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13-F holdings, Q2 2026

Seth Klarman (Baupost)

A 13-F is the report large US investment managers file with the SEC each quarter, listing the stocks they held at quarter end.

Reported value
$5.4B
Positions
23
Filed
Data as of

These holdings are as of , 130 days ago.

13-Fs for Q3 2026 are due by .

See this manager's Holder IQ and how the book overlaps yours

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Top holdings

  1. AMZN$892.3M
    3,743,854 shares16.5% of the book
  2. ELV$493.1M
    1,275,154 shares9.1% of the book
  3. QSR$489.6M
    6,753,112 shares9% of the book
  4. GOOG$484.7M
    1,371,931 shares9% of the book
  5. FERG$344.3M
    1,450,594 shares6.4% of the book
  6. GPC$332.3M
    2,816,178 shares6.1% of the book
  7. UNP$322.4M
    1,185,395 shares6% of the book
  8. V$240.6M
    701,355 shares4.4% of the book
  9. WCC$229M
    662,881 shares4.2% of the book
  10. AON$227.9M
    687,000 shares4.2% of the book

What changed this quarter

2 new positions and 2 sold out, against Q1 2026. A buy or sell is the change in shares at the Q2 2026 price, with Q1 2026 shares adjusted for stock splits.

Largest buys

  • GPC

    GENUINE PARTS CO

    +$156.4M

    +89% shares

  • AMZN

    AMAZON COM INC

    +$149M

    +20% shares

  • CME

    CME GROUP INC

    +$136.7M

    New

  • NCLH

    NORWEGIAN CRUISE LINE HLDGS

    +$86.6M

    +112.9% shares

  • GOOG

    ALPHABET INC

    +$67.4M

    +16.2% shares

Largest sells

  • WCC

    WESCO INTL INC

    −$267.4M

    -53.9% shares

  • WTW

    WILLIS TOWERS WATSON PLC LTD

    −$259.6M

    Sold out, was 5.1% of the book

  • UNP

    UNION PAC CORP

    −$96.7M

    -23.1% shares

  • QSR

    RESTAURANT BRANDS INTL INC

    −$96.2M

    -16.4% shares

  • EXP

    EAGLE MATLS INC

    −$81.5M

    -40.5% shares

What was sold out, by size

  • 2 real positions, 0.25% of the book or more

Not counted as trades: PS (newly listed or spun off).

All of this comes from the filer's public SEC filings. A 13-F shows long positions in US-listed securities at quarter end and can leave out short positions, cash and non-US holdings, so it is not the whole portfolio. This is filing data, not investment advice.