Seth Klarman’s portfolio: Baupost Group 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001061768Latest: Q2 2026
Q2 2015 filing in brief
In its Q2 2015 13F, filed August 13, 2015, Baupost Group reported $6.0B across 32 US positions. The largest: LNG (17.7%), VSAT (11.6%), PXDEUR (9.4%), EBAY (9.3%), MU (6.2%). In the quarter it opened 5 positions, sold out of 1, added to 7 and trimmed 5; positions opened and sold out came to 2.4% of the portfolio's value.
Methodology
Holdings come from the manager’s Form 13F-HR filings on SEC EDGAR, with amendments applied. Values and shares are reported at quarter-end; the filing date is when the report became public. These disclosures show reported long positions and listed options, not the manager’s entire portfolio or its trades since quarter-end.
Quarterly changes compare shares with the immediately preceding quarter on file. New and exited positions appear or disappear; added and trimmed positions change their share count by more than 1%. A share change can also reflect a stock split or other corporate action.
Opened and sold out is the value of new positions plus the prior value of exited positions, divided by the average of the two quarters’ reported portfolio values. It excludes changes to positions still held. Reported value growth includes price changes and is not a measure of investment performance. Largest-five and largest-ten weights exclude options.
Holdings
Filed Aug 13, 2015
- 5 New
- 7 Added
- 5 Trimmed
- 1 Exited
32 positions at June 30, 2015. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | LNG | CHENIERE ENERGY INC | $1.1B | 15.4M | 17.74% | +11.3% | Added |
| 2 | VSAT | VIASAT INC | $695M | 11.5M | 11.59% | 0.0% | Held |
| 3 | PXDEUR | PIONEER NAT RES CO | $564M | 4.1M | 9.40% | +28.4% | Added |
| 4 | EBAY | EBAY INC | $561M | 9.3M | 9.35% | 0.0% | Held |
| 5 | MU | MICRON TECHNOLOGY INC | $371M | 19.7M | 6.19% | 0.0% | Held |
| 6 | — | THERAVANCE INC | $358M | 19.8M | 5.97% | 0.0% | Held |
| 7 | PBF | PBF ENERGY INC | $313M | 11.0M | 5.22% | +27.3% | Added |
| 8 | AR | ANTERO RES CORP | $276M | