Equal-WT
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BAUPOST GROUP LLC
BOSTON MA
Investment Advisor
Hedge Fund
Activist Investor
The Baupost Group is a hedge founded by Seth Klarman.Whalewisdom has at least 101 13F filings, 57 13D filings, 461 13G filings, and 9 Form 4 filings Their last reported 13F filing for Q4 2024 included $3,434,526,000 in managed 13F securities
and a top 10 holdings concentration of 80.16%. Baupost Group's largest holding is Willis Towers Watson Public Limited Co with shares held of 1,836,748.
Business Description
The Baupost Group, L.L.C. is a registered investment advisor. Their Form ADV Part 2A brochure provides information about the qualifications and business practices of the company. Additional information is available on the SEC’s website.
Many securities firms offer services and benefits to investment managers like Baupost that go beyond the basics. These include research reports, market information, investment opportunities, meetings with company management, and capital introduction services. Investment managers may direct transactions or pay higher commissions to broker-dealers who provide these services.
Investment Strategy
The Baupost Partnerships employ an opportunistic, value-oriented investment strategy with an open mandate. Their primary goal is to achieve attractive risk-adjusted returns over an extended period by investing in assets considered undervalued relative to their market price. They seek investments with characteristics such as being out of favor but having good prospects, selling at a significant discount to underlying economic value, possessing catalysts for value realization, being highly complex or illiquid, and selling at prices below reasonable expectations due to market imperfections.
This broad investment mandate allows the Baupost Partnerships to invest in a range of financial instruments, asset classes, and geographic regions, even those where they initially have limited experience. However, all investing, including by the Baupost Partnerships, is speculative, and there is no guarantee of achieving their investment objective. Investments may be unsuccessful, and investors may suffer significant losses.
Owners
- BAUPOST GROUP, L.P. - MEMBER
- BLUMENTHAL, THOMAS, WILLIAM - PARTNER
- MOONEY, JAMES, FRANCIS - PARTNER AND PRESIDENT
- GREENHILL, JOSHUA, ARON SOLOMON - PARTNER
- COHEN, JACK, D - CHIEF COMPLIANCE OFFICER AND SENIOR REGULATORY COUNSEL
- CARONA, RICHARD, G - PARTNER
- DOW, RYAN, COAD - PARTNER
- DAVID, JAMES, ANDREW WATSON - PARTNER
- SPERLING, MICHAEL, MEIR - PARTNER
- MANN, ELAINE, FRAZER - PARTNER AND CHIEF OPERATING OFFICER
- FOGEL, FREDERICK, HAROLD - PARTNER AND GENERAL COUNSEL
- PRICE, JASON, JAMES - PARTNER AND CHIEF FINANCIAL OFFICER
- AZRACK, NICHOLAS, JOHN - PARTNER
- MCELANEY, ANDREW, JAMES - PARTNER
- KLARMAN, SETH, ANDREW - PARTNER AND CHIEF EXECUTIVE OFFICER Click on the Ownership/Private Fund Data tab for more details.
Other Contact Information
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2024-12-31
Top Buys (13F)
| Name | % Change |
|---|---|
| FERG Ferguson Enterprises | 5.72% |
| QSR Restaurant Brands In | 5.45% |
| SNRE Sunrise Communicatio | 2.93% |
| HUM Humana, Inc | 2.56% |
| WTW Willis Towers Watson | 1.83% |
2024-12-31
Top Sells (13F)
| Name | % Change |
|---|---|
| LBTYK Liberty Global plc C | 10.91% |
| CLVT CLARIVATE PLC | 2.49% |
| LBTYA Liberty Global plc C | 2.39% |
| FIS Fidelity National In | 2.31% |
| J Jacobs Solutions Inc | 1.31% |
2024-12-31
13F Holdings Summary
| Name | $ Change |
|---|---|
| WTW Willis Towers Watson | 16.75% |
| LBTYK Liberty Global plc C | 15.09% |
| GOOG Alphabet Inc. Class | 7.91% |
| WCC WESCO International, | 7.56% |
| CRH CRH Plc | 7.12% |
2024-12-31
13F Activity
| Market Value | $3.43b, Prior: $3.52b |
| Inflows (Outflows) as % of Total MV | +11.779% |
| New Purchases | 4 stocks |
| Added To | 6 stocks |
| Sold out of | 3 stocks |
| Reduced holdings in | 6 stocks |
| Top 10 Holdings % | 80.16% |
| Turnover %[1] | 28% |
| Turnover Alt %[2] | 10.16% |
| Time Held Top 20 | 8.55 quarters |
| Time Held Top 10 | 5 quarters |
| Time Held All | 8.5 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2024-12-31
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2024-12-31
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-12-31