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BAUPOST GROUP LLC/MA

Q3 2025 · Filed 2025-11-13
Market Value
$4.5B
+18.4%
Holdings
22
New Purchases
3
Added To
4
Closed
4
Reduced
4
Top 10 Concentration
81.9%
Turnover
31.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
UNP 7.95% 0.00% +7.95% $354M
QSR 11.89% 7.14% +4.75% $529M
GPC 4.34% 0.00% +4.34% $193M
ANTM 9.58% 6.37% +3.20% $426M
EXP 4.92% 3.64% +1.28% $219M
COLD 0.99% 0.00% +0.99% $44M
GDS 2.83% 2.64% +0.18% $126M
TBN 0.35% 0.32% +0.03% $16M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
WCC 7.14% 10.88% -3.73% $318M
VSAT 0.00% 3.57% -3.57% $0
FIS 5.62% 8.21% -2.59% $250M
WTW 8.45% 10.72% -2.26% $376M
GOOG 10.17% 12.43% -2.26% $453M
LBRDK 0.00% 1.95% -1.95% $0
DG 6.19% 8.12% -1.92% $276M
ICLR 0.00% 1.57% -1.57% $0
FI 2.59% 4.11% -1.51% $115M
FERG 5.83% 6.56% -0.73% $260M
HLF 1.47% 1.78% -0.31% $65M
CRH.L 9.12% 9.34% -0.23% $406M
PAGS 0.56% 0.64% -0.08% $25M
LBRDA 0.00% 0.02% -0.02% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 1 $453M 10.2%
Large Cap 12 $3.5B 78.7%
Mid Cap 7 $414M 9.3%
Small Cap 2 $81M 1.8%

Portfolio Analytics

Avg Market Cap
$235.3B
Median Market Cap
$15.7B
Avg P/E
28.5
Median P/E
15.4
Avg Dividend Yield
0.02%
Avg Beta
0.82
# Stocks
22
# ETFs / Funds
0

Top Holdings (22 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 QSR 11.89% 8,252,862 $529M $64.14 $261M +4,203,300 +103.8%
2 GOOG 10.17% 1,858,138 $453M $243.55 -$15M -775,850 -29.5%
3 ANTM 9.58% 1,319,000 $426M $323.12 $187M +703,000 +114.1%
4 CRH.L 9.12% 3,383,395 $406M $119.90 $54M -442,000 -11.6%
5 WTW 8.45% 1,089,065 $376M $345.45 -$27M -225,119 -17.1%
6 UNP 7.95% 1,496,204 $354M $236.37 +1,496,204 NEW
7 WCC 7.14% 1,503,180 $318M $211.50 -$91M -704,421 -31.9%
8 DG 6.19% 2,666,876 $276M $103.35 -$29M
9 FERG 5.83% 1,155,500 $260M $224.58 $13M +23,500 +2.1%
10 FIS 5.62% 3,789,711 $250M $65.94 -$59M
11 EXP 4.92% 939,660 $219M $233.04 $82M +263,403 +39.0%
12 GPC 4.34% 1,395,000 $193M $138.60 +1,395,000 NEW
13 GDS 2.83% 3,249,952 $126M $38.70 $26M
14 FI 2.59% 895,000 $115M $128.93 -$39M
15 HLF 1.47% 7,759,844 $65M $8.44 -$1M
16 COLD 0.99% 3,600,000 $44M $12.24 +3,600,000 NEW
17 PAGS 0.56% 2,500,000 $25M $10.00 $900K
18 TBN 0.35% 570,833 $16M $27.38 $3M
19 VSAT —% -$134M -9,190,728 -100.0% SOLD
20 ICLR —% -$59M -405,000 -100.0% SOLD
21 LBRDA —% -$740K -7,560 -100.0% SOLD
22 LBRDK —% -$73M -745,610 -100.0% SOLD

New Positions

SymbolValue% Port
UNP $354M 7.95%
GPC $193M 4.34%
COLD $44M 0.99%

Sold Out Positions

SymbolValue% Port
LBRDK —%
ICLR —%
LBRDA —%
VSAT —%
View SEC EDGAR Filings for BAUPOST GROUP LLC/MA →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms