15 Best Stocks to Buy According to Billionaire Seth Klarman

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8. Fidelity National Information Services, Inc. (NYSE:FIS)

Baupost Group’s Stake: $299 Million 

Fidelity National Information Services, Inc. (NYSE:FIS) is one of the most featured stocks in the 13F history of Baupost Group. The fund first purchased a stake in the company in the third quarter of 2022, buying over 600,000 shares. It then proceeded on a buying spree, increasing this to close to 7 million shares in the third quarter of 2023. Subsequently, the stake was trimmed, and sold off completely by the fourth quarter of 2024. However, a new position was opened in early 2025. At the end of 2025, the fund held almost 4.5 million shares in the company, representing an increase of 19% compared to filings for the previous quarter.

In late February, Fidelity National Information Services, Inc. (NYSE:FIS) announced earnings for the fourth quarter of 2025. The firm projects 2026 adjusted revenue to grow 30% to 31% with EBITDA growing 34% to 35%. Management said the firm is well positioned to double free cash flow to over $3 billion by 2028, implying a compound annual growth rate of approximately 25%.

Fidelity National Information Services, Inc. (NYSE:FIS) provides solutions to financial institutions, businesses, and developers worldwide. It provides core processing and ancillary applications, mobile and online banking, fraud, risk management, and compliance.

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