The Baupost Group

Seth Klarman.

CIK 0001061165 · Last filing 2026-03-31

Reported AUM (top 30)

$11,065,626,900.00

Today's value (top 30)

$11,041,945,979.10

Since filing

-0.21%

Total positions

TradeandTell is not affiliated with or endorsed by The Baupost Group. Holdings are derived from public SEC 13F filings and may be reported with a delay of up to 45 days.

Estimated performance

Chart from Jun 30, 2024

Daily value of the reported top-30 share positions, marked to market. Excludes cash, fund inflows/outflows, holdings outside the top 30, and option positions (puts/calls) — a 13F doesn't disclose strikes or expiries, so their P&L can't be reconstructed honestly. Treat as a directional indicator of the equity sleeve, not a full fund P&L.

Over this period · Portfolio vs

S&P 500(−32.2 pts behind)

Range+7.31%

Estimated performance

Top holdings

VST-5.9%

CRS+6.9%

LPLA+14.7%

TER+12.6%

THC+40.2%

TSM+24.5%

CLH+12.6%

HUT+92.3%

GLW+6.6%

TLN-9.8%

APP-17.1%

COF+12.6%

BN-5.6%

ENTG+10.9%

MDLN-27.1%

PFGC+8.8%

USFD+2.8%

MCK+5.3%

MTZ-28.6%

WULF+8.2%

CIEN-16.8%

AGX-27.8%

CVNA-77.6%

GOOGL+20.4%

TDG-4.2%

VMC-8.0%

V+23.3%

MA+13.7%

HLT+2.1%

APH

Positions detail

Symbol	Shares	Value	Now	Since filing
VST	6,187,585	$930.2M	$141.50	-5.9%
CRS	1,817,940	$716.5M	$421.16	+6.9%
LPLA	2,049,967	$616.7M	$345.14	+14.7%

Synthesized trades (quarter VWAP)

These are NOT actual broker fills — they're what we estimate the manager did, based on the share-count delta between successive 13F filings, priced at the volume-weighted average across the quarter.

Quarter	Side	Symbol	Shares	Est. price	Notional	% of position
2026-03-31	BUY	GOOGL	187,561	$314.74	$59.0M	NEW
2026-03-31	SELL	APH	2,586,689	$140.53	$363.5M	-92.1%
2026-03-31	BUY	APP	684,393	$471.76	$322.9M	+87.7%