---
name: Copy Baupost Group
kind: hedgecopy-fund
cik: 0001061768
latest_13f_period: 2026-06-30
latest_13f_filed: 2026-08-13
author: HedgeCopy
---

# Copy Baupost Group (13F follow-the-filing)

Baupost Group files a 13F-HR with the SEC each quarter (CIK 0001061768). This skill describes a
long-only copy portfolio built from that filing, bought the trading day after it is filed.

## Track record (estimated from 13F holdings, net of 10 bps per unit of turnover)
- Annualised return copying the filings, last 3 years (headline): +20.3% vs SPY +22.9% (alpha -2.6%/yr)
- Annualised since the series started (2021-02-19 to 2026-10-09): +7.8% vs SPY +14.5%
- Follow-the-filing TTM: +15.0% vs SPY +16.2% (alpha -1.2%)
- Quarters of history: 23; average coverage 65%; flags: low_coverage

## Latest disclosed top holdings (2026-06-30)
| # | Ticker | Issuer | Weight |
|---|---|---|---|
| 1 | AMZN | AMAZON COM INC | 16.5% |
| 2 | ELV | ELEVANCE HEALTH INC FORMERLY | 9.1% |
| 3 | QSR | RESTAURANT BRANDS INTL INC | 9.0% |
| 4 | GOOG | ALPHABET INC | 9.0% |
| 5 | FERG | FERGUSON ENTERPRISES INC | 6.4% |
| 6 | GPC | GENUINE PARTS CO | 6.1% |
| 7 | UNP | UNION PAC CORP | 6.0% |
| 8 | V | VISA INC | 4.4% |
| 9 | WCC | WESCO INTL INC | 4.2% |
| 10 | — | AON PLC | 4.2% |
| 11 | TFX | TELEFLEX INCORPORATED | 3.3% |
| 12 | — | NORWEGIAN CRUISE LINE HLDGS | 3.0% |
| 13 | MOH | MOLINA HEALTHCARE INC | 2.7% |
| 14 | CME | CME GROUP INC | 2.5% |
| 15 | — | HERBALIFE LTD | 2.2% |
| 16 | EXP | EAGLE MATLS INC | 2.2% |
| 17 | GDS | GDS HLDGS LTD | 2.1% |
| 18 | COLD | AMERICOLD REALTY TRUST INC | 2.0% |
| 19 | — | LIBERTY GLOBAL LTD | 1.7% |
| 20 | AERO | GRUPO AEROMEXICO SAB DE CV | 1.6% |

## About the fund

The Baupost Group is a Boston-based investment manager founded in 1982 that employs a long-term, value-oriented, and multi-strategy approach. Led by CEO Seth Klarman, the firm manages capital for families, foundations, and endowments, investing across a broad range of asset classes including public and private credit, equity, and real estate.

- Strategy: Value investing
- Type: Long-only, Credit / distressed
- Founders: William J. Poorvu, Howard H. Stevenson, Jordan Baruch, Isaac Auerbach
- Key people: Seth Andrew Klarman (Partner and Chief Executive Officer); James Francis Mooney (Partner and President); Elaine Frazer Mann (Partner and Chief Operating Officer); Jason James Price (Partner and Chief Financial Officer); Frederick Harold Fogel (Partner and General Counsel)
- Founded 1982 · HQ Boston, United States
- Reported AUM: $24.7bn (as of March 30, 2026)
- Website: https://www.baupost.com

### Approach
Baupost employs a long-term, value-oriented, and multi-strategy approach, seeking mispriced assets on a bottom-up basis. The firm focuses on business fundamentals and catalysts for value realization while maintaining a flexible mandate that allows it to invest across diverse asset classes, including public and private credit, equity, and real estate. It is known for being risk-averse, often holding significant cash when attractive opportunities are scarce, and avoiding recourse leverage on its portfolio.

### History
The Baupost Group was founded in 1982 by four families—William Poorvu, Howard Stevenson, Jordan Baruch, and Isaac Auerbach—who pooled their capital to be managed by Seth Klarman. The firm's name is an acronym derived from the founders' surnames. Over the decades, it has grown from its initial $30 million in assets into one of the largest value-oriented investment firms in the country.

### Notable positions / campaigns
- Amazon.com, Inc. (2026): Largest holding in the firm's 13F portfolio as of Q2 2026.
- Walnut Place LLC (Bank of America litigation) (2011-2012): Legal challenge involving distressed bond settlements to force an increase in settlement of sub-prime bonds.

_Profile generated 2026-10-09 from public sources; may be incomplete or out of date._

## Rules
- Hold the top 20 long US-equity positions from the latest 13F-HR, weighted as reported.
- Rebalance on the first trading day after each new 13F-HR is filed. Cash only, paper only.

## Parameters
```json
{
  "params": {
    "funds": [
      "0001061768"
    ],
    "top_n": 20,
    "weighting": "13f",
    "rebalance": "filing_plus_1",
    "budget_usd": 10000,
    "stop_loss_pct": null,
    "cash_only": true
  }
}
```

> Estimated from 13F holdings (long US equities only; no shorts, options, cash or fees). Past performance is not a guide to the future. Not investment advice. Paper trading only.