Q2 2025 13Fs Filings Are Out – Here’s Who’s Buying and Selling What

One of the most-anticipated periods of every quarter on Wall Street is finally here: the 13F filing period. If you’re one of the many investors who want to know what the biggest hedge funds are up to these days, we’ve got you covered. Here’s what some of the largest funds bought and sold in the second quarter of 2025.

Baupost

Seth Klarman’s Baupost established new positions in Amcor (NYSE:AMCR), PagSecuro Digital (NYSE:PAGS) and Fiserv (NYSE:FI) and added to its stakes in:

• CRH (NYSE:CRH)
• Liberty Broadband (NASDAQ:LBRDA)
• Dollar General (NYSE:DG)
• Alphabet (NASDAQ:GOOGL)
• Elvance Health (NYSE:ELV)
• Fidelity National Information Services (NYSE:FIS)
• Wesco International (NYSE:WCC)
• Restaurant Brands (NYSE:QSR)

Also see: 13F Recap Q1 2025: Soros, Lansdowne, D1, TCI, Tiger Global, Baupost And More

Baupost dumped Clarivate (NYSE:CLVT), Solventum (NYSE:SOLV) and Somnigroup International (NYSE:SGI) and cut its stakes in these stocks:

• GDS Holdings (NASDAQ:GDS)
• Viasat (NASDAQ:VSAT)
• Eagle Materials (NYSE:EXP)
• Willis Towers Watson (NASDAQ:WTW)

Lansdowne Partners

Lansdowne Partners picked up shares of United Airlines, Fortive spinoff Ralliant and Vulcan Materials while boosting its positions in Freeport-McMoRan, Taiwan Semiconductor, Amazon, Fortive, Texas Instruments, Rockwell Automation and Agnico Eagle Mines.

The firm maintained its positions in Soho House, Acushnet Holdings and IONQ and exited Barrick Mining and Alibaba.

Lansdowne trimmed its stakes in:

• Smurfit Westrock (NYSE:SW)
• CRH (NYSE:CRH)
• Delta Air Lines (NYSE:DAL)
• Linde (NASDAQ:LIN)
• Analog Devices (NASDAQ:ADI)
• Flutter Entertainment (NYSE:FLUT)

Also see: Lansdowne’s Developed Markets Fund Up 21.2% YTD; NatWest, BAE & Lloyds Are Top Holdings

TCI Fund Management

Chris Hohn’s TCI didn’t add any stocks during Q2, but it did boost its position in Visa, S&P Global, Ferrovial, Microsoft and Moody’s.

The firm maintained its position in GE Aerospace and trimmed its stakes in CNI, Canadian Pacific Kansas City and Alphabet.

Also see Exclusive - Sir Christopher Hohn's TCI Won Big With These Stocks