What Seth Klarman Bought in Q2 2025
Baupost Group · Quarterly 13F recap as filed with the SEC.
Period: 2025-06-30 · Filed · Historical
$4.13B
Total Value
23
Holdings
3
New Buys
3
Reduced
In Q2 2025, Seth Klarman reported 23 long equity positions worth $4.13B in their Baupost Group 13F filing, including 3 new positions (largest: FISERV INC at $154.3M) and 10 increased positions.
| Rank | Ticker | Company | Shares | Value | % Portfolio | Change |
|---|---|---|---|---|---|---|
| 1 | GOOG | ALPHABET INC | 2633988 | $467.2M | 11.31% | +26.8% |
| 2 | WCC | WESCO INTL INC | 2207601 | $408.8M | 9.90% | +10.1% |
| 3 | WTW | WILLIS TOWERS WATSON PLC LTD | 1314184 | $402.8M | 9.75% | -13.9% |
| 4 | CRH | CRH PLC | 3825395 | $351.2M | 8.50% | +42.0% |
| 5 | FIS | FIDELITY NATL INFORMATION SV | 3789711 | $308.5M | 7.47% | +8.5% |
| 6 | DG | DOLLAR GEN CORP NEW | 2666876 | $305.0M | 7.39% | +26.7% |
| 7 | QSR | RESTAURANT BRANDS INTL INC | 4049562 | $268.4M | 6.50% | +4.2% |
| 8 | LBTYK | LIBERTY GLOBAL LTD | 24657803 | $254.2M | 6.16% | — |
| 9 | FERG | FERGUSON ENTERPRISES INC | 1132000 | $246.5M | 5.97% | — |
| 10 | ELV | ELEVANCE HEALTH INC | 616000 | $239.6M | 5.80% | +150.4% |
| 11 | FISV | FISERV INC | 895000 | $154.3M | 3.74% | NEW |
| 12 | EXP | EAGLE MATLS INC | 676257 | $136.7M | 3.31% | -25.7% |
| 13 | VSAT | VIASAT INC | 9190728 | $134.2M | 3.25% | +-9.8% |
| 14 | GDHLF | GDS HLDGS LTD | 3249952 | $99.4M | 2.41% | -23.5% |
| 15 | LBRDK | LIBERTY BROADBAND CORP | 745610 | $73.4M | 1.78% | +337.0% |
| 16 | HLF | HERBALIFE LTD | 7759844 | $66.9M | 1.62% | +2.1% |
| 17 | ICLR | ICON PLC | 405000 | $58.9M | 1.43% | — |
| 18 | LBTYK | LIBERTY GLOBAL LTD | 5076762 | $50.8M | 1.23% | — |
| 19 | AMCR | AMCOR PLC | 5500000 | $50.5M | 1.22% | NEW |
| 20 | PAGS | PAGSEGURO DIGITAL LTD | 2500000 | $24.1M | 0.58% | NEW |
| 21 | HLF | HERBALIFE LTD | 17129000 | $15.6M | 0.38% | — |
| 22 | TBNRL | TAMBORAN RES CORP | 570833 | $12.2M | 0.29% | — |
| 23 | LBRDA | LIBERTY BROADBAND CORP | 7560 | $740K | 0.02% | — |