BAUPOST GROUP LLC/MA

hedge fundUpdated 84 days ago

Managed by Baupost Group • Latest filing Q2 2026

Portfolio value

$5.4B

Q2 2026

Filings

Quarterly 13F history

Top-10 concentration

100.0%

Weight of largest holdings

Annualized return

-5.4%

Implied from 13F holdings

Portfolio value history

13F-disclosed portfolio value over 17 quarters

Show data table

Period	Portfolio value
Q2 2022	$6.8B
Q3 2022	$5.8B
Q4 2022	$6.1B
Q1 2023	$5.8B
Q2 2023	$5.6B
Q3 2023	$5.2B
Q4 2023	$4.6B
Q1 2024	$3.7B
Q2 2024	$3.6B
Q3 2024	$3.5B
Q4 2024	$3.4B
Q1 2025	$3.5B
Q2 2025	$4.1B
Q3 2025	$4.8B
Q4 2025	$5.3B
Q1 2026	$5.1B
Q2 2026	$5.4B

Top holdings

23 positions as of Q2 2026

View filing

#	Stock	Value	Shares	% Portfolio	Change
1	A AMZN History → AMAZON COM INC	$892.3M	3.74M	16.48%	Added(+20.0%)
2	E ELV History → ELEVANCE HEALTH INC FORMERLY	$493.1M	1.28M	9.11%	Unchanged
3	Q QSR History → RESTAURANT BRANDS INTL INC	$489.6M	6.75M	9.04%	Trimmed(-16.4%)
4	G GOOGN History → ALPHABET INC	$484.7M	1.37M	8.95%	Added(+16.1%)
5	F FERG History → FERGUSON ENTERPRISES INC	$344.3M	1.45M	6.36%	Added(+0.6%)
6	G GPC History → GENUINE PARTS CO	$332.3M	2.82M	6.13%	Added(+89.0%)
7	U UNP History → UNION PAC CORP	$322.4M	1.19M	5.95%	Trimmed(-23.1%)
8	V V History → VISA INC	$240.6M	701.4K	4.44%	Unchanged
9	W WCC History → WESCO INTL INC	$229M	662.9K	4.23%	Trimmed(-53.9%)
10	A AON History → AON PLC	$227.9M	687.0K	4.21%	Trimmed(-10.7%)
11	T TFX History → TELEFLEX INCORPORATED	$178.6M	1.41M	3.30%	Trimmed(-11.7%)
12	N NCLH History → NORWEGIAN CRUISE LINE HLDGS	$163.2M	7.73M	3.01%	Added(+113.0%)
13	M MOH History → MOLINA HEALTHCARE INC	$144.9M	633.6K	2.68%	Unchanged
14	C CME History → CME GROUP INC	$136.7M	619.0K	2.52%	—
15	H HLF History → HERBALIFE LTD	$121.8M	9.26M	2.25%	Unchanged
16	E EXP History → EAGLE MATLS INC	$119.4M	530.8K	2.21%	Trimmed(-40.5%)
17	G GDHLF History → GDS HLDGS LTD	$113.2M	3.77M	2.09%	Added(+23.8%)
18	C COLD History → AMERICOLD REALTY TRUST INC	$107.4M	6.83M	1.98%	Trimmed(-12.2%)
19	L LBTYK History → LIBERTY GLOBAL LTD	$94M	8.54M	1.74%	Trimmed(-36.2%)
20	? N/A GRUPO AEROMEXICO SAB DE CV	$87.8M	4.88M	1.62%	Unchanged

1.AMZN History →

AMAZON COM INC

+20.0%

Value

$892.3M

3.74M

% Port

16.48%

2.ELV History →

ELEVANCE HEALTH INC FORMERLY

Unchanged

Value

$493.1M

1.28M

% Port

9.11%

3.QSR History →

RESTAURANT BRANDS INTL INC

-16.4%

Value

$489.6M

6.75M

% Port

9.04%

4.GOOGN History →

ALPHABET INC

+16.1%

Value

$484.7M

1.37M

% Port

8.95%

5.FERG History →

FERGUSON ENTERPRISES INC

+0.6%

Value

$344.3M

1.45M

% Port

6.36%

6.GPC History →

GENUINE PARTS CO

+89.0%

Value

$332.3M

2.82M

% Port

6.13%

7.UNP History →

UNION PAC CORP

-23.1%

Value

$322.4M

1.19M

% Port

5.95%

8.V History →

VISA INC

Unchanged

Value

$240.6M

701.4K

% Port

4.44%

9.WCC History →

WESCO INTL INC

-53.9%

Value

$229M

662.9K

% Port

4.23%

10.AON History →

AON PLC

-10.7%

Value

$227.9M

687.0K

% Port

4.21%

11.TFX History →

TELEFLEX INCORPORATED

-11.7%

Value

$178.6M

1.41M

% Port

3.30%

12.NCLH History →

NORWEGIAN CRUISE LINE HLDGS

+113.0%

Value

$163.2M

7.73M

% Port

3.01%

13.MOH History →

MOLINA HEALTHCARE INC

Unchanged

Value

$144.9M

633.6K

% Port

2.68%

14.CME History →

CME GROUP INC

Value

$136.7M

619.0K

% Port

2.52%

15.HLF History →

HERBALIFE LTD

Unchanged

Value

$121.8M

9.26M

% Port

2.25%

16.EXP History →

EAGLE MATLS INC

-40.5%

Value

$119.4M

530.8K

% Port

2.21%

17.GDHLF History →

GDS HLDGS LTD

+23.8%

Value

$113.2M

3.77M

% Port

2.09%

18.COLD History →

AMERICOLD REALTY TRUST INC

-12.2%

Value

$107.4M

6.83M

% Port

1.98%

19.LBTYK History →

LIBERTY GLOBAL LTD

-36.2%

Value

$94M

8.54M

% Port

1.74%

20.N/A

GRUPO AEROMEXICO SAB DE CV

Unchanged

Value

$87.8M

4.88M

% Port

1.62%

View full portfolio (23 holdings) →

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