Baupost Group LLC reported 22 positions worth $5.40B for the quarter ended Jun 30, 2026, up 5.6% on the prior quarter. It opened 2 new positions, added to 6, trimmed 9 and exited 2. Its largest holding is Amazon Com Inc at 16.5% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| GPC Genuine Parts Co | +1.33M | +89.0% | $156.42M | 6.15% |
| AMZN Amazon Com Inc | +625.1K | +20.0% | $148.99M | 16.52% |
| CME Cme Group Inc. | +619.0K | – | $136.69M | 2.53% |
| NCLH Norwegian Cruise Line Holdings Ltd. | +4.10M | +112.9% | $86.55M | 3.02% |
| GOOG Alphabet Inc. | +190.8K | +16.2% | $67.42M | 8.97% |
| AXTA Axalta Coating Systems Ltd. | +1.27M | – | $43.61M | 0.807% |
| GDS GDS Holdings Ltd | +725.0K | +23.8% | $21.77M | 2.1% |
| FERG Ferguson Enterprises Inc. | +8,183 | +0.6% | $1.94M | 6.37% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| WCC Wesco International Inc | -774.0K | -53.9% | $267.36M | 4.24% |
| WTW Willis Towers Watson Plc | -893.1K | -100.0% | $259.63M | Exited |
| UNP Union Pacific Corp | -355.6K | -23.1% | $96.72M | 5.97% |
| QSR Restaurant Brands International Inc. | -1.33M | -16.4% | $96.21M | 9.06% |
| EXP Eagle Materials Inc | -362.0K | -40.5% | $81.45M | 2.21% |
| LBTYK Liberty Global Ltd. | -4.85M | -36.2% | $53.40M | 1.74% |
| PCVX Vaxcyte, Inc. | -800.0K | -100.0% | $46.49M | Exited |
| AON Aon plc | -82.0K | -10.7% | $27.20M | 4.22% |
| TFX Teleflex Inc | -186.0K | -11.7% | $23.58M | 3.31% |
| COLD Americold Realty Trust | -950.6K | -12.2% | $14.94M | 1.99% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | AMZN Amazon Com Inc | Consumer Discretionary | 3.74M | $892.31M | 16.52% | +625.1K | +20.0% | Added | 0.03% |
| 2 | ELV Elevance Health, Inc. | Healthcare | 1.28M | $493.14M | 9.13% | 0 | 0.0% | Unchanged | 0.59% |
| 3 | QSR Restaurant Brands International Inc. | Consumer Discretionary | 6.75M | $489.61M | 9.06% | -1.33M | -16.4% | Reduced | 1.93% |
| 4 | GOOG Alphabet Inc. | Technology | 1.37M | $484.74M | 8.97% | +190.8K | +16.2% | Added | 0.01% |
| 5 | FERG Ferguson Enterprises Inc. | Industrials | 1.45M | $344.27M | 6.37% | +8,183 | +0.6% | Added | 0.75% |
| 6 | GPC Genuine Parts Co | Consumer Discretionary | 2.82M | $332.25M | 6.15% | +1.33M | +89.0% | Added | 2.04% |
| 7 | UNP Union Pacific Corp | Industrials | 1.19M | $322.43M | 5.97% | -355.6K | -23.1% | Reduced | 0.2% |
| 8 | V Visa Inc. | Financial Services | 701.4K | $240.63M | 4.45% | 0 | 0.0% | Unchanged | 0.04% |
| 9 | WCC Wesco International Inc | Industrials | 662.9K | $228.98M | 4.24% | -774.0K | -53.9% | Reduced | 1.36% |
| 10 | AON Aon plc | Financial Services | 687.0K | $227.87M | 4.22% | -82.0K | -10.7% | Reduced | 0.32% |
| 11 | TFX Teleflex Inc | Healthcare | 1.41M | $178.61M | 3.31% | -186.0K | -11.7% | Reduced | 3.23% |
| 12 | NCLH Norwegian Cruise Line Holdings Ltd. | Consumer Discretionary | 7.73M | $163.18M | 3.02% | +4.10M | +112.9% | Added | 1.68% |
| 13 | MOH Molina Healthcare, Inc. | Healthcare | 633.6K | $144.91M | 2.68% | 0 | 0.0% | Unchanged | 1.22% |
| 14 | CME Cme Group Inc. | Financial Services | 619.0K | $136.69M | 2.53% | +619.0K | – | New | 0.17% |
| 15 | HLF Herbalife Ltd. | Consumer Staples | 9.26M | $121.77M | 2.25% | 0 | 0.0% | Unchanged | 8.84% |
Tip. Select a row to see that position’s full history at Baupost.
As of its Q2 2026 13F filing, Baupost Group LLC’s five largest positions were Amazon Com Inc (AMZN) at 16.5%, Elevance Health, Inc. (ELV) at 9.1%, Restaurant Brands International Inc. (QSR) at 9.1%, Alphabet Inc. (GOOG) at 9.0%, Ferguson Enterprises Inc. (FERG) at 6.4% of the reported portfolio.
Baupost Group LLC reported a 13F portfolio worth $5.40B across 22 positions for Q2 2026. That is up 5.6% from the previous quarter.
Its largest purchases by value were Genuine Parts Co ($156.42M), Amazon Com Inc ($148.99M), Cme Group Inc. ($136.69M). It opened 2 new positions.
Its largest sales by value were Wesco International Inc ($267.36M), Willis Towers Watson Plc ($259.63M), Union Pacific Corp ($96.72M). It exited 2 positions entirely.
From the Form 13F-HR reports Baupost Group LLC files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.