13F institutional portfolio research
Baupost Group 13F holdings: portfolio, position changes, and sector exposure
Deterministic analysis from filing data
The current read on Baupost Group's holdings
Baupost Group's reported portfolio starts with scale and concentration. Q1 2026 reports 22 positions totaling $0.0B. The book is moderately concentrated, with the top five positions representing 47% of total value.
New, increased, reduced, and exited positions reveal the moving parts. The largest measured share-count move this quarter was an increase in AMERICOLD REALTY TRUST INC by 123.9%. Baupost Group initiated 6 new positions, the most prominent being AON PLC at $0.2M. 6 positions were fully exited, including FIDELITY NATL INFORMATION SV (last quarter valued at $0.3M).
Baupost Group's trailing filings reveal how active the current quarter really was. Compared with the prior four tracked quarters: reported value is meaningfully higher than the trailing average, led by AMZN and quarter-end market values. This was an unusually active quarter for new positions: 6 versus a trailing average of 3.5. Exits were also above trend: 6 versus a trailing average of 3.5.
Comparable managers show which features of Baupost Group's book are unusual. Duquesne Family Office (68 positions; top sector: Consumer Discretionary); Third Point (33 positions; top sector: Consumer Discretionary); Appaloosa Management (31 positions; top sector: Consumer Discretionary). See the last four quarters table below for the full arc of Baupost Group's reported activity.
Current snapshot
All reported holdings
22 active positions ranked by reported market value.
| Ticker | Company | Shares | Market value | % of portfolio | Change vs. prior quarter |
|---|---|---|---|---|---|
| AMZN | AMAZON COM INC | 3,118,754 | $0.6M | 12.70% | +47.0% |
| QSR | RESTAURANT BRANDS INTL INC | 8,080,112 | $0.6M | 11.67% | 0.0% |
| — | WESCO INTL INC | 1,436,881 | $0.4M | 7.69% | +1.3% |
| — | UNION PAC CORP | 1,540,995 | $0.4M | 7.31% | -5.3% |
| — | ELEVANCE HEALTH INC FORMERLY | 1,275,154 | $0.4M | 7.30% | +0.5% |
| GOOG | ALPHABET INC | 1,181,131 | $0.3M | 6.62% | +8.6% |
| — | FERGUSON ENTERPRISES INC | 1,442,411 | $0.3M | 6.58% | +26.9% |
| — | WILLIS TOWERS WATSON PLC LTD | 893,126 | $0.3M | 5.08% | -34.2% |
| — | AON PLC | 769,000 | $0.2M | 4.85% | New |
| — | VISA INC | 701,355 | $0.2M | 4.14% | New |
| — | TELEFLEX INCORPORATED | 1,595,000 | $0.2M | 3.73% | New |
| — | EAGLE MATLS INC | 892,763 | $0.2M | 3.31% | -24.7% |
| — | GENUINE PARTS CO | 1,490,348 | $0.2M | 3.08% | +0.3% |
| — | LIBERTY GLOBAL LTD | 13,397,247 | $0.2M | 3.07% | -35.9% |
| — | HERBALIFE LTD | 9,259,844 | $0.1M | 2.66% | 0.0% |
| — | GDS HLDGS LTD | 3,044,818 | $0.1M | 2.40% | 0.0% |
| — | AMERICOLD REALTY TRUST INC | 7,780,800 | $0.1M | 1.74% | +123.9% |
| — | MOLINA HEALTHCARE INC | 633,609 | $0.1M | 1.65% | +1.4% |
| — | GRUPO AEROMEXICO SAB DE CV | 4,880,188 | $0.1M | 1.34% | +0.5% |
| — | NORWEGIAN CRUISE LINE HLDGS | 3,630,000 | $0.1M | 1.33% | New |
| — | VAXCYTE INC | 800,000 | $0.0M | 0.91% | New |
| — | DNOW INC | 3,625,000 | $0.0M | 0.84% | New |
Quarter-over-quarter activity
Position changes
New buys 6
- AON PLC $0.2M · of portfolio 4.85%
- VISA INC $0.2M · of portfolio 4.14%
- TELEFLEX INCORPORATED $0.2M · of portfolio 3.73%
- NORWEGIAN CRUISE LINE HLDGS $0.1M · of portfolio 1.33%
- VAXCYTE INC $0.0M · of portfolio 0.91%
- DNOW INC $0.0M · of portfolio 0.84%
Increased positions 9
- AMERICOLD REALTY TRUST INC +123.9% · now $0.1M
