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Seth Klarman

Baupost Group · 12 closed periods in the current 3-year detail window (latest closed period: Q4 2025 → next disclosure, 22 priced positions, +2.79% return). Every disclosed long-equity position appears in the table for its period; the Valid column shows 1 (counted in the math) or 0 (excluded — hover the row for the reason). See the methodology for the exact math.

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2026-02-132026-05-14

22 of 22 priced100.00% coverage
+2.79%
Holdings from Q4 2025 disclosure · accession 0001061768-26-000005 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
QSR8,080,112$66.14$76.44$534.42M$617.64M+15.57%10.44%+1.6 bps1
AMZN2,121,391$198.79$267.22$421.71M$566.88M+34.42%9.28%+3.2 bps1
WTW1,357,601$287.74$247.64$390.64M$336.2M-13.94%8.45%-1.2 bps1
ELV1,269,302$346.80$396.71$440.19M$503.54M+14.39%8.43%+1.2 bps1
UNP1,627,254$260.68$269.34$424.19M$438.28M+3.32%7.13%+0.2 bps1
WCC1,418,831$307.10$372.05$435.72M$527.88M+21.15%6.58%+1.4 bps1
GOOG1,087,181$306.02$397.17$332.7M$431.8M+29.79%6.46%+1.9 bps1
FIS4,503,801$46.80$41.81$210.78M$188.3M-10.66%5.67%-0.6 bps1
DG2,062,821$153.84$105.05$317.34M$216.7M-31.71%5.19%-1.6 bps1
FERG1,137,035$261.36$232.00$297.18M$263.79M-11.23%4.80%-0.5 bps1
EXP1,185,248$235.11$202.11$278.66M$239.55M-14.04%4.64%-0.7 bps1
LBTYK20,884,781$10.75$11.26$224.51M$235.16M+4.74%4.37%+0.2 bps1
GPC1,486,088$147.16$97.19$218.69M$144.43M-33.96%3.46%-1.2 bps1
FI2,200,000$59.36$53.46$130.59M$117.61M-9.94%2.80%-0.3 bps1
CRHCF1,072,957$125.97$107.63$135.16M$115.48M-14.56%2.54%-0.4 bps1
HLF9,259,844$15.90$13.03$147.23M$120.66M-18.05%2.26%-0.4 bps1
MOH625,000$135.35$186.80$84.59M$116.75M+38.01%2.05%+0.8 bps1
AERO4,855,180$18.00$14.95$87.39M$72.58M-16.94%2.02%-0.3 bps1
GDS3,044,818$46.12$44.75$140.43M$136.26M-2.97%2.01%-0.1 bps1
COLD3,475,685$12.36$14.59$42.96M$50.71M+18.04%0.85%+0.2 bps1
LBTYA2,080,456$10.89$11.53$22.66M$23.99M+5.88%0.44%+0.0 bps1
TBN257,226$28.10$36.45$7.23M$9.38M+29.72%0.13%+0.0 bps1
Top 5 (by entry value)(5)$2.26B$2.65B+17.64%
Total(22)$5.32B$5.47B+2.79%

