According to CoinMeta, Baupost Group, the value investing giant Seth Klarman, increased its holdings in Genuine Parts Company (NYSE : GPC) by 89% in the second quarter of 2026, holding 2.82 million shares by the end of June with a market value of approximately $332.3 million. Genuine Parts previously announced plans to split its global automotive and industrial businesses to improve focus and shareholder value. Analysts believe that the two businesses may be more valuable as independent companies after the split. In the second quarter, Genuine Parts's industrial sales grew by about 7% year-on-year, and EBITDA grew by nearly 10%, reaching $316 million. North American automotive sales also increased by about 4%.