Baupost Group LLC
Net seller this quarter
$5.42B
23
-$275M
74.9%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 AMZN | $892M | 16.48% | 0.03% | +20.0% | Q2 2022 |
 ELV | $493M | 9.11% | 0.59% | Not reported | Q1 2025 |
 QSR | $490M | 9.04% | 1.93% | -16.4% | Q3 2024 |
 GOOG | $485M | 8.95% | Not reported | +16.2% | Q1 2020 |
 FERG | $344M | 6.36% | 0.75% | +0.6% | Q4 2024 |
 GPC | $332M | 6.13% | 2.04% | +89.0% | Q4 2024 |
 UNP | $322M | 5.95% | 0.20% | -23.1% | Q2 2023 |
 V | $241M | 4.44% | 0.04% | Not reported | Q1 2026 |
 WCC | $229M | 4.23% | 1.36% | -53.9% | Q1 2024 |
 AON | $228M | 4.21% | 0.32% | -10.7% | Q1 2026 |
 TFX | $179M | 3.30% | 3.18% | -11.7% | Q1 2026 |
 NCLH | $163M | 3.01% | 1.68% | +113.0% | Q1 2026 |
 MOH | $145M | 2.68% | 1.22% | Not reported | Q4 2025 |
 CME | $137M | 2.52% | 0.19% | New | Q2 2026 |
 HLF | $122M | 2.25% | 8.84% | Not reported | Q4 2022 |
 EXP | $119M | 2.21% | 1.72% | -40.6% | Q1 2024 |
 GDS | $113M | 2.09% | 0.40% | +23.8% | Q1 2024 |
 COLD | $107M | 1.98% | 2.39% | -12.2% | Q3 2025 |
 LBTYK | $94M | 1.74% | Not reported | -36.2% | Q3 2018 |
 AERO | $87.8M | 1.62% | 0.33% | Not reported | Q4 2025 |
 AXTA | $43.6M | 0.81% | 0.60% | New | Q2 2026 |
 DNOW | $36.2M | 0.67% | 1.54% | -23.1% | Q1 2026 |
 PS | $12.9M | 0.24% | 0.10% | New | Q2 2026 |
| Q1 2026 | |||||
| AMZN | $650M | 12.70% | 0.03% | +47.0% | Q2 2022 |
| QSR | $597M | 11.67% | 2.33% | Not reported | Q3 2024 |
| WCC | $393M | 7.69% | 2.95% | +1.3% | Q1 2024 |
| UNP | $374M | 7.31% | 0.26% | -5.3% | Q2 2023 |
| ELV | $373M | 7.30% | 0.59% | +0.5% | Q1 2025 |
| GOOG | $339M | 6.62% | Not reported | +8.6% | Q1 2020 |
| FERG | $336M | 6.58% | 0.74% | +26.9% | Q4 2024 |
 WTW | $260M | 5.08% | 0.94% | -34.2% | Q1 2021 |
| AON | $248M | 4.85% | 0.36% | New | Q1 2026 |
| V | $212M | 4.14% | 0.04% | New | Q1 2026 |
| TFX | $191M | 3.73% | 3.61% | New | Q1 2026 |
| EXP | $169M | 3.31% | 2.86% | -24.7% | Q1 2024 |
| GPC | $158M | 3.08% | 1.08% | +0.3% | Q4 2024 |
| LBTYK | $157M | 3.07% | Not reported | -35.9% | Q3 2018 |
| HLF | $136M | 2.66% | 8.96% | Not reported | Q4 2022 |
| GDS | $123M | 2.40% | 0.32% | Not reported | Q1 2024 |
| COLD | $89.2M | 1.74% | 2.73% | +123.9% | Q3 2025 |
| MOH | $84.5M | 1.65% | 1.22% | +1.4% | Q4 2025 |
| AERO | $68.4M | 1.34% | 0.33% | +0.5% | Q4 2025 |
| NCLH | $67.9M | 1.33% | 0.79% | New | Q1 2026 |
