All investors
Seth Klarman
Baupost Group · Value
Author of Margin of Safety — unafraid to sit in cash
Reported Value (13F)
$5.4B
Positions
23 stocks
Quarter
2026 Q2
Filed
2026-08-13
Quarter Changes
NEW3
CMEAxalta Coating Sys LtdPS
Add6
AMZN+20.0%GOOG+16.1%FERG+0.6%GPC+89.0%Norwegian Cruise Line Hldgs+113.0%GDS+23.8%
Trim9
QSR-16.4%UNP-23.1%WCC-53.9%Aon PLC-10.7%TFX-11.7%EXP-40.5%COLD-12.2%Liberty Global Ltd-36.2%DNOW-23.1%
Sold Out2
Willis Towers Watson PLC LtdPCVX
Holdings23
| # | Company | Weight | Value |
|---|---|---|---|
| 1 | AMZNAdd +20.0%Amazon Com Inc | 16.48% | $892.3M |
| 2 | ELVElevance Health Inc Formerly | 9.11% | $493.1M |
| 3 | QSRTrim -16.4%Restaurant Brands Intl Inc | 9.04% | $489.6M |
| 4 | GOOGAdd +16.1%Alphabet Inc | 8.95% | $484.7M |
| 5 | FERGAdd +0.6%Ferguson Enterprises Inc | 6.36% | $344.3M |
| 6 | GPCAdd +89.0%Genuine Parts Co | 6.13% | $332.3M |
| 7 | UNPTrim -23.1%Union Pac Corp | 5.95% | $322.4M |
| 8 | VVisa Inc | 4.44% | $240.6M |
| 9 | WCCTrim -53.9%Wesco Intl Inc | 4.23% | $229.0M |
| 10 | Aon PLCTrim -10.7%SHS CL A | 4.21% | $227.9M |
| 11 | TFXTrim -11.7%Teleflex Incorporated | 3.30% | $178.6M |
| 12 | Norwegian Cruise Line HldgsAdd +113.0%SHS | 3.01% | $163.2M |
| 13 | MOHMolina Healthcare Inc | 2.68% | $144.9M |
| 14 | CMENEWCme Group Inc | 2.52% | $136.7M |
| 15 | Herbalife LtdCOM SHS | 2.25% | $121.8M |
