |
| INCREASED | AMZN | AMAZON COM INC |
+997,363
avg ~$208.27
·
~$207.7M
|
$649.5M | 12.7% |
| NEW | PCVX | VAXCYTE INC |
+800,000
avg ~$58.11
·
~$46.5M
|
$46.5M | 0.9% |
| NEW | AON | AON PLC |
+769,000
avg ~$322.78
·
~$248.2M
|
$248.2M | 4.9% |
| NEW | V | VISA INC |
+701,355
avg ~$302.24
·
~$212.0M
|
$212.0M | 4.1% |
| DECREASED | WTW | WILLIS TOWERS WATSON PLC LTD |
-464,475
avg ~$290.70
·
~$135.0M
|
$259.6M | 5.1% |
| INCREASED | FERG | FERGUSON ENTERPRISES INC |
+305,376
avg ~$233.26
·
~$71.2M
|
$336.5M | 6.6% |
| DECREASED | EXP | EAGLE MATLS INC |
-292,485
avg ~$189.45
·
~$55.4M
|
$169.1M | 3.3% |
| SOLD | TBN | -257,226 | -- | -- | |
| INCREASED | GOOG | ALPHABET INC |
+93,950
avg ~$286.86
·
~$27.0M
|
$338.8M | 6.6% |
| DECREASED | UNP | UNION PAC CORP |
-86,259
avg ~$242.62
·
~$20.9M
|
$373.9M | 7.3% |
| INCREASED | AERO | GRUPO AEROMEXICO SAB DE CV |
+25,008
avg ~$14.01
·
~$350,359
|
$68.4M | 1.3% |
| INCREASED | WCC | WESCO INTL INC |
+18,050
avg ~$273.62
·
~$4.9M
|
$393.2M | 7.7% |
| INCREASED | MOH | MOLINA HEALTHCARE INC |
+8,609
avg ~$133.30
·
~$1.1M
|
$84.5M | 1.7% |
| INCREASED | ELV | ELEVANCE HEALTH INC FORMERLY |
+5,852
avg ~$292.75
·
~$1.7M
|
$373.3M | 7.3% |
| INCREASED | GPC | GENUINE PARTS CO |
+4,260
avg ~$105.75
·
~$450,494
|
$157.6M | 3.1% |
Full Holdings (22 positions)
| SYMBOL | NAME | SHARES | VALUE | WEIGHT % | ACTION |
|---|---|---|---|---|---|
| AMZN | AMAZON COM INC |
3,118,754
$208.27/sh
cost $168.57 (+23.6%)
|
$649.5M | 12.7% | INCREASED |
| QSR | RESTAURANT BRANDS INTL INC |
8,080,112
$73.91/sh
cost $65.27 (+13.2%)
|
$597.2M | 11.7% | UNCHANGED |
| WCC | WESCO INTL INC |
1,436,881
$273.62/sh
cost $177.69 (+54.0%)
|
$393.2M | 7.7% | INCREASED |
| UNP | UNION PAC CORP |
1,540,995
$242.62/sh
cost $232.92 (+4.2%)
|
$373.9M | 7.3% | DECREASED |
| ELV | ELEVANCE HEALTH INC FORMERLY |
1,275,154
$292.75/sh
cost $354.17 (-17.3%)
|
$373.3M | 7.3% | INCREASED |
| GOOG | ALPHABET INC |
1,181,131
$286.86/sh
cost $257.73 (+11.3%)
|
$338.8M | 6.6% | INCREASED |
| FERG | FERGUSON ENTERPRISES INC |
1,442,411
$233.26/sh
cost $196.65 (+18.6%)
|
$336.5M | 6.6% | INCREASED |
| WTW | WILLIS TOWERS WATSON PLC LTD |
893,126
$290.70/sh
cost $258.17 (+12.6%)
|
$259.6M | 5.1% | DECREASED |
| AON | AON PLC |
769,000
$322.78/sh
cost $322.78 (+0.0%)
|
$248.2M | 4.9% | NEW |
| V | VISA INC |
701,355
$302.24/sh
cost $302.24 (+0.0%)
|
$212.0M | 4.1% | NEW |
| TFX | TELEFLEX INCORPORATED |
1,595,000
$119.61/sh
cost $119.61 (+0.0%)
|
$190.8M | 3.7% | NEW |
| EXP | EAGLE MATLS INC |
892,763
$189.45/sh
cost $233.79 (-19.0%)
|
$169.1M | 3.3% | DECREASED |
| GPC | GENUINE PARTS CO |
1,490,348
$105.75/sh
cost $133.92 (-21.0%)
|
$157.6M | 3.1% | INCREASED |
| LBTYK | LIBERTY GLOBAL LTD |
13,397,247
$11.73/sh
cost $21.21 (-44.7%)
|
$157.2M | 3.1% | DECREASED |
| HLF | HERBALIFE LTD |
9,259,844
$14.72/sh
cost $9.58 (+53.7%)
|
$136.3M | 2.7% | UNCHANGED |
| GDS | GDS HLDGS LTD |
3,044,818
$40.29/sh
cost $22.12 (+82.1%)
|
$122.7M | 2.4% | UNCHANGED |
| COLD | AMERICOLD REALTY TRUST INC |
7,780,800
$11.46/sh
cost $11.82 (-3.0%)
|
$89.2M | 1.7% | INCREASED |
| MOH | MOLINA HEALTHCARE INC |
633,609
$133.30/sh
cost $172.99 (-22.9%)
|
$84.5M | 1.7% | INCREASED |
| AERO | GRUPO AEROMEXICO SAB DE CV |
4,880,188
$14.01/sh
cost $21.92 (-36.1%)
|
$68.4M | 1.3% | INCREASED |
| NCLH | NORWEGIAN CRUISE LINE HLDGS |
3,630,000
$18.70/sh
cost $18.70 (+0.0%)
|
$67.9M | 1.3% | NEW |
| PCVX | VAXCYTE INC |
800,000
$58.11/sh
cost $58.11 (+0.0%)
|
$46.5M | 0.9% | NEW |
| DNOW | DNOW INC |
3,625,000
$11.91/sh
cost $11.91 (+0.0%)
|
$43.2M | 0.8% | NEW |