SEC 13F Intelligence

Managers / Q2 2025 · view latest →

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
$4M
Q2 2025
Positions
23
Filings on Record
30
2019–present window
Filed
Aug 13, 2025
original filing

Summary

Baupost Group LLC/Ma reported $4M in U.S.-listed holdings across 23 positions for Q2 2025.

Its largest position, GOOG, represents 11.3% of the portfolio.

Compared with Q1 2025, the fund opened 3 new positions and exited 3.

Portfolio Metrics

Turnover
+10.8%
vs prior filed quarter
Top-10 Concentration
+78.7%
share of reported value
Largest Position
+11.3%
Alphabet
New / Exited
3 / 3
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: 66.7%Other: 30.5%ADR: 2.4%US DOMESTIC: 0.4%
  • Common Stock · 66.7% · $3M
  • Other · 30.5% · $1M
  • ADR · 2.4% · $99,351
  • US DOMESTIC · 0.4% · $15,623

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FISVFISERV INCNEW+895.0K895.0K+$154,307$154,307
AMCOR PLCNEW+5.50M5.50M+$50,545$50,545
PAGSEGURO DIGITAL LTDNEW+2.50M2.50M+$24,100$24,100
LBRDKLIBERTY BROADBAND CORPADDED+575.0K745.6K+$58,843$73,353
ELVELEVANCE HEALTH INCADDED+370.0K616.0K+$132,599$239,599
SOLVSOLVENTUM CORPSOLD OUT−1.05M0−$80,088$0
CLARIVATE PLCSOLD OUT−10.78M0−$42,357$0
TPDSOMNIGROUP INTERNATIONAL INCSOLD OUT−703.3K0−$42,117$0

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

Holdings — Q2 2025

20 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GOOGALPHABET INChistory →CAP STK CL C11.31%$467,2432.63M
2WCCWESCO INTL INChistory →COM9.90%$408,8482.21M
3WILLIS TOWERS WATSON PLC LTDSHS9.75%$402,7971.31M
4CRH PLCORD8.50%$351,1713.83M
5FISFIDELITY NATL INFORMATION SVhistory →COM7.47%$308,5203.79M
6LIBERTY GLOBAL LTDCOM CL C · COM CL A7.39%$305,04029.73M
7DGDOLLAR GEN CORP NEWhistory →COM7.39%$305,0372.67M
8QSRRESTAURANT BRANDS INTL INChistory →COM6.50%$268,4454.05M
9FERGFERGUSON ENTERPRISES INChistory →COMMON STOCK NEW5.97%$246,4931.13M
10ELVELEVANCE HEALTH INChistory →COM5.80%$239,599616.0K
11FISVFISERV INChistory →COM3.74%$154,307895.0K
12EXPEAGLE MATLS INChistory →COM3.31%$136,678676.3K
13VSATVIASAT INChistory →COM3.25%$134,1859.19M
14GDSGDS HLDGS LTDhistory →SPONSORED ADS2.41%$99,3513.25M
15HERBALIFE LTDCOM SHS · NOTE 4.250% 6/12.00%$82,51324.89M
16LBRDKLIBERTY BROADBAND CORPCOM SER C · COM SER A1.79%$74,093753.2K
17ICON PLCSHS1.43%$58,907405.0K
18AMCOR PLCORD1.22%$50,5455.50M
19PAGSEGURO DIGITAL LTDCOM CL A0.58%$24,1002.50M
20TBNTAMBORAN RES CORPhistory →COM0.29%$12,170570.8K

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 ↗.