Baupost Group 13F filings

Manager(s): Seth Klarman

Holdings as of 2025-09-30

Filed on 2025-11-13 under CIK 1061768

Company

Investment Type

Change

Value (x$1000)

increase or decrease

Restaurant Brands International Inc

8,252,862 sh

4,203,300 sh
104%

$529,337

$260,892

Alphabet Inc

1,858,138 sh

-775,850 sh
-29%

$452,550

-$14,693

Elevance Health

1,319,000 sh

703,000 sh
114%

$426,195

$186,596

CRH PLC ORD COMMON STOCK

3,383,395 sh

-442,000 sh
-12%

$405,669

$54,498

Willis Towers Watson Plc

1,089,065 sh

-225,119 sh
-17%

$376,218

-$26,579

Union Pacific Corp

1,496,204 sh

1,496,204 sh
NEW

$353,658

WESCO International Inc.

1,503,180 sh

-704,421 sh
-32%

$317,923

-$90,925

Dollar General Corp

2,666,876 sh

$275,622

FERGUSON PLC NEW COMMON STOCK NEW

1,155,500 sh

23,500 sh
2%

$259,502

$13,009

LIBERTY GLOBAL LTD COM CL C Stock

21,657,803 sh

-3,000,000 sh
-12%

$254,479

$257

Fidelity National Information Services Inc.

3,789,711 sh

$249,894

Eagle Materials Inc

939,660 sh

263,403 sh
39%

$218,978

$82,300

Genuine Parts Co.

1,395,000 sh

1,395,000 sh
NEW

$193,347

GDS HLDGS LTD SPONSORED ADS

3,249,952 sh

$125,773

Fiserv Inc

895,000 sh

$115,392

Herbalife Nutrition Ltd

7,759,844 sh

$65,493

LIBERTY GLOBAL LTD COM CL A Stock

5,076,762 sh

$58,180

Americold Realty Trust

3,600,000 sh

3,600,000 sh
NEW

$44,064

PAGSEGURO DIGITAL LTD COM CL A

2,500,000 sh

$25,000

HERBALIFE LTD NOTE 4.250\% 6/1

$17,129,000 in bonds

$15,833

TAMBORAN RES CORP COM

570,833 sh

$15,629

CABLE ONE INC NOTE 1.12

$14,100,000 in bonds

$14,100,000 in bonds

$12,068

Viasat Inc

0 sh

-9,190,728 sh
-100%

-$134,185

Liberty Broadband Corp

0 sh

-745,610 sh
-100%

-$73,353

ICON PLC SHS

0 sh

-405,000 sh
-100%

-$58,907

Amcor Plc

0 sh

-5,500,000 sh
-100%

-$50,545

Liberty Broadband Corp

0 sh

-7,560 sh
-100%

-$740