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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
+4.24%
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
$5.28B
AUM Growth
+$488M
Cap. Flow
+$336M
Cap. Flow %
6.37%
Top 10 Hldgs %
72.43%
Holding
23
New
3
Increased
7
Reduced
12
Closed
1

Top Buys

1
AMZN icon
Amazon
AMZN
+$485M
2
FISV
Fiserv Inc
FISV
+$109M
3
MOH icon
Molina Healthcare
MOH
+$103M
4
AERO
Grupo Aeromexico SAB de CV
AERO
+$93M
5
WTW icon
Willis Towers Watson
WTW
+$87.9M

Top Sells

1
CRH icon
CRH
CRH
+$275M
2
GOOG icon
Alphabet (Google) Class C
GOOG
+$221M
3
DG icon
Dollar General
DG
+$67.4M
4
LBTYA icon
Liberty Global Class A
LBTYA
+$33.2M
5
PAGS icon
PagSeguro Digital
PAGS
+$25M

Sector Composition

1 Consumer Discretionary 23.18%
2 Industrials 20.52%
3 Communication Services 11.27%
4 Healthcare 10.48%
5 Technology 10.48%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
QSR icon
1
Restaurant Brands International
QSR
$26B
$551M 10.44%
8,080,112
-172,750
-2% -$11.9M
AMZN icon
2
Amazon
AMZN
$2.66T
$490M 9.28%
+2,121,391
New +$485M
WTW icon
3
Willis Towers Watson
WTW
$27.7B
$446M 8.45%
1,357,601
+268,536
+25% +$87.9M
ELV icon
4
Elevance Health
ELV
$80.9B
$445M 8.43%
1,269,302
-49,698
-4% -$16.8M
UNP icon
5
Union Pacific
UNP
$179B
$376M 7.13%
1,627,254
+131,050
+9% +$29.9M
WCC
6
WESCO International
WCC
$16B
$347M 6.58%
1,418,831
-84,349
-6% -$20.7M
GOOG icon
7
Alphabet (Google) Class C
GOOG
$4.22T
$341M 6.46%
1,087,181
-770,957
-41% -$221M
FIS icon
8
Fidelity National Information Services
FIS
$21.7B
$299M 5.67%
4,503,801
+714,090
+19% +$47.1M
DG icon
9
Dollar General
DG
$27.7B
$274M 5.19%
2,062,821
-604,055
-23% -$67.4M
FERG icon
10
Ferguson
FERG
$45B
$253M 4.8%
1,137,035
-18,465
-2% -$4.41M
EXP icon
11
Eagle Materials
EXP
$6.36B
$245M 4.64%
1,185,248
+245,588
+26% +$54.2M
LBTYK icon
12
Liberty Global Class C
LBTYK
$3.41B
$231M 4.37%
20,884,781
-773,022
-4% -$8.6M
GPC icon
13
Genuine Parts
GPC
$17.2B
$183M 3.46%
1,486,088
+91,088
+7% +$11.8M
FISV
14
Fiserv Inc
FISV
$27B
$148M 2.8%
2,200,000
+1,305,000
+146% +$109M
CRH icon
15
CRH
CRH
$68.8B
$134M 2.54%
1,072,957
-2,310,438
-68% -$275M
HLF icon
16
Herbalife
HLF
$1.24B
$119M 2.26%
9,259,844
+1,500,000
+19% +$15.9M
MOH icon
17
Molina Healthcare
MOH
$11.7B
$108M 2.05%
+625,000
New +$103M
AERO
18
Grupo Aeromexico SAB de CV
AERO
$2.25B
$107M 2.02%
+4,855,180
New +$93M
GDS icon
19
GDS Holdings
GDS
$6.24B
$106M 2.01%
3,044,818
-205,134
-6% -$7.09M
COLD icon
20
Americold
COLD
$4.54B
$44.7M 0.85%
3,475,685
-124,315
-3% -$1.52M
LBTYA icon
21
Liberty Global Class A
LBTYA
$3.52B
$23.2M 0.44%
2,080,456
-2,996,306
-59% -$33.2M
TBN
22
Tamboran Resources
TBN
$1.1B
$7M 0.13%
257,226
-313,607
-55% -$7.97M
PAGS icon
23
PagSeguro Digital
PAGS
$2.53B
– –
-2,500,000
Closed -$25M

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 Q4 2025 Portfolio in Review

As of Q4 2025, Baupost Group held 23 positions worth $5.28B, up 10% from $4.79B the previous quarter. Its ten largest holdings account for 72% of the portfolio.

Baupost Group deployed $336M of net new capital in Q4 2025, opening 3 new positions and adding to 7 existing holdings. Its largest new stake was Amazon: 2,121,391 shares worth $490M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 23% of assets, up from 15% a quarter earlier, followed by Industrials and Communication Services.

On the sell side, the largest reduction was CRH, an estimated $275M trimmed.

  • Baupost Group's largest Q4 2025 buy was Amazon: 2,121,391 shares worth $490M.
  • Baupost Group added most to Fiserv Inc in Q4 2025, an estimated $109M increase.
  • Baupost Group's biggest Q4 2025 reduction was CRH, cutting an estimated $275M.
  • Baupost Group fully exited PagSeguro Digital in Q4 2025, selling an estimated $25M.
  • Baupost Group's ten largest holdings make up 72% of its $5.28B portfolio in Q4 2025.
  • Baupost Group opened 3 new positions and closed 1 in Q4 2025.
  • Baupost Group's portfolio value rose 10% quarter-over-quarter to $5.28B.

Based on Baupost Group's 13F filing for Q4 2025, filed 13 Feb 2026.