Baupost Seth Klarman
Holdings as of the end of Q2 2025, reported in its 13F filing on Aug 13, 2025; changes vs Q1 2025. Source
Reported value
$4.1B
at quarter-end prices
Positions
22
top 10 are 79% of it
Bought · Q2 2025
8
3 new, 5 added 20%+
Sold · Q2 2025
5
3 sold out, 2 cut 20%+
Holdings 22
| # | Stock | Company | Shares | Value | Of portfolio | Shares vs Q1 2025 |
|---|---|---|---|---|---|---|
| 1 | GOOG | ALPHABET INC | 2,633,988 | $467.2M | 11.4% | +27% |
| 2 | WCC | WESCO INTL INC | 2,207,601 | $408.8M | 9.9% | +10% |
| 3 | WTW | WILLIS TOWERS WATSON PLC LTD | 1,314,184 | $402.8M | 9.8% | -14% |
| 4 | — | CRH PLC | 3,825,395 | $351.2M | 8.5% | +42% |
| 5 | FIS | FIDELITY NATL INFORMATION SV | 3,789,711 | $308.5M | 7.5% | +8% |
| 6 | DG | DOLLAR GEN CORP NEW | 2,666,876 | $305M | 7.4% | +27% |
| 7 | QSR | RESTAURANT BRANDS INTL INC | 4,049,562 | $268.4M | 6.5% | +4% |
| 8 | — | LIBERTY GLOBAL LTD | 24,657,803 | $254.2M | 6.2% | — |
| 9 | FERG | FERGUSON ENTERPRISES INC | 1,132,000 | $246.5M | 6.0% | — |
| 10 | ELV | ELEVANCE HEALTH INC | 616,000 | $239.6M | 5.8% | +150% |
| 11 | FISV | FISERV INC | 895,000 | $154.3M | 3.8% | new |
| 12 | EXP | EAGLE MATLS INC | 676,257 | $136.7M | 3.3% | -26% |
| 13 | VSAT | VIASAT INC | 9,190,728 | $134.2M | 3.3% | -10% |
| 14 | GDS | GDS HLDGS LTD | 3,249,952 | $99.4M | 2.4% | -24% |
| 15 | — | LIBERTY BROADBAND CORP | 745,610 | $73.4M | 1.8% | +337% |
| 16 | HLF | HERBALIFE LTD | 7,759,844 | $66.9M | 1.6% | +2% |
| 17 | ICLR | ICON PLC | 405,000 | $58.9M | 1.4% | — |
| 18 | — | LIBERTY GLOBAL LTD | 5,076,762 | $50.8M | 1.2% | — |
| 19 | — | AMCOR PLC | 5,500,000 | $50.5M | 1.2% | new |
| 20 | PAGS | PAGSEGURO DIGITAL LTD | 2,500,000 | $24.1M | 0.59% | new |
| 21 | TBN | TAMBORAN RES CORP | 570,833 | $12.2M | 0.30% | — |
| 22 | — | LIBERTY BROADBAND CORP | 7,560 | $740K | 0.02% | — |
Sold out in Q2 2025 3
13F filings list US-listed long positions (stocks and ADRs) at the quarter's end: no shorts, cash, bonds or foreign shares; options and principal amounts are left out here. Trades made after the quarter ended don't show until the next filing. Changes compare share counts with the quarter before (splits can show as adds). Not investment advice.