2025-11-132026-02-13

20 of 20 priced100.00% coverage
+8.89%
Holdings from Q3 2025 disclosure · accession 0001061768-25-000007 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
QSR8,252,862$70.41$66.14$581.08M$545.84M-6.06%11.11%-0.7 bps1
GOOG1,858,138$279.12$306.02$518.64M$568.63M+9.64%9.50%+0.9 bps1
ELV1,319,000$328.28$346.80$433M$457.43M+5.64%8.95%+0.5 bps1
CRHCF3,383,395$111.16$125.97$376.1M$426.21M+13.32%8.52%+1.1 bps1
WTW1,089,065$324.30$287.74$353.18M$313.37M-11.27%7.90%-0.9 bps1
UNP1,496,204$221.48$260.68$331.38M$390.03M+17.70%7.43%+1.3 bps1
WCC1,503,180$258.01$307.10$387.84M$461.63M+19.03%6.68%+1.3 bps1
DG2,666,876$104.19$153.84$277.86M$410.27M+47.65%5.79%+2.8 bps1
FERG1,155,500$243.18$261.36$280.99M$302M+7.48%5.45%+0.4 bps1
LBTYK21,657,803$10.93$10.75$236.72M$232.82M-1.65%5.34%-0.1 bps1
FIS3,789,711$66.26$46.80$251.11M$177.36M-29.37%5.25%-1.5 bps1
EXP939,660$202.91$235.11$190.67M$220.92M+15.87%4.60%+0.7 bps1
GPC1,395,000$127.73$147.16$178.18M$205.29M+15.21%4.06%+0.6 bps1
GDS3,249,952$30.60$46.12$99.45M$149.89M+50.72%2.64%+1.3 bps1
FI895,000$64.53$59.36$57.75M$53.13M-8.01%2.42%-0.2 bps1
HLF7,759,844$9.43$15.90$73.18M$123.38M+68.61%1.38%+0.9 bps1
LBTYA5,076,762$10.77$10.89$54.68M$55.29M+1.11%1.22%+0.0 bps1
COLD3,600,000$10.72$12.36$38.59M$44.5M+15.30%0.93%+0.1 bps1
PAGS2,500,000$9.39$10.55$23.48M$26.38M+12.35%0.52%+0.1 bps1
TBN570,833$23.95$28.10$13.67M$16.04M+17.33%0.33%+0.1 bps1
Top 5 (by entry value)(5)$2.3B$2.46B+7.10%
Total(20)$4.76B$5.18B+8.89%

2025-08-132025-11-13

22 of 22 priced100.00% coverage
+4.69%
Holdings from Q2 2025 disclosure · accession 0001061768-25-000005 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
GOOG2,633,988$203.03$279.12$534.78M$735.2M+37.48%11.36%+4.3 bps1
WCC2,207,601$215.42$258.01$475.56M$569.58M+19.77%9.94%+2.0 bps1
WTW1,314,184$334.69$324.30$439.84M$426.19M-3.10%9.79%-0.3 bps1
CRHCF3,825,395$113.65$111.16$434.76M$425.23M-2.19%8.54%-0.2 bps1
FIS3,789,711$72.77$66.26$275.78M$251.11M-8.95%7.50%-0.7 bps1
DG2,666,876$115.79$104.19$308.8M$277.86M-10.02%7.41%-0.7 bps1
QSR4,049,562$65.52$70.41$265.33M$285.13M+7.46%6.52%+0.5 bps1
LBTYK24,657,803$11.45$10.93$282.33M$269.51M-4.54%6.18%-0.3 bps1
FERG1,132,000$229.86$243.18$260.2M$275.28M+5.79%5.99%+0.3 bps1
ELV616,000$294.43$328.28$181.37M$202.22M+11.50%5.82%+0.7 bps1
FI895,000$134.29$64.53$120.19M$57.75M-51.95%3.75%-1.9 bps1
EXP676,257$241.22$202.91$163.13M$137.22M-15.88%3.32%-0.5 bps1
VSAT9,190,728$27.49$35.78$252.65M$328.84M+30.16%3.26%+1.0 bps1
GDS3,249,952$33.92$30.60$110.24M$99.45M-9.79%2.41%-0.2 bps1
LBRDK745,610$61.35$47.39$45.74M$35.33M-22.75%1.78%-0.4 bps1
HLF7,759,844$9.75$9.43$75.66M$73.18M-3.28%1.63%-0.1 bps1
ICLR405,000$176.29$163.45$71.4M$66.2M-7.28%1.43%-0.1 bps1
LBTYA5,076,762$11.39$10.77$57.82M$54.68M-5.44%1.24%-0.1 bps1
AMCR5,500,000$9.94$8.58$54.67M$47.19M-13.68%1.23%-0.2 bps1
PAGS2,500,000$9.44$9.39$23.6M$23.48M-0.53%0.59%-0.0 bps1
TBN570,833$20.91$23.95$11.94M$13.67M+14.54%0.30%+0.0 bps1
LBRDA7,560$61.16$47.09$462.37K$356K-23.01%0.02%-0.0 bps1
Top 5 (by entry value)(5)$2.19B$2.43B+10.96%
Total(22)$4.45B$4.65B+4.69%

