Baupost Group Llc/ma
The Baupost Group is a Boston-based hedge fund founded in 1982 by William Poorvu and partners and currently led by CEO Seth Klarman. It is one of the world’s largest hedge funds, managing over $30 billion for institutional and sophisticated investors. The firm is highly regarded for its value investing approach and strict risk management, employing around 61 professionals with backgrounds in analysis, portfolio management, and operations. Baupost focuses exclusively on managing its hedge funds and does not offer separately managed accounts or other services.
Investment Strategy
Baupost pursues an opportunistic, value-oriented investment strategy, seeking undervalued or distressed assets across asset classes. The firm invests in equities, debt, distressed securities, real estate, illiquid claims, and other special situations, favoring investments that are out of favor, complex, illiquid, or trading at a discount. Baupost is recognized for its rigorous risk management, use of leverage mainly in real estate, and preference for long-term, patient capital allocation. The fund aims to generate attractive risk-adjusted returns by capitalizing on market inefficiencies and often benefits from avoiding crowded trades and conducting deep fundamental research.
Top Holdings
Equity Positions (22)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
G GOOG | ALPHABET INC | 11.31% | $467.2M | 2,633,988 | $138.12 | $177.39 | +$142.6M |
W WCC | WESCO INTL INC | 9.90% | $408.8M | 2,207,601 | $164.56 | $185.20 | +$97.4M |
W WTW | WILLIS TOWERS WATSON PLC LTD | 9.75% | $402.8M | 1,314,184 | $227.65 | $306.50 | -$112.8M |
C CRH | CRH PLC | 8.50% | $351.2M | 3,825,395 | $70.71 | $91.80 | +$114.1M |
F FIS | FIDELITY NATL INFORMATION SV | 7.47% | $308.5M | 3,789,711 | $75.21 | $81.41 | +$47.7M |