BAUPOST GROUP LLC/MA

CIK 0001061768 · Q1 2026

13F Equity AUM

$5.1M

-3.1% QoQ

Positions

0 QoQ

AUM Rank

#11,731

Top 94%

Skill Alpha (FF)

-7.4%/yr

Underperformer

Rank #7,803 · Top 95%

vs S&P -11.7%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 46.7%Top 10: 73.9%Top 20: 98.3%

AMZN12.7%

QSR11.7%

WCC7.7%

UNP7.3%

ELV7.3%

GOOG6.6%

FERG6.6%

WTW5.1%

AON4.8%

V4.1%

Others (12)26.1%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Consumer Cyclical28.8%

Industrials22.9%

Financial Services14.1%

Healthcare13.6%

Communication Services9.7%

Basic Materials3.3%

Consumer Defensive2.7%

Technology2.4%

Other2.6%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 22Median: 3.52%Avg: 4.55%

0–0.5%

0(0.0%)

0.5–1%

2(1.8%)

1–3%

6(11.1%)

3–5%

6(22.2%)

5%+

8(64.9%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 22Unique: 0vs 20 funds

0.3%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

BlackRock, Inc.

0.6%

MORGAN STANLEY

0.4%

BANK OF AMERICA CORP /DE/

0.5%

GEODE CAPITAL MANAGEMENT, LLC

0.6%

JPMORGAN CHASE & CO

0.4%

VANGUARD CAPITAL MANAGEMENT LLC

0.6%

STATE STREET CORP

0.6%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.7%

FMR LLC

0.7%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New6Increased9Decreased4Exited6

New Positions

AON4.8%

+769K

V4.1%

+701K

TFX3.7%

+1.6M

NCLH1.3%

+3.6M

PCVX0.9%

+800K

DNOW0.8%

+3.6M

Increased

COLDEUR1.7%

+4.3M(+124%)

AMZN12.7%

+997K(+47%)

FERG6.6%

+305K(+27%)

GOOG6.6%

+94K(+9%)

AERO1.3%

+25K(+1%)

WCC7.7%

+18K(+1%)

MOH1.6%

+9K(+1%)

ELV7.3%

+6K(+0%)

GPC3.1%

+4K(+0%)

Decreased

LBTYK3.1%

-7,487,534(-36%)

WTW5.1%

-464,475(-34%)

EXP3.3%

-292,485(-25%)

UNP7.3%

-86,259(-5%)

Exited

FIS

-4,503,801

-2,062,821

-2,200,000

-1,072,957

-2,080,456

-257,226

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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