# EDGAR Filing Document

**Accession Number:** 0001061768
**File Stem:** 0001438934-25-002428
**Filing Date:** 2025-8
**Character Count:** 10646
**Document Hash:** ad2f7be13aef1a70f77c0c5f103fff3c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001438934-25-002428.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001438934-25-002428

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**EFFECTIVENESS DATE**: 20250828

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BAUPOST GROUP LLC/MA
- **CENTRAL INDEX KEY:** 0001061768

**ORGANIZATION NAME:**
- **EIN:** 043402144
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-07120
- **FILM NUMBER:** 251272265

**BUSINESS ADDRESS:**
- **STREET 1:** 10 ST JAMES AVE
- **STREET 2:** SUITE 1700
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02116
- **BUSINESS PHONE:** 617-210-8300

**MAIL ADDRESS:**
- **STREET 1:** 10 ST JAMES AVE
- **STREET 2:** SUITE 1700
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02116

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001061768

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Institutional Manager

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** BAUPOST GROUP LLC/MA

**Address:** 10 St. James Ave, Suite 1700, Boston, X1 02116

**Telephone number:** 617-210-8300

**Name of agent for service:** —

**Agent Address:** —, —, — —

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 028-07120

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** —

**Report Type (check only one):**

Institutional Manager.

- [x] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 0

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                           | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                                                                                                                                                        | VOTE CATEGORY                |   SHARES VOTED |   SHARES ON LOAN | HOW VOTED   |   SHARES VOTED FOR OR AGAINST MANAGEMENT | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| CAPRI HOLDINGS LIMITED                   | G1890L107 | 09/04/2024     | To approve, on a non-binding advisory basis, executive compensation.                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |        1000000 |                0 | FOR         |                                  1000000 | FOR                         |  |
| CLARIVATE PLC                            | G21810109 | 05/07/2025     | APPROVAL, ON AN ADVISORY, NON-BINDING BASIS, OF THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS.                                                                                       | SECTION 14A SAY-ON-PAY VOTES |       10777863 |                0 | ABSTAIN     |                                 10777863 | AGAINST                     |  |
| CRH PUBLIC LIMITED COMPANY               | G25508105 | 05/08/2025     | Consideration of Named Executive Officer Compensation for 2024 ("Say-on-Pay")                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |        2704702 |                0 | FOR         |                                  2704702 | FOR                         |  |
| CRH PUBLIC LIMITED COMPANY               | G25508105 | 05/08/2025     | Consideration of Frequency of Future "Say-on-Pay" Votes                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |        2704702 |                0 | 1 YEAR      |                                  2704702 | FOR                         |  |
| DOLLAR GENERAL CORPORATION               | 256677105 | 05/29/2025     | To approve, on an advisory (non-binding) basis, the resolution regarding the compensation of Dollar General Corporation's named executive officers as disclosed in the proxy statement. | SECTION 14A SAY-ON-PAY VOTES |        1788858 |                0 | FOR         |                                  1788858 | FOR                         |  |
| EAGLE MATERIALS INC.                     | 26969P108 | 08/01/2024     | Advisory resolution to approve the compensation of our named executive officers.                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         251573 |                0 | FOR         |                                   251573 | FOR                         |  |
| ELEVANCE HEALTH, INC.                    | 036752103 | 05/14/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |         246000 |                0 | FOR         |                                   246000 | FOR                         |  |
| FIDELITY NAT'L INFORMATION SERVICES,INC. | 31620M106 | 06/12/2025     | To approve, on an advisory basis, the compensation of the Company's named executive officers.                                                                                           | SECTION 14A SAY-ON-PAY VOTES |        3496329 |                0 | FOR         |                                  3496329 | FOR                         |  |
| HERBALIFE LTD.                           | G4412G101 | 04/23/2025     | Approve, on an advisory basis, the compensation of the Company's named executive officers: and                                                                                          | SECTION 14A SAY-ON-PAY VOTES |        7600526 |                0 | FOR         |                                  7600526 | FOR                         |  |
| JAZZ PHARMACEUTICALS PLC                 | G50871105 | 07/25/2024     | To approve, on a non-binding advisory basis, the compensation of Jazz Pharmaceuticals plc's named executive officers as disclosed in the proxy statement.                               | SECTION 14A SAY-ON-PAY VOTES |        1274248 |                0 | AGAINST     |                                  1274248 | AGAINST                     |  |
| JAZZ PHARMACEUTICALS PLC                 | G50871105 | 07/25/2024     | To indicate, on a non-binding advisory basis, the preferred frequency of the advisory vote on the compensation of Jazz Pharmaceuticals plc's named executive officers.                  | SECTION 14A SAY-ON-PAY VOTES |        1274248 |                0 | 1 YEAR      |                                  1274248 | FOR                         |  |
| RESTAURANT BRANDS INTERNATIONAL INC.     | 76131D103 | 06/03/2025     | Say-On-Pay - Approval, on a non-binding advisory basis, of the compensation paid to named executive officers.                                                                           | SECTION 14A SAY-ON-PAY VOTES |        4204862 |                0 | FOR         |                                  4204862 | FOR                         |  |
| SOLVENTUM CORPORATION                    | 83444M101 | 04/30/2025     | Advisory vote to approve executive compensation                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |        1053240 |                0 | FOR         |                                  1053240 | FOR                         |  |
| SOLVENTUM CORPORATION                    | 83444M101 | 04/30/2025     | Advisory vote on frequency of advisory vote to approve executive compensation                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |        1053240 |                0 | 1 YEAR      |                                  1053240 | FOR                         |  |
| SUNRISE COMMUNICATIONS AG                | H8365A119 | 05/13/2025     | ADVISORY VOTE ON THE COMPENSATION REPORT 2024                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |        8429353 |                0 | FOR         |                                  8429353 | FOR                         |  |
| VIASAT, INC.                             | 92552V100 | 09/05/2024     | Advisory Vote on Executive Compensation.                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |       13759364 |                0 | AGAINST     |                                 13759364 | AGAINST                     |  |
| WESCO INTERNATIONAL, INC.                | 95082P105 | 05/22/2025     | Approve, on an advisory basis, the compensation of the Company's named executive officers.                                                                                              | SECTION 14A SAY-ON-PAY VOTES |        2005601 |                0 | FOR         |                                  2005601 | FOR                         |  |
| WILLIS TOWERS WATSON PLC                 | G96629103 | 05/15/2025     | Approve, on an advisory basis, the named executive officer compensation.                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |        1528748 |                0 | FOR         |                                  1528748 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** BAUPOST GROUP LLC/MA

**By (Signature):** Jason J. Price

**By (Printed Signature):** Jason J. Price

**By (Title):** Chief Financial Officer

**Date:** 08/28/2025