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 100 13F filings, 57 13D filings, 460 13G filings, and 9 Form 4 filings Their last reported 13F filing for Q3 2024 included $3,516,299,000 in managed 13F securities
and a top 10 holdings concentration of 86.82%. Baupost Group's largest holding is Liberty Global plc Class C with shares held of 42,311,011.
Business Description
The Baupost Group, L.L.C. is a registered investment adviser under the Investment Advisers Act of 1940. Their advisory business is detailed in Item 4 of their Form ADV Part 2A, which is referenced in the Table of Contents.
The Baupost Group, L.L.C. provides investment management services to clients, including the Baupost Partnerships. They have recently acquired an interest in a broker-dealer, which has led to updates in their disclosure regarding their financial industry activities and affiliations.
Investment Strategy
The Baupost Partnerships employ a value investment philosophy, seeking to invest in assets deemed undervalued relative to their market price. They focus on assets that are currently out of favor but have good prospects, selling at a significant discount to underlying economic value. These assets often have catalysts in place for the realization of underlying value, are highly complex, and may be somewhat or highly illiquid.
The Baupost Partnerships have a broad investment mandate, allowing them to invest in a range of financial instruments, asset classes, and geographic regions. They may engage in hedging transactions to mitigate risks associated with specific investments or the overall portfolio. However, there is no guarantee that these hedges will be effective, and the partnerships will always be exposed to certain unhedgeable risks.
Other Contact Information
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2024-09-30
Top Buys (13F)
| Name | % Change |
|---|---|
| DG Dollar General Corp | 5.54% |
| WTW Willis Towers Watson | 3% |
| WCC WESCO International, | 2.51% |
| EXP Eagle Materials Inc | 2.05% |
| GOOG Alphabet Inc. Class | 1.57% |
2024-09-30
Top Sells (13F)
| Name | % Change |
|---|---|
| FIS Fidelity National In | 4.96% |
| HUM Humana, Inc | 4.32% |
| JAZZ Jazz Pharmaceuticals | 3.74% |
| DEBT-OUTB OUTBRAIN INC NOTE 2. (PRN) | 2.84% |
| WSC WillScot Mobile Mini | 2.56% |
2024-09-30
13F Holdings Summary
| Name | $ Change |
|---|---|
| LBTYK Liberty Global plc C | 26% |
| WTW Willis Towers Watson | 14.92% |
| CLVT CLARIVATE PLC | 7.86% |
| GOOG Alphabet Inc. Class | 6.97% |
| CRH CRH Plc | 6.95% |
2024-09-30
13F Activity
| Market Value | $3.52b, Prior: $3.63b |
| Inflows (Outflows) as % of Total MV | (-15.6563)% |
| New Purchases | 6 stocks |
| Added To | 4 stocks |
| Sold out of | 9 stocks |
| Reduced holdings in | 5 stocks |
| Top 10 Holdings % | 86.82% |
| Turnover %[1] | 50% |
| Turnover Alt %[2] | 13.1% |
| Time Held Top 20 | 8.35 quarters |
| Time Held Top 10 | 10.2 quarters |
| Time Held All | 8.62 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.
2024-09-30
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2024-09-30
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-09-30