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Baupost Group Portfolio holdings

AUM $5.12B
1-Year Est. Return 15.99%
This Fund
S&P 500
This Quarter Est. Return
-1.65%
1 Year Est. Return
+15.99%
3 Year Est. Return
+34.54%
5 Year Est. Return
+18.79%
10 Year Est. Return
+138.91%
AUM
$3.5B
AUM Growth
+$61.5M
Cap. Flow
+$151M
Cap. Flow %
4.33%
Top 10 Hldgs %
79.29%
Holding
26
New
4
Increased
6
Reduced
6
Closed
3

Top Buys

Rank Stock Value
1
FIS icon
Fidelity National Information Services
FIS
+$263M
2
GOOG icon
Alphabet (Google) Class C
GOOG
+$119M
3
WCC
WESCO International
WCC
+$102M
4
ELV icon
Elevance Health
ELV
+$98.8M
5
ICLR icon
Icon
ICLR
+$78.5M

Top Sells

Rank Stock Value
1
LBTYK icon
Liberty Global Class C
LBTYK
+$178M
2
CLVT icon
Clarivate
CLVT
+$121M
3
WTW icon
Willis Towers Watson
WTW
+$101M
4
SNRE
Sunrise Communications AG American Depositary Shares representing Class A shares
SNRE
+$101M
5
HUM icon
Humana
HUM
+$87.8M

Sector Composition

Rank Sector Weight
1 Communication Services 19.83%
2 Technology 14.79%
3 Financials 14.75%
4 Industrials 14.1%
5 Materials 12.55%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WTW icon
1
Willis Towers Watson
WTW
$30.3B
$516M 14.75%
1,525,667
-311,081
-17% -$101M
GOOG icon
2
Alphabet (Google) Class C
GOOG
$4.07T
$325M 9.29%
2,077,988
+652,000
+46% +$119M
WCC
3
WESCO International
WCC
$15.2B
$311M 8.91%
2,005,601
+569,930
+40% +$102M
LBTYK icon
4
Liberty Global Class C
LBTYK
$3.46B
$295M 8.44%
24,657,803
-14,796,040
-38% -$178M
FIS icon
5
Fidelity National Information Services
FIS
$24B
$261M 7.46%
+3,492,947
New +$263M
QSR icon
6
Restaurant Brands International
QSR
$26.1B
$259M 7.41%
3,886,562
+984,862
+34% +$63.5M
CRH icon
7
CRH
CRH
$66.8B
$237M 6.78%
2,694,395
+52,993
+2% +$5.21M
EXP icon
8
Eagle Materials
EXP
$6.55B
$202M 5.77%
909,633
+271,410
+43% +$64.4M
DG icon
9
Dollar General
DG
$28.3B
$185M 5.29%
2,104,876
+44,076
+2% +$3.34M
FERG icon
10
Ferguson
FERG
$43.4B
$181M 5.19%
1,132,000
– –
GDS icon
11
GDS Holdings
GDS
$5.89B
$108M 3.08%
4,249,952
– –
ELV icon
12
Elevance Health
ELV
$82.9B
$107M 3.06%
+246,000
New +$98.8M
VSAT icon
13
Viasat
VSAT
$9.73B
$106M 3.04%
10,190,728
-2,031,862
-17% -$19.6M
SOLV icon
14
Solventum
SOLV
$15.2B
$80.1M 2.29%
1,053,240
-393,060
-27% -$29.3M
ICLR icon
15
Icon
ICLR
$13.7B
$70.9M 2.03%
+405,000
New +$78.5M
HLF icon
16
Herbalife
HLF
$1.28B
$65.6M 1.88%
7,600,526
– –
LBTYA icon
17
Liberty Global Class A
LBTYA
$3.56B
$58.4M 1.67%
5,076,762
-124,682
-2% -$1.45M
CLVT icon
18
Clarivate
CLVT
$1.33B
$42.4M 1.21%
10,777,863
-25,501,342
-70% -$121M
SGI
19
Somnigroup International
SGI
$14.3B
$42.1M 1.2%
+703,349
New +$42.6M
LBRDK icon
20
Liberty Broadband Class C
LBRDK
$4.87B
$14.5M 0.42%
170,610
– –
TBN
21
Tamboran Resources
TBN
$1.09B
$13.7M 0.39%
570,833
– –
LBRDA icon
22
Liberty Broadband Class A
LBRDA
$4.87B
$643K 0.02%
7,560
– –
GPC icon
23
Genuine Parts
GPC
$17.8B
– –
-315,337
Closed -$36.8M
HUM icon
24
Humana
HUM
$43.8B
– –
-346,000
Closed -$87.8M
SNRE
25
DELISTED
Sunrise Communications AG American Depositary Shares representing Class A shares
SNRE
– –
-2,335,263
Closed -$101M

Similar funds

PA
Perceptive Advisors New York $5.12B AUM 314.02% 1-Year Est. Return
TAM
Todd Asset Management Louisville, Kentucky $5.11B AUM 34.73% 1-Year Est. Return
CIA
Choate Investment Advisors Boston, Massachusetts $5.11B AUM 17.2% 1-Year Est. Return
AC
AKO Capital London, United Kingdom $5.11B AUM 2.56% 1-Year Est. Return
EIC
Equity Investment Corp Atlanta, Georgia $5.11B AUM 8.63% 1-Year Est. Return
CS
Cannell & Spears New York $5.1B AUM 31.77% 1-Year Est. Return
CIC
Carnegie Investment Counsel Pepper Pike, Ohio $5.13B AUM 22.98% 1-Year Est. Return
NC
Nicholas Company Milwaukee, Wisconsin $5.1B AUM 8.43% 1-Year Est. Return

Baupost Group's Q1 2025 Portfolio in Review

As of Q1 2025, Baupost Group held 26 positions worth $3.5B, up 1.8% from $3.43B the previous quarter. Its ten largest holdings account for 79% of the portfolio.

Baupost Group deployed $151M of net new capital in Q1 2025, opening 4 new positions and adding to 6 existing holdings. Its largest new stake was Fidelity National Information Services: 3,492,947 shares worth $261M.

By sector, the portfolio is most concentrated in Communication Services at 20% of assets, down from 28% a quarter earlier, followed by Technology and Financials.

On the sell side, the largest reduction was Liberty Global Class C, an estimated $178M trimmed.

  • Baupost Group's largest Q1 2025 buy was Fidelity National Information Services: 3,492,947 shares worth $261M.
  • Baupost Group added most to Alphabet (Google) Class C in Q1 2025, an estimated $119M increase.
  • Baupost Group's biggest Q1 2025 reduction was Liberty Global Class C, cutting an estimated $178M.
  • Baupost Group fully exited Sunrise Communications AG American Depositary Shares representing Class A shares in Q1 2025, selling an estimated $101M.
  • Baupost Group's ten largest holdings make up 79% of its $3.5B portfolio in Q1 2025.
  • Baupost Group opened 4 new positions and closed 3 in Q1 2025.
  • Baupost Group's portfolio value rose 1.8% quarter-over-quarter to $3.5B.

Based on Baupost Group's 13F filing for Q1 2025, filed 14 May 2025.