The Baupost Group
Seth Klarman.
CIK 0001061165 · Last filing 2026-03-31
Reported AUM (top 30)
$11,065,626,900,000.00
Today's value (top 30)
$12,954,709,671.08
Since filing
-99.88%
Total positions
36
Estimated performance
Daily value of the reported top-30 positions, marked to market. Position snapshots refresh at each 13F filing. Not a total-portfolio P&L — only the equities in their 13F.
vs
Top holdings
CRS$1.02B-99.86%
VST$949.92M-99.90%
TER$809.85M-99.85%
APP$763.02M-99.87%
HUT$730.57M-99.74%
TLN$702.11M-99.88%
GLW$698.57M-99.86%
TSM$613.34M-99.87%
LPLA$605.40M-99.90%
MTZ$569.32M-99.88%
WULF$561.19M-99.80%
BN$512.03M-99.89%
ENTG$507.41M-99.86%
CLH$498.46M-99.90%
COF$441.21M-99.89%
MDLN$440.09M-99.92%
PFGC$414.13M-99.88%
THC$404.56M-99.91%
CIEN$375.14M-99.88%
USFD$354.70M-99.90%
MCK
AGX
CVNA
GOOGL
TDG
VMC
APH
HLT
V
MA
Positions detail
| Symbol | Shares | Value | Now |
|---|---|---|---|
| VST | 6,187,585 | $930.2B | $153.52 |
| CRS | 1,817,940 | $716.5B | $563.60 |
| LPLA | 2,049,967 | $616.7B | $295.32 |
| APP | 1,464,923 | $583.0B | $520.86 |
| TLN | 1,817,947 | $580.3B | $386.21 |
| TER | 1,872,876 | $555.2B | $432.41 |
| CVNA | 1,754,709 | $551.6B | $68.90 |
| MDLN | 11,789,156 | $524.6B | $37.33 |
| GLW | 3,718,147 | $505.6B | $187.88 |
| CLH | 1,754,950 | $503.2B | $284.03 |
| MTZ | 1,531,050 | $492.6B | $371.85 |
| TSM | 1,389,530 | $469.6B | $441.40 |
| BN | 11,208,969 | $453.6B | $45.68 |
| THC | 2,258,717 | $426.2B | $179.11 |
| COF | 2,267,056 | $413.6B | $194.62 |
| ENTG | 3,115,054 | $365.2B | $162.89 |
| USFD | 3,795,998 | $350.0B | $93.44 |
| PFGC | 3,978,158 | $340.8B | $104.10 |
| MCK | 392,224 | $339.4B | $779.78 |
| CIEN | 809,522 | $314.3B | $463.41 |
| WULF | 19,921,430 | $287.5B | $28.17 |
| HUT | 6,078,951 | $285.2B | $120.18 |
| AGX | 393,134 | $214.1B | $688.87 |
| GOOGL | 187,561 | $53.9B | $369.35 |
| TDG | 35,677 | $41.3B | $1,277.35 |
| VMC | 144,179 | $39.3B | $292.99 |
| MA | 57,201 | $28.6B | $490.64 |
| APH | 223,084 | $28.2B | $158.59 |
| V | 92,775 | $28.0B | $323.82 |
| HLT | 89,249 | $27.1B | $347.11 |
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 |
|---|---|---|---|---|---|
| 2026-03-31 | BUY | AGX | 393,134 | $428.03 | $168.3M |
| 2026-03-31 | SELL | APH | 2,586,689 | $140.53 | $363.5M |
| 2026-03-31 | BUY | APP | 684,393 | $471.76 | $322.9M |
| 2026-03-31 | SELL | BKNG | 2,225 | $177.28 | $394.4K |
| 2026-03-31 | SELL | BN | 4,714,391 | $44.01 | $207.5M |
| 2026-03-31 | SELL | BSX | 97,048 | $78.31 | $7.6M |