2025-05-142025-08-13

21 of 22 priced98.79% coverage
+17.84%
Holdings from Q1 2025 disclosure · accession 0001061768-25-000003 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
WTW1,525,667$303.37$334.69$462.84M$510.63M+10.32%14.81%+1.5 bps1
GOOG2,077,988$166.81$203.03$346.63M$421.89M+21.71%9.33%+2.0 bps1
WCC2,005,601$173.78$215.42$348.53M$432.05M+23.96%8.95%+2.1 bps1
LBTYK24,657,803$10.06$11.45$248.06M$282.33M+13.82%8.48%+1.2 bps1
FIS3,492,947$78.05$72.77$272.62M$254.18M-6.76%7.49%-0.5 bps1
QSR3,886,562$68.02$65.52$264.36M$254.65M-3.68%7.44%-0.3 bps1
CRHCF2,694,395$97.47$113.65$262.62M$306.22M+16.60%6.81%+1.1 bps1
EXP909,633$234.44$241.22$213.25M$219.42M+2.89%5.80%+0.2 bps1
DG2,104,876$87.70$115.79$184.6M$243.72M+32.03%5.32%+1.7 bps1
FERG1,132,000$175.11$229.86$198.22M$260.2M+31.27%5.21%+1.6 bps1
GDS4,249,952$27.29$33.92$115.98M$144.16M+24.29%3.09%+0.8 bps1
ELV246,000$374.29$294.43$92.08M$72.43M-21.34%3.07%-0.7 bps1
VSAT10,190,728$10.52$27.49$107.21M$280.14M+161.31%3.05%+4.9 bps1
SOLV1,053,240$71.14$74.38$74.93M$78.34M+4.55%2.30%+0.1 bps1
ICLR405,000$132.23$176.29$53.55M$71.4M+33.32%2.04%+0.7 bps1
HLF7,600,526$6.71$9.75$51M$74.11M+45.31%1.88%+0.9 bps1
LBTYA5,076,762$9.77$11.39$49.6M$57.82M+16.58%1.68%+0.3 bps1
CLVT10,777,863$4.50$4.26$48.5M$45.91M-5.33%1.22%-0.1 bps1
LBRDK170,610$90.01$61.35$15.36M$10.47M-31.84%0.42%-0.1 bps1
TBN570,833$19.80$20.91$11.3M$11.94M+5.61%0.39%+0.0 bps1
LBRDA7,560$89.19$61.16$674.31K$462.37K-31.43%0.02%-0.0 bps1
TPX1.21%0
Top 5 (by entry value)(5)$1.69B$1.87B+10.53%
Total(21)$3.42B$4.03B+17.84%

