Seth Klarman

Baupost Group LLC

Period:  Q3, 2025
Filed Date:  Nov 13, 2025
Reported Date:  Sep 30, 2025
No. of Stocks:  22
Portfolio Value:  4.79M
Stock% of portfoliioActivitySharesValueRecent Price

QSR - Restaurant brands international inc.

11.049%Add 103.80%8.25M529.337K$0.064

GOOG - Alphabet inc

9.446%Reduced 29.46%1.86M452.55K$0.244

ELV - Elevance health inc

8.896%Add 114.12%1.32M426.195K$0.323

CRHCF - Crh plc

8.468%Reduced 11.55%3.38M405.669K$0.120

WTW - Willis towers watson plc

7.853%Reduced 17.13%1.09M376.218K$0.345

UNP - Union pacific corp

7.382%Buy1.50M353.658K$0.236

WCC - Wesco international inc

6.636%Reduced 31.91%1.50M317.923K$0.212

DG - Dollar general corp

5.753%2.67M275.622K$0.103
Ferguson enterprises inc
5.417%Add 2.08%1.16M259.502K$0.225
Liberty global ltd
5.312%Reduced 12.17%21.66M254.479K$0.012

EXP - Eagle materials inc

4.571%Add 38.95%939.66K218.978K$0.233

GPC - Genuine parts co

4.036%Buy1.40M193.347K$0.139

GDS - Gds holdings ltd

2.625%3.25M125.773K$0.039

FI - Fiserv inc

2.409%895K115.392K$0.129

HLF - Herbalife ltd

1.367%7.76M65.493K$0.008
Liberty global ltd
1.214%5.08M58.18K$0.011

COLD - Americold realty trust inc

0.920%Buy3.60M44.064K$0.012

PAGS - Pagseguro digital ltd

0.522%2.50M25K$0.010
Herbalife ltd
0.330%17.13M15.833K$0.001
Tamboran res corp
0.326%570.833K15.629K$0.027
Cable one inc
0.252%Buy14.10M12.068K$0.001