- AMZN +47.0% · now $0.6M
- FERGUSON ENTERPRISES INC +26.9% · now $0.3M
- GOOG +8.6% · now $0.3M
- MOLINA HEALTHCARE INC +1.4% · now $0.1M
- WESCO INTL INC +1.3% · now $0.4M
- GRUPO AEROMEXICO SAB DE CV +0.5% · now $0.1M
- ELEVANCE HEALTH INC FORMERLY +0.5% · now $0.4M
- GENUINE PARTS CO +0.3% · now $0.2M
Reduced positions 4
- LIBERTY GLOBAL LTD -35.9% · now $0.2M
- WILLIS TOWERS WATSON PLC LTD -34.2% · now $0.3M
- EAGLE MATLS INC -24.7% · now $0.2M
- UNION PAC CORP -5.3% · now $0.4M
Full exits 6
- FIDELITY NATL INFORMATION SV Previously $0.3M
- DOLLAR GEN CORP NEW Previously $0.3M
- FISERV INC Previously $0.1M
- CRH PLC Previously $0.1M
- LIBERTY GLOBAL LTD Previously $0.0M
- TAMBORAN RES CORP Previously $0.0M
Portfolio composition
Sector exposure
Sector weights use the site’s current US equity classification map.
| Sector | % of portfolio | QoQ change |
|---|---|---|
| Other / unclassified | 80.68% | -3.58 pts |
| Consumer Discretionary | 12.70% | +3.42 pts |
| Communication Services | 6.62% | +0.16 pts |
Rolling filing history
Last 4 quarters
Values are quarter-end 13F market values, not live portfolio values.
Related manager research
How this compares
Duquesne Family Office
Top reported sector: Consumer Discretionary
33 positionsThird Point
Top reported sector: Consumer Discretionary
31 positionsAppaloosa Management
Top reported sector: Consumer Discretionary
See every tracked manager on the 13F investors hub.
Filing interpretation
Common questions about Baupost Group's 13F
- What is Baupost Group's largest reported holding?
- AMZN is Baupost Group's largest active reported position at 12.7% of the portfolio. See its size and share count in the Baupost Group holdings table.
- Which position did Baupost Group increase most?
- AMZN is the largest increase or new position by current reported value. The Baupost Group position-change section separates new and increased holdings.
- Which position did Baupost Group reduce or exit most significantly?
- WILLIS TOWERS WATSON PLC LTD is the largest reduction or exit by prior reported value. Compare it with the other actions in Baupost Group's change grid.
- What new positions did Baupost Group open this quarter?
- Baupost Group initiated 6 positions, led by AON PLC. Each new holding appears in the Baupost Group new-buys list.
- How concentrated is Baupost Group's reported portfolio?
- The five largest positions represent 46.7% of Baupost Group's reported value. The Baupost Group holdings ranking shows whether that concentration comes from one dominant stock or several large positions.
- Which sector is most important in Baupost Group's portfolio?
- Consumer Discretionary is the largest classified sector in Baupost Group's current reported portfolio. The Baupost Group sector breakdown shows weights and quarter-over-quarter changes.
- Does Baupost's 13F include private and distressed investments?
- No. Private investments, many distressed instruments, cash, debt positions, and non-US securities may sit outside the filing. See the Baupost Group four-quarter record for the surrounding trend.
Primary-source record
Source and filing details
- CIK
- 0001061768
- SEC accession
- 0001061768-26-000007
- Report quarter
- 2026-03-31
- Filing date
- 2026-05-14
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Disclaimer: 13F data is public, historical, delayed, and incomplete by design. It is not investment advice. Cross-check material data against the original SEC filing record before acting.