2025-02-132025-05-14

20 of 21 priced97.06% coverage
-5.75%
Holdings from Q4 2024 disclosure · accession 0001061768-25-000002 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
WTW1,836,748$322.28$303.37$591.95M$557.21M-5.87%16.82%-1.0 bps1
LBTYK39,453,843$11.28$10.06$445.04M$396.91M-10.82%15.15%-1.6 bps1
GOOG1,425,988$187.88$166.81$267.91M$237.87M-11.21%7.94%-0.9 bps1
WCC1,435,671$193.67$173.78$278.05M$249.49M-10.27%7.59%-0.8 bps1
CRHCF2,641,402$106.50$97.47$281.31M$257.46M-8.48%7.14%-0.6 bps1
FERG1,132,000$183.51$175.11$207.73M$198.22M-4.58%5.74%-0.3 bps1
QSR2,901,700$66.39$68.02$192.64M$197.37M+2.46%5.53%+0.1 bps1
CLVT36,279,205$4.94$4.50$179.22M$163.26M-8.91%5.39%-0.5 bps1
EXP638,223$250.50$234.44$159.87M$149.63M-6.41%4.60%-0.3 bps1
DG2,060,800$72.84$87.70$150.11M$180.73M+20.40%4.57%+0.9 bps1
VSAT12,222,590$9.23$10.52$112.81M$128.58M+13.98%3.04%+0.4 bps1
GDS4,249,952$36.02$27.29$153.08M$115.98M-24.24%2.95%-0.7 bps1
SOLV1,446,300$74.31$71.14$107.47M$102.89M-4.27%2.79%-0.1 bps1
HUM346,000$252.88$230.47$87.5M$79.74M-8.86%2.57%-0.2 bps1
LBTYA5,201,444$10.95$9.77$56.96M$50.82M-10.78%1.94%-0.2 bps1
HLF7,600,526$5.22$6.71$39.67M$51M+28.54%1.49%+0.4 bps1
GPC315,337$124.68$124.24$39.32M$39.18M-0.35%1.08%-0.0 bps1
LBRDK170,610$75.90$90.01$12.95M$15.36M+18.59%0.37%+0.1 bps1
TBN570,833$24.25$19.80$13.84M$11.3M-18.35%0.35%-0.1 bps1
LBRDA7,560$75.33$89.19$569.52K$674.31K+18.40%0.02%+0.0 bps1
SNRE2.94%0
Top 5 (by entry value)(5)$1.86B$1.7B-8.87%
Total(20)$3.38B$3.18B-5.75%

2024-11-132025-02-13

20 of 20 priced100.00% coverage
-1.89%
Holdings from Q3 2024 disclosure · accession 0001061768-24-000005 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
LBTYK42,311,011$23.32$21.54$986.74M$911.58M-7.62%26.10%-2.0 bps1
WTW1,781,206$316.88$322.28$564.43M$574.05M+1.70%14.97%+0.3 bps1
CLVT38,929,635$4.75$4.94$184.92M$192.31M+4.00%7.89%+0.3 bps1
GOOG1,465,588$180.49$187.88$264.52M$275.35M+4.09%6.99%+0.3 bps1
CRHCF2,636,602$99.18$106.50$261.5M$280.8M+7.38%6.98%+0.5 bps1
WCC1,258,000$207.05$193.67$260.47M$243.64M-6.46%6.03%-0.4 bps1
DG2,303,800$76.78$72.84$176.89M$167.81M-5.13%5.56%-0.3 bps1
LBTYA7,194,276$23.10$21.25$166.17M$152.91M-7.98%4.33%-0.3 bps1
VSAT12,222,590$7.90$9.23$96.56M$112.81M+16.84%4.17%+0.7 bps1
EXP500,273$308.25$250.50$154.21M$125.32M-18.73%4.11%-0.8 bps1
SOLV1,820,000$70.04$74.31$127.47M$135.24M+6.10%3.62%+0.2 bps1
GDS4,249,952$22.57$36.02$95.92M$153.08M+59.59%2.47%+1.5 bps1
FIS971,460$88.88$70.53$86.34M$68.52M-20.65%2.32%-0.5 bps1
J350,681$147.77$129.06$51.82M$45.26M-12.66%1.31%-0.2 bps1
FTRE2,293,167$21.28$14.98$48.8M$34.35M-29.61%1.31%-0.4 bps1
HLF5,124,526$8.20$5.22$42.02M$26.75M-36.34%1.05%-0.4 bps1
LBRDK170,610$86.79$75.90$14.81M$12.95M-12.55%0.38%-0.0 bps1
TBN570,833$19.03$24.25$10.86M$13.84M+27.43%0.33%+0.1 bps1
QSR28,294$67.91$66.39$1.92M$1.88M-2.24%0.06%-0.0 bps1
LBRDA7,560$86.44$75.33$653.48K$569.52K-12.85%0.02%-0.0 bps1
Top 5 (by entry value)(5)$2.34B$2.29B-2.23%
Total(20)$3.6B$3.53B-1.89%

