Baupost Group Increased Amazon Holdings Last Quarter

The firm now holds a $892 million stake in Amazon, making it the largest equity position in their portfolio.

Updated on Sept. 23, 2026 in Investing

Isometric editorial illustration of a cardboard shipping container on a wooden pallet, representing institutional capital reallocation. — Baupost Group disclosed a 20% increase in its Amazon holdings in a 13F filing for the second quarter of 2026. AI Illustration. Upload story photo >

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Baupost Group filed its mandatory 13F report for the quarter ending June 30, 2026, disclosing a portfolio valued at $5.42 billion. The firm increased its Amazon position by 20% to reach a 16.48% total portfolio weight.

Why it matters

Investors often monitor these quarterly disclosures to understand how major institutional managers are reallocating capital across different sectors. This report highlights how the firm is actively managing its 23-security portfolio through targeted exits and new market entries.

Baupost Group manages a $5.42 billion portfolio where Amazon now represents the largest holding at 16.48% of assets. The firm maintains 23 total disclosed securities as of the June 30 filing.

The players

Baupost Group

An investment management firm that files public 13F disclosures regarding its quarterly equity holdings.

Amazon

A global technology company that serves as the largest equity holding in the firm's reported portfolio.

Elevance Health

A health insurance provider that represents 9.11% of the firm's total portfolio.

Alphabet

A technology conglomerate that accounts for 8.95% of the firm's reported equity holdings.

US SEC

The federal agency that mandates quarterly disclosures from investment managers overseeing significant assets.

The details

The investment firm reported 20 total adjustments during the quarter, reflecting a mix of strategic portfolio turnover. Beyond the 20% increase in their Amazon stake, the firm initiated new positions in CME Group, Axalta Coating Systems, and Pershing Square while liquidating its holdings in Willis Towers Watson and Vaxcyte. Additionally, the fund reduced its stake in Restaurant Brands International by 16.42%.

Q1 2021: Willis Towers Watson originally entered the portfolio.
Q4 2025: Baupost Group first reported an Amazon holding.
Q1 2026: Vaxcyte was added to the firm's portfolio.
June 30, 2026: The reporting period for the 13F filing concluded.
September 22, 2026: Data from the portfolio disclosure was published.

Money Landscape

This disclosure follows the standard regulatory transparency requirements for institutional managers, providing a periodic snapshot of market positioning. It sits within the routine cycle of institutional rebalancing that defines quarterly market activity for large-scale portfolios.

Quarterly portfolio disclosures provide insights into institutional trends but do not constitute individual investment advice. Household decision-makers should consult a qualified financial professional before making changes to their own asset allocation based on institutional movements.

The takeaway

Large-scale portfolio shifts provide a useful lens for observing institutional sentiment but should not drive individual retail trading decisions. Always review your own long-term financial goals and risk tolerance with a qualified tax or financial professional rather than mirroring institutional trades.