Baupost Group Invests $500M in Amazon as Doug Gurr Chairs UK Antitrust Regulator
Seth Klarman's Baupost Group cut its Alphabet stake by 41% and invested nearly $500 million in Amazon, making it its second-largest holding at 9.3%. Former Amazon executive Doug Gurr has been named permanent chair of the UK’s Competition and Markets Authority, positioning him to influence future antitrust scrutiny of Amazon’s operations.
1. Baupost Group Increases Amazon Stake
In Q4 2025, Seth Klarman’s Baupost Group trimmed its Alphabet position by 41% after the stock climbed 65% and reached a 30x forward earnings valuation. The firm then allocated nearly $500 million to Amazon, boosting it to 9.3% of the portfolio, as Klarman anticipates up to 20% earnings growth in 2027 despite AWS facing slower cloud market expansion.
2. Former Exec Doug Gurr Appointed CMA Chair
Britain’s business minister selected former Amazon UK country manager Doug Gurr as permanent chair of the Competition and Markets Authority. Gurr’s deep familiarity with Amazon’s operations and e-commerce landscape could shape the regulator’s approach to antitrust reviews and enforcement actions affecting the company.