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Built from publicly disclosed institutional and insider activity. Informational purposes only - not investment advice.OpenStocks · v0.1
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  1. Home/
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  3. Seth Klarman (Baupost Group)
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Hedge Fund · CIK 0001061768

Seth Klarman

Baupost Group
Share
  • Consumer-Focused
  • Mid-Size Fund

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%Since filing+161.8%Full performance →
Quarter
2025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q1

Holdings

Sorted by value · 2025Q2
23 positions
1
GOOGALPHABET INC
Communication Services·Internet Content & Information
11.31%
of portfolio
Number of shares
2,633,988 sh
Holdings current value
$467.24M
Avg closing price
$158.61
+114.0%
Last action
Trimmed 22.6%
2025Q4
Current $339.40
2
WCCWESCO INTL INC
Industrials·Industrial Distribution
9.90%
of portfolio
Number of shares
2,207,601 sh
Holdings current value
$408.85M
Avg closing price
$165.07
+93.3%
Last action
Trimmed 3.7%
2025Q4
Current $319.06
3
G96629103WILLIS TOWERS WATSON PLC LTD
9.75%
of portfolio
Number of shares
1,314,184 sh
Holdings current value
$402.80M
Avg closing price
$247.73
Last action
Added 25.7%
2025Q4
Current —
4
G25508105CRH PLC
8.50%
of portfolio
Number of shares
3,825,395 sh
Holdings current value
$351.17M
Avg closing price
$71.21
Last action
Trimmed 37.7%
2025Q4
Current —
5
FISFIDELITY NATL INFORMATION SV
Technology·Information Technology Services
7.47%
of portfolio
Number of shares
3,789,711 sh
Holdings current value
$308.52M
Avg closing price
$70.51
-31.2%
Last action
Added 23.2%
2025Q4
Current $48.50
6
DGDOLLAR GEN CORP NEW
Consumer Defensive·Discount Stores
7.39%
of portfolio
Number of shares
2,666,876 sh
Holdings current value
$305.04M
Avg closing price
$102.70
+23.3%
Last action
Trimmed 18.5%
2025Q4
Current $126.68
7
QSRRESTAURANT BRANDS INTL INC
Consumer Cyclical·Restaurants
6.50%
of portfolio
Number of shares
4,049,562 sh
Holdings current value
$268.44M
Avg closing price
$64.87
+20.7%
Last action
Trimmed 4.1%
2025Q4
Current $78.32
8
G61188127LIBERTY GLOBAL LTD
6.16%
of portfolio
Number of shares
24,657,803 sh
Holdings current value
$254.22M
Avg closing price
$18.64
Last action
Trimmed 3.0%
2025Q4
Current —
9
FERGFERGUSON ENTERPRISES INC
Industrials·Industrial Distribution
5.97%
of portfolio
Number of shares
1,132,000 sh
Holdings current value
$246.49M
Avg closing price
$174.61
+49.2%
Last action
Trimmed 1.6%
2025Q4
Current $260.49
10
ELVANTHEM INC
Healthcare·Healthcare Plans
5.80%
of portfolio
Number of shares
616,000 sh
Holdings current value
$239.60M
Avg closing price
$362.45
-10.9%
Last action
Trimmed 7.5%
2025Q4
Current $323.05
11
FISVFISERV INC
3.74%
of portfolio
Number of shares
895,000 sh
Holdings current value
$154.31M
Avg closing price
$93.21
-31.4%
Last action
Added
2025Q4
Current $63.97
12
EXPEAGLE MATLS INC
Basic Materials·Building Materials
3.31%
of portfolio
Number of shares
676,257 sh
Holdings current value
$136.68M
Avg closing price
$237.87
-15.4%
Last action
Added 57.0%
2025Q4
Current $201.28
13
VSATVIASAT INC
Technology·Communication Equipment
3.25%
of portfolio
Number of shares
9,190,728 sh
Holdings current value
$134.19M
Avg closing price
$66.35
-5.3%
Last action
Exited
2025Q3
Current $62.85
14
GDSGDS HLDGS LTDADR
Technology·Information Technology Services
2.41%
of portfolio
Number of shares
3,249,952 sh
Holdings current value
$99.35M
Avg closing price
$7.67
+482.4%
Last action
Trimmed 5.9%
2025Q4
Current $44.70
15
LBRDKLIBERTY BROADBAND CORP
Communication Services·Telecom Services
1.78%
of portfolio
Number of shares
745,610 sh
Holdings current value
$73.35M
Avg closing price
$93.55
-41.0%
Last action
Exited
2025Q3
Current $55.23
16
G4412G101HERBALIFE NUTRITION LTD
1.62%
of portfolio
Number of shares
7,759,844 sh
Holdings current value
$66.89M
Avg closing price
$10.57
Last action
Added 24.0%
2025Q4
Current —
17
G4705A100ICON PLC
1.43%
of portfolio
Number of shares
405,000 sh
Holdings current value
$58.91M
Avg closing price
$174.99
Last action
Exited
2025Q3
Current —
18
G61188101LIBERTY GLOBAL LTD
1.23%
of portfolio
Number of shares
5,076,762 sh
Holdings current value
$50.82M
Avg closing price
$17.77
Last action
Trimmed 37.1%
2025Q4
Current —
19
G0250X107AMCOR PLC
1.22%
of portfolio
Number of shares
5,500,000 sh
Holdings current value
$50.55M
Avg closing price
$9.19
Last action
Exited
2025Q3
Current —
20
G68707101PAGSEGURO DIGITAL LTD
0.58%
of portfolio
Number of shares
2,500,000 sh
Holdings current value
$24.10M
Avg closing price
$9.64
Last action
Exited
2025Q4
Current —
21
HLF 4.25 06/15/28HERBALIFE LTD
0.38%
of portfolio
Number of shares
17,129,000 sh
Holdings current value
$15.62M
Avg closing price
$0.73
Last action
Exited
2025Q4
Current —
22
TBNTAMBORAN RES CORP
0.29%
of portfolio
Number of shares
570,833 sh
Holdings current value
$12.17M
Avg closing price
$20.32
+76.0%
Last action
Trimmed 35.5%
2025Q4
Current $35.76
23
LBRDALIBERTY BROADBAND CORP
Communication Services·Telecom Services
0.02%
of portfolio
Number of shares
7,560 sh
Holdings current value
$740.0K
Avg closing price
$76.85
-28.3%
Last action
Exited
2025Q3
Current $55.13

