Value investing icon Seth Klarman and his hedge fund, Baupost Group, increased their stake in Alphabet (GOOG) by 16.15% during the second quarter of 2026. The position grew from 1.18 million to 1.37 million shares. This information, disclosed in a mid-August 13F filing, reflects the firm's portfolio as of June 30, 2026, not a real-time trade.
The addition boosted Alphabet's weight in Baupost's reported portfolio to 8.95%, making it one of the fund's top five largest holdings. [1, 9, 11] The move came during a quarter where other prominent investors, such as Stanley Druckenmiller and David Tepper, also added to their Alphabet positions, signaling a broader consensus among institutional investors on the tech giant's value. [7, 8]