Baupost Group (Seth Klarman) discloses updated portfolio positions in 13F filing: New COLD UNP GPC positions, Added to QSR ELV, Exited VSAT AMCR ICLR, Cut GOOG WCC CRH WTW
Highlights from Q3 2025 filing as compared to Q2 2025 (all amounts are approximate):
- New: COLD (3.6 mln shares), UNP (1.5 mln), GPC (1.4 mln)
- Increased: QSR (8.25 mln shares from 4.1 mln shares), ELV (1.3 mln from 0.6 mln), EXP (940K from 676K), FERG (1.16 mln from 1.13 mln)
- Maintained: FIS (3.8 mln shares), DG (2.7 mln)
- Exited: VSAT (from 9.2 mln shares), AMCR (5.5 mln) ICLR (0.4 mln)
- Decreased: GOOG (1.9 mln shares from 2.6 mln shares), WCC (1.5 mln from 2.2 mln), CRH (3.4 mln from 3.8 mln), WTW (1.1 mln from 1.3 mln)