2024-08-132024-11-13

21 of 23 priced98.96% coverage
+9.21%
Holdings from Q2 2024 disclosure · accession 0001567619-24-000363 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
LBTYK42,311,011$19.53×1.91$12.21$826.33M$986.74M+19.41%21.39%+4.2 bps1
WTW1,652,648$274.68$316.88$453.95M$523.69M+15.36%12.27%+1.9 bps1
CRHCF4,226,602$83.45$99.18$352.71M$419.19M+18.85%8.98%+1.7 bps1
FIS3,509,254$78.26$88.88$274.63M$311.9M+13.57%7.49%+1.0 bps1
CLVT38,929,635$6.20$4.75$241.36M$184.92M-23.39%6.27%-1.5 bps1
GOOG1,069,588$165.93$180.49$177.48M$193.05M+8.77%5.56%+0.5 bps1
VSAT13,759,364$16.74$7.90$230.33M$108.7M-52.81%4.95%-2.6 bps1
HUM420,000$356.84$289.42$149.87M$121.56M-18.89%4.44%-0.8 bps1
JAZZ1,274,248$111.68$127.65$142.31M$162.66M+14.30%3.85%+0.6 bps1
WCC803,000$156.33$207.05$125.53M$166.26M+32.44%3.61%+1.2 bps1
LBTYA7,194,276$19.00×1.941$11.90$136.69M$166.17M+21.57%3.55%+0.8 bps1
SOLV1,820,000$58.22$70.04$105.96M$127.47M+20.30%2.73%+0.6 bps1
WSC2,470,000$34.82$36.96$86.01M$91.29M+6.15%2.63%+0.2 bps1
EXP342,102$245.47$308.25$83.98M$105.45M+25.58%2.11%+0.5 bps1
FTRE3,140,360$22.22$21.28$69.78M$66.83M-4.23%2.08%-0.1 bps1
J494,218$119.15$147.77$58.89M$73.03M+24.02%1.96%+0.5 bps1
HLF5,124,526$7.67$8.20$39.31M$42.02M+6.91%1.51%+0.1 bps1
GDS4,249,952$11.48$22.57$48.79M$95.92M+96.60%1.12%+1.1 bps1
TBPH4,200,021$8.28$9.68$34.78M$40.66M+16.91%1.01%+0.2 bps1
CPRI1,000,000$29.91$19.65$29.91M$19.65M-34.30%0.94%-0.3 bps1
VRSN105,764$174.74$184.99$18.48M$19.57M+5.87%0.53%+0.0 bps1
LSXMK0.66%0
LSXMA0.38%0
Top 5 (by entry value)(5)$2.15B$2.43B+12.91%
Total(21)$3.69B$4.03B+9.21%

2024-05-142024-08-13

18 of 21 priced93.96% coverage
+2.33%
Holdings from Q1 2024 disclosure · accession 0001567619-24-000317 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
LBTYK42,311,011$17.48$19.53$739.59M$826.33M+11.73%21.03%+2.5 bps1
GOOG2,957,652$171.93$165.93$508.51M$490.76M-3.49%12.69%-0.4 bps1
WTW1,555,667$253.89$274.68$394.97M$427.31M+8.19%12.06%+1.0 bps1
FIS5,578,969$76.39$78.26$426.18M$436.61M+2.45%11.66%+0.3 bps1
VSAT15,030,838$17.84$16.74$268.15M$251.62M-6.17%7.66%-0.5 bps1
CRHCF2,709,543$82.55$83.45$223.67M$226.11M+1.09%6.59%+0.1 bps1
CLVT30,598,402$6.52$6.20$199.5M$189.71M-4.91%6.41%-0.3 bps1
LBTYA7,194,276$16.95$19.00$121.94M$136.69M+12.09%3.43%+0.4 bps1
JAZZ833,696$112.01$111.68$93.38M$93.11M-0.29%2.83%-0.0 bps1
J506,786$114.04$119.15$57.79M$60.38M+4.48%2.20%+0.1 bps1
EXP262,000$268.70$245.47$70.4M$64.31M-8.65%2.01%-0.2 bps1
TBPH6,594,126$9.39$8.28$61.92M$54.6M-11.82%1.67%-0.2 bps1
WCC205,724$179.60$156.33$36.95M$32.16M-12.96%0.99%-0.1 bps1
WBD3,713,930$8.56$7.06$31.79M$26.22M-17.52%0.91%-0.2 bps1
HLF2,244,923$11.27$7.67$25.3M$17.22M-31.94%0.64%-0.2 bps1
GDS2,600,000$8.42$11.48$21.89M$29.85M+36.34%0.49%+0.2 bps1
OPTU4,774,615$2.18$1.70$10.41M$8.12M-22.02%0.35%-0.1 bps1
FTRE303,797$28.84$22.22$8.76M$6.75M-22.95%0.34%-0.1 bps1
LSXMK3.64%0
LSXMA2.24%0
SOUN0.16%0
Top 5 (by entry value)(5)$2.34B$2.43B+4.07%
Total(18)$3.3B$3.38B+2.33%

