Hedge Fund · CIK 0001061768

Seth Klarman

Baupost Group

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 filings View holdings

Portfolio

$5.28M

Positions

22

Quarter

2025Q4

Filings tracked

40

5Y+108.8%Full performance →

Quarter

2025Q4 2025Q3 2025Q2 2025Q1 2024Q4 2024Q3 2024Q2 2024Q1 2023Q4 2023Q3 2023Q2 2023Q1

Capital flow per quarter

BuysSellsNet

Latest · 2025Q4

+$263K

Lifetime buys

$1.26B

Lifetime sells

$2.51B

Quarter activity

What changed in 2025Q1 — net new, added, trimmed, exited.

New positions4 names

FISFIDELITY NATL INFORMATION SV
+3,492,947
$261K
ELVANTHEM INC
+246,000
$107K
G4705AICON PLC
+405,000
$71K
SGITEMPUR SEALY INTL INC
+703,349
$42K

Added to6 names

GOOGALPHABET INC
+652,000
$102K
WCCWESCO INTL INC
+569,930
$89K
QSRRESTAURANT BRANDS INTL INC
+984,862
$66K
EXPEAGLE MATLS INC
+271,410
$60K
G25508CRH PLC
+52,993
$5K
DGDOLLAR GEN CORP NEW
+44,076
$4K

Trimmed6 names

G61188LIBERTY GLOBAL LTD
−14,796,040
$177K
G96629WILLIS TOWERS WATSON PLC LTD
−311,081
$105K
G21810CLARIVATE PLC
−25,501,342
$100K
SOLVSOLVENTUM CORP
−393,060
$30K
VSATVIASAT INC
−2,031,862
$21K
G61188LIBERTY GLOBAL LTD
−124,682
$1K

Exited3 names

867975SUNRISE COMMUNICATIONS AG
−2,335,263
$101K
HUMHUMANA INC
−346,000
$88K
GPCGENUINE PARTS CO
−315,337
$37K

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