Baupost Group
Seth Klarman
Period
Q2 2026
Portfolio Date
Jun 30, 2026
Stocks Held
22
Market Value
$5.3B
Holdings Value Trend
Q3 2024
Q4 2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Top 5 Holdings
1
A
$AMZN
Amazon.com, Inc.
16.5%
% of Portfolio
Increased 20.04%
2E
$ELV
Elevance Health, Inc.
9.1%
% of Portfolio
Unchanged
3Q
$QSR
Restaurant Brands International Inc.
9.0%
% of Portfolio
Decreased 16.42%
4G
$GOOG
Alphabet Inc.
8.9%
% of Portfolio
Increased 16.15%
5F
$FERG
Ferguson Enterprises Inc.
6.4%
% of Portfolio
Increased 0.57%
Historical Positions
| Symbol | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|
| AMZN | 16.5% | 12.7% | 9.3% | - |
| ELV | 9.1% | 7.3% | 8.4% | 8.9% |
| QSR | 9.0% | 11.7% | 10.4% | 11.1% |
| GOOG | 8.9% | 6.6% | 6.5% | 9.4% |
| FERG | 6.4% | 6.6% | 4.8% | 5.4% |
| GPC | 6.1% | - | - | - |
| UNP | 6.0% | 7.3% | 7.1% | 7.4% |
| V | 4.4% | 4.1% | - | - |
| WCC | 4.2% | 7.7% | 6.6% | 6.6% |
| AON | 4.2% | 4.8% | - | - |
Post-Filing Contributors
Price change since reported price, ranked by portfolio contribution
AMZN+9.13%
WTW+35.25%
GPC+12.66%
UNP+11.75%
CME+22.66%
Post-Filing Detractors
Price change since reported price, ranked by portfolio contribution
MOH-13.89%
NCLH-20.65%
GOOG-4.28%
Sector Analysis
Others0.2%
Materials3.1%
Financials11.4%
Healthcare15.3%
Technology2.1%
Industrials17.5%
Real Estate2.0%
Consumer Staples2.3%
Trading Summary
All Holdings
1391416
A
$AMZN
16.5%
Increased 20.04%
2E
$ELV
9.1%
Q
$QSR
9.0%
Decreased 16.42%
4G
$GOOG
8.9%
Increased 16.15%
5F
$FERG
6.4%
Increased 0.57%
6G
$GPC
6.1%
Increased 88.96%
7U
$UNP
6.0%
Decreased 23.08%
8V
$V
4.4%
W
$WCC
4.2%
Decreased 53.87%
10A
$AON
4.2%
Decreased 10.66%
11T
$TFX
3.3%
Decreased 11.66%
12N
$NCLH
3.0%
Increased 112.95%
13M
$MOH
2.7%
C
$CME
2.5%
New
15H
$HLF
2.3%
E
$EXP
2.2%
Decreased 40.55%
17G
$GDS
2.1%
Increased 23.81%
18C
$COLD
2.0%
Decreased 12.22%
19L
$LBTYK
1.7%
Decreased 36.23%
20A
$AXTA
0.8%
New
21D
$DNOW
0.7%
Decreased 23.09%
22P
$PS
0.2%
New