BAUPOST GROUP LLC/MA 13F
This manager reported values in thousands of dollars in a filing (the SEC now asks for whole dollars). The figures below were multiplied by 1,000 to correct for that.
Reported portfolio value
$5.42B
+5.9% vs Mar 31, 2026 (market moves plus trading)
Positions
23
3 new, 2 exited since the last report
Ten largest positions
74.9%
of the reported portfolio
Largest holdings
Calculated from the filing. The last column compares the number of shares held with the previous report, so a stock simply rising in price is not shown as buying.
| Company | Value | Share of portfolio | Shares | Since last report |
|---|---|---|---|---|
| AMAZON COM INC (COM) | $892.3M | 16.5% | 3,743,854 | +20.0% shares |
| ELEVANCE HEALTH INC FORMERLY (COM) | $493.1M | 9.1% | 1,275,154 | No change |
| RESTAURANT BRANDS INTL INC (COM) | $489.6M | 9.0% | 6,753,112 | -16.4% shares |
| ALPHABET INC (CAP STK CL C) | $484.7M | 9.0% | 1,371,931 | +16.2% shares |
| FERGUSON ENTERPRISES INC (COMMON STOCK NEW) | $344.3M | 6.4% | 1,450,594 | +0.6% shares |
| GENUINE PARTS CO (COM) | $332.3M | 6.1% | 2,816,178 | +89.0% shares |
| UNION PAC CORP (COM) | $322.4M | 6.0% | 1,185,395 | -23.1% shares |
| VISA INC (COM CL A) | $240.6M | 4.4% | 701,355 | No change |
| WESCO INTL INC (COM) | $229.0M | 4.2% | 662,881 | -53.9% shares |
| AON PLC (SHS CL A) | $227.9M | 4.2% | 687,000 | -10.7% shares |
| TELEFLEX INCORPORATED (COM) | $178.6M | 3.3% | 1,409,000 | -11.7% shares |
| NORWEGIAN CRUISE LINE HLDGS (SHS) | $163.2M | 3.0% | 7,730,000 | +112.9% shares |
| MOLINA HEALTHCARE INC (COM) | $144.9M | 2.7% | 633,609 | No change |
| CME GROUP INC (COM) | $136.7M | 2.5% | 619,000 | New |
| HERBALIFE LTD (COM SHS) | $121.8M | 2.2% | 9,259,844 | No change |
Showing the 15 largest of 23 positions.
What changed since Mar 31, 2026
Dollars are estimates: shares bought or sold, priced at the current report's price per share. Each list shows the ten largest.
New positions 3
| Company | Shares | About |
|---|---|---|
| CME GROUP INC (COM) | 619,000 | $136.7M |
| AXALTA COATING SYS LTD (COM) | 1,274,356 | $43.6M |
| PERSHING SQUARE INC (COMMON STOCK) | 392,000 | $12.9M |
Exited positions 2
| Company | Shares sold | About |
|---|---|---|
| WILLIS TOWERS WATSON PLC LTD (SHS) | 893,126 | $259.6M |
| VAXCYTE INC (COM) | 800,000 | $46.5M |
Increased stakes 6
| Company | Shares | About |
|---|---|---|
| GENUINE PARTS CO (COM) | 1,490,348 to 2,816,178 (+89.0%) | $156.4M |
| AMAZON COM INC (COM) | 3,118,754 to 3,743,854 (+20.0%) | $149.0M |
| NORWEGIAN CRUISE LINE HLDGS (SHS) | 3,630,000 to 7,730,000 (+112.9%) | $86.6M |
| ALPHABET INC (CAP STK CL C) | 1,181,131 to 1,371,931 (+16.2%) | $67.4M |
| GDS HLDGS LTD (SPONSORED ADS) | 3,044,818 to 3,769,818 (+23.8%) | $21.8M |
| FERGUSON ENTERPRISES INC (COMMON STOCK NEW) | 1,442,411 to 1,450,594 (+0.6%) | $1.9M |
Reduced stakes 9
| Company | Shares | About |
|---|---|---|
| WESCO INTL INC (COM) | 1,436,881 to 662,881 (-53.9%) | $267.4M |
| UNION PAC CORP (COM) | 1,540,995 to 1,185,395 (-23.1%) | $96.7M |
| RESTAURANT BRANDS INTL INC (COM) | 8,080,112 to 6,753,112 (-16.4%) | $96.2M |
| EAGLE MATLS INC (COM) | 892,763 to 530,763 (-40.5%) | $81.5M |
| LIBERTY GLOBAL LTD (COM CL C) | 13,397,247 to 8,543,161 (-36.2%) | $53.4M |
| AON PLC (SHS CL A) | 769,000 to 687,000 (-10.7%) | $27.2M |
| TELEFLEX INCORPORATED (COM) | 1,595,000 to 1,409,000 (-11.7%) | $23.6M |
| AMERICOLD REALTY TRUST INC (COM) | 7,780,800 to 6,830,230 (-12.2%) | $14.9M |
| DNOW INC (COM) | 3,625,000 to 2,788,000 (-23.1%) | $10.9M |
5 positions have the same number of shares as before.
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Reading the filing from sec.gov...
This filer also reports stakes of more than 5% in single companies: see its Schedule 13D and 13G stakes.