2024-02-132024-05-14

20 of 23 priced85.55% coverage
-0.16%
Holdings from Q4 2023 disclosure · accession 0001567619-24-000192 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
LBTYK42,311,011$19.76$17.48$836.06M$739.59M-11.54%17.20%-2.0 bps1
VSAT16,174,839$19.00$17.84$307.32M$288.56M-6.11%9.86%-0.6 bps1
GOOG2,949,538$146.37$171.93$431.72M$507.11M+17.46%9.07%+1.6 bps1
FIS6,360,719$61.24$76.39$389.53M$485.9M+24.74%8.33%+2.1 bps1
WTW1,555,667$270.86$253.89$421.37M$394.97M-6.27%8.18%-0.5 bps1
WBD25,235,094$9.54$8.56$240.74M$216.01M-10.27%6.26%-0.6 bps1
CLVT25,500,000$8.94$6.52$227.97M$166.26M-27.07%5.15%-1.4 bps1
CRHCF3,345,543$72.42$82.55$242.28M$276.17M+13.99%5.05%+0.7 bps1
LBTYA7,194,276$18.77$16.95$135.04M$121.94M-9.70%2.79%-0.3 bps1
JAZZ833,696$121.83$112.01$101.57M$93.38M-8.06%2.24%-0.2 bps1
J727,786$118.33$114.04$86.12M$83M-3.63%2.06%-0.1 bps1
TBPH7,419,226$8.35$9.39$61.95M$69.67M+12.46%1.82%+0.2 bps1
TSEM2,710,852$28.63$36.95$77.61M$100.17M+29.06%1.80%+0.5 bps1
LLYVA1,899,547$34.63$37.66$65.78M$71.54M+8.75%1.51%+0.1 bps1
SSNC1,028,545$60.15$63.20$61.87M$65M+5.07%1.37%+0.1 bps1
GTN3,760,000$7.93$7.00$29.82M$26.32M-11.73%0.73%-0.1 bps1
GTX2,994,289$8.34$9.37$24.97M$28.06M+12.35%0.63%+0.1 bps1
LLYVK718,270$36.10$39.46$25.93M$28.34M+9.31%0.59%+0.1 bps1
HLF1,679,799$11.80$11.27$19.82M$18.93M-4.49%0.56%-0.0 bps1
OPTU4,774,615$2.04$2.18$9.74M$10.41M+6.86%0.34%+0.0 bps1
LSXMK9.32%0
LSXMA5.13%0
FNCH0.01%0
Top 5 (by entry value)(5)$2.39B$2.42B+1.26%
Total(20)$3.8B$3.79B-0.16%