Portfolio heatmap

Box size = % of portfolio · color = return since filing
GOOG
11.31% · +91.3%
WCC
9.90% · +72.3%
WILLIS TOWERS WATSON PLC LTD
9.75%
CRH PLC
8.50%
FIS
7.47% · -40.4%
DG
7.39% · +10.8%
QSR
6.50% · +18.1%
LIBERTY GLOBAL LTD
6.16%
FERG
5.97% · +19.6%
ELV
5.80% · -16.9%
FISV
3.74% · -62.9%
EXP
3.31% · -0.4%
VSAT
3.25% · +330.5%
GDS
2.41% · +46.2%
LBRDK
1.78% · -43.9%
HERBALIFE NUTRITION LTD
1.62%
ICON PLC
1.43%
LIBERTY GLOBAL LTD
1.23%
AMCOR PLC
1.22%
PAGSEGURO DIGITAL LTD
0.58%
HLF 4.25 06/15/28
0.38%
TBN
0.29% · +67.7%
LBRDA
0.02% · -43.7%

Sector exposure

Share of dollar value across the latest reported portfolio. Unclassified positions excluded.
  • Industrials2 pos$655.3M24.4%
  • Technology3 pos$542.1M20.2%
  • Communication Services3 pos$541.3M20.1%
  • Consumer Defensive1 pos$305.0M11.3%
  • Consumer Cyclical1 pos$268.4M10.0%
  • Healthcare1 pos$239.6M8.9%
  • Basic Materials1 pos$136.7M5.1%
(34.9% unclassified, excluded from %)