 PCVX | $46.5M | 0.91% | 0.55% | New | Q1 2026 |
| DNOW | $43.2M | 0.84% | 1.98% | New | Q1 2026 |
| Q4 2025 | |||||
| QSR | $551M | 10.44% | 2.33% | -2.1% | Q3 2024 |
| AMZN | $490M | 9.28% | 0.02% | Not reported | Q2 2022 |
| WTW | $446M | 8.45% | 1.42% | +24.7% | Q1 2021 |
| ELV | $445M | 8.43% | 0.58% | -3.8% | Q1 2025 |
| UNP | $376M | 7.13% | 0.27% | +8.8% | Q2 2023 |
| WCC | $347M | 6.58% | 2.92% | -5.6% | Q1 2024 |
| GOOG | $341M | 6.46% | Not reported | -41.5% | Q1 2020 |
 FIS | $299M | 5.67% | 0.87% | +18.8% | Q3 2022 |
 DG | $274M | 5.19% | 0.94% | -22.7% | Q2 2023 |
| FERG | $253M | 4.80% | 0.58% | -1.6% | Q4 2024 |
| EXP | $245M | 4.64% | 3.76% | +26.1% | Q1 2024 |
| LBTYK | $231M | 4.37% | Not reported | -3.6% | Q3 2018 |
| GPC | $183M | 3.46% | 1.08% | +6.5% | Q4 2024 |
 FISV | $148M | 2.80% | 0.41% | +145.8% | Q4 2021 |
 CRH | $134M | 2.54% | 0.16% | -68.3% | Q2 2023 |
| HLF | $119M | 2.26% | 8.96% | +19.3% | Q4 2022 |
| MOH | $108M | 2.05% | 1.23% | New | Q4 2025 |
| AERO | $107M | 2.02% | 0.33% | New | Q4 2025 |
| GDS | $106M | 2.01% | 0.32% | -6.3% | Q1 2024 |
| COLD | $44.7M | 0.85% | 1.22% | -3.5% | Q3 2025 |
| LBTYA | $23.2M | 0.44% | Not reported | -59.0% | Q3 2018 |
 TBN | $7M | 0.13% | 1.22% | -54.9% | Q3 2024 |
| Q3 2025 | |||||
| QSR | $529M | 11.05% | 2.52% | +103.8% | Q3 2024 |
| GOOG | $453M | 9.45% | Not reported | -29.5% | Q1 2020 |
| ELV | $426M | 8.90% | 0.59% | +114.1% | Q1 2025 |
| CRH | $406M | 8.47% | 0.48% | -11.6% | Q2 2023 |
| WTW | $376M | 7.85% | 1.12% | -17.1% | Q1 2021 |
| UNP | $354M | 7.38% | 0.25% | Not reported | Q2 2023 |
| WCC | $318M | 6.64% | 3.09% | -31.9% | Q1 2024 |
| DG | $276M | 5.75% | 1.21% | Not reported | Q2 2023 |
| FERG | $260M | 5.42% | 0.59% | +2.1% | Q4 2024 |
| LBTYK | $254M | 5.31% | Not reported | -12.2% | Q3 2018 |
| FIS | $250M | 5.22% | 0.73% | Not reported | Q3 2022 |
| EXP | $219M | 4.57% | 2.92% | +39.0% | Q1 2024 |
| GPC | $193M | 4.04% | 1.00% | Not reported | Q4 2024 |
| GDS | $126M | 2.63% | 0.35% | Not reported | Q1 2024 |
| FISV | $115M | 2.41% | 0.16% | Not reported | Q4 2021 |
| HLF | $65.5M | 1.37% | 7.52% | Not reported | Q4 2022 |
| LBTYA | $58.2M | 1.21% | Not reported | Not reported | Q3 2018 |
| COLD | $44.1M | 0.92% | 1.26% | New | Q3 2025 |
 PAGS | $25M | 0.52% | 0.95% | Not reported | Q2 2025 |
| TBN | $15.6M | 0.33% | 3.20% | Not reported | Q3 2024 |