Seth Klarman's portfolio
Seth Klarman's Baupost Group portfolio: $5.4M across 23 stocks as of Q2 2026. Top holdings AMZN, ELV, QSR, GOOGL, FERG. Latest buys and sells from the 13F filed Aug 13, 2026.
Top holdings
| Stock | % of portfolio | Value | Shares | Change |
|---|---|---|---|---|
| AMZN AMAZON COM INC | 16.5% | $892.3K | 3.7M | Added |
| ELV ELEVANCE HEALTH INC FORMERLY | 9.1% | $493.1K | 1.3M | Held |
| QSR RESTAURANT BRANDS INTL INC | 9.0% | $489.6K | 6.8M | Trimmed |
| GOOGL ALPHABET INC | 9.0% | $484.7K | 1.4M | Added |
| FERG FERGUSON ENTERPRISES INC | 6.4% | $344.3K | 1.5M | Added |
| GPC GENUINE PARTS CO | 6.1% | $332.3K | 2.8M | Added |
| UNP UNION PAC CORP | 6.0% | $322.4K | 1.2M | Trimmed |
| V VISA INC | 4.4% | $240.6K | 701,355 | Held |
| WCC WESCO INTL INC | 4.2% | $229.0K | 662,881 | Trimmed |
| AON PLC | 4.2% | $227.9K | 687,000 | Trimmed |
| TFX TELEFLEX INCORPORATED | 3.3% | $178.6K | 1.4M | Trimmed |
| NORWEGIAN CRUISE LINE HLDGS | 3.0% | $163.2K | 7.7M | Added |
| MOH MOLINA HEALTHCARE INC | 2.7% | $144.9K | 633,609 | Held |
| CME CME GROUP INC | 2.5% | $136.7K | 619,000 | New |
| HERBALIFE LTD | 2.2% | $121.8K | 9.3M | Held |
| EXP EAGLE MATLS INC | 2.2% | $119.4K | 530,763 | Trimmed |
| GDS GDS HLDGS LTD | 2.1% | $113.2K | 3.8M | Added |
| COLD AMERICOLD REALTY TRUST INC | 2.0% | $107.4K | 6.8M | Trimmed |
| LIBERTY GLOBAL LTD | 1.7% | $94.0K | 8.5M | Trimmed |
| AERO GRUPO AEROMEXICO SAB DE CV | 1.6% | $87.8K | 4.9M | Held |
| AXALTA COATING SYS LTD | 0.8% | $43.6K | 1.3M | New |
| DNOW DNOW INC | 0.7% | $36.2K | 2.8M | Trimmed |
| PS PERSHING SQUARE INC | 0.2% | $12.9K | 392,000 | New |
Biggest buys (Q2 2026)
| Stock | Action | Trade value | Shares now | Weight |
|---|---|---|---|---|
| GPC GENUINE PARTS CO | Added | $156.4K | 2.8M | 6.1% |
| AMZN AMAZON COM INC | Added | $149.0K | 3.7M | 16.5% |
| CME CME GROUP INC | New | $136.7K | 619,000 | 2.5% |
| NORWEGIAN CRUISE LINE HLDGS | Added | $86.6K | 7.7M | 3.0% |
| GOOGL ALPHABET INC | Added | $67.4K | 1.4M | 9.0% |
| AXALTA COATING SYS LTD | New | $43.6K | 1.3M | 0.8% |
| GDS GDS HLDGS LTD | Added | $21.8K | 3.8M | 2.1% |
| PS PERSHING SQUARE INC | New | $12.9K | 392,000 | 0.2% |
| FERG FERGUSON ENTERPRISES INC | Added | $1.9K | 1.5M | 6.4% |
Biggest sells (Q2 2026)
| Stock | Action | Trade value | Shares now | Weight |
|---|---|---|---|---|
| WCC WESCO INTL INC | Trimmed | $267.4K | 662,881 | 4.2% |
| UNP UNION PAC CORP | Trimmed | $96.7K | 1.2M | 6.0% |
| QSR RESTAURANT BRANDS INTL INC | Trimmed | $96.2K | 6.8M | 9.0% |
| EXP EAGLE MATLS INC | Trimmed | $81.5K | 530,763 | 2.2% |
| LIBERTY GLOBAL LTD | Trimmed | $53.4K | 8.5M | 1.7% |
| AON PLC | Trimmed | $27.2K | 687,000 | 4.2% |
| TFX TELEFLEX INCORPORATED | Trimmed | $23.6K | 1.4M | 3.3% |
| COLD AMERICOLD REALTY TRUST INC | Trimmed | $14.9K | 6.8M | 2.0% |
| DNOW DNOW INC | Trimmed | $10.9K | 2.8M | 0.7% |
Source: SEC Form 13F-HR for the quarter ending June 30, 2026, filed August 13, 2026; compared with Q1 2026. Long US equity positions only.
Frequently asked questions
What does Seth Klarman own?
As of Q2 2026, Baupost Group's largest holdings are AMZN (16.5%), ELV (9.1%), QSR (9.0%), GOOGL (9.0%), FERG (6.4%). The top 10 positions make up 75% of the $5.4M portfolio.
What did Seth Klarman buy last quarter?
In Q2 2026, Baupost Group's largest purchases were GPC (added, $156.4K), AMZN (added, $149.0K), CME (new, $136.7K), NORWEGIAN CRUISE LINE HLDGS (added, $86.6K).
What did Seth Klarman sell last quarter?
Baupost Group's largest sales in Q2 2026 were WCC (trimmed, $267.4K), UNP (trimmed, $96.7K), QSR (trimmed, $96.2K), EXP (trimmed, $81.5K).
When is Seth Klarman's next 13F filing?
13F reports are due 45 days after each quarter ends. The latest filing, for Q2 2026, was filed on August 13, 2026.