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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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  1. Home/
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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 · 2025Q1
23 positions
1
G96629103WILLIS TOWERS WATSON PLC LTD
14.75%
of portfolio
Number of shares
1,525,667 sh
Holdings current value
$515.60M
Avg closing price
$247.73
Last action
Added 21.4%
2025Q4
Current —
2
GOOGALPHABET INC
Communication Services·Internet Content & Information
9.29%
of portfolio
Number of shares
2,077,988 sh
Holdings current value
$324.64M
Avg closing price
$158.61
+114.0%
Last action
Trimmed 27.1%
2025Q4
Current $339.40
3
WCCWESCO INTL INC
Industrials·Industrial Distribution
8.91%
of portfolio
Number of shares
2,005,601 sh
Holdings current value
$311.47M
Avg closing price
$165.07
+93.3%
Last action
Trimmed 4.0%
2025Q4
Current $319.06
4
G61188127LIBERTY GLOBAL LTD
8.44%
of portfolio
Number of shares
24,657,803 sh
Holdings current value
$295.15M
Avg closing price
$18.64
Last action
Trimmed 3.0%
2025Q4
Current —
5
FISFIDELITY NATL INFORMATION SV
Technology·Information Technology Services
7.46%
of portfolio
Number of shares
3,492,947 sh
Holdings current value
$260.85M
Avg closing price
$70.51
-31.2%
Last action
Added 25.7%
2025Q4
Current $48.50
6
QSRRESTAURANT BRANDS INTL INC
Consumer Cyclical·Restaurants
7.41%
of portfolio
Number of shares
3,886,562 sh
Holdings current value
$259.00M
Avg closing price
$64.87
+20.7%
Last action
Trimmed 4.3%
2025Q4
Current $78.32
7
G25508105CRH PLC
6.78%
of portfolio
Number of shares
2,694,395 sh
Holdings current value
$237.03M
Avg closing price
$71.21
Last action
Trimmed 46.2%
2025Q4
Current —
8
EXPEAGLE MATLS INC
Basic Materials·Building Materials
5.77%
of portfolio
Number of shares
909,633 sh
Holdings current value
$201.88M
Avg closing price
$237.87
-15.4%
Last action
Added 37.0%
2025Q4
Current $201.28
9
DGDOLLAR GEN CORP NEW
Consumer Defensive·Discount Stores
5.29%
of portfolio
Number of shares
2,104,876 sh
Holdings current value
$185.08M
Avg closing price
$102.70
+23.3%
Last action
Trimmed 22.3%
2025Q4
Current $126.68
10
FERGFERGUSON ENTERPRISES INC
Industrials·Industrial Distribution
5.19%
of portfolio
Number of shares
1,132,000 sh
Holdings current value
$181.38M
Avg closing price
$174.61
+49.2%
Last action
Trimmed 1.6%
2025Q4
Current $260.49
11
GDSGDS HLDGS LTDADR
Technology·Information Technology Services
3.08%
of portfolio
Number of shares
4,249,952 sh
Holdings current value
$107.65M
Avg closing price
$7.67
+482.4%
Last action
Trimmed 4.6%
2025Q4
Current $44.70
12
ELVANTHEM INC
Healthcare·Healthcare Plans
3.06%
of portfolio
Number of shares
246,000 sh
Holdings current value
$107.00M
Avg closing price
$362.45
-10.9%
Last action
Trimmed 16.8%
2025Q4
Current $323.05
13
VSATVIASAT INC
Technology·Communication Equipment
3.04%
of portfolio
Number of shares
10,190,728 sh
Holdings current value
$106.19M
Avg closing price
$66.35
-5.3%
Last action
Exited
2025Q3
Current $62.85
14
SOLVSOLVENTUM CORP
Healthcare·Medical Instruments & Supplies
2.29%
of portfolio
Number of shares
1,053,240 sh
Holdings current value
$80.09M
Avg closing price
$52.88
+33.3%
Last action
Exited
2025Q2
Current $70.48
15
G4705A100ICON PLC
2.03%
of portfolio
Number of shares
405,000 sh
Holdings current value
$70.87M
Avg closing price
$174.99
Last action
Exited
2025Q3
Current —
16
G4412G101HERBALIFE NUTRITION LTD
1.88%
of portfolio
Number of shares
7,600,526 sh
Holdings current value
$65.59M
Avg closing price
$10.57
Last action
Added 24.6%
2025Q4
Current —
17
G61188101LIBERTY GLOBAL LTD
1.67%
of portfolio
Number of shares
5,076,762 sh
Holdings current value
$58.43M
Avg closing price
$17.77
Last action
Trimmed 37.1%
2025Q4
Current —
18
G21810109CLARIVATE PLC
1.21%
of portfolio
Number of shares
10,777,863 sh
Holdings current value
$42.36M
Avg closing price
$6.78
Last action
Exited
2025Q2
Current —
19
SGITEMPUR SEALY INTL INC
Consumer Cyclical·Furnishings, Fixtures & Appliances
1.20%
of portfolio
Number of shares
703,349 sh
Holdings current value
$42.12M
Avg closing price
$59.88
+42.0%
Last action
Exited
2025Q2
Current $85.01
20
HLF 4.25 06/15/28HERBALIFE LTD
0.42%
of portfolio
Number of shares
17,129,000 sh
Holdings current value
$14.83M
Avg closing price
$0.73
Last action
Exited
2025Q4
Current —
21
LBRDKLIBERTY BROADBAND CORP
Communication Services·Telecom Services
0.42%
of portfolio
Number of shares
170,610 sh
Holdings current value
$14.51M
Avg closing price
$93.55
-41.0%
Last action
Exited
2025Q3
Current $55.23
22
TBNTAMBORAN RES CORP
0.39%
of portfolio
Number of shares
570,833 sh
Holdings current value
$13.69M
Avg closing price
$20.32
+76.0%
Last action
Trimmed 35.5%
2025Q4
Current $35.76
23
LBRDALIBERTY BROADBAND CORP
Communication Services·Telecom Services
0.02%
of portfolio
Number of shares
7,560 sh
Holdings current value
$643.0K
Avg closing price
$76.85
-28.3%
Last action
Exited
2025Q3
Current $55.13