2023-11-132024-02-13

24 of 31 priced77.04% coverage
+12.98%
Holdings from Q3 2023 disclosure · accession 0001567619-23-007709 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
LBTYK42,311,011$16.45$19.76$696.02M$836.06M+20.12%15.27%+3.1 bps1
GOOG3,831,538$133.64$146.37$512.05M$560.82M+9.53%9.82%+0.9 bps1
FIS6,960,219$52.39$61.24$364.65M$426.24M+16.89%7.48%+1.3 bps1
WTW1,555,667$243.53$270.86$378.85M$421.37M+11.22%6.32%+0.7 bps1
VSAT16,174,839$18.30$19.00$296M$307.32M+3.83%5.81%+0.2 bps1
WBD25,235,094$9.89$9.54$249.58M$240.74M-3.54%5.33%-0.2 bps1
CRHCF3,345,543$59.71$72.42$199.76M$242.28M+21.29%3.56%+0.8 bps1
CLVT22,500,000$6.49$8.94$146.03M$201.15M+37.75%2.94%+1.1 bps1
LBTYA7,194,276$15.37$18.77$110.58M$135.04M+22.12%2.39%+0.5 bps1
SSNC2,298,636$52.47$60.15$120.61M$138.26M+14.64%2.35%+0.3 bps1
DG927,000$117.39$131.77$108.82M$122.15M+12.25%1.91%+0.2 bps1
QRVO935,612$90.37$111.71$84.55M$104.52M+23.61%1.74%+0.4 bps1
JAZZ673,696$122.00$121.83$82.19M$82.08M-0.14%1.70%-0.0 bps1
TSEM2,850,000$25.48$28.63$72.62M$81.6M+12.36%1.36%+0.2 bps1
J487,786$110.74$118.33$54.02M$57.72M+6.86%1.29%+0.1 bps1
TBPH7,419,226$10.20$8.35$75.68M$61.95M-18.14%1.24%-0.2 bps1
LLYVA1,979,167$34.18$34.63$67.65M$68.54M+1.32%1.23%+0.0 bps1
LLYVK1,902,472$35.04$36.10$66.66M$68.68M+3.03%1.19%+0.0 bps1
EDU1,023,272$69.51$88.06$71.13M$90.11M+26.69%1.16%+0.3 bps1
GTX5,987,289$7.28$8.34$43.59M$49.93M+14.56%0.92%+0.1 bps1
STX600,000$72.47$87.16$43.48M$52.3M+20.27%0.77%+0.2 bps1
GTN3,760,000$7.08$7.93$26.62M$29.82M+12.01%0.51%+0.1 bps1
HLF1,693,345$12.36$11.80$20.93M$19.98M-4.53%0.46%-0.0 bps1
OPTU4,774,615$2.04$2.04$9.74M$9.74M+0.00%0.30%+0.0 bps1
VRTV10.92%0
LSXMK7.35%0
LSXMA4.05%0
ADV0.34%0
ATRA0.28%0
TMQ0.02%0
FNCH0.01%0
Top 5 (by entry value)(5)$2.25B$2.55B+13.54%
Total(24)$3.9B$4.41B+12.98%

2023-08-112023-11-13

21 of 28 priced78.03% coverage
-10.73%
Holdings from Q2 2023 disclosure · accession 0001567619-23-006910 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
LBTYK45,004,310$19.75$16.45$888.83M$740.32M-16.71%14.46%-2.4 bps1
VSAT16,288,959$30.55$18.30$497.63M$298.09M-40.10%12.15%-4.9 bps1
GOOG4,119,780$130.17$133.64$536.27M$550.57M+2.67%9.01%+0.2 bps1
FIS6,775,000$56.29$52.39$381.36M$354.94M-6.93%6.70%-0.5 bps1
WBD25,235,094$13.70$9.89$345.72M$249.58M-27.81%5.72%-1.6 bps1
QRVO2,617,703$101.88$90.37$266.69M$236.56M-11.30%4.83%-0.5 bps1
SSNC3,720,430$56.09$52.47$208.68M$195.21M-6.45%4.08%-0.3 bps1
WTW902,367$203.87$243.53$183.97M$219.75M+19.45%3.84%+0.7 bps1
GTX26,070,589$7.65$7.28$199.44M$189.79M-4.84%3.57%-0.2 bps1
EDU4,118,784$52.80$69.51$217.47M$286.3M+31.65%2.94%+0.9 bps1
AMZN963,946$138.41$142.59$133.42M$137.45M+3.02%2.27%+0.1 bps1
LBTYA7,194,276$18.53$15.37$133.31M$110.58M-17.05%2.19%-0.4 bps1
JAZZ673,696$139.35$122.00$93.88M$82.19M-12.45%1.51%-0.2 bps1
TBPH7,419,226$9.97$10.20$73.97M$75.68M+2.31%1.39%+0.0 bps1
DG242,000$164.85$117.39$39.89M$28.41M-28.79%0.74%-0.2 bps1
STX600,000$66.85$72.47$40.11M$43.48M+8.41%0.67%+0.1 bps1
UNP175,000$229.49$209.40$40.16M$36.65M-8.75%0.65%-0.1 bps1
GTN3,760,000$8.94$7.08$33.61M$26.62M-20.81%0.54%-0.1 bps1
HLF1,954,200$17.27$12.36$33.75M$24.15M-28.43%0.47%-0.1 bps1
OPTU4,774,615$3.45$2.04$16.47M$9.74M-40.87%0.26%-0.1 bps1
CRH56,543$58.10$59.71$3.29M$3.38M+2.77%0.06%+0.0 bps1
LSXMK8.79%0
VRTV7.55%0
LSXMA4.85%0
ADV0.45%0
ATRA0.28%0
TMQ0.04%0
FNCH0.01%0
Top 5 (by entry value)(5)$2.65B$2.19B-17.22%
Total(21)$4.37B$3.9B-10.73%

