Baupost Group Increases Amazon Stake to Largest Equity Holding

The Baupost Group, a Boston-based investment firm led by Seth Klarman, disclosed significant portfolio adjustments for the second quarter ending June 30. The firm increased its stake in Amazon.com by 20% to 3.74 million shares, valued at $892 million, making it the firm's largest disclosed equity holding.

Baupost also expanded its technology exposure by increasing its Alphabet Inc. stake by 16% to approximately $490 million. In addition to these increases, the firm established two new positions: a nearly $137 million investment in CME Group and a $13 million position in Pershing Square Inc.

To balance these acquisitions, the firm reduced its position in Restaurant Brands International by more than 16%, bringing its holdings down to roughly 6.75 million shares.