Baupost Group 13F filings

Manager(s): Seth Klarman

Holdings as of 2025-12-31

Filed on 2026-02-13 under CIK 1061768

Company

Investment Type

Change

Value (x$1000)

increase or decrease

Restaurant Brands International Inc

8,080,112 sh

-172,750 sh
-2%

$551,325

$21,988

Amazon.com Inc

2,121,391 sh

2,121,391 sh
NEW

$489,659

Willis Towers Watson Plc

1,357,601 sh

268,536 sh
25%

$446,108

$69,890

Elevance Health

1,269,302 sh

-49,698 sh
-4%

$444,954

$18,759

Union Pacific Corp

1,627,254 sh

131,050 sh
9%

$376,416

$22,758

WESCO International Inc.

1,418,831 sh

-84,349 sh
-6%

$347,103

$29,180

Alphabet Inc

1,087,181 sh

-770,957 sh
-41%

$341,157

-$111,393

Fidelity National Information Services Inc.

4,503,801 sh

714,090 sh
19%

$299,323

$49,429

Dollar General Corp

2,062,821 sh

-604,055 sh
-23%

$273,881

-$1,741

FERGUSON PLC NEW COMMON STOCK NEW

1,137,035 sh

-18,465 sh
-2%

$253,138

-$6,364

Eagle Materials Inc

1,185,248 sh

245,588 sh
26%

$244,967

$25,989

LIBERTY GLOBAL LTD COM CL C Stock

20,884,781 sh

-773,022 sh
-4%

$230,568

-$23,911

Genuine Parts Co.

1,486,088 sh

91,088 sh
7%

$182,729

-$10,618

Fiserv Inc

2,200,000 sh

1,305,000 sh
146%

$147,774

$32,382

CRH PLC ORD COMMON STOCK

1,072,957 sh

-2,310,438 sh
-68%

$133,905

-$271,764

Herbalife Nutrition Ltd

9,259,844 sh

1,500,000 sh
19%

$119,359

$53,866

Molina Healthcare Inc

625,000 sh

625,000 sh
NEW

$108,463

GRUPO AEROMEXICO SAB DE CV SPONSORED ADS

4,855,180 sh

4,855,180 sh
NEW

$106,620

GDS HLDGS LTD SPONSORED ADS

3,044,818 sh

-205,134 sh
-6%

$106,264

-$19,509

Americold Realty Trust

3,475,685 sh

-124,315 sh
-3%

$44,697

$633

LIBERTY GLOBAL LTD COM CL A Stock

2,080,456 sh

-2,996,306 sh
-59%

$23,176

-$35,004

TAMBORAN RES CORP COM

257,226 sh

-313,607 sh
-55%

$7,004

-$8,625

PAGSEGURO DIGITAL LTD COM CL A

0 sh

-2,500,000 sh
-100%

-$25,000

HERBALIFE LTD NOTE 4.250\% 6/1

$0 in bonds

-$17,129,000
-100%

-$15,833

CABLE ONE INC NOTE 1.12

$0 in bonds

-$14,100,000
-100%

-$12,068