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Baupost Group Portfolio holdings
AUM
$5.42B
Turnover
20%
1-Year Est. Return
22.93%
This Fund
S&P 500
This Quarter
Est. Return
-2.99%
1 Year Est. Return
+22.93%
3 Year Est. Return
+47.86%
5 Year Est. Return
+25.7%
10 Year Est. Return
+163.46%
AUM
$5.12B
AUM Growth
-$163M
(-3.1%)
Cap. Flow
+$18.7M
Cap. Flow
% of AUM
0.37%
Top 10 Holdings %
Top 10 Hldgs %
73.94%
Holding
28
New
6
Increased
9
Reduced
4
Closed
6
Avg Time Held
1.5
years
Top 10 Avg Time Held
1.2
years
Top 20 Avg Time Held
1.6
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Aon
AON
|
+$256M |
| 2 |
Visa
V
|
+$226M |
| 3 |
Amazon
AMZN
|
+$220M |
| 4 |
Teleflex
TFX
|
+$176M |
| 5 |
Norwegian Cruise Line
NCLH
|
+$79.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Fidelity National Information Services
FIS
|
+$299M |
| 2 |
Dollar General
DG
|
+$274M |
| 3 |
Fiserv Inc
FISV
|
+$148M |
| 4 |
Willis Towers Watson
WTW
|
+$143M |
| 5 |
CRH
CRH
|
+$134M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 28.78% |
| 2 | Industrials | 23.75% |
| 3 | Financials | 14.07% |
| 4 | Healthcare | 13.59% |
| 5 | Communication Services | 9.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Amazon
AMZN
$2.75T
| $650M | 12.7% |
3,118,754
+997,363
| +47% | +$220M |
2025 Q4
1 quarter
|
|
2
Restaurant Brands International
QSR
$25.8B
| $597M | 11.67% |
8,080,112
| – | – |
2024 Q3
6 quarters
|
|
3
WESCO International
WCC
$16.9B
| $393M | 7.69% |
1,436,881
+18,050
| +1% | +$5.07M |
2024 Q1
8 quarters
|
|
4
Union Pacific
UNP
$172B
| $374M | 7.31% |
1,540,995
-86,259
| -5% | -$21.1M |
2025 Q3
2 quarters
|
|
5
Elevance Health
ELV
$92.9B
| $373M | 7.3% |
1,275,154
+5,852
| +0.5% | +$1.92M |
2025 Q1
4 quarters
|
|
6
Alphabet (Google) Class C
GOOG
$4.22T
| $339M | 6.62% |
1,181,131
+93,950
| +9% | +$29.5M |
2020 Q1
24 quarters
|
|
7
Ferguson
FERG
$44.3B
| $336M | 6.58% |
1,442,411
+305,376
| +27% | +$74.3M |
2024 Q4
5 quarters
|
|
|
8
Willis Towers Watson
WTW
$28.8B
| $260M | 5.08% |
893,126
-464,475
| -34% | -$143M |
2021 Q1
20 quarters
|
|
|
9
Aon
AON
$60.8B
| $248M | 4.85% |
+769,000
| New | +$256M |
2026 Q1
0 quarters
|
|
|
10
Visa
V
$750B
| $212M | 4.14% |
+701,355
| New | +$226M |
2026 Q1
0 quarters
|
|
|
11
Teleflex
TFX
$5.43B
| $191M | 3.73% |
+1,595,000
| New | +$176M |
2026 Q1
0 quarters
|
|
12
Eagle Materials
EXP
$5.23B
| $169M | 3.31% |
892,763
-292,485
| -25% | -$62.2M |
2024 Q1
8 quarters
|
|
13
Genuine Parts
GPC
$18.4B
| $158M | 3.08% |
1,490,348
+4,260
| +0.3% | +$527K |
2025 Q3
2 quarters
|
|
14
Liberty Global Class C
LBTYK
$2.69B
| $157M | 3.07% |
13,397,247
-7,487,534
| -36% | -$85.8M |
2018 Q3
30 quarters
|
|
15
Herbalife
HLF
$1.53B
| $136M | 2.66% |
9,259,844
| – | – |
2022 Q4
13 quarters
|
|
16
GDS Holdings
GDS
$5.07B
| $123M | 2.4% |
3,044,818
| – | – |
2024 Q1
8 quarters
|
|
17
Americold
COLD
$3.97B
| $89.2M | 1.74% |
7,780,800
+4,305,115
| +124% | +$53.9M |
2025 Q3
2 quarters
|
|
18
Molina Healthcare
MOH
$11.1B
| $84.5M | 1.65% |
633,609
+8,609
| +1% | +$1.37M |
2025 Q4
1 quarter
|
|
19
Grupo Aeromexico SAB de CV
AERO
$2.39B
| $68.4M | 1.34% |
4,880,188
+25,008
| +0.5% | +$454K |
2025 Q4
1 quarter
|
|
|
20
Norwegian Cruise Line
NCLH
$7.07B
| $67.9M | 1.33% |
+3,630,000
| New | +$79.3M |
2026 Q1
0 quarters
|
|
21
Vaxcyte
PCVX
$10.3B
| $46.5M | 0.91% |
+800,000
| New | +$43.4M |
2026 Q1
0 quarters
|
|
22
DNOW Inc
DNOW
$2.72B
| $43.2M | 0.84% |
+3,625,000
| New | +$49.1M |
2026 Q1
0 quarters
|
|
|
23
CRH
CRH
$54.8B
| – | – |
-1,072,957
| Closed | -$134M | – |
|
|
24
Dollar General
DG
$29.5B
| – | – |
-2,062,821
| Closed | -$274M | – |
|
|
25
Fiserv Inc
FISV
$25.1B
| – | – |
-2,200,000
| Closed | -$148M | – |
|
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Baupost Group's Q1 2026 Portfolio in Review
As of Q1 2026, Baupost Group held 28 positions worth $5.12B, down 3.1% from $5.28B the previous quarter. Its ten largest holdings account for 74% of the portfolio.
Baupost Group's Q1 2026 filing shows 6 new, 9 increased, 4 reduced and 6 closed positions. Its largest new stake was Aon: 769,000 shares worth $248M. The largest sale was Fidelity National Information Services, an estimated $299M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 29% of assets, up from 23% a quarter earlier, followed by Industrials and Financials.
- Baupost Group's largest Q1 2026 buy was Aon: 769,000 shares worth $248M.
- Baupost Group added most to Amazon in Q1 2026, an estimated $220M increase.
- Baupost Group's biggest Q1 2026 reduction was Willis Towers Watson, cutting an estimated $143M.
- Baupost Group fully exited Fidelity National Information Services in Q1 2026, selling an estimated $299M.
- Baupost Group's ten largest holdings make up 74% of its $5.12B portfolio in Q1 2026.
- Baupost Group opened 6 new positions and closed 6 in Q1 2026.
- Baupost Group's portfolio value fell 3.1% quarter-over-quarter to $5.12B.
Based on Baupost Group's 13F filing for Q1 2026, filed 14 May 2026.