BAUPOST GROUP LLC/MA

Q4 2025 13F-HR Holdings

Location
Boston, MA
Holdings as of
12/31/2025
Date filed
2/13/2026
Form type
13F-HR
Num holdings
22
Total value ($000)
$5,278,590
Net value change ($000)
+487,786 (10.2%)
New positions
3
Sold out positions
1
Turnover %
13.8%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/13/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
AMZN 489,659 NEW
MOH 108,463 NEW
AERO 106,620 NEW
WTW 69,890 18.6%
HLF 53,866 82.2%
FIS 49,429 19.8%
FISV 32,382 28.1%
WCC 29,180 9.2%
EXP 25,989 11.9%
UNP 22,758 6.4%
Top Reduces (Value $000, Stocks/ETFs)
CRH -271,764 -67.0%
GOOGL -111,393 -24.6%
LBTYA -35,004 -60.2%
PAGSEGURO DIGITAL LTD -25,000 -100.0%
LBTYA -23,911 -9.4%
GDS -19,509 -15.5%
GPC -10,618 -5.5%
TBN -8,625 -55.2%
FERG -6,364 -2.5%
DG -1,741 -0.6%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type