13F filing recap · Q4 2024

What did Baupost Group LLC buy in Q4 2024?

Reported stock-position changes between this filing and the previous one.

Stock value

$3.42B

Positions

Estimated turnover

29.2%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

Quarter in review

Baupost Group opened new positions in Ferguson Enterprises, Sunrise Communications, Humana, and Genuine Parts, while exiting Fidelity National Information Services, Fortrea Holdings, and Jacobs Solutions. The firm sharply increased its stake in Restaurant Brands International and substantially added to Herbalife. It also made moderate additions to Wesco International and Eagle Materials, while trimming Dollar General, Solventum, and Liberty Global.

New positions

FERGFerguson Enterprises Inc.$196.48Mreported value+1.13M shares SNRENSunrise Communications AG$100.60Mreported value+2.34M shares HUMHumana Inc$87.78Mreported value+346.0K shares GPCGenuine Parts Co$36.82Mreported value+315.3K shares

Increased positions

WTWWillis Towers Watson Plc$575.34Mreported value+55.5K shares+3.1%WCCWesco International, Inc.$259.80Mreported value+177.7K shares+14.1%CRHCrh Public Limited Company$244.38Mreported value+4.8K shares+0.2%QSRRestaurant Brands International Inc.$189.13Mreported value+2.87M shares

Reduced positions

LBTYKLiberty Global Ltd.$518.42Mreported value-2.86M shares-6.8%GOOGAlphabet Inc.$271.56Mreported value-39.6K shares-2.7%CLVTClarivate Plc$184.30Mreported value-2.65M shares-6.8%DGDollar General Corp$156.25Mreported value-243.0K shares

Exited positions

FISFidelity National Information Services, Inc.$81.36Mprior reported value-971.5K shares-100.0%JJacobs Solutions Inc.$45.90Mprior reported value-350.7K shares-100.0%FTREFortrea Holdings Inc.$45.86Mprior reported value-2.29M shares-100.0%