管理人记录 · ✦ 精选
Baupost Group
Seth Klarman (CEO) · Boston, MA · CIK 1061768 · EDGAR 文件 ↗
Value investor; much of the portfolio (cash, credit, private) never appears in a 13F.
$5.42B13F报告持仓市值
23持仓明细
74.9%前十大权重
13.40有效持仓
15.3%预计换手率
+3新增
−2清仓
13F报告持仓市值仅涵盖美国可报告的多头头寸——不含现金、债券、空头或非美国持仓，并非管理资产规模。 Values normalized from a filing reported in $ thousands — the original filing shows the as-reported figures.
板块敞口
可选消费
35.3% (+6.1pp)
工业
17.5% (-5.2pp)
医疗保健
15.4% (+1.6pp)
金融服务
11.4% (-2.9pp)
通信服务
10.9% (+1.1pp)
基础材料
3.1% (-0.3pp)
必选消费
2.3% (-0.4pp)
科技
2.1% (-0.3pp)
房地产
2.0% (+0.2pp)
占已申报普通股权益价值的比例；（±pp）较上一季度。
持仓组合 · Q2 2026
| # | 证券 | 权重 | 价值 | 股份 | Δ股份 | 持有 | |
|---|---|---|---|---|---|---|---|
| 1 | AMZN Amazon.com, Inc. | 16.5% | $892,310 | 3.74M | +20.0% | ▲ Add | 3 |
| 2 | ELV Elevance Health Inc. | 9.1% | $493,140 | 1.28M | 0.0% | Held | 6 |
| 3 | QSR Restaurant Brands… | 9.0% | $489,612 | 6.75M | -16.4% | ▼ Trim | 8 |
| 4 | GOOG Alphabet Inc. | 8.9% | $484,744 | 1.37M | +16.1% | ▲ Add | 9+ |
| 5 | FERG Ferguson plc | 6.4% | $344,269 | 1.45M | +0.6% | ▲ Add | 7 |
| 6 | GPC Genuine Parts Company | 6.1% | $332,253 | 2.82M | +89.0% | ▲ Add | 4 |
| 7 | UNP Union Pacific Corporation | 6.0% | $322,427 | 1.19M | -23.1% | ▼ Trim | 4 |
| 8 | V Visa Inc. | 4.4% | $240,628 | 701.36K | 0.0% | Held | 2 |
| 9 | WCC WESCO International, Inc. | 4.2% | $228,979 | 662.88K | -53.9% | ▼ Trim | 9+ |
| 10 | AON Aon plc | 4.2% | $227,871 | 687.00K | -10.7% | ▼ Trim | 2 |
| 11 | TFX Teleflex Incorporated | 3.3% | $178,605 | 1.41M | -11.7% | ▼ Trim | 2 |
| 12 | NCLH Norwegian Cruise Line… | 3.0% | $163,180 | 7.73M | +113.0% | ▲ Add | 2 |
| 13 | MOH Molina Healthcare, Inc. | 2.7% | $144,906 | 633.61K | 0.0% | Held | 3 |
| 14 | CME CME Group Inc. | 2.5% | $136,694 | 619.00K | 新增 | New | 1 |
| 15 | HLF Herbalife Nutrition Ltd. | 2.2% | $121,767 | 9.26M | 0.0% | Held | 9+ |
| 16 | EXP Eagle Materials Inc. | 2.2% | $119,422 | 530.76K | -40.5% | ▼ Trim | 9+ |
| 17 | GDS GDS Holdings Limited | 2.1% | $113,208 | 3.77M | +23.8% | ▲ Add | 9+ |
| 18 | COLD Americold Realty Trust, Inc. | 2.0% | $107,371 | 6.83M | -12.2% | ▼ Trim | 4 |
| 19 | LBTYA Liberty Global plc | 1.7% | $93,975 | 8.54M | -36.2% | ▼ Trim | 9+ |
| 20 | AERO GRUPO AEROMEXICO SAB DE CV | 1.6% | $87,843 | 4.88M | 0.0% | Held | 3 |
| 21 | AXTA Axalta Coating Systems Ltd. | 0.8% | $43,608 | 1.27M | 新增 | New | 1 |
| 22 | DNOW Dnow Inc. | 0.7% | $36,160 | 2.79M | -23.1% | ▼ Trim | 2 |
| 23 | PS PERSHING SQUARE INC | 0.2% | $12,881 | 392.00K | 新增 | New | 1 |
仅含普通股（SH）持仓；期权行显示于"期权"标签页，且不作净额处理。✂ = 变动基于拆股调整后的前期持股数计算。"持有 N+ 季度"= 在我们的数据窗口内每季度均有持仓，实际持有时间可能更长。
| 证券 | 股份 | 上期 | 变动 | 价值 | 权重 | 连续记录 |
|---|---|---|---|---|---|---|
| CME CME Group Inc. | 619.00K | — | 新增 | $136.69M | 2.5% | |
| AXTA Axalta Coating Systems… | 1.27M | — | 新增 | $43.61M | 0.8% | |
