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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
+7.06%
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
$4.13B
AUM Growth
+$634M
Cap. Flow
+$425M
Cap. Flow %
10.28%
Top 10 Hldgs %
78.75%
Holding
26
New
3
Increased
9
Reduced
4
Closed
3

Top Buys

1
FISV
Fiserv Inc
FISV
+$162M
2
ELV icon
Elevance Health
ELV
+$149M
3
CRH icon
CRH
CRH
+$103M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$91.9M
5
DG icon
Dollar General
DG
+$55.8M

Top Sells

1
SOLV icon
Solventum
SOLV
+$80.1M
2
WTW icon
Willis Towers Watson
WTW
+$65.6M
3
EXP icon
Eagle Materials
EXP
+$50.3M
4
CLVT icon
Clarivate
CLVT
+$42.4M
5
SGI
Somnigroup International
SGI
+$42.1M

Sector Composition

1 Communication Services 20.49%
2 Technology 17.44%
3 Industrials 15.87%
4 Materials 11.81%
5 Financials 9.75%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GOOG icon
1
Alphabet (Google) Class C
GOOG
$4.32T
$467M 11.31%
2,633,988
+556,000
+27% +$91.9M
WCC
2
WESCO International
WCC
$15.9B
$409M 9.9%
2,207,601
+202,000
+10% +$33.3M
WTW icon
3
Willis Towers Watson
WTW
$27.8B
$403M 9.75%
1,314,184
-211,483
-14% -$65.6M
CRH icon
4
CRH
CRH
$70.6B
$351M 8.5%
3,825,395
+1,131,000
+42% +$103M
FIS icon
5
Fidelity National Information Services
FIS
$22B
$309M 7.47%
3,789,711
+296,764
+8% +$23.1M
DG icon
6
Dollar General
DG
$28B
$305M 7.39%
2,666,876
+562,000
+27% +$55.8M
QSR icon
7
Restaurant Brands International
QSR
$26.8B
$268M 6.5%
4,049,562
+163,000
+4% +$10.9M
LBTYK icon
8
Liberty Global Class C
LBTYK
$3.52B
$254M 6.16%
24,657,803
– –
FERG icon
9
Ferguson
FERG
$45.4B
$246M 5.97%
1,132,000
– –
ELV icon
10
Elevance Health
ELV
$80.9B
$240M 5.8%
616,000
+370,000
+150% +$149M
FISV
11
Fiserv Inc
FISV
$27.6B
$154M 3.74%
+895,000
New +$162M
EXP icon
12
Eagle Materials
EXP
$6.61B
$137M 3.31%
676,257
-233,376
-26% -$50.3M
VSAT icon
13
Viasat
VSAT
$9.38B
$134M 3.25%
9,190,728
-1,000,000
-10% -$10.1M
GDS icon
14
GDS Holdings
GDS
$6.56B
$99.4M 2.41%
3,249,952
-1,000,000
-24% -$25.4M
LBRDK icon
15
Liberty Broadband Class C
LBRDK
$4.5B
$73.4M 1.78%
745,610
+575,000
+337% +$51.5M
HLF icon
16
Herbalife
HLF
$1.28B
$66.9M 1.62%
7,759,844
+159,318
+2% +$1.18M
ICLR icon
17
Icon
ICLR
$13.1B
$58.9M 1.43%
405,000
– –
LBTYA icon
18
Liberty Global Class A
LBTYA
$3.63B
$50.8M 1.23%
5,076,762
– –
AMCR icon
19
Amcor
AMCR
$20.7B
$50.5M 1.22%
+1,100,000
New +$50.7M
PAGS icon
20
PagSeguro Digital
PAGS
$2.56B
$24.1M 0.58%
+2,500,000
New +$22.5M
TBN
21
Tamboran Resources
TBN
$1.09B
$12.2M 0.29%
570,833
– –
LBRDA icon
22
Liberty Broadband Class A
LBRDA
$4.5B
$740K 0.02%
7,560
– –
CLVT icon
23
Clarivate
CLVT
$1.53B
– –
-10,777,863
Closed -$42.4M
SOLV icon
24
Solventum
SOLV
$14.1B
– –
-1,053,240
Closed -$80.1M
SGI
25
Somnigroup International
SGI
$15.8B
– –
-703,349
Closed -$42.1M

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 Q2 2025 Portfolio in Review

As of Q2 2025, Baupost Group held 26 positions worth $4.13B, up 18% from $3.5B the previous quarter. Its ten largest holdings account for 79% of the portfolio.

Baupost Group deployed $425M of net new capital in Q2 2025, opening 3 new positions and adding to 9 existing holdings. Its largest new stake was Fiserv Inc: 895,000 shares worth $154M.

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

On the sell side, the largest reduction was Willis Towers Watson, an estimated $65.6M trimmed.

  • Baupost Group's largest Q2 2025 buy was Fiserv Inc: 895,000 shares worth $154M.
  • Baupost Group added most to Elevance Health in Q2 2025, an estimated $149M increase.
  • Baupost Group's biggest Q2 2025 reduction was Willis Towers Watson, cutting an estimated $65.6M.
  • Baupost Group fully exited Solventum in Q2 2025, selling an estimated $80.1M.
  • Baupost Group's ten largest holdings make up 79% of its $4.13B portfolio in Q2 2025.
  • Baupost Group opened 3 new positions and closed 3 in Q2 2025.
  • Baupost Group's portfolio value rose 18% quarter-over-quarter to $4.13B.

Based on Baupost Group's 13F filing for Q2 2025, filed 13 Aug 2025.