Hedge Fund · CIK 0001061768

Seth Klarman

Baupost Group

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 filings View holdings

Portfolio

$5.28B

Positions

22

Quarter

2025Q4

Filings tracked

40

1Y+19.7%3Y+59.6%5Y+50.2%Full performance →

Quarter

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

Capital flow per quarter

BuysSellsNet

Latest · 2025Q4

+$263M

Lifetime buys

$12.12B

Lifetime sells

$14.92B

Quarter activity

What changed in 2025Q2 — net new, added, trimmed, exited.

New positions3 names

FISVFISERV INC
+895,000
$154K
G0250XAMCOR PLC
+5,500,000
$51K
G68707PAGSEGURO DIGITAL LTD
+2,500,000
$24K

Added to9 names

ELVANTHEM INC
+370,000
$144K
G25508CRH PLC
+1,131,000
$104K
GOOGALPHABET INC
+556,000
$99K
DGDOLLAR GEN CORP NEW
+562,000
$64K
LBRDKLIBERTY BROADBAND CORP
+575,000
$57K
WCCWESCO INTL INC
+202,000
$37K
FISFIDELITY NATL INFORMATION SV
+296,764
$24K
QSRRESTAURANT BRANDS INTL INC
+163,000
$11K
G4412GHERBALIFE NUTRITION LTD
+159,318
$1K

Trimmed4 names

G96629WILLIS TOWERS WATSON PLC LTD
−211,483
$65K
EXPEAGLE MATLS INC
−233,376
$47K
GDSGDS HLDGS LTD
−1,000,000
$31K
VSATVIASAT INC
−1,000,000
$15K

Exited3 names

SOLVSOLVENTUM CORP
−1,053,240
$80K
G21810CLARIVATE PLC
−10,777,863
$42K
SGITEMPUR SEALY INTL INC
−703,349
$42K

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