Seth Klarman - Baupost Group – Largest Position Reductions (2025 Q4)
This report summarizes the most meaningful reductions and sell-offs made by Seth Klarman - Baupost Group in 2025 Q4. 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 |
|---|---|---|---|---|---|---|---|
| QSR | 8,080,112 | $68.23 | Reduced | -2.09% | 10.44% | $551.31M | 2025 Q4 |
| ELV | 1,269,302 | $350.55 | Reduced | -3.77% | 8.43% | $444.95M | 2025 Q4 |
| WCC | 1,418,831 | $244.64 | Reduced | -5.61% | 6.57% | $347.1M | 2025 Q4 |
| GOOG | 1,087,181 | $313.8 | Reduced | -41.49% | 6.46% | $341.16M | 2025 Q4 |
| DG | 2,062,821 | $132.77 | Reduced | -22.65% | 5.19% | $273.88M | 2025 Q4 |
| FERG | 1,137,035 | $222.63 | Reduced | -1.60% | 4.79% | $253.14M | 2025 Q4 |
| LBTYK | 20,884,781 | $11.04 | Reduced | -3.57% | 4.37% | $230.57M | 2025 Q4 |
| CRH | 1,072,957 | $124.8 | Reduced | -68.29% | 2.54% | $133.91M | 2025 Q4 |
| GDS | 3,044,818 | $34.9 | Reduced | -6.31% | 2.01% | $106.26M | 2025 Q4 |
| COLD | 3,475,685 | $12.86 | Reduced | -3.45% | 0.85% | $44.7M | 2025 Q4 |
| LBTYA | 2,080,456 | $11.14 | Reduced | -59.02% | 0.44% | $23.18M | 2025 Q4 |
| TBN | 257,226 | $27.23 | Reduced | -54.94% | 0.13% | $7M | 2025 Q4 |
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