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Baupost Group 13F holdings, Q2 2026
Baupost Group (value investment firm led by Seth Klarman) reported 23 US-listed positions worth $5.4B in its
Form 13F for the quarter ended June 30, 2026, filed with the SEC on August 13, 2026.
Compared with Q1 2026, the filing shows 3 new positions, 5 increased, 9 reduced, and 2 exited.
Reported value$5.4B
Positions23
New / exited3 / 2
Quarter endedQ2 2026
Largest holdings
| Company | Value | Weight | Shares |
|---|
| Amazon Com Inc | $892.3M | 16.5% | 3,743,854 |
| Elevance Health Inc Formerly | $493.1M | 9.1% | 1,275,154 |
| Restaurant Brands Intl Inc | $489.6M | 9.0% | 6,753,112 |
| Alphabet Inc | $484.7M | 9.0% | 1,371,931 |
| Ferguson Enterprises Inc | $344.3M | 6.4% | 1,450,594 |
| Genuine Parts Co | $332.3M | 6.1% | 2,816,178 |
| Union Pac Corp | $322.4M | 6.0% | 1,185,395 |
| Visa Inc | $240.6M | 4.4% | 701,355 |
| Wesco Intl Inc | $229.0M | 4.2% | 662,881 |
| Aon Plc | $227.9M | 4.2% | 687,000 |
| Teleflex Incorporated | $178.6M | 3.3% | 1,409,000 |
| Norwegian Cruise Line Hldgs | $163.2M | 3.0% | 7,730,000 |
| Molina Healthcare Inc | $144.9M | 2.7% | 633,609 |
| Cme Group Inc | $136.7M | 2.5% | 619,000 |
| Herbalife Ltd | $121.8M | 2.2% | 9,259,844 |
| Eagle Matls Inc | $119.4M | 2.2% | 530,763 |
| Gds Hldgs Ltd | $113.2M | 2.1% | 3,769,818 |
| Americold Realty Trust Inc | $107.4M | 2.0% | 6,830,230 |
| Liberty Global Ltd | $94.0M | 1.7% | 8,543,161 |
| Grupo Aeromexico Sab De Cv | $87.8M | 1.6% | 4,880,188 |
| Axalta Coating Sys Ltd | $43.6M | 0.8% | 1,274,356 |
| Dnow Inc | $36.2M | 0.7% | 2,788,000 |
| Pershing Square Inc | $12.9M | 0.2% | 392,000 |
New positions in Q2 2026
| Company | Value | Shares |
| Cme Group Inc | $136.7M | 619,000 |
| Axalta Coating Sys Ltd | $43.6M | 1,274,356 |
| Pershing Square Inc | $12.9M | 392,000 |
Positions increased
| Company | Value | Share change | Shares |
| Amazon Com Inc | $892.3M | +20% | 3,743,854 |
| Alphabet Inc | $484.7M | +16% | 1,371,931 |
| Genuine Parts Co | $332.3M | +89% | 2,816,178 |
| Norwegian Cruise Line Hldgs | $163.2M | +113% | 7,730,000 |
| Gds Hldgs Ltd | $113.2M | +24% | 3,769,818 |
Positions reduced
| Company | Value | Share change | Shares |
| Restaurant Brands Intl Inc | $489.6M | -16% | 6,753,112 |
| Union Pac Corp | $322.4M | -23% | 1,185,395 |
| Wesco Intl Inc | $229.0M | -54% | 662,881 |
| Aon Plc | $227.9M | -11% | 687,000 |
| Teleflex Incorporated | $178.6M | -12% | 1,409,000 |
| Eagle Matls Inc | $119.4M | -41% | 530,763 |
| Americold Realty Trust Inc | $107.4M | -12% | 6,830,230 |
| Liberty Global Ltd | $94.0M | -36% | 8,543,161 |
| Dnow Inc | $36.2M | -23% | 2,788,000 |
Positions exited (held in Q1 2026)
| Company | Value in Q1 2026 | Shares |
| Willis Towers Watson Plc Ltd | $259.6M | 893,126 |
| Vaxcyte Inc | $46.5M | 800,000 |
How to read this. A Form 13F lists long positions in US-listed securities at
quarter-end. It is filed up to 45 days later and does not show short positions, most derivatives, non-US holdings, cash, or
trades made after the quarter ended, so it is a historical snapshot—not a current portfolio. Values are as reported in the
filing. This page is not investment advice and does not suggest buying or selling any security.
Source: SEC EDGAR filing (Q2 2026), previous filing (Q1 2026). Updated 2026-09-29.