Hedge Fund · CIK 0001061768

Seth Klarman

Baupost Group
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Seth Klarman runs Baupost Group, a hedge fund overseeing $5.3M in disclosed equity holdings (SEC CIK 0001061768). The latest 13F filing (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 170.3% since 2016Q1. OpenStocks tracks 40 consecutive 13F filings for this manager — every position change, new entry, and exit is logged below.

Track Seth's filingsView holdings
Portfolio
$5.28M
Positions
22
Quarter
2025Q4
Filings tracked
40
5Y+108.8%Full performance →
Quarter
2025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q1
Capital flow per quarter
BuysSellsNet
+$1.26B+$631M$0-$631M-$1.26B'22Q1'22Q2'22Q3'22Q4'23Q1'23Q2'23Q3'23Q4'24Q1'24Q2'24Q3'24Q4'25Q1'25Q2'25Q3'25Q4
Latest · 2025Q4
+$263K
Lifetime buys
$1.26B
Lifetime sells
$2.51B

Quarter activity

What changed in 2023Q3 — net new, added, trimmed, exited.
New positions8 names
  • LM0CLIBERTY MEDIA CORP DEL
    +14,851,048
    $378K
  • 531229LIBERTY MEDIA CORP DEL
    +8,177,656
    $208K
  • G25508CRH PLC
    +3,345,543
    $183K
  • G21810CLARIVATE PLC
    +22,500,000
    $151K
  • M87915TOWER SEMICONDUCTOR LTD
    +2,850,000
    $70K
  • JJACOBS SOLUTIONS INC
    +487,786
    $67K
  • LLYVA*LIBERTY MEDIA CORP DEL
    +1,979,167
    $63K
  • LLYVK*LIBERTY MEDIA CORP DEL
    +1,902,472
    $61K
Added to3 names
  • G96629WILLIS TOWERS WATSON PLC LTD
    +653,300
    $137K
  • DGDOLLAR GEN CORP NEW
    +685,000
    $72K
  • FISFIDELITY NATL INFORMATION SV
    +185,219
    $10K
Trimmed11 names
  • EDUNEW ORIENTAL ED & TECHNOLOGY
    −3,095,512
    $181K
  • QRVOQORVO INC
    −1,682,091
    $161K
  • GTXGARRETT MOTION INC
    −20,083,300
    $158K
  • SSNCSS&C TECHNOLOGIES HLDGS INC
    −1,421,794
    $75K
  • G5480ULIBERTY GLOBAL PLC
    −2,693,299
    $50K
  • GOOGALPHABET INC
    −288,242
    $38K
  • 00791NADVANTAGE SOLUTIONS INC
    −4,497,387
    $13K
  • COIN 0.5 06/01/26COINBASE GLOBAL INC
    −16,500,000
    $12K
  • G4412GHERBALIFE NUTRITION LTD
    −260,855
    $4K
  • VSATVIASAT INC
    −114,120
    $2K
  • TMQTRILOGY METALS INC NEW
    −1,077,843
    $528
Exited5 names
  • LSXMKUSDLIBERTY MEDIA CORP DEL
    −14,851,048
    $486K
  • LM03LIBERTY MEDIA CORP DEL
    −8,177,656
    $268K
  • AMZNAMAZON COM INC
    −963,946
    $126K
  • UNPUNION PAC CORP
    −175,000
    $36K
  • 12626KCRH PLC
    −56,543
    $3K

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