---
title: Klarman (Baupost Group LLC) — 13F holdings
canonical: https://sweetvaluelab.com/investors/klarman
cik: 0001061768
quarter: 2026-06-30
filed: 2026-08-13
---
# Klarman — Baupost Group LLC

Latest 13F for the quarter ended Jun 30, 2026, filed Aug 13, 2026: 23 positions worth $5.4B. Against the quarter ended Mar 31, 2026: 3 bought, 6 added to, 5 unchanged, 9 reduced, 2 sold. The top five are 50% of the portfolio, the top ten 75%; 10 of the positions have a research page on this site.

## Holdings

| Ticker | Issuer | Shares | Value | % of portfolio | Change this quarter |
| --- | --- | ---: | ---: | ---: | --- |
| AMZN | AMAZON COM INC | 3,743,854 | $892.3M | 16.5% | added (+20%) |
| ELV | ELEVANCE HEALTH INC FORMERLY | 1,275,154 | $493.1M | 9.1% | held (0%) |
| QSR | RESTAURANT BRANDS INTL INC | 6,753,112 | $489.6M | 9.0% | reduced (-16%) |
| GOOG | ALPHABET INC | 1,371,931 | $484.7M | 9.0% | added (+16%) |
| FERG | FERGUSON ENTERPRISES INC | 1,450,594 | $344.3M | 6.4% | added (+1%) |
| GPC | GENUINE PARTS CO | 2,816,178 | $332.3M | 6.1% | added (+89%) |
| UNP | UNION PAC CORP | 1,185,395 | $322.4M | 6.0% | reduced (-23%) |
| V | VISA INC | 701,355 | $240.6M | 4.4% | held (0%) |
| WCC | WESCO INTL INC | 662,881 | $229.0M | 4.2% | reduced (-54%) |
| AON | AON PLC | 687,000 | $227.9M | 4.2% | reduced (-11%) |
| TFX | TELEFLEX INCORPORATED | 1,409,000 | $178.6M | 3.3% | reduced (-12%) |
| NCLH | NORWEGIAN CRUISE LINE HLDGS | 7,730,000 | $163.2M | 3.0% | added (+113%) |
| MOH | MOLINA HEALTHCARE INC | 633,609 | $144.9M | 2.7% | held (0%) |
| CME | CME GROUP INC | 619,000 | $136.7M | 2.5% | bought |
| HLF | HERBALIFE LTD | 9,259,844 | $121.8M | 2.2% | held (0%) |
| EXP | EAGLE MATLS INC | 530,763 | $119.4M | 2.2% | reduced (-41%) |
| GDS | GDS HLDGS LTD | 3,769,818 | $113.2M | 2.1% | added (+24%) |
| COLD | AMERICOLD REALTY TRUST INC | 6,830,230 | $107.4M | 2.0% | reduced (-12%) |
| LBTYK | LIBERTY GLOBAL LTD | 8,543,161 | $94.0M | 1.7% | reduced (-36%) |
| AERO | GRUPO AEROMEXICO SAB DE CV | 4,880,188 | $87.8M | 1.6% | held (0%) |
| AXTA | AXALTA COATING SYS LTD | 1,274,356 | $43.6M | 0.8% | bought |
| DNOW | DNOW INC | 2,788,000 | $36.2M | 0.7% | reduced (-23%) |
| PS | PERSHING SQUARE INC | 392,000 | $12.9M | 0.2% | bought |

## Largest moves this quarter

| Ticker | Issuer | Shares now | Shares before | Change | Bought / sold at reported prices | Value |
| --- | --- | ---: | ---: | --- | ---: | ---: |
| WCC | WESCO INTL INC | 662,881 | 1,436,881 | reduced (-54%) | −$267.4M | $229.0M |
| WTW | WILLIS TOWERS WATSON PLC LTD | 0 | 893,126 | sold | −$259.6M | $0 |
| GPC | GENUINE PARTS CO | 2,816,178 | 1,490,348 | added (+89%) | +$156.4M | $332.3M |
| AMZN | AMAZON COM INC | 3,743,854 | 3,118,754 | added (+20%) | +$149.0M | $892.3M |
| CME | CME GROUP INC | 619,000 | 0 | bought | +$136.7M | $136.7M |
| UNP | UNION PAC CORP | 1,185,395 | 1,540,995 | reduced (-23%) | −$96.7M | $322.4M |
| QSR | RESTAURANT BRANDS INTL INC | 6,753,112 | 8,080,112 | reduced (-16%) | −$96.2M | $489.6M |

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Source: https://sweetvaluelab.com/investors/klarman (SweetValueLab, free, no account). Holdings from SEC Form 13F-HR filings; tickers resolved from CUSIPs. Values as reported by the filer. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.