BAUPOST GROUP LLC/MA Holdings - 4Q25

As of December 31, 2025, BAUPOST GROUP LLC/MA reported 22 positions comprising 22 stocks worth $5.3B. The top 5 holdings represented 43.7% of the portfolio. During the quarter, the fund entered 3 new positions and exited 3. Explore portfolio value and concentration trends, quarterly position counts, and a detailed breakdown of each holding below.