Fondamentix

Seth Klarman

Baupost Group. Portfolio reported in the 13F as of June 30, 2026.

$5.4M
reported value
23
positions
49.9%
in the top 5
-$301.6K
last quarter balance

How the portfolio is split

Weight of each sector on the reported value.

  • Consumer Cyclical
  • Industrials
  • Healthcare
  • Communication Services
  • Financial Services
  • Other and unclassified
Q2 2026
22.6%
16.5%
9.1%
35.8%
Q1 2026
15.8%
21.6%
43.7%
Q4 2025
12.7%
18.5%
53.9%
Q3 2025
19.5%
9.5%
57.9%

How much they buy and sell

Estimate of the money put in and taken out each quarter. The balance tells whether they are investing or cashing in.

  • Purchases
  • Sales
+$332.8K
Q3 2025
+$291.1K
Q4 2025
-$11.9K
Q1 2026
-$301.6K
Q2 2026

Positions over the last 4 quarters

Weight of each position in the portfolio. The last column estimates how much they bought or sold compared with the previous quarter.

CompanyBought / sold
  • Amazon.com, Inc.
    AMZN Consumer Cyclical
    +$149.0K
    +20.0%
    Q3 2025
    –
    Q4 2025
    9.3%
    Q1 2026
    12.7%
    Q2 2026
    16.5%
  • Elevance Health Inc
    ELV Healthcare
    0
    Q3 2025
    8.9%
    Q4 2025
    8.4%
    Q1 2026
    7.3%
    Q2 2026
    9.1%
  • RESTAURANT BRANDS INTL INC
    QSRnot in our list
    -$96.2K
    -16.4%
    Q3 2025
    11.1%
    Q4 2025
    10.4%
    Q1 2026
    11.7%
    Q2 2026
    9.0%
  • Alphabet Inc.
    GOOG Communication Services
    +$67.4K
    +16.2%
    Q3 2025
    9.5%
    Q4 2025
    6.5%
    Q1 2026
    6.6%
    Q2 2026
    9.0%
  • Ferguson Enterprises Inc
    FERG Industrials
    +$1.9K
    +0.6%
    Q3 2025
    5.4%
    Q4 2025
    4.8%
    Q1 2026
    6.6%
    Q2 2026
    6.4%
  • Genuine Parts Co
    GPC Consumer Cyclical
    +$156.4K
    +89.0%
    Q3 2025
    4.1%
    Q4 2025
    3.5%
    Q1 2026
    3.1%
    Q2 2026
    6.1%
  • Union Pacific Corp
    UNP Industrials
    -$96.7K
    -23.1%
    Q3 2025
    7.4%
    Q4 2025
    7.1%
    Q1 2026
    7.3%
    Q2 2026
    6.0%
  • Visa Inc.
    V Financial Services
    0
    Q3 2025
    –
    Q4 2025
    –
    Q1 2026
    4.1%
    Q2 2026
    4.4%
  • Wesco International Inc
    WCC Industrials
    -$267.4K
    -53.9%
    Q3 2025
    6.7%
    Q4 2025
    6.6%
    Q1 2026
    7.7%
    Q2 2026
    4.2%
  • AON PLC
    not in our list
    -$27.2K
    -10.7%
    Q3 2025
    –
    Q4 2025
    –
    Q1 2026
    4.9%
    Q2 2026
    4.2%
  • TELEFLEX INCORPORATED
    TFXnot in our list
    -$23.6K
    -11.7%
    Q3 2025
    –
    Q4 2025
    –
    Q1 2026
    3.7%
    Q2 2026
    3.3%
  • NORWEGIAN CRUISE LINE HLDGS
    not in our list
    +$86.6K
    +112.9%
    Q3 2025
    –
    Q4 2025
    –
    Q1 2026
    1.3%
    Q2 2026
    3.0%
  • MOLINA HEALTHCARE INC
    MOHnot in our list
    0
    Q3 2025
    –
    Q4 2025
    2.1%
    Q1 2026
    1.7%
    Q2 2026
    2.7%
  • CME Group Inc.
    CME Financial Services
    +$136.7K
    new
    Q3 2025
    –
    Q4 2025
    –
    Q1 2026
    –
    Q2 2026
    2.5%
