Baupost Group’s Eagle Materials EXP Stock Holding History

Baupost Group’s Portfolio EXP Stock Details EXP Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$169M	Sell	892,763 -292,485	-25%	-$62.2M	3.31%	12
2025 Q4	$245M	Buy	1,185,248 +245,588	+26%	+$54.2M	4.64%	11
2025 Q3	$219M	Buy	939,660 +263,403	+39%	+$59.7M	4.57%	12
2025 Q2	$137M	Sell	676,257 -233,376	-26%	-$50.3M	3.31%	12
2025 Q1	$202M	Buy	909,633 +271,410	+43%	+$64.4M	5.77%	8
2024 Q4	$157M	Buy	638,223 +137,950	+28%	+$39.8M	4.59%	9
2024 Q3	$144M	Buy	500,273 +158,171	+46%	+$39.5M	4.09%	10
2024 Q2	$74.4M	Buy	342,102 +80,102	+31%	+$19.6M	2.05%	15
2024 Q1	$71.2M	Buy	+262,000	New	+$61.9M	1.95%	14

Other funds holding EXP

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

VPM

Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM

AllianceBernstein Nashville, Tennessee $309B AUM 23.92% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

BCIM

Black Creek Investment Management Toronto, Ontario, Canada $1.86B AUM 15.33% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Neuberger Berman Group New York $131B AUM 28.36% 1-Year Est. Return

Baupost Group's EXP Position: Q1 2026 in Review

Baupost Group reduced its Eagle Materials (EXP) stake by 25% in Q1 2026, selling an estimated $62.2M and leaving 892,763 shares worth $169M. The position accounts for 3.31% of the portfolio, ranked #12.

Baupost Group first reported a position in EXP in Q1 2024 and has held it in 9 quarters since. The position peaked at $245M in Q4 2025. 481 funds tracked by Wall St. Rank hold EXP as of Q1 2026.

Baupost Group held 892,763 shares of Eagle Materials worth $169M as of Q1 2026.
Baupost Group sold 292,485 Eagle Materials shares in Q1 2026, an estimated $62.2M.
Eagle Materials made up 3.31% of Baupost Group's portfolio in Q1 2026, its #12 holding.
Baupost Group first reported a position in Eagle Materials in Q1 2024 and has held it in 9 quarters since.
Baupost Group's Eagle Materials position peaked at $245M in Q4 2025.
481 funds tracked by Wall St. Rank held Eagle Materials as of Q1 2026.

Based on Baupost Group's 13F filing for Q1 2026, filed 14 May 2026.