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 2024Q1 — net new, added, trimmed, exited.
New positions6 names
  • 69002ROUTBRAIN INC
    +118,000,000
    $103K
  • EXPEAGLE MATLS INC
    +262,000
    $71K
  • WCCWESCO INTL INC
    +205,724
    $35K
  • GDSGDS HLDGS LTD
    +2,600,000
    $17K
  • FTREFORTREA HLDGS INC
    +303,797
    $12K
  • SOUNSOUNDHOUND AI INC
    +1,130,636
    $6K
Added to3 names
  • G21810CLARIVATE PLC
    +5,098,402
    $38K
  • G4412GHERBALIFE NUTRITION LTD
    +565,124
    $6K
  • GOOGALPHABET INC
    +8,114
    $1K
Trimmed8 names
  • LM0CLIBERTY MEDIA CORP DEL
    −10,500,000
    $312K
  • WBDWARNER BROS DISCOVERY INC
    −21,521,164
    $188K
  • 531229LIBERTY MEDIA CORP DEL
    −5,500,000
    $163K
  • FISFIDELITY NATL INFORMATION SV
    −781,750
    $58K
  • G25508CRH PLC
    −636,000
    $55K
  • JJACOBS SOLUTIONS INC
    −221,000
    $34K
  • VSATVIASAT INC
    −1,144,001
    $21K
  • G8807BTHERAVANCE BIOPHARMA INC
    −825,100
    $7K
Exited7 names
  • M87915TOWER SEMICONDUCTOR LTD
    −2,710,852
    $83K
  • LLYVA*LIBERTY MEDIA CORP DEL
    −1,899,547
    $69K
  • SSNCSS&C TECHNOLOGIES HLDGS INC
    −1,028,545
    $63K
  • GTNGRAY TELEVISION INC
    −3,760,000
    $34K
  • GTXGARRETT MOTION INC
    −2,994,289
    $29K
  • LLYVK*LIBERTY MEDIA CORP DEL
    −718,270
    $27K
  • FNCHQFINCH THERAPEUTICS GROUP INC
    −67,296
    $243

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