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BAUPOST GROUP LLC/MA

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13F filer, CIK 1061768, BOSTON, MA

BAUPOST GROUP LLC/MA reported $5,115,380,000 across 22 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-05-14. Its ten largest share positions make up 73.94% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001061768-26-000007

Period
2026-03-31
Reported value
$5.12B
Holdings
22
Top 10 weight
73.94%
New
6
Sold out
6

Largest buys vs the previous quarter

SecurityShares changeApprox. value
AONnew+769,000$248M
Vnew+701,355$212M
AMZNadded+997,363$208M
TFXnew+1,595,000$191M
FERGadded+305,376$71.2M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
FISexited-4,503,801-$299M
DGexited-2,062,821-$274M
FISVexited-2,200,000-$148M
WTWreduced-464,475-$135M
CRHexited-1,072,957-$134M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2026

Share positions as resolved from 13F-HR 0001061768-26-000007, largest first. % of portfolio is the value over $5,115,380,000, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 2,121,391 shares; 2026Q1: 3,118,754 shares 3,118,754$650M12.7%+997,363Timeline
QSRRESTAURANT BRANDS INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 28,294 shares; 2024Q4: 2,901,700 shares; 2025Q1: 3,886,562 shares; 2025Q2: 4,049,562 shares; 2025Q3: 8,252,862 shares; 2025Q4: 8,080,112 shares; 2026Q1: 8,080,112 shares 8,080,112$597M11.67%0Timeline
WCCWESCO INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,258,000 shares; 2024Q4: 1,435,671 shares; 2025Q1: 2,005,601 shares; 2025Q2: 2,207,601 shares; 2025Q3: 1,503,180 shares; 2025Q4: 1,418,831 shares; 2026Q1: 1,436,881 shares 1,436,881$393M7.69%+18,050Timeline
UNPUNION PAC CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,496,204 shares; 2025Q4: 1,627,254 shares; 2026Q1: 1,540,995 shares 1,540,995$374M7.31%-86,259Timeline
ELVELEVANCE HEALTH INC FORMERLYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 246,000 shares; 2025Q2: 616,000 shares; 2025Q3: 1,319,000 shares; 2025Q4: 1,269,302 shares; 2026Q1: 1,275,154 shares 1,275,154$373M7.3%+5,852Timeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,465,588 shares; 2024Q4: 1,425,988 shares; 2025Q1: 2,077,988 shares; 2025Q2: 2,633,988 shares; 2025Q3: 1,858,138 shares; 2025Q4: 1,087,181 shares; 2026Q1: 1,181,131 shares 1,181,131$339M6.62%+93,950Timeline
FERGFERGUSON ENTERPRISES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,132,000 shares; 2025Q1: 1,132,000 shares; 2025Q2: 1,132,000 shares; 2025Q3: 1,155,500 shares; 2025Q4: 1,137,035 shares; 2026Q1: 1,442,411 shares 1,442,411$336M6.58%+305,376Timeline
WTWWILLIS TOWERS WATSON PLC LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,781,206 shares; 2024Q4: 1,836,748 shares; 2025Q1: 1,525,667 shares; 2025Q2: 1,314,184 shares; 2025Q3: 1,089,065 shares; 2025Q4: 1,357,601 shares; 2026Q1: 893,126 shares 893,126$260M5.08%-464,475Timeline
AONAON PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 769,000 shares 769,000$248M4.85%newTimeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 701,355 shares 701,355$212M4.14%newTimeline
TFXTELEFLEX INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 1,595,000 shares 1,595,000$191M3.73%newTimeline
EXPEAGLE MATLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 500,273 shares; 2024Q4: 638,223 shares; 2025Q1: 909,633 shares; 2025Q2: 676,257 shares; 2025Q3: 939,660 shares; 2025Q4: 1,185,248 shares; 2026Q1: 892,763 shares 892,763$169M3.31%-292,485Timeline
GPCGENUINE PARTS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 315,337 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,395,000 shares; 2025Q4: 1,486,088 shares; 2026Q1: 1,490,348 shares 1,490,348$158M3.08%+4,260Timeline
LBTYKLIBERTY GLOBAL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 42,311,011 shares; 2024Q4: 39,453,843 shares; 2025Q1: 24,657,803 shares; 2025Q2: 24,657,803 shares; 2025Q3: 21,657,803 shares; 2025Q4: 20,884,781 shares; 2026Q1: 13,397,247 shares 13,397,247$157M3.07%-7,487,534Timeline
HLFHERBALIFE LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 5,124,526 shares; 2024Q4: 7,600,526 shares; 2025Q1: 7,600,526 shares; 2025Q2: 7,759,844 shares; 2025Q3: 7,759,844 shares; 2025Q4: 9,259,844 shares; 2026Q1: 9,259,844 shares 9,259,844$136M2.66%0Timeline
GDSGDS HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 4,249,952 shares; 2024Q4: 4,249,952 shares; 2025Q1: 4,249,952 shares; 2025Q2: 3,249,952 shares; 2025Q3: 3,249,952 shares; 2025Q4: 3,044,818 shares; 2026Q1: 3,044,818 shares 3,044,818$123M2.4%0Timeline
COLDAMERICOLD REALTY TRUST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 3,600,000 shares; 2025Q4: 3,475,685 shares; 2026Q1: 7,780,800 shares 7,780,800$89.2M1.74%+4,305,115Timeline
MOHMOLINA HEALTHCARE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 625,000 shares; 2026Q1: 633,609 shares 633,609$84.5M1.65%+8,609Timeline
AEROGRUPO AEROMEXICO SAB DE CVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 4,855,180 shares; 2026Q1: 4,880,188 shares 4,880,188$68.4M1.34%+25,008Timeline
NCLHNORWEGIAN CRUISE LINE HLDGSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 3,630,000 shares 3,630,000$67.9M1.33%newTimeline
PCVXVAXCYTE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 800,000 shares 800,000$46.5M0.91%newTimeline
DNOWDNOW INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 3,625,000 shares 3,625,000$43.2M0.84%newTimeline

Sold out in Q1 2026

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
FISFIDELITY NATL INFORMATION SV4,503,801$299Mshares
DGDOLLAR GEN CORP2,062,821$274Mshares
FISVFISERV INC2,200,000$148Mshares
CRHCRH PLC1,072,957$134Mshares
LBTYALIBERTY GLOBAL LTD2,080,456$23.2Mshares
TBNTAMBORAN RES CORP257,226$7Mshares

How Q1 2026 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001061768-26-000007 base2026-05-14acceptance time not in the bulk data set