Eagle Materials Inc.
MX ˙ BMV ˙ US26969P1084
SecurityMX:EXP / Eagle Materials Inc.
InstitutionBaupost Group Llc/ma
ManagerSeth Klarman
Latest Disclosed Ownership892,763 shares
Latest Disclosed Value $ 169,134
Baupost Group Llc/ma reports 24.68% decrease in ownership of EXP / Eagle Materials Inc.

On May 14, 2026 - Baupost Group Llc/ma filed a 13F-HR form disclosing ownership of 892,763 shares of Eagle Materials Inc. (MX:EXP) valued at $169,134 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 1,185,248 shares of Eagle Materials Inc.. This represents a change in shares of -24.68% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F EAGLE MATLS COM 26969P108 892,763 -292,485 -24.68 169 -30.74 3.3064
2026-02-13 2025-12-31 13F EAGLE MATLS COM 26969P108 1,185,248 245,588 26.14 245 11.93 4.6408
2025-11-13 2025-09-30 13F EAGLE MATLS COM 26969P108 939,660 263,403 38.95 219 60.29 4.5708
2025-08-13 2025-06-30 13F EAGLE MATLS COM 26969P108 676,257 -233,376 -25.66 137 -32.34 3.3094
2025-05-14 2025-03-31 13F EAGLE MATLS COM 26969P108 909,633 271,410 42.53 202 28.03 5.7744
2025-02-13 2024-12-31 13F EAGLE MATLS COM 26969P108 638,223 137,950 27.57 157 9.79 4.5854
2024-11-13 2024-09-30 13F EAGLE MATLS COM 26969P108 500,273 158,171 46.24 144 93.24 4.0925
2024-08-13 2024-06-30 13F EAGLE MATLS COM 26969P108 342,102 80,102 30.57 74 4.23 2.0471
2024-05-14 2024-03-31 13F EAGLE MATLS COM 26969P108 262,000 262,000 71 1.9502
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.