Hedge Fund · CIK 0001061768

Seth Klarman

Baupost Group
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Seth Klarman runs Baupost Group, a hedge fund overseeing $5.28B in disclosed equity holdings (SEC CIK 0001061768). The latest portfolio (2025Q4) discloses 22 positions across 8 sectors, with the largest positions in QSR, AMZN and WILLIS TOWERS WATSON PLC LTD. On a mark-to-market basis the tracked portfolio has returned 19.7% over the past year. OpenStocks tracks 40 consecutive quarterly snapshots for this manager — every position change, new entry, and exit is logged below.

Track Seth's filingsView holdings
Portfolio
$5.28B
Positions
22
Quarter
2025Q4
Filings tracked
40
1Y+19.7%3Y+59.6%5Y+50.2%Full performance →
Quarter
2025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q1
Capital flow per quarter
BuysSellsNet
+$2.18B+$1.09B$0-$1.09B-$2.18B'22Q1'22Q2'22Q3'22Q4'23Q1'23Q2'23Q3'23Q4'24Q1'24Q2'24Q3'24Q4'25Q1'25Q2'25Q3'25Q4
Latest · 2025Q4
+$263M
Lifetime buys
$12.12B
Lifetime sells
$14.92B

Quarter activity

What changed in 2023Q1 — net new, added, trimmed, exited.
New positions3 names
  • SWKSSKYWORKS SOLUTIONS INC
    +703,865
    $83K
  • G50871JAZZ PHARMACEUTICALS PLC
    +478,696
    $70K
  • G7997RSEAGATE TECHNOLOGY HLDNGS PL
    +136,077
    $9K
Added to9 names
  • GOOGALPHABET INC
    +1,857,500
    $193K
  • FISFIDELITY NATL INFORMATION SV
    +2,686,549
    $146K
  • LSXMKUSDLIBERTY MEDIA CORP DEL
    +1,200,000
    $34K
  • LM03LIBERTY MEDIA CORP DEL
    +500,000
    $14K
  • COIN 0.5 06/01/26COINBASE GLOBAL INC
    +20,000,000
    $13K
  • OPTUALTICE USA INC
    +894,415
    $3K
  • ATRAGBXATARA BIOTHERAPEUTICS INC
    +1,000,000
    $3K
  • GTNGRAY TELEVISION INC
    +250,000
    $2K
  • 31773DFINCH THERAPEUTICS GROUP INC
    +1,000,000
    $393
Trimmed11 names
  • FISVFISERV INC
    −1,469,009
    $166K
  • QRVOQORVO INC
    −1,082,153
    $110K
  • G96629WILLIS TOWERS WATSON PLC LTD
    −422,241
    $98K
  • WBDWARNER BROS DISCOVERY INC
    −5,764,906
    $87K
  • LADLITHIA MTRS INC
    −184,957
    $42K
  • SSNCSS&C TECHNOLOGIES HLDGS INC
    −498,319
    $28K
  • DBRGDIGITALBRIDGE GROUP INC
    −1,967,799
    $24K
  • EDUNEW ORIENTAL ED & TECHNOLOGY
    −375,144
    $14K
  • G8807BTHERAVANCE BIOPHARMA INC
    −1,000,000
    $11K
  • TMQTRILOGY METALS INC NEW
    −3,718,939
    $2K
  • G4412GHERBALIFE NUTRITION LTD
    −45,800
    $737
Exited6 names
  • METAMETA PLATFORMS INC
    −1,727,851
    $208K
  • MUMICRON TECHNOLOGY INC
    −3,285,974
    $164K
  • AMZNAMAZON COM INC
    −990,000
    $83K
  • NUVBNUVATION BIO INC
    −4,808,194
    $9K
  • 75737FREDFIN CORP
    −8,480,000
    $5K
  • TEADOUTBRAIN INC
    −153,231
    $555

Recent transactions

Last 20 moves
TRIM
Seth Klarman (Baupost Group) trimmed QSR
RESTAURANT BRANDS INTL INC
−172,750
~$0.07 · 2025Q4
2026-02-13
TRIM
Seth Klarman (Baupost Group) trimmed WCC
WESCO INTL INC
−84,349
~$0.24 · 2025Q4
2026-02-13
SOLD
Seth Klarman (Baupost Group) exited HLF 4.25 06/15/28
HERBALIFE LTD
−17,129,000
~$0.00 · 2025Q4
2026-02-13
NEW
Seth Klarman (Baupost Group) opened a new position in MOH
MOLINA HEALTHCARE INC
+625,000
~$0.17 · 2025Q4
2026-02-13
ADD
Seth Klarman (Baupost Group) added to GPC
GENUINE PARTS CO
+91,088
~$0.12 · 2025Q4
2026-02-13
ADD
Seth Klarman (Baupost Group) added to UNP
UNION PAC CORP
+131,050
~$0.23 · 2025Q4
2026-02-13
TRIM
Seth Klarman (Baupost Group) trimmed FERG
FERGUSON ENTERPRISES INC
−18,465
~$0.22 · 2025Q4
2026-02-13
NEW
Seth Klarman (Baupost Group) opened a new position in AERO
GRUPO AEROMEXICO SAB DE CV
+4,855,180
~$0.02 · 2025Q4
2026-02-13
NEW
Seth Klarman (Baupost Group) opened a new position in AMZN
AMAZON COM INC
+2,121,391
~$0.23 · 2025Q4
2026-02-13
ADD
Seth Klarman (Baupost Group) added to FIS
FIDELITY NATL INFORMATION SV
+714,090
~$0.07 · 2025Q4
2026-02-13
TRIM
Seth Klarman (Baupost Group) trimmed COLD
AMERICOLD RLTY TR
−124,315
~$0.01 · 2025Q4
2026-02-13
TRIM
Seth Klarman (Baupost Group) trimmed GDS
GDS HLDGS LTD
−205,134
~$0.03 · 2025Q4
2026-02-13
SOLD
Seth Klarman (Baupost Group) exited CABO 1.125 03/15/28
CABLE ONE INC
−14,100,000
~$0.00 · 2025Q4
2026-02-13
TRIM
Seth Klarman (Baupost Group) trimmed TBN
TAMBORAN RES CORP
−313,607
~$0.03 · 2025Q4
2026-02-13
TRIM
Seth Klarman (Baupost Group) trimmed DG
DOLLAR GEN CORP NEW
−604,055
~$0.13 · 2025Q4
2026-02-13
TRIM
Seth Klarman (Baupost Group) trimmed ELV
ANTHEM INC
−49,698
~$0.35 · 2025Q4
2026-02-13
ADD
Seth Klarman (Baupost Group) added to EXP
EAGLE MATLS INC
+245,588
~$0.21 · 2025Q4
2026-02-13
ADD
Seth Klarman (Baupost Group) added to FISV
FISERV INC
+1,305,000
~$0.07 · 2025Q4
2026-02-13
TRIM
Seth Klarman (Baupost Group) trimmed GOOG
ALPHABET INC
−770,957
~$0.31 · 2025Q4
2026-02-13
TRIM
Seth Klarman (Baupost Group) trimmed G25508105
CRH PLC
−2,310,438
~$0.12 · 2025Q4
2026-02-13