BAUPOST GROUP LLC/MA Diversified Active

CIK: 0001061768 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $5,279 (100.0% shares, 0.0% debt)

Holdings (22)

New Positions (3)

AMZN AMAZON COM INC 9.3%

Value ($000) $490 Shares 2,121,391 Est. Cost $228.79 Unrealized 0.0%

MOH MOLINA HEALTHCARE INC 2.1%

Value ($000) $108 Shares 625,000 Est. Cost $164.37 Unrealized 0.0%

AERO GRUPO AEROMEXICO SAB DE CV 2.0%

Value ($000) $107 Shares 4,855,180 Est. Cost $0.02 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMZN	AMAZON COM INC	2,121,391	$490	9.3%	$228.79	0.0%	COM	023135106
MOH	MOLINA HEALTHCARE INC	625,000	$108	2.1%	$164.37	0.0%	COM	60855R100
AERO	GRUPO AEROMEXICO SAB DE CV	4,855,180	$107	2.0%	$0.02	—	SPONSORED ADS	40054J109

Increased Positions (7)

WTW WILLIS TOWERS WATSON PLC LTD 8.5%

Value ($000) $446 (+18.6%) Shares 1,357,601 (+24.7%) Est. Cost $238.22 Unrealized +37.1%

HLF HERBALIFE LTD 2.3%

Value ($000) $119 (+82.2%) Shares 9,259,844 (+19.3%) Est. Cost $10.75 Unrealized -1.5%

FIS FIDELITY NATL INFORMATION SV 5.7%

Value ($000) $299 (+19.8%) Shares 4,503,801 (+18.8%) Est. Cost $72.55 Unrealized -9.5%

FISV FISERV INC 2.8%

Value ($000) $148 (+28.1%) Shares 2,200,000 (+145.8%) Est. Cost $123.52 Unrealized -32.1%

EXP EAGLE MATLS INC 4.6%

Value ($000) $245 (+11.9%) Shares 1,185,248 (+26.1%) Est. Cost $236.35 Unrealized -6.7%

UNP UNION PAC CORP 7.1%

Value ($000) $376 (+6.4%) Shares 1,627,254 (+8.8%) Est. Cost $223.49 Unrealized +1.7%

GPC GENUINE PARTS CO 3.5%

Value ($000) $183 (-5.5%) Shares 1,486,088 (+6.5%) Est. Cost $132.17 Unrealized -2.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WTW	WILLIS TOWERS WATSON PLC LTD	1,357,601 (+24.7%)	$446 (+18.6%)	8.5%	$238.22	+37.1%	SHS	G96629103
HLF	HERBALIFE LTD	9,259,844 (+19.3%)	$119 (+82.2%)	2.3%	$10.75	-1.5%	COM SHS	G4412G101
FIS	FIDELITY NATL INFORMATION SV	4,503,801 (+18.8%)	$299 (+19.8%)	5.7%	$72.55	-9.5%	COM	31620M106
FISV	FISERV INC	2,200,000 (+145.8%)	$148 (+28.1%)	2.8%	$123.52	-32.1%	COM	337738108
EXP	EAGLE MATLS INC	1,185,248 (+26.1%)	$245 (+11.9%)	4.6%	$236.35	-6.7%	COM	26969P108
UNP	UNION PAC CORP	1,627,254 (+8.8%)	$376 (+6.4%)	7.1%	$223.49	+1.7%	COM	907818108
GPC	GENUINE PARTS CO	1,486,088 (+6.5%)	$183 (-5.5%)	3.5%	$132.17	-2.6%	COM	372460105

Exited Positions (3)

PAGS PAGSEGURO DIGITAL LTD 0.5%

Value ($000) $25 Shares 2,500,000 Est. Cost $9.01 Unrealized +6.4%

— HERBALIFE LTD 0.3%

Value ($000) $16 Shares 17,129,000 Est. Cost $0.00 Unrealized —

— CABLE ONE INC 0.2%

Value ($000) $12 Shares 14,100,000 Est. Cost $0.00 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PAGS	PAGSEGURO DIGITAL LTD	2,500,000	$25	0.5%	$9.01	+6.4%	—	G68707101
—	HERBALIFE LTD	17,129,000	$16	0.3%	$0.00	—	—	42703MAF0
—	CABLE ONE INC	14,100,000	$12	0.2%	$0.00	—	—	12685JAG0

Decreased Positions (12)

