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The Baupost Group

SEC-registered adviser since 1998Boston, MACRD 109530

12
Clients
45
Advisory staff

From Form ADV filed 30 March 2026 · data retrieved 15 October 2026SEC record

The Baupost Group is an investment adviser headquartered in Boston, Massachusetts, and registered with the SEC since 1998. Its clients include pooled investment vehicles.

Its services include portfolio management for pooled vehicles. Fee arrangements include a percentage of assets under management, performance-based fees and other arrangements. Baupost Group, L.P. owns 75% or more of The Baupost Group, and Seth Klarman is its CEO.

Clients

The Baupost Group serves 12 clients. The average client has about $2.06 billion with the firm.

Regulatory assets by client type
  • Pooled investment vehicles12 clients100%
Show client breakdown
Pooled investment vehicles
Clients
12
Regulatory AUM
$24,681,434,252
Share
100.0%
Avg. per client
$2.06B

Total

Clients
12
Regulatory AUM
$24,681,434,252
Share
100%
Avg. per client
$2.06B

What it does

The Baupost Group provides portfolio management for pooled vehicles. It is paid through a percentage of assets, performance-based fees and other arrangements.

The Baupost Group advises 12 private funds.

100.0% of assets ($24.68B across 12 accounts) are managed with discretion. 0% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

Custodians

The Baupost Group has custody of $24.68B for 12 clients.

Managed account assets by custodian
  • All other custodians$24.68B100%

Ownership and leadership

Baupost Group, L.P. owns 75% or more of The Baupost Group, and Seth Klarman is its CEO.

Who owns the firm
The Baupost Group, L.L.C.· the adviser
  • Baupost Group, L.P.

    Control person · since January 2018

    Owns 75% or more of The Baupost Group, L.L.C.
  • Seth Klarman

    Control person · since January 2018

    Owns 75% or more of The Baupost Group, L.L.C.

Leadership

  • Seth Klarman
    Partner and Chief Executive Officer
  • James Mooney
    Partner and President
  • Jason Price
    Partner and Chief Financial Officer
  • Elaine Mann
    Partner and Chief Operating Officer
  • Anna Marchek
    Chief Compliance Officer
  • Nicholas Azrack
    Partner
  • Thomas Blumenthal
    Partner
  • Richard Carona
    Partner
  • James David
    Partner
  • Ryan Dow
    Partner
  • Frederick Fogel
    Partner and General Counsel
  • Joshua Greenhill
    Partner
  • Andrew McElaney
    Partner
  • Michael Sperling
    Partner

Staff

  • 210 employees
  • 45 in advisory functions

Fees

The Baupost Group is paid through a percentage of assets under management, performance-based fees and other.

The Baupost Group’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, The Baupost Group has 0 offices, with 1 listed address in 1 state.

Listed office addresses by state

Massachusetts · 1 listed address

  • 10 ST. James Ave. Suite 1700, BostonHQ

Registration details

Legal name
The Baupost Group, L.L.C.
Headquarters
10 ST. James Ave. Suite 1700, Boston, MA 02116
Website
Not reported
SEC file
801-55245
Structure
Delaware LLC
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does The Baupost Group have?

The Baupost Group has 12 clients and manages $24.7 billion for them, as of March 2026.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026

What services does The Baupost Group offer?

The Baupost Group provides portfolio management for pooled vehicles.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

How many financial advisors does The Baupost Group have?

The Baupost Group has 0 investment adviser representatives registered with state securities authorities, out of 210 employees, and 45 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

Who owns The Baupost Group?

The Baupost Group is owned through a chain of holding companies by the Seth A. Klarman 1986 Trust. Its direct owners are Baupost Group, L.P. (75% or more) and Seth Klarman (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026

How does The Baupost Group get paid?

The Baupost Group is paid through a percentage of assets under management, performance-based fees and other arrangements. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 30 March 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 109530.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with The Baupost Group, L.L.C. and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.