BAUPOST GROUP LLC/MA

BOSTON, MA · CIK 1061768 · 13F filing filed 2026-08-13

SEC-registered investment adviser since 1998 · limited liability company

Assets managed$24.7bn
Staff210 · 45 in investment roles
Main clients (by assets)Private funds 100%
Private funds12 (12 hedge) · $24.7bn gross assets
Websitebaupost.com
Form ADV · 2026-03-30SEC adviser record

Legal entityTHE BAUPOST GROUP, L.L.C. (US)

$5.4bn reported value +5.9% vs Q1 2026

23positions

74.9%in top 10

3 new 6 added 9 reduced 2 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	AMAZON COM INC COM AMZN	AMZN	3,743,854	$892.3m16.48%	16.48%	Added +625.1k	+625,100 20.0%
2	ELEVANCE HEALTH INC COM ELV	ELV	1,275,154	$493.1m9.11%	9.11%	Unchanged
3	RESTAURANT BRANDS INTL INC COM QSR	QSR	6,753,112	$489.6m9.04%	9.04%	Reduced -1.3m	-1,327,000 -16.4%
4	ALPHABET INC CAP STK CL C GOOG	GOOG	1,371,931	$484.7m8.95%	8.95%	Added +190.8k	+190,800 16.1%
5	FERGUSON ENTERPRISES INC COMMON STOCK NEW FERG	FERG	1,450,594	$344.3m6.36%	6.36%	Added +8.2k	+8,183 0.6%
6	GENUINE PARTS CO COM GPC	GPC	2,816,178	$332.3m6.13%	6.13%	Added +1.3m	+1,325,830 89.0%
7	UNION PAC CORP COM UNP	UNP	1,185,395	$322.4m5.95%	5.95%	Reduced -355.6k	-355,600 -23.1%
8	VISA INC COM CL A V	V	701,355	$240.6m4.44%	4.44%	Unchanged
9	WESCO INTL INC COM WCC	WCC	662,881	$229.0m4.23%	4.23%	Reduced -774.0k	-774,000 -53.9%
10	AON PLC SHS CL A AON	AON	687,000	$227.9m4.21%	4.21%	Reduced -82.0k	-82,000 -10.7%
11	TELEFLEX INCORPORATED COM TFX	TFX	1,409,000	$178.6m3.30%	3.30%	Reduced -186.0k	-186,000 -11.7%
12	NORWEGIAN CRUISE LINE HLDG L SHS NCLH	NCLH	7,730,000	$163.2m3.01%	3.01%	Added +4.1m	+4,100,000 113.0%
13	MOLINA HEALTHCARE INC COM MOH	MOH	633,609	$144.9m2.68%	2.68%	Unchanged
14	CME GROUP INC COM CME	CME	619,000	$136.7m2.52%	2.52%	New
15	HERBALIFE LTD COM SHS HLF	HLF	9,259,844	$121.8m2.25%	2.25%	Unchanged
16	EAGLE MATLS INC COM EXP	EXP	530,763	$119.4m2.21%	2.21%	Reduced -362.0k	-362,000 -40.5%
17	GDS HLDGS LTD SPONSORED ADS GDS	GDS	3,769,818	$113.2m2.09%	2.09%	Added +725.0k	+725,000 23.8%
18	AMERICOLD REALTY TRUST INC COM COLD	COLD	6,830,230	$107.4m1.98%	1.98%	Reduced -950.6k	-950,570 -12.2%
19	LIBERTY GLOBAL LTD COM CL C LBTYK	LBTYK	8,543,161	$94.0m1.74%	1.74%	Reduced -4.9m	-4,854,086 -36.2%
20	GRUPO AEROMEXICO SAB DE CV SPONSORED ADS AERO	AERO	4,880,188	$87.8m1.62%	1.62%	Unchanged
21	AXALTA COATING SYS LTD COM AXTA	AXTA	1,274,356	$43.6m0.81%	0.81%	New
22	DNOW INC COM DNOW	DNOW	2,788,000	$36.2m0.67%	0.67%	Reduced -837.0k	-837,000 -23.1%
23	PERSHING SQUARE INC COMMON STOCK PS	PS	392,000	$12.9m0.24%	0.24%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
WILLIS TOWERS WATSON PLC LTD WTW	WTW	893,126	$259.6m893.1k shares
VAXCYTE INC PCVX	PCVX	800,000	$46.5m800.0k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
HERBALIFE LTD HLF · 13G · filed 2025-02-13	HLF	8.5%≈ $113.2m		13G	2025-02-13