| 2026-03-31 | BUY | CIEN | 809,522 | $304.86 | $246.8M |
| 2026-03-31 | BUY | CLH | 376,825 | $274.34 | $103.4M |
| 2026-03-31 | SELL | COF | 27,835 | $209.11 | $5.8M |
| 2026-03-31 | BUY | CRS | 505,002 | $359.30 | $181.4M |
| 2026-03-31 | SELL | CVNA | 24,619 | $73.86 | $1.8M |
| 2026-03-31 | BUY | ENTG | 60,824 | $117.92 | $7.2M |
| 2026-03-31 | BUY | GLW | 3,718,147 | $126.40 | $470.0M |
| 2026-03-31 | BUY | GOOGL | 187,561 | $314.74 | $59.0M |
| 2026-03-31 | BUY | HLT | 31,432 | $303.77 | $9.5M |
| 2026-03-31 | BUY | HUT | 6,078,951 | $54.33 | $330.3M |
| 2026-03-31 | SELL | KKR | 4,821,777 | $100.84 | $486.2M |
| 2026-03-31 | SELL | LPLA | 24,981 | $330.53 | $8.3M |
| 2026-03-31 | SELL | MA | 39,137 | $527.08 | $20.6M |
| 2026-03-31 | BUY | MCK | 392,224 | $896.69 | $351.7M |
| 2026-03-31 | BUY | MDLN | 72,459 | $43.57 | $3.2M |
| 2026-03-31 | BUY | MTZ | 1,531,050 | $272.53 | $417.3M |
| 2026-03-31 | BUY | PFGC | 3,978,158 | $91.83 | $365.3M |
| 2026-03-31 | BUY | TDG | 16,449 | $1,299.22 | $21.4M |
| 2026-03-31 | BUY | TER | 1,872,876 | $280.33 | $525.0M |
| 2026-03-31 | BUY | THC | 471,391 | $211.88 | $99.9M |
| 2026-03-31 | BUY | TLN | 525,431 | $352.48 | $185.2M |
| 2026-03-31 | SELL | TSM | 1,662,870 | $342.89 | $570.2M |
| 2026-03-31 | BUY | USFD | 3,795,998 | $89.10 | $338.2M |
| 2026-03-31 | BUY | V | 77,558 | $321.15 | $24.9M |
| 2026-03-31 | SELL | VMC | 1,539,753 | $291.53 | $448.9M |
| 2026-03-31 | BUY | VST | 975,700 | $161.10 | $157.2M |
| 2026-03-31 | BUY | WULF | 19,921,430 | $15.01 | $299.1M |
| 2026-03-31 | SELL | AFRM | 3,817,170 | $57.07 | $217.8M |
| 2026-03-31 | SELL | AMZN | 2,414,520 | $218.25 | $527.0M |
| 2026-03-31 | SELL | AVGO | 1,730,216 | $328.22 | $567.9M |
| 2026-03-31 | SELL | DASH | 2,529,879 | $181.75 | $459.8M |
| 2026-03-31 | SELL | MSFT | 1,234,125 | $414.86 | $512.0M |
| 2026-03-31 | SELL | PM | 2,643,579 | $173.91 | $459.7M |
| 2026-03-31 | SELL | WING | 1,595,258 | $232.67 | $371.2M |
| 2025-12-31 | BUY | AFRM | 3,817,170 | $71.91 | $274.5M |
| 2025-12-31 | SELL | AMZN | 397,408 | $229.14 | $91.1M |
| 2025-12-31 | SELL | APH | 213,458 | $133.64 | $28.5M |
| 2025-12-31 | SELL | APP | 328,608 | $623.79 | $205.0M |
| 2025-12-31 | BUY | AVGO | 180,804 | $356.16 | $64.4M |
| 2025-12-31 | SELL | BKNG | 26,521 | $204.55 | $5.4M |
| 2025-12-31 | BUY | BN | 5,742,012 | $45.30 | $260.1M |
| 2025-12-31 | BUY | BSX | 201,703 | $97.74 | $19.7M |
| 2025-12-31 | BUY | CLH | 1,378,125 | $226.20 | $311.7M |
| 2025-12-31 | SELL | COF | 274,600 | $220.38 | $60.5M |