Baupost took a $137M CME stake and boosted Amazon and Alphabet in Q2. The filing also shows a $13M Pershing Square position. Alpha Score: AMZN 62, GOOGL 70.
Baupost Group, the hedge fund run by Seth Klarman, disclosed a $137 million stake in CME Group during the second quarter, a regulatory filing shows. The firm also increased its holdings in Amazon and Alphabet.
The CME position is new. Baupost also bought about $13 million worth of shares in Pershing Square Inc., the asset manager led by Bill Ackman.
Amazon.com Inc. holdings rose 20% to 3.74 million shares, worth roughly $892 million at June 30 prices. Alphabet Inc. stake grew 16% to 1.37 million shares, valued near $490 million.
Baupost trimmed its Restaurant Brands International position by 16%.
On Stocktwits, retail sentiment toward Amazon and Alphabet was bearish with low message activity. For Pershing Square, the mood was bullish with high engagement.
AlphaScala's proprietary Alpha Score rates Amazon at 62 and Alphabet at 70. CME scores 56. All three sit in the Moderate range.
The filing covers only long U.S. equity positions as of June 30. Short positions and other asset classes are not included.
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