2023-05-122023-08-11

21 of 28 priced79.59% coverage
+6.09%
Holdings from Q1 2023 disclosure · accession 0001567619-23-006061 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
LBTYK47,504,310$18.01$19.75$855.55M$938.21M+9.66%17.31%+1.7 bps1
GOOG5,851,780$117.92$130.17$690.04M$761.73M+10.39%10.88%+1.1 bps1
VSAT16,288,959$35.75$30.55$582.33M$497.63M-14.55%9.86%-1.4 bps1
QRVO4,649,504$90.24$101.88$419.57M$473.69M+12.90%8.44%+1.1 bps1
WBD25,235,094$12.51$13.70$315.69M$345.72M+9.51%6.81%+0.6 bps1
FIS4,841,549$55.07$56.29$266.62M$272.53M+2.22%4.70%+0.1 bps1
EDU5,418,784$37.77$52.80$204.67M$286.11M+39.79%3.74%+1.5 bps1
WTW858,667$229.30$203.87$196.89M$175.06M-11.09%3.57%-0.4 bps1
SSNC3,274,430$54.96$56.09$179.96M$183.66M+2.06%3.31%+0.1 bps1
LBTYA7,194,276$17.23$18.53$123.96M$133.31M+7.54%2.51%+0.2 bps1
TBPH10,419,226$11.30$9.97$117.74M$103.88M-11.77%2.02%-0.2 bps1
SWKS703,865$97.14$107.24$68.37M$75.48M+10.40%1.48%+0.2 bps1
JAZZ478,696$135.72$139.35$64.97M$66.71M+2.67%1.25%+0.0 bps1
FI533,382$119.45$125.59$63.71M$66.99M+5.14%1.08%+0.1 bps1
GTN3,760,000$7.60$8.94$28.58M$33.61M+17.63%0.59%+0.1 bps1
HLF1,954,200$14.03$17.27$27.42M$33.75M+23.09%0.56%+0.1 bps1
GTX3,575,000$7.98$7.65$28.53M$27.35M-4.14%0.49%-0.0 bps1
OPTU4,774,615$2.59$3.45$12.37M$16.47M+33.20%0.29%+0.1 bps1
LAD65,043$211.52$316.34$13.76M$20.58M+49.56%0.27%+0.1 bps1
DBRG1,233,914$10.93$17.16$13.49M$21.17M+57.00%0.26%+0.2 bps1
STX136,077$57.57$66.85$7.83M$9.1M+16.12%0.16%+0.0 bps1
VRTV8.03%0
LSXMK7.43%0
LSXMA4.11%0
ATRA0.47%0
ADV0.30%0
TMQ0.04%0
FNCH0.01%0
Top 5 (by entry value)(5)$2.86B$3.02B+5.37%
Total(21)$4.28B$4.54B+6.09%