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Built from publicly disclosed institutional and insider activity. Informational purposes only - not investment advice.OpenStocks · v0.1
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  3. Seth Klarman (Baupost Group)
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Hedge Fund · CIK 0001061768

Seth Klarman

Baupost Group
Share
  • Consumer-Focused
  • Mid-Size Fund

Seth Klarman runs Baupost Group, a hedge fund overseeing $5.28B in disclosed equity holdings (SEC CIK 0001061768). The latest portfolio (2025Q4) discloses 22 positions across 8 sectors, with the largest positions in QSR, AMZN and WILLIS TOWERS WATSON PLC LTD. On a mark-to-market basis the tracked portfolio has returned 19.7% over the past year. OpenStocks tracks 40 consecutive quarterly snapshots for this manager — every position change, new entry, and exit is logged below.

Track Seth's filingsView holdings↓
Portfolio
$5.28B
Positions
22
Quarter
2025Q4
Filings tracked
40
1Y+19.7%Since filing+161.8%Full performance →
Quarter
2025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q1

Holdings

Sorted by value · 2024Q3
21 positions
1
G61188127LIBERTY GLOBAL LTD
26.00%
of portfolio
Number of shares
42,311,011 sh
Holdings current value
$914.34M
Avg closing price
$18.64
Last action
Trimmed 1.8%
2025Q4
Current —
2
G96629103WILLIS TOWERS WATSON PLC LTD
14.92%
of portfolio
Number of shares
1,781,206 sh
Holdings current value
$524.62M
Avg closing price
$247.73
Last action
Added 17.8%
2025Q4
Current —
3
G21810109CLARIVATE PLC
7.86%
of portfolio
Number of shares
38,929,635 sh
Holdings current value
$276.40M
Avg closing price
$6.78
Last action
Exited
2025Q2
Current —
4
GOOGALPHABET INC
Communication Services·Internet Content & Information
6.97%
of portfolio
Number of shares
1,465,588 sh
Holdings current value
$245.03M
Avg closing price
$158.61
+114.0%
Last action
Trimmed 34.5%
2025Q4
Current $339.40
5
G25508105CRH PLC
6.95%
of portfolio
Number of shares
2,636,602 sh
Holdings current value
$244.52M
Avg closing price
$71.21
Last action
Trimmed 46.7%
2025Q4
Current —
6
WCCWESCO INTL INC
Industrials·Industrial Distribution
6.01%
of portfolio
Number of shares
1,258,000 sh
Holdings current value
$211.32M
Avg closing price
$165.07
+93.3%
Last action
Trimmed 6.3%
2025Q4
Current $319.06
7
DGDOLLAR GEN CORP NEW
Consumer Defensive·Discount Stores
5.54%
of portfolio
Number of shares
2,303,800 sh
Holdings current value
$194.83M
Avg closing price
$102.70
+23.3%
Last action
Trimmed 20.8%
2025Q4
Current $126.68
8
G61188101LIBERTY GLOBAL LTD
4.32%
of portfolio
Number of shares
7,194,276 sh
Holdings current value
$151.87M
Avg closing price
$17.77
Last action
Trimmed 29.4%
2025Q4
Current —
9
VSATVIASAT INC
Technology·Communication Equipment
4.15%
of portfolio
Number of shares
12,222,590 sh
Holdings current value
$145.94M
Avg closing price
$66.35
-5.3%
Last action
Exited
2025Q3
Current $62.85
10
EXPEAGLE MATLS INC
Basic Materials·Building Materials
4.09%
of portfolio
Number of shares
500,273 sh
Holdings current value
$143.90M
Avg closing price
$237.87
-15.4%
Last action
Added 96.4%
2025Q4
Current $201.28
11
SOLVSOLVENTUM CORP
Healthcare·Medical Instruments & Supplies
3.61%
of portfolio
Number of shares
1,820,000 sh
Holdings current value
$126.89M
Avg closing price
$52.88
+33.3%
Last action
Exited
2025Q2
Current $70.48
12
GDSGDS HLDGS LTDADR
Technology·Information Technology Services
2.47%
of portfolio
Number of shares
4,249,952 sh
Holdings current value
$86.70M
Avg closing price
$7.67
+482.4%
Last action
Trimmed 4.6%
2025Q4
Current $44.70
13
FISFIDELITY NATL INFORMATION SV
Technology·Information Technology Services
2.31%
of portfolio
Number of shares
971,460 sh
Holdings current value
$81.36M
Avg closing price
$70.51
-31.2%
Last action
Added 277.5%
2025Q4
Current $48.50
14
JJACOBS SOLUTIONS INC
Industrials·Engineering & Construction
1.31%
of portfolio
Number of shares
350,681 sh
Holdings current value
$45.90M
Avg closing price
$134.29
-4.0%
Last action
Exited
2024Q4
Current $128.93
15
FTREFORTREA HLDGS INC
Healthcare·Biotechnology
1.30%
of portfolio
Number of shares
2,293,167 sh
Holdings current value
$45.86M
Avg closing price
$24.97
-58.4%
Last action
Exited
2024Q4
Current $10.38
16
G4412G101HERBALIFE NUTRITION LTD
1.05%
of portfolio
Number of shares
5,124,526 sh
Holdings current value
$36.84M
Avg closing price
$10.57
Last action
Added 41.4%
2025Q4
Current —
17
LBRDKLIBERTY BROADBAND CORP
Communication Services·Telecom Services
0.37%
of portfolio
Number of shares
170,610 sh
Holdings current value
$13.19M
Avg closing price
$93.55
-41.0%
Last action
Exited
2025Q3
Current $55.23
18
HLF 4.25 06/15/28HERBALIFE LTD
0.36%
of portfolio
Number of shares
17,129,000 sh
Holdings current value
$12.56M
Avg closing price
$0.73
Last action
Exited
2025Q4
Current —
19
TBNTAMBORAN RES CORP
0.33%
of portfolio
Number of shares
570,833 sh
Holdings current value
$11.60M
Avg closing price
$20.32
+76.0%
Last action
Trimmed 35.5%
2025Q4
Current $35.76
20
QSRRESTAURANT BRANDS INTL INC
Consumer Cyclical·Restaurants
0.06%
of portfolio
Number of shares
28,294 sh
Holdings current value
$2.04M
Avg closing price
$64.87
+20.7%
Last action
Trimmed 85.9%
2025Q4
Current $78.32
21
LBRDALIBERTY BROADBAND CORP
Communication Services·Telecom Services
0.02%
of portfolio
Number of shares
7,560 sh
Holdings current value
$581.0K
Avg closing price
$76.85
-28.3%
Last action
Exited
2025Q3
Current $55.13

