SEC 13F Intelligence

Managers / Q1 2026

BAUPOST GROUP LLC/MA

CIK 0001061768 · Part of the Baupost family · 10 ST JAMES AVE, SUITE 1700, BOSTON, MA, 02116 · 617-210-8300

Reported Value
$5M
Q1 2026
Positions
22
Filings on Record
30
2019–present window
Filed
May 14, 2026
original filing

Summary

Baupost Group LLC/Ma reported $5M in U.S.-listed holdings across 22 positions for Q1 2026.

Its largest position, AMZN, represents 12.7% of the portfolio.

Compared with Q4 2025, the fund opened 6 new positions and exited 6.

Portfolio Metrics

Turnover
+23.5%
vs prior filed quarter
Top-10 Concentration
+73.9%
share of reported value
Largest Position
+12.7%
Amazon Com
New / Exited
6 / 6
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $11.5BQ4 ’18Q1 ’19: $11.9BQ2 ’19: $11.0BQ3 ’19: $8.8BQ4 ’19: $9.1BQ4 ’19Q1 ’20: $6.8BQ2 ’20: $8.0BQ3 ’20: $9.3BQ4 ’20: $10.8BQ4 ’20Q1 ’21: $12.6BQ2 ’21: $12.3BQ3 ’21: $10.9BQ4 ’21: $10.1BQ4 ’21Q1 ’22: $9.3BQ2 ’22: $6.8BQ3 ’22: $5.8BQ1 ’23: $6MQ1 ’23Q2 ’23: $6MQ3 ’23: $5MQ4 ’23: $5MQ1 ’24: $4MQ1 ’24Q2 ’24: $4MQ3 ’24: $4MQ4 ’24: $3MQ1 ’25: $3MQ1 ’25Q2 ’25: $4MQ3 ’25: $5MQ4 ’25: $5MQ1 ’26: $5MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 79.3%Other: 17.0%ADR: 3.7%
  • Common Stock · 79.3% · $4M
  • Other · 17.0% · $869,186
  • ADR · 3.7% · $191,047

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AON PLCNEW+769.0K769.0K+$248,218$248,218
VVISA INCNEW+701.4K701.4K+$211,978$211,978
TFXTELEFLEX INCORPORATEDNEW+1.59M1.59M+$190,778$190,778
NORWEGIAN CRUISE LINE HLDGSNEW+3.63M3.63M+$67,881$67,881
PCVXVAXCYTE INCNEW+800.0K800.0K+$46,488$46,488
DNOWDNOW INCNEW+3.63M3.63M+$43,174$43,174
COLDEURAMERICOLD REALTY TRUST INCADDED+4.31M7.78M+$44,471$89,168
FISFIDELITY NATL INFORMATION SVSOLD OUT−4.50M0−$299,323$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

22 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AMZNAMAZON COM INChistory →COM12.70%$649,5433.12M
2QSRRESTAURANT BRANDS INTL INChistory →COM11.67%$597,2088.08M
3WCCWESCO INTL INChistory →COM7.69%$393,1591.44M
4UNPUNION PAC CORPhistory →COM7.31%$373,8761.54M
5ELVELEVANCE HEALTH INC FORMERLYhistory →COM7.30%$373,3011.28M
6GOOGALPHABET INChistory →CAP STK CL C6.62%$338,8191.18M
7FERGFERGUSON ENTERPRISES INChistory →COMMON STOCK NEW6.58%$336,4571.44M
8WILLIS TOWERS WATSON PLC LTDSHS5.08%$259,632893.1K
9AON PLCSHS CL A4.85%$248,218769.0K
10VVISA INChistory →COM CL A4.14%$211,978701.4K
11TFXTELEFLEX INCORPORATEDhistory →COM3.73%$190,7781.59M
12EXPEAGLE MATLS INChistory →COM3.31%$169,134892.8K
13GPCGENUINE PARTS COhistory →COM3.08%$157,6041.49M
14LIBERTY GLOBAL LTDCOM CL C3.07%$157,15013.40M
15HERBALIFE LTDCOM SHS2.66%$136,3059.26M
16GDSGDS HLDGS LTDhistory →SPONSORED ADS2.40%$122,6763.04M
17COLDEURAMERICOLD REALTY TRUST INChistory →COM1.74%$89,1687.78M
18MOHMOLINA HEALTHCARE INChistory →COM1.65%$84,460633.6K
19AEROGRUPO AEROMEXICO SAB DE CVhistory →SPONSORED ADS1.34%$68,3714.88M
20NORWEGIAN CRUISE LINE HLDGSSHS1.33%$67,8813.63M
21PCVXVAXCYTE INChistory →COM0.91%$46,488800.0K
22DNOWDNOW INChistory →COM0.84%$43,1743.63M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$5M22May 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$5M22Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$5M22Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$4M23Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$3M23May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$3M22Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$4M21Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$4M24Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$4M22May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$5M23Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$5M32Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$6M29Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$6M31May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review34Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$5.8B45Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$6.8B52Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$9.3B55May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$10.1B54Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$10.9B57Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$12.3B59Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$12.6B59May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$10.8B45Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$9.3B37Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$8.0B31Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$6.8B33May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$9.1B31Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$8.8B32Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$11.0B32Aug 13, 201913F-HRchanges · EDGAR ↗
Q1 2019$11.9B35May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$11.5B37Feb 13, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.