| PS | 392.00K | — | 新增 | $12.88M | 0.2% |
| 证券 | 股份 | 上期 | 变动 | 价值 | 权重 | 连续记录 |
|---|---|---|---|---|---|---|
| AMZN Amazon.com, Inc. | 3.74M | 3.12M | +20.0% | $892.31M | 16.5% | ●●●○○○ |
| GOOG Alphabet Inc. | 1.37M | 1.18M | +16.1% | $484.74M | 8.9% | ●●○○○○ |
| FERG Ferguson plc | 1.45M | 1.44M | +0.6% | $344.27M | 6.4% | ●●○○○○ |
| GPC Genuine Parts Company | 2.82M | 1.49M | +89.0% | $332.25M | 6.1% | ●●●●○○ |
| NCLH Norwegian Cruise Line… | 7.73M | 3.63M | +113.0% | $163.18M | 3.0% | ●●○○○○ |
| GDS GDS Holdings Limited | 3.77M | 3.04M | +23.8% | $113.21M | 2.1% |
| 证券 | 股份 | 上期 | 变动 | 价值 | 权重 | 连续记录 |
|---|---|---|---|---|---|---|
| QSR Restaurant Brands… | 6.75M | 8.08M | -16.4% | $489.61M | 9.0% | |
| WCC WESCO International… | 662.88K | 1.44M | -53.9% | $228.98M | 4.2% | |
| UNP Union Pacific… | 1.19M | 1.54M | -23.1% | $322.43M | 6.0% | ●●○○○○ |
| AON Aon plc | 687.00K | 769.00K | -10.7% | $227.87M | 4.2% | |
| TFX Teleflex Incorporated | 1.41M | 1.59M | -11.7% | $178.60M | 3.3% | |
| EXP Eagle Materials Inc. | 530.76K | 892.76K | -40.5% | $119.42M | 2.2% | ●●○○○○ |
| LBTYA Liberty Global plc | 8.54M | 13.40M | -36.2% | $93.97M | 1.7% | ●●●●○○ |
| COLD Americold Realty Trust… | 6.83M | 7.78M | -12.2% | $107.37M | 2.0% | |
| DNOW Dnow Inc. | 2.79M | 3.62M | -23.1% | $36.16M | 0.7% |
| 证券 | 股份 | 上期 | 变动 | 价值 | 权重 | 连续记录 |
|---|---|---|---|---|---|---|
| WTW Willis Towers Watson… | — | 893.13K | 退出 | $259.63M | 5.1% | |
| PCVX Vaxcyte, Inc. | — | 800.00K | 退出 | $46.49M | 0.9% |
持仓持有时长
30–1 季度
112–4 季度
35–8 季度
69+ 季度
当前各持仓在我们数据窗口内已连续报告的季度数。
相似管理人
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|---|---|---|---|---|
| Holocene Advisors, LP | 13 | 1.7% | 0.4374 | 对比 ⇄ |
| Soroban Capital Partners LP | 4 | 9.5% | 0.4334 | 对比 ⇄ |
| Sanders Capital, LLC | 5 | 7.7% | 0.3767 | 对比 ⇄ |
| Arrowstreet Capital | 14 | 0.7% | 0.3416 | 对比 ⇄ |
| Blair William & Co/Il | 15 | 0.8% | 0.3349 | 对比 ⇄ |
| Markel Group | 8 | 5.5% | 0.3226 | 对比 ⇄ |
| Assenagon Asset Management S.A. | 12 | 1.0% | 0.3186 | 对比 ⇄ |
| Neuberger Berman Group LLC | 19 | 0.8% | 0.3163 | 对比 ⇄ |
仅反映已申报多头仓位的相似度——对冲头寸及非 13F 资产不可见。 方法论
申报记录
Aug 13 2026
13F-HR · 期间 Q2 2026
$5.42M · 23 持仓 · 查看 SEC 原始申报文件 ↗
May 14 2026
13F-HR · 期间 Q1 2026
$5.12M · 22 持仓 · 查看 SEC 原始申报文件 ↗
Feb 13 2026
13F-HR · 期间 Q4 2025
$5.28M · 22 持仓 · 查看 SEC 原始申报文件 ↗
Nov 13 2025
13F-HR · 期间 Q3 2025
$4.79M · 22 持仓 · 查看 SEC 原始申报文件 ↗
Aug 13 2025
13F-HR · 期间 Q2 2025
$4.13M · 23 持仓 · 查看 SEC 原始申报文件 ↗
May 14 2025
13F-HR · 期间 Q1 2025
$3.50M · 23 持仓 · 查看 SEC 原始申报文件 ↗
Feb 13 2025
13F-HR · 期间 Q4 2024
$3.43M · 22 持仓 · 查看 SEC 原始申报文件 ↗
Nov 13 2024
13F-HR · 期间 Q3 2024
$3.52M · 21 持仓 · 查看 SEC 原始申报文件 ↗
Aug 13 2024
13F-HR · 期间 Q2 2024
$3.63M · 24 持仓 · 查看 SEC 原始申报文件 ↗
数据来源: 本管理人 13F 信息表（SEC EDGAR）中解析的全部持仓；数值按申报原值列示，单位为美元整数。变动比较各季度最新已接受版本（含修正案），股份数量已按拆股调整。
报告期: Q2 2026 · 最新申报文件 Aug 13, 2026 ·
变动方法论