Scott Olson
Billionaire investor Seth Klarman’s Baupost Group raised its stake in Alphabet (NASDAQ:GOOGL)(NASDAQ:GOOG) and Dollar General (NYSE:DG) in Q2 2025, among other moves.
Baupost disclosed the information in its latest 13F filing for the three months ended June 30, 2025, published on Wednesday.
The fund upped its position in Google-parent Alphabet’s class C stock (NASDAQ:GOOG) by 26.8% to 2.63M shares in Q2. It also added to discount retailer Dollar General (NYSE:DG) by 26.7% to 2.67M shares.
In another notable stake increase, Baupost piled into managed care player Elevance Health (ELV), more than doubling its holdings to 616K shares.
Other moves include taking in new stakes in packaging solutions provider Amcor (AMCR) and fintech Fiserv (FI).
Baupost exited its stakes in London-based analytics firm Clarivate (CLVT) and Solventum (SOLV) – the former health care business of industrial conglomerate 3M (MMM).
Seth Klarman’s Baupost Group is one of the largest hedge funds in the U.S. According to Forbes, Klarman’s real time net worth is $1.3B.