Investor profile · Q1 2026 13F

Seth Klarman’s Portfolio

Author of the out-of-print classic Margin of Safety and one of the most respected value investors alive. Baupost runs a concentrated public book alongside large private and credit positions.

Portfolio value

$5.12B

Holdings

Last 13F filed

May 14, 2026

Report quarter

Q1 2026

Top holdings

1AMZNAmazon Com Inc$649.54M12.7%2QSRRestaurant Brands Intl Inc$597.21M11.7%3WCCWesco Intl Inc$393.16M7.7%4UNPUnion Pac Corp$373.88M7.3%5ELVElevance Health Inc Formerly$373.30M7.3%6GOOGAlphabet Inc$338.82M6.6%7FERGFerguson Enterprises Inc$336.46M6.6%8—Willis Towers Watson Plc Ltd$259.63M5.1%9—Aon Plc$248.22M4.9%10VVisa Inc$211.98M4.1%

Full holdings, history & AI analysis on the Baupost Group page →

Data source: Baupost Group’s SEC Form 13F-HR filings, most recently filed May 14, 2026. 13F filings disclose long U.S. equity positions only, with up to a 45-day lag. How we process this data →