Fund manager

Seth Klarman

Baupost Group · Deep value

Wrote Margin of Safety and is known for patience, and for holding cash when nothing is cheap.

Top holdings

CompanyWeightValue
Amazon Com Inc (AMZN)16.5%$892.3M
Elevance Health Inc Formerly (ELV)9.1%$493.1M
Restaurant Brands Intl Inc (QSR)9.0%$489.6M
Alphabet Inc (GOOG)9.0%$484.7M
Ferguson Enterprises Inc (FERG)6.4%$344.3M
Genuine Parts Co (GPC)6.1%$332.3M
Union Pac Corp (UNP)6.0%$322.4M
Visa Inc (V)4.4%$240.6M
Wesco Intl Inc (WCC)4.2%$229.0M
Aon Plc4.2%$227.9M

From the Form 13F for the quarter ended 2026-06-30, filed 2026-08-13. Reported $5.4B across 23 positions.

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