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 2024Q2 — net new, added, trimmed, exited.
New positions5 names
  • HUMHUMANA INC
    +420,000
    $157K
  • SOLVSOLVENTUM CORP
    +1,820,000
    $96K
  • WSCWILLSCOT MOBIL MINI HLDNG CO
    +2,470,000
    $93K
  • G1890LCAPRI HOLDINGS LIMITED
    +1,000,000
    $33K
  • VRSNVERISIGN INC
    +105,764
    $19K
Added to9 names
  • G25508CRH PLC
    +1,517,059
    $114K
  • WCCWESCO INTL INC
    +597,276
    $95K
  • FTREFORTREA HLDGS INC
    +2,836,563
    $66K
  • G21810CLARIVATE PLC
    +8,331,233
    $47K
  • G50871JAZZ PHARMACEUTICALS PLC
    +440,552
    $47K
  • G4412GHERBALIFE NUTRITION LTD
    +2,879,603
    $30K
  • G96629WILLIS TOWERS WATSON PLC LTD
    +96,981
    $25K
  • EXPEAGLE MATLS INC
    +80,102
    $17K
  • GDSGDS HLDGS LTD
    +1,649,952
    $15K
Trimmed7 names
  • GOOGALPHABET INC
    −1,888,064
    $346K
  • FISFIDELITY NATL INFORMATION SV
    −2,069,715
    $156K
  • LM0CLIBERTY MEDIA CORP DEL
    −3,292,432
    $73K
  • 531229LIBERTY MEDIA CORP DEL
    −2,077,462
    $46K
  • G8807BTHERAVANCE BIOPHARMA INC
    −2,394,105
    $20K
  • VSATVIASAT INC
    −1,271,474
    $16K
  • JJACOBS SOLUTIONS INC
    −12,568
    $2K
Exited3 names
  • WBDWARNER BROS DISCOVERY INC
    −3,713,930
    $32K
  • OPTUALTICE USA INC
    −4,774,615
    $12K
  • SOUNSOUNDHOUND AI INC
    −1,130,636
    $6K

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