EXP
Eagle Materials Inc
4 super-investors hold EXP worth a combined $200M. The largest position: Seth Klarman at 3.3% of their portfolio. This quarter the cohort logged 0 buys and 1 sell on the name. Cohort Conviction Score: 21 — ranked #625 of 724 scored stocks.
Why super-investors own EXP
Seth Klarman is the story here: his $169M position represents 3.3% of Baupost's portfolio and accounts for 85% of the cohort's $200M combined stake, making him by far the dominant holder. The other three owners — Thomas Gayner, First Eagle, and Joel Greenblatt — carry positions so small they round to 0.0% of their respective portfolios. Cohort ownership has been flat at just one meaningful holder for eight consecutive quarters, and the sole activity in 2026Q1 was Klarman trimming his position. There is no sign of broadening interest; the thesis, whatever it is, remains almost entirely a Baupost conviction with modest satellite positions elsewhere.
AI-synthesized from 13F filings. Not investment advice.
Cohort owners over time
2019Q1 → 2026Q1How many of the cohort members held this stock each quarter.
Owners (4) · click any column to sort
| #↑ | Manager | % Port. | History | Value | Shares |
|---|---|---|---|---|---|
| 1 | Seth Klarman | 3.3% | 9q | $169M | 892,763 |
| 2 | Joel Greenblatt | <0.1% | 38q | $15M | 80,294 |
| 3 | First Eagle Investment Management | <0.1% | 2q | $12M | 65,533 |
| 4 | Thomas Gayner | <0.1% | 5q | $3M | 14,750 |
Owners of EXP also hold
Recent activity (1)
| Manager | Move | % Port. | Δ Shares | Value | Filed |
|---|---|---|---|---|---|
| Seth Klarman | TRIM | 3.3% | -25% | $169M | May 14, 2026 |
Long US equity 13F-HR filings only. CUSIP 26969P108. Not investment advice.