Baupost Group (Seth Klarman) discloses updated portfolio positions in 13F filing: New AERO AMZN MOH holdings, Boosted HLF FISV FIS WTW EXP UNP GPC positions, Lowered LBTYA/LBTYK GOOG
Highlights from Q4 2025 filing as compared to Q3 2025 (all amounts are approximate):
- New: AERO (4.86 mln shares), AMZN (2.12 mln), MOH (0.63 mln)
- Increased: HLF (9.26 mln shares from 7.76 mln shares), FISV (2.2 mln from 0.9 mln), FIS (4.5 mln from 3.79 mln), WTW (1.36 mln from 1.09 mln), EXP (1.19 mln from 0.94 mln), UNP (1.63 mln from 1.5 mln), GPC (1.49 mln from 1.4 mln)
- Exited: PAGS (2.5 mln shares)
- Decreased: LBTYA (2.08 mln shares from 5.08 mln shares), CRH (1.07 mln from 3.38 mln), LBTYK (20.88 mln from 21.66 mln), GOOG (1.09 mln from 1.86 mln), DG (2.06 mln from 2.67 mln), TBN (0.26 mln from 0.57 mln), GDS (3.04 mln from 3.25 mln), COLD (3.48 mln from 3.6 mln), WCC (1.42 mln from 1.5 mln), ELV (1.27 mln from 1.32 mln), QSR (slightly lower to 8.08 mln from 8.25 mln)