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BAUPOST GROUP LLC/MA

SEC Form 13F institutional filer · CIK 0001061768

13F-HR · 10 reported holdings · 2026-03-31

Reported long-US-equity value

$0.00B

Top-10 concentration

100.0%

BAUPOST GROUP LLC/MA — $3.02M AUM allocation strategy

BAUPOST GROUP LLC/MA files SEC Form 13F and reports $3.02M of long US equity value across 10 reported holdings for 2026-03-31.

Its largest sector bet is Consumer Discretionary 29.0%, followed by Financials 23.9% and Industrials 23.5%.

The top 10 holdings account for 100% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.

BAUPOST GROUP LLC/MA — latest SEC 13F insights

Reported long-US-equity value (13F AUM)

$3.02M

total across 10 reported holdings · 2026-03-31 · excludes shorts, cash, non-US

Top-10 concentration

100% of value

higher = narrower conviction; lower = spread / hedging

Biggest adds (shares)

$AMZN$FERG$GOOGL

+$AMZN +997K sh · +$160K+$FERG +305K sh · +$83.3K+$GOOGL +94K sh · −$2.34K

Biggest trims (shares)

$WTW$UNP

−$WTW −464K sh · −$186K−$UNP −86.3K sh · −$2.54K

Added from nil (new positions)

$AON$V$NCLH

3 fresh holdings — new conviction

Exited to nil (held last quarter, gone now)

$FIS$DG$FISV$CRH

$FIS ($299K last qtr)$DG ($274K last qtr)$FISV ($148K last qtr)$CRH ($134K last qtr)

Sector allocation (share of reported value)

Consumer Discretionary 29%Financials 24%Industrials 24%Health Care 12%Communication Services 11%SECTORS
  • $XLYConsumer Discretionary29.0%
  • $XLFFinancials23.9%
  • $XLIIndustrials23.5%
  • $XLVHealth Care12.4%
  • $XLCCommunication Services11.2%

each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”

Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.

Industry allocation (share of reported value)

Broadline Retail 22%Insurance Brokers 17%Rail Transportation 12%Managed Health Care 12%Interactive Media & Services 11%Building Products 11%Transaction & Payment Processing Services 7%Distributors 5%Other holdings 2%INDUSTRIES
  • Broadline Retail21.5%
  • Insurance Brokers16.8%
  • Rail Transportation12.4%
  • Managed Health Care12.4%
  • Interactive Media & Services11.2%
  • Building Products11.2%
  • Transaction & Payment Processing Services7.0%
  • Distributors5.2%
  • Other holdings2.3%

the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”

Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.

Top S&P 500 holdings

10 of 10 rows · sorted by Value ↓

TickerHoldingSharesValueΔ QoQWeight
$AMZNAmazon.com Inc3.12M$650K+997K21.5%
$UNPUnion Pacific Corporation1.54M$374K-86.3K12.4%
$ELVElevance Health Inc1.28M$373K+5.85K12.4%
$GOOGLAlphabet Inc1.18M$339K+94K11.2%
$FERGFerguson Enterprises Inc1.44M$336K+305K11.2%
$WTWWillis Towers Watson Public Limited Company893K$260K-464K8.6%
$AONAon plc769K$248K8.2%
$VVisa Inc701K$212K7.0%
$GPCGenuine Parts Company1.49M$158K+4.26K5.2%
$NCLHNorwegian Cruise Line Holdings Ltd3.63M$67.9K2.2%

SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported

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How to read Δ QoQ — the five insight categories, and the caveats

The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.

Conviction & concentration shifts

New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.

Sector & macro allocation rotations

Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.

Crowding & smart-money consensus

When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.

Derivative & option overlays

Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.

Who reads this

Retail "cloners"High-conviction ideas to replicate ~45 days after quarter-end.
Corporate IRWhich funds bought or dumped the stock, before the next call.
Quant / algo tradersCross-sectional factor inputs: flow, momentum, ownership.

Four caveats before you trade on it

  • 45-day lag — holdings are quarter-end; positions may already be closed.
  • Long-only — 13Fs miss shorts, pair trades and cash.
  • No non-US / fixed income — the picture is US equities plus options.
  • Corporate actions — splits and spinoffs distort raw share deltas.

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