  • HERBALIFE LTD
    not in our list
    0
    Q3 2025
    1.4%
    Q4 2025
    2.3%
    Q1 2026
    2.7%
    Q2 2026
    2.2%
  • EAGLE MATLS INC
    EXPnot in our list
    -$81.5K
    -40.5%
    Q3 2025
    4.6%
    Q4 2025
    4.6%
    Q1 2026
    3.3%
    Q2 2026
    2.2%
  • GDS Holdings Limited
    GDS Technology
    +$21.8K
    +23.8%
    Q3 2025
    2.6%
    Q4 2025
    2.0%
    Q1 2026
    2.4%
    Q2 2026
    2.1%
  • AMERICOLD REALTY TRUST INC
    COLDnot in our list
    -$14.9K
    -12.2%
    Q3 2025
    0.9%
    Q4 2025
    0.8%
    Q1 2026
    1.7%
    Q2 2026
    2.0%
  • LIBERTY GLOBAL LTD
    not in our list
    -$53.4K
    -36.2%
    Q3 2025
    5.3%
    Q4 2025
    4.4%
    Q1 2026
    3.1%
    Q2 2026
    1.7%
  • GRUPO AEROMEXICO SAB DE CV
    AEROnot in our list
    0
    Q3 2025
    –
    Q4 2025
    2.0%
    Q1 2026
    1.3%
    Q2 2026
    1.6%
  • AXALTA COATING SYS LTD
    not in our list
    +$43.6K
    new
    Q3 2025
    –
    Q4 2025
    –
    Q1 2026
    –
    Q2 2026
    0.8%
  • DNOW INC
    DNOWnot in our list
    -$10.9K
    -23.1%
    Q3 2025
    –
    Q4 2025
    –
    Q1 2026
    0.8%
    Q2 2026
    0.7%
  • PERSHING SQUARE INC
    PSnot in our list
    +$12.9K
    new
    Q3 2025
    –
    Q4 2025
    –
    Q1 2026
    –
    Q2 2026
    0.2%
Closed in the period
  • WILLIS TOWERS WATSON PLC LTD
    not in our list
    -$259.6K
    closed
    Q3 2025
    7.9%
    Q4 2025
    8.5%
    Q1 2026
    5.1%
    Q2 2026
    –
  • Vaxcyte, Inc.
    PCVX Healthcare
    -$46.5K
    closed
    Q3 2025
    –
    Q4 2025
    –
    Q1 2026
    0.9%
    Q2 2026
    –
  • Fidelity National Information Services Inc
    FIS Technology
    -$299.3K
    closed
    Q3 2025
    5.2%
    Q4 2025
    5.7%
    Q1 2026
    –
    Q2 2026
    –
  • Dollar General Corp
    DG Consumer Defensive
    -$273.9K
    closed
    Q3 2025
    5.8%
    Q4 2025
    5.2%
    Q1 2026
    –
    Q2 2026
    –
  • Fiserv Inc
    FISV Other and unclassified
    -$147.8K
    closed
    Q3 2025
    2.4%
    Q4 2025
    2.8%
    Q1 2026
    –
    Q2 2026
    –
  • CRH PLC
    not in our list
    -$133.9K
    closed
    Q3 2025
    8.5%
    Q4 2025
    2.5%
    Q1 2026
    –
    Q2 2026
    –
  • LIBERTY GLOBAL LTD
    not in our list
    -$23.2K
    closed
    Q3 2025
    1.2%
    Q4 2025
    0.4%
    Q1 2026
    –
    Q2 2026
    –
  • TAMBORAN RES CORP
    TBNnot in our list
    -$7.0K
    closed
    Q3 2025
    0.3%
    Q4 2025
    0.1%
    Q1 2026
    –
    Q2 2026
    –
  • PAGSEGURO DIGITAL LTD
    not in our list
    -$25.0K
    closed
    Q3 2025
    0.5%
    Q4 2025
    –
    Q1 2026
    –
    Q2 2026
    –

Data from 13F filings with the SEC. The 13F lists only US stocks held long: no short positions, foreign stocks not listed in the US or cash. It is filed up to 45 days after the quarter ends and some positions may stay confidential. Purchases and sales are estimates: the difference in shares between two quarters times the quarter-end price.