Klarman’s Baupost Adds 2.12M Amazon Shares Valued at $489.7M
In the fourth quarter of 2025, Seth Klarman’s Baupost Group acquired 2,121,391 Amazon.com Inc. shares, representing 9.28% of its portfolio and valued at $489.66 million. He also added positions in Molina Healthcare and Grupo Aeromexico while fully exiting one prior holding.
1. Q4 2025 13F Filing Details
In the fourth quarter of 2025, Seth Klarman’s Baupost Group filed its 13F report, revealing significant portfolio shifts that highlight a strategic reallocation toward high-conviction positions.
2. Significant Amazon Acquisition
The Baupost Group added 2,121,391 shares of Amazon.com Inc., representing 9.28% of the fund’s total assets and valued at $489.66 million, marking it as the largest new investment during the period.
3. Other Additions and Exits
In addition to Amazon, Baupost purchased 625,000 Molina Healthcare shares (2.05% of the portfolio, $108.46 million) and 4,855,180 Grupo Aeromexico shares (2.02%, $106.62 million), while fully divesting one previous holding.