Portfolio heatmap

Box size = % of portfolio · color = return since filing
LIBERTY GLOBAL LTD
26.00%
WILLIS TOWERS WATSON PLC LTD
14.92%
CLARIVATE PLC
7.86%
GOOG
6.97% · +103.0%
CRH PLC
6.95%
WCC
6.01% · +89.9%
DG
5.54% · +49.8%
LIBERTY GLOBAL LTD
4.32%
VSAT
4.15% · +426.4%
EXP
4.09% · -30.0%
SOLV
3.61% · +1.1%
GDS
2.47% · +119.1%
FIS
2.31% · -42.1%
J
1.31% · -1.5%
FTRE
1.30% · -48.1%
HERBALIFE NUTRITION LTD
1.05%
LBRDK
0.37% · -28.5%
HLF 4.25 06/15/28
0.36%
TBN
0.33% · +76.0%
QSR
0.06% · +8.6%
LBRDA
0.02% · -28.3%

Sector exposure

Share of dollar value across the latest reported portfolio. Unclassified positions excluded.
  • Technology3 pos$314.0M23.4%
  • Communication Services3 pos$258.8M19.3%
  • Industrials2 pos$257.2M19.1%
  • Consumer Defensive1 pos$194.8M14.5%
  • Healthcare2 pos$172.8M12.9%
  • Basic Materials1 pos$143.9M10.7%
  • Consumer Cyclical1 pos$2.0M0.2%
(61.8% unclassified, excluded from %)