Portfolio heatmap

Box size = % of portfolio · color = return since filing
WILLIS TOWERS WATSON PLC LTD
14.75%
GOOG
9.29% · +117.2%
WCC
8.91% · +105.4%
LIBERTY GLOBAL LTD
8.44%
FIS
7.46% · -35.1%
QSR
7.41% · +17.5%
CRH PLC
6.78%
EXP
5.77% · -9.3%
DG
5.29% · +44.1%
FERG
5.19% · +62.6%
GDS
3.08% · +76.5%
ELV
3.06% · -25.7%
VSAT
3.04% · +503.2%
SOLV
2.29% · -7.3%
ICON PLC
2.03%
HERBALIFE NUTRITION LTD
1.88%
LIBERTY GLOBAL LTD
1.67%
CLARIVATE PLC
1.21%
SGI
1.20% · +42.0%
HLF 4.25 06/15/28
0.42%
LBRDK
0.42% · -35.1%
TBN
0.39% · +49.1%
LBRDA
0.02% · -35.2%

Sector exposure

Share of dollar value across the latest reported portfolio. Unclassified positions excluded.
  • Industrials2 pos$492.9M22.6%
  • Technology3 pos$474.7M21.7%
  • Communication Services3 pos$339.8M15.6%
  • Consumer Cyclical2 pos$301.1M13.8%
  • Basic Materials1 pos$201.9M9.2%
  • Healthcare2 pos$187.1M8.6%
  • Consumer Defensive1 pos$185.1M8.5%
(37.6% unclassified, excluded from %)