# Baupost Group portfolio: Q2 2026 13F holdings | moatshark

Seth Klarman’s Baupost Group: $5.4bn in 23 US holdings at Q2 2026, with buys and sells.

In Q2 2026, Baupost Group held 23 US-listed stocks worth $5.4bn. Its biggest move was selling all of its Willis Towers Watson (5.1% the quarter before), followed by adding to Amazon.com (20% more shares, now 16%). It started 3 new positions and sold out of 2. Its largest holding is Amazon.com at 16%.

13F for the quarter ending 2026-06-30, filed 2026-08-13 ([filing](https://www.sec.gov/Archives/edgar/data/1061768/000106176826000010/0001061768-26-000010-index.html)). $5.4bn in US-listed holdings.

## 13F holdings

| Company | Value | Portfolio | Change | Q1 2026 |
| --- | --- | --- | --- | --- |
| Amazon.com (AMZN) | $892m | 16.5% | Added +20% | 12.7% |
| Elevance Health (ELV) | $493m | 9.1% | Unchanged | 7.3% |
| Restaurant Brands International (QSR) | $490m | 9.0% | Trimmed -16% | 11.7% |
| Alphabet (GOOG) | $485m | 8.9% | Added +16% | 6.6% |
| Ferguson Enterprises (FERG) | $344m | 6.4% | Added +0.6% | 6.6% |
| Genuine Parts (GPC) | $332m | 6.1% | Added +89% | 3.1% |
| Union Pacific (UNP) | $322m | 6.0% | Trimmed -23% | 7.3% |
| Visa (V) | $241m | 4.4% | Unchanged | 4.1% |
| WESCO International (WCC) | $229m | 4.2% | Trimmed -54% | 7.7% |
| Aon (AON) | $228m | 4.2% | Trimmed -11% | 4.8% |
| Teleflex (TFX) | $179m | 3.3% | Trimmed -12% | 3.7% |
| Norwegian Cruise Line Holdings (NCLH) | $163m | 3.0% | Added +113% | 1.3% |
| Molina Healthcare (MOH) | $145m | 2.7% | Unchanged | 1.6% |
| CME Group (CME) | $137m | 2.5% | New | – |
| Herbalife (HLF) | $122m | 2.3% | Unchanged | 2.7% |
| Eagle Materials (EXP) | $119m | 2.2% | Trimmed -40% | 3.3% |
| GDS Holdings (GDS) | $113m | 2.1% | Added +24% | 2.4% |
| Americold Realty Trust (COLD) | $107m | 2.0% | Trimmed -12% | 1.7% |
| Liberty Global (LBTYA) | $94.0m | 1.7% | Trimmed -36% | 3.1% |
| Grupo Aeromexico (AERO) | $87.8m | 1.6% | Unchanged | 1.3% |
| Axalta Coating Systems (AXTA) | $43.6m | 0.8% | New | – |
| Now (DNOW) | $36.2m | 0.7% | Trimmed -23% | 0.8% |
| Pershing Square (PS) | $12.9m | 0.2% | New | – |
| Willis Towers Watson (WTW) | – | – | Sold out | 5.1% |
| Vaxcyte (PCVX) | – | – | Sold out | 0.9% |

Source: SEC filings, via moatshark (https://www.moatshark.com/m/baupost-group). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.