What Seth Klarman Bought in Q1 2026
Baupost Group · Quarterly 13F recap as filed with the SEC.
Period: 2026-03-31 · Filed · Historical
$5.12B
Total Value
22
Holdings
6
New Buys
2
Reduced
In Q1 2026, Seth Klarman reported 22 long equity positions worth $5.12B in their Baupost Group 13F filing, including 6 new positions (largest: AON PLC at $248.2M) and 11 increased positions.
| Rank | Ticker | Company | Shares | Value | % Portfolio | Change |
|---|---|---|---|---|---|---|
| 1 | AMZN | AMAZON COM INC | 3118754 | $649.5M | 12.70% | +47.0% |
| 2 | QSR | RESTAURANT BRANDS INTL INC | 8080112 | $597.2M | 11.67% | — |
| 3 | WCC | WESCO INTL INC | 1436881 | $393.2M | 7.69% | +1.3% |
| 4 | UNP | UNION PAC CORP | 1540995 | $373.9M | 7.31% | -5.3% |
| 5 | ELV | ELEVANCE HEALTH INC FORMERLY | 1275154 | $373.3M | 7.30% | +0.5% |
| 6 | GOOG | ALPHABET INC | 1181131 | $338.8M | 6.62% | +8.6% |
| 7 | FERG | FERGUSON ENTERPRISES INC | 1442411 | $336.5M | 6.58% | +26.9% |
| 8 | WTW | WILLIS TOWERS WATSON PLC LTD | 893126 | $259.6M | 5.08% | +-34.2% |
| 9 | AON | AON PLC | 769000 | $248.2M | 4.85% | NEW |
| 10 | V | VISA INC | 701355 | $212.0M | 4.14% | NEW |
| 11 | TFX | TELEFLEX INCORPORATED | 1595000 | $190.8M | 3.73% | NEW |
| 12 | EXP | EAGLE MATLS INC | 892763 | $169.1M | 3.31% | +-24.7% |
| 13 | GPC | GENUINE PARTS CO | 1490348 | $157.6M | 3.08% | +0.3% |
| 14 | LBTYK | LIBERTY GLOBAL LTD | 13397247 | $157.2M | 3.07% | -35.9% |
| 15 | HLF | HERBALIFE LTD | 9259844 | $136.3M | 2.66% | — |
| 16 | GDHLF | GDS HLDGS LTD | 3044818 | $122.7M | 2.40% | — |
| 17 | COLD | AMERICOLD REALTY TRUST INC | 7780800 | $89.2M | 1.74% | +123.9% |
| 18 | MOH | MOLINA HEALTHCARE INC | 633609 | $84.5M | 1.65% | +1.4% |
| 19 | AERO | GRUPO AEROMEXICO SAB DE CV | 4880188 | $68.4M | 1.34% | +0.5% |
| 20 | NCLH | NORWEGIAN CRUISE LINE HLDGS | 3630000 | $67.9M | 1.33% | NEW |
| 21 | PCVX | VAXCYTE INC | 800000 | $46.5M | 0.91% | NEW |
| 22 | DNOW | DNOW INC | 3625000 | $43.2M | 0.84% | NEW |