Seth Klarman Holdings 13F: Latest Baupost Group Portfolio Changes
Baupost Group. Value investing guru, Margin of Safety author. Seth Klarman runs one of the largest hedge funds in the world with a deep value, risk-averse approach. His out-of-print book 'Margin of Safety' sells for thousands of dollars.
As of the latest Q1 2026 13F filing, Seth Klarman (managing Baupost Group) reported a public portfolio value of $5.1B with 22 positions. This page tracks latest holdings, latest 13F changes, top buys, top sells, and top holdings from the public filing. The top recent buy was AMZN. The top recent sell was UNP.
Open interactive portfolioLatest 13F portfolio changes
Seth Klarman holdings 13F summary: the latest Baupost Group portfolio changes show top holdings including Amazon, RESTAURANT BRANDS INTL, WESCO INTL, UNION PAC, and ELEVANCE HEALTH INC FORMERLY, reported top buys such as Amazon, WESCO INTL, ELEVANCE HEALTH INC FORMERLY, and Alphabet, and top sells or reductions such as UNION PAC, FIDELITY NATL INFORMATION SV, DOLLAR GEN CORP NEW, and WILLIS TOWERS WATSON PLC. Use this page to review Seth Klarman holdings 13F, Seth Klarman latest 13F changes, Baupost Group portfolio changes, and Seth Klarman buys and sells in one place.
Latest filing metadata: quarter Q1 2026; report date 2026-03-31; filing date 2026-05-14; disclosure source SEC 13F.
Seth Klarman 13F portfolio and latest holdings overview
Seth Klarman's Q1 2026 13F holdings show Baupost Group reporting 22 positions with a disclosed portfolio value of $5.1B. For readers searching Seth Klarman 13F holdings, Seth Klarman portfolio, Baupost Group holdings, or latest 13F changes, the latest top holdings include Amazon, RESTAURANT BRANDS INTL, WESCO INTL, UNION PAC, and ELEVANCE HEALTH INC FORMERLY.
The three largest reported positions add up to roughly 32.1%, which helps readers judge portfolio concentration rather than just headline AUM. The largest reported sector exposure is Consumer Discretionary at 33.0% of the disclosed portfolio. This makes the page useful for comparing the manager's actual disclosed exposure with market narratives around the same names.
The latest change data highlights reported buys such as Amazon, WESCO INTL, ELEVANCE HEALTH INC FORMERLY, Alphabet, and FERGUSON ENTERPRISES and reported reductions or exits such as UNION PAC, FIDELITY NATL INFORMATION SV, DOLLAR GEN CORP NEW, WILLIS TOWERS WATSON PLC, and EAGLE MATLS. Those changes should be read as historical disclosure signals, not as real-time trade alerts.
The filing metadata lists report date 2026-03-31, filing date 2026-05-14, SEC accession 0001061768-26-000007. SEC 13F reports are normally published up to 45 days after quarter end, so the data is best used to understand institutional positioning after the fact rather than to infer today's exact portfolio.
A good way to use this page is to compare Seth Klarman's representative holdings, recent buys and sells, and sector allocation against other tracked investors. The static page gives Google and readers a readable summary, while the interactive dashboard lets users inspect the full Baupost Group portfolio table, charts, and stock-level holder pages.
Seth Klarman portfolio analytics
the top five positions account for 46.7% of disclosed value; the largest sector exposure is Consumer Discretionary at 33.0%; reported buy and sell activity implies roughly 100.6% turnover this period; cost-basis P&L across 22 tracked positions averages 17.4% (14/18 currently in profit).
Top reported holdings
| Holding | Reported value | Weight | Quarter change |
|---|---|---|---|
| AMZN whale holders AMAZON COM INC | $649.5M | 12.7% | Increased |
| QSR whale holders RESTAURANT BRANDS INTL INC | $597.2M | 11.7% | Held |
| WCC whale holders WESCO INTL INC | $393.2M | 7.7% | Increased |
| UNP whale holders UNION PAC CORP | $373.9M | 7.3% | Reduced |
| ELV whale holders ELEVANCE HEALTH INC FORMERLY | $373.3M | 7.3% | Increased |
| GOOG whale holders ALPHABET INC | $338.8M | 6.6% | Increased |
| FERG whale holders FERGUSON ENTERPRISES INC | $336.5M | 6.6% | Increased |
| WTW whale holders WILLIS TOWERS WATSON PLC LTD | $259.6M | 5.1% | Reduced |
| AON whale holders AON PLC | $248.2M | 4.8% | New |
| V whale holders VISA INC | $212.0M | 4.1% | New |
Top buys
- AMZN whale holders — AMAZON COM INC ($649.5M)
- WCC whale holders — WESCO INTL INC ($393.2M)
- ELV whale holders — ELEVANCE HEALTH INC FORMERLY ($373.3M)
- GOOG whale holders — ALPHABET INC ($338.8M)
- FERG whale holders — FERGUSON ENTERPRISES INC ($336.5M)
- AON whale holders — AON PLC ($248.2M)
Top sells
- UNP whale holders — UNION PAC CORP ($373.9M)
- N/A whale holders — FIDELITY NATL INFORMATION SV ($299.3M)
- DG whale holders — DOLLAR GEN CORP NEW ($273.9M)
- WTW whale holders — WILLIS TOWERS WATSON PLC LTD ($259.6M)
- EXP whale holders — EAGLE MATLS INC ($169.1M)
- LBTYK whale holders — LIBERTY GLOBAL LTD ($157.2M)
Allocation
- Consumer Discretionary: 33.0%
- Industrials: 17.4%
- Other: 14.3%
- Financials: 14.1%
- Health Care: 9.9%
- Communication Services: 9.7%
- Real Estate: 1.7%
Data notes
Report date: 2026-03-31
Disclosure source: SEC 13F
SEC 13F filings are delayed public disclosures and do not include every asset class, short positions, or real-time trades.
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Frequently asked questions
Seth Klarman 13F Holdings
The Q1 2026 13F profile for Seth Klarman and Baupost Group shows 22 reported positions, $5.1B in disclosed portfolio value, and top holdings including Amazon, RESTAURANT BRANDS INTL, WESCO INTL, UNION PAC, and ELEVANCE HEALTH INC FORMERLY.
What is Seth Klarman buying? Latest 13F changes
The latest tracked change data for Seth Klarman highlights reported buys such as Amazon, WESCO INTL, ELEVANCE HEALTH INC FORMERLY, and Alphabet and reported sells or reductions such as UNION PAC, FIDELITY NATL INFORMATION SV, DOLLAR GEN CORP NEW, and WILLIS TOWERS WATSON PLC.
Baupost Group top holdings
Baupost Group top holdings are summarized from public disclosures with reported values, weights, portfolio concentration, top buys, top sells, and filing metadata where available.
Seth Klarman buys and sells
Use the top buys and top sells sections above to compare Seth Klarman's reported additions, reductions, exits, and latest portfolio activity against other tracked investors.
How delayed is Seth Klarman's 13F data?
SEC Form 13F requires institutional investment managers with $100M+ in US equities to disclose their holdings quarterly. Read our comprehensive 13F guide for timing, coverage, and limitations. Read the Whale Analyzer 13F guide.