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Baupost Group

Baupost

Seth Klarman's margin-of-safety value fund. "Margin of Safety" book is canonical value-investing text.

2026Q2 13F Filed May 15, 2026 · CIK 1061165

Portfolio at quarter-end

Total value

$12543.85B

Positions

36

Top 20 holdings

# Holding Shares Value %
1
VST
VISTRA CORP
6.19M $930.18B 7.4%
2
ASML HLDG NV
655K $865.34B 6.9%
3
CRS
CARPENTER TECHNOLOGY CORP
1.82M $716.54B 5.7%
4
LPL FINL HLDGS INC
2.05M $616.69B 4.9%
5
APP
APPLOVIN CORP
1.46M $583.04B 4.6%
6
TLN
TALEN ENERGY CORP
1.82M $580.34B 4.6%
7
TER
TERADYNE INC
1.87M $555.23B 4.4%
8
CVNA
CARVANA CO
1.75M $551.65B 4.4%
9
NU HLDGS LTD
38.01M $546.22B 4.4%
10
MDLN
MEDLINE INC
11.79M $524.62B 4.2%
11
GLW
CORNING INC
3.72M $505.56B 4.0%
12
CLH
CLEAN HARBORS INC
1.75M $503.20B 4.0%
13
MTZ
MASTEC INC
1.53M $492.60B 3.9%
14
TAIWAN SEMICONDUCTOR MANUFAC
1.39M $469.59B 3.7%
15
BN
BROOKFIELD CORP
11.21M $453.63B 3.6%
16
THC
TENET HEALTHCARE CORP
2.26M $426.24B 3.4%
17
CAPITAL ONE FINL CORP
2.27M $413.58B 3.3%
18
ENTG
ENTEGRIS INC
3.12M $365.21B 2.9%
19
US FOODS HLDG CORP
3.80M $350.03B 2.8%
20
PFGC
PERFORMANCE FOOD GROUP CO
3.98M $340.77B 2.7%

Source

www.sec.gov/Archives/edgar/data/1061165/000091957426003439/0000919574-26-003439-index.htm

Original 13F-HR filing on SEC EDGAR. Filings are public-domain federal records.

Not investment advice. 13F filings show positions as of the quarter end, are filed up to 45 days later, and only list LONG U.S. equity positions — they don't include shorts, options or international holdings.