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Overview/ Baupost Group Llc/Ma/ Q4 2025

Baupost Group Llc/Ma

Seth Klarman · As of Q4 2025 · filed Feb 13, 2026

Q4 2025

Holdings

22 positions · Δ vs prior quarter
QSR RESTAURANT BRANDS INTERN
$551.3M
10.4%
8,080,112 −172,750 −2.1% Reduced
AMZN AMAZON.COM INC
$489.7M
9.3%
2,121,391 +2,121,391 New
WTW WILLIS TOWERS WATSON PLC
$446.1M
8.5%
1,357,601 +268,536 +24.7% Added
ELV ELEVANCE HEALTH INC
$445.0M
8.4%
1,269,302 −49,698 −3.8% Reduced
UNP UNION PACIFIC CORP
$376.4M
7.1%
1,627,254 +131,050 +8.8% Added
WCC WESCO INTERNATIONAL INC
$347.1M
6.6%
1,418,831 −84,349 −5.6% Reduced
GOOG ALPHABET INC-CL C
$341.2M
6.5%
1,087,181 −770,957 −41.5% Reduced
FIS FIDELITY NATIONAL INFO SERV
$299.3M
5.7%
4,503,801 +714,090 +18.8% Added
DG DOLLAR GENERAL CORP
$273.9M
5.2%
2,062,821 −604,055 −22.7% Reduced
FERG FERGUSON ENTERPRISES INC
$253.1M
4.8%
1,137,035 −18,465 −1.6% Reduced
EXP EAGLE MATERIALS INC
$245.0M
4.6%
1,185,248 +245,588 +26.1% Added
LBTYK LIBERTY GLOBAL LTD-C
$230.6M
4.4%
20,884,781 −773,022 −3.6% Reduced
GPC GENUINE PARTS CO
$182.7M
3.5%
1,486,088 +91,088 +6.5% Added
FISV FISERV INC
$147.8M
2.8%
2,200,000 +1,305,000 +145.8% Added
CRH CRH PLC
$133.9M
2.5%
1,072,957 −2,310,438 −68.3% Reduced
HLF HERBALIFE LTD
$119.4M
2.3%
9,259,844 +1,500,000 +19.3% Added
MOH MOLINA HEALTHCARE INC
$108.5M
2.1%
625,000 +625,000 New
AERO GRUPO AEROMEXICO SAB DE CV
$106.6M
2.0%
4,855,180 +4,855,180 New
GDS GDS HOLDINGS LTD - ADR
$106.3M
2.0%
3,044,818 −205,134 −6.3% Reduced
COLD AMERICOLD REALTY TRUST INC
$44.7M
0.8%
3,475,685 −124,315 −3.5% Reduced
LBTYA LIBERTY GLOBAL LTD-A
$23.2M
0.4%
2,080,456 −2,996,306 −59.0% Reduced
TBN TAMBORAN RESOURCES CORP
$7.0M
0.1%
257,226 −313,607 −54.9% Reduced

Sold positions

3 closed in Q4 2025 · shares & value as of prior filing
Holding Shares sold Prior value
PAGS PAGSEGURO DIGITAL LTD-CL A
2,500,000 $25.0M
HLF 4.25 06/15/28 PRN HERBALIFE LTD
17,129,000 $15.8M
CABO 1.125 03/15/28 PRN CABLE ONE INC
14,100,000 $12.1M

Holdings reflect long positions disclosed in 13F filings only and exclude short positions, cash, and other non-13F assets. Holdings data sourced from SEC EDGAR. Not investment advice. Full disclaimer.