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 2025Q3 — net new, added, trimmed, exited.

New positions4 names

UNPUNION PAC CORP
+1,496,204
$354K
GPCGENUINE PARTS CO
+1,395,000
$193K
COLDAMERICOLD RLTY TR
+3,600,000
$44K
CABO 1.125 03/15/28CABLE ONE INC
+14,100,000
$12K

Added to4 names

QSRRESTAURANT BRANDS INTL INC
+4,203,300
$270K
ELVANTHEM INC
+703,000
$227K
EXPEAGLE MATLS INC
+263,403
$61K
FERGFERGUSON ENTERPRISES INC
+23,500
$5K

Trimmed5 names

GOOGALPHABET INC
−775,850
$189K
WCCWESCO INTL INC
−704,421
$149K
G96629WILLIS TOWERS WATSON PLC LTD
−225,119
$78K
G25508CRH PLC
−442,000
$53K
G61188LIBERTY GLOBAL LTD
−3,000,000
$35K

Exited5 names

VSATVIASAT INC
−9,190,728
$134K
LBRDKLIBERTY BROADBAND CORP
−745,610
$73K
G4705AICON PLC
−405,000
$59K
G0250XAMCOR PLC
−5,500,000
$51K
LBRDALIBERTY BROADBAND CORP
−7,560
$740

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