<div id="readability-page-1"><div><div><p>Renowned value investor <strong>Seth Klarman</strong>‘s <strong>Baupost Group LLC</strong> expanded its positions in <strong>Alphabet Inc.</strong> <span>GOOG</span> <span>GOOGL</span> and <strong>Dollar General Corp.</strong> <span>DG</span> during the second quarter of 2025, according to the firm’s latest 13F filing with the Securities and Exchange Commission.</p><div><div><div><p>Trending Investment Opportunities</p></div></div></div><h2>Major Portfolio Moves Signal Confidence</h2><p>The Boston-based hedge fund, managing $4.13 billion in assets as of June 30, according to 13F, increased its Alphabet stake by 556,000 shares—a 27% jump to 2.63 million shares. The position’s value surged 44% to $467.2 million, making it Baupost’s largest holding.</p><p>Dollar General saw an even more substantial boost, with Baupost adding 562,000 shares for a 27% increase. The retailer’s position value skyrocketed 65% to $305 million, reflecting both share accumulation and strong stock performance.</p><h2>New Positions and Strategic Additions</h2><p>Klarman initiated three new positions during the second quarter of 2025. <strong>Fiserv Inc.</strong> <span>FISV</span> emerged as a significant addition with 895,000 shares valued at $154.3 million. The firm also established positions in <strong>Amcor PLC </strong><span>AMCR</span> with 5.5 million shares worth $50.5 million and <strong>PagSeguro Digital Ltd. </strong><span>PAGS</span> with 2.5 million shares valued at $24.1 million.</p><h2>Portfolio Concentrates Despite Diversification</h2><h2>Value Investing Philosophy Drives Decisions</h2><p>The 71-year-old Klarman, author of “Margin of Safety,” follows <strong>Warren Buffett</strong>‘s concentrated investment approach. In previous interviews, Klarman emphasized Buffett’s “punch card” philosophy—making each investment count as if limited to 20 lifetime picks.</p><p>“Everybody appreciates a bargain,” Klarman said in a 2011 interview, explaining his contrarian approach. “When the market’s going down, most people get scared and overreact.”</p><p>Baupost eliminated several positions, including<strong> Solventum Corp.</strong>, <strong>Clarivate PLC</strong> and <strong>SomniGroup International</strong>, while maintaining its concentrated portfolio of 23 holdings—unchanged from the previous quarter despite the portfolio’s 18% value increase to $4.13 billion.</p><ul> <li><strong>Apple Supplier Foxconn Profit Set For 11% Jump As AI Server Boom Powers Record Revenue: Report</strong></li> </ul><p><em>Photo courtesy: Shutterstock</em></p></div></div></div>

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<p>Seth Klarman's Baupost Group increased its stakes in Alphabet Inc. and Dollar General Corp. during Q2 2025, as revealed in its 13F filing. The firm raised its Alphabet shares by 556,000 (27% increase) to 2.63 million, valued at $467.2 million, making it the largest holding. Dollar General saw a similar 27% increase with an addition of 562,000 shares, raising its value by 65% to $305 million. Klarman also initiated new positions in Fiserv, Amcor, and PagSeguro, while maintaining a concentrated portfolio of 23 holdings valued at $4.13 billion.</p>

- Baupost Group LLC, led by Seth Klarman, increased its stakes in Alphabet Inc. and Dollar General Corp. during Q2 2025, as reported in its 13F filing.  
- The firm raised its Alphabet position by 556,000 shares, bringing the total to 2.63 million shares, valued at $467.2 million, while Dollar General saw a 27% increase in shares, valued at $305 million.  
- Klarman also initiated new positions in Fiserv Inc., Amcor PLC, and PagSeguro Digital Ltd., maintaining a concentrated portfolio of 23 holdings despite eliminating several positions.  

Warren Buffett Disciple Seth Klarman's Baupost Group Increases Alphabet, Dollar General Holdings In Q2