CRH CRH PLC 2.5%

Value ($000) $134 (-67.0%) Shares 1,072,957 (-68.3%) Est. Cost $71.74 Unrealized +66.0%

GOOG ALPHABET INC 6.5%

Value ($000) $341 (-24.6%) Shares 1,087,181 (-41.5%) Est. Cost $143.43 Unrealized +99.6%

LBTYA LIBERTY GLOBAL LTD 0.4%

Value ($000) $23 (-60.2%) Shares 2,080,456 (-59.0%) Est. Cost $8.35 Unrealized +32.6%

WCC WESCO INTL INC 6.6%

Value ($000) $347 (+9.2%) Shares 1,418,831 (-5.6%) Est. Cost $169.30 Unrealized +44.7%

LBTYK LIBERTY GLOBAL LTD 4.4%

Value ($000) $231 (-9.4%) Shares 20,884,781 (-3.6%) Est. Cost $9.07 Unrealized +22.6%

QSR RESTAURANT BRANDS INTL INC 10.4%

Value ($000) $551 (+4.2%) Shares 8,080,112 (-2.1%) Est. Cost $66.91 Unrealized +3.0%

GDS GDS HLDGS LTD 2.0%

Value ($000) $106 (-15.5%) Shares 3,044,818 (-6.3%) Est. Cost $0.01 Unrealized —

ELV ELEVANCE HEALTH INC FORMERLY 8.4%

Value ($000) $445 (+4.4%) Shares 1,269,302 (-3.8%) Est. Cost $349.03 Unrealized -3.5%

TBN TAMBORAN RES CORP 0.1%

Value ($000) $7 (-55.2%) Shares 257,226 (-54.9%) Est. Cost $21.79 Unrealized +16.7%

FERG FERGUSON ENTERPRISES INC 4.8%

Value ($000) $253 (-2.5%) Shares 1,137,035 (-1.6%) Est. Cost $195.10 Unrealized +22.0%

DG DOLLAR GEN CORP NEW 5.2%

Value ($000) $274 (-0.6%) Shares 2,062,821 (-22.7%) Est. Cost $103.88 Unrealized +7.3%

COLD AMERICOLD REALTY TRUST INC 0.8%

Value ($000) $45 (+1.4%) Shares 3,475,685 (-3.5%) Est. Cost $0.01 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CRH	CRH PLC	1,072,957 (-68.3%)	$134 (-67.0%)	2.5%	$71.74	+66.0%	ORD	G25508105
GOOG	ALPHABET INC	1,087,181 (-41.5%)	$341 (-24.6%)	6.5%	$143.43	+99.6%	CAP STK CL C	02079K107
LBTYA	LIBERTY GLOBAL LTD	2,080,456 (-59.0%)	$23 (-60.2%)	0.4%	$8.35	+32.6%	COM CL A	G61188101
WCC	WESCO INTL INC	1,418,831 (-5.6%)	$347 (+9.2%)	6.6%	$169.30	+44.7%	COM	95082P105
LBTYK	LIBERTY GLOBAL LTD	20,884,781 (-3.6%)	$231 (-9.4%)	4.4%	$9.07	+22.6%	COM CL C	G61188127
QSR	RESTAURANT BRANDS INTL INC	8,080,112 (-2.1%)	$551 (+4.2%)	10.4%	$66.91	+3.0%	COM	76131D103
GDS	GDS HLDGS LTD	3,044,818 (-6.3%)	$106 (-15.5%)	2.0%	$0.01	—	SPONSORED ADS	36165L108
ELV	ELEVANCE HEALTH INC FORMERLY	1,269,302 (-3.8%)	$445 (+4.4%)	8.4%	$349.03	-3.5%	COM	036752103
TBN	TAMBORAN RES CORP	257,226 (-54.9%)	$7 (-55.2%)	0.1%	$21.79	+16.7%	COM	87507T101
FERG	FERGUSON ENTERPRISES INC	1,137,035 (-1.6%)	$253 (-2.5%)	4.8%	$195.10	+22.0%	COMMON STOCK NEW	31488V107
DG	DOLLAR GEN CORP NEW	2,062,821 (-22.7%)	$274 (-0.6%)	5.2%	$103.88	+7.3%	COM	256677105
COLD	AMERICOLD REALTY TRUST INC	3,475,685 (-3.5%)	$45 (+1.4%)	0.8%	$0.01	—	COM	03064D108