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Seth Klarman - Baupost Group – Largest Position Reductions (2026 Q1)

This report summarizes the most meaningful reductions and sell-offs made by Seth Klarman - Baupost Group in 2026 Q1. The analysis highlights which positions were trimmed or exited, providing insight into how the investor adjusted risk exposure and portfolio strategy.

Symbol Shares Reported Price(USD) Action Change % Portfolio Weight Position Value Filing Period
UNP 1,540,995 $242.62 Reduced -5.30% 7.30% $373.88M 2026 Q1
WTW 893,126 $290.7 Reduced -34.21% 5.07% $259.63M 2026 Q1
EXP 892,763 $189.45 Reduced -24.68% 3.30% $169.13M 2026 Q1
LBTYK 13,397,247 $11.73 Reduced -35.85% 3.07% $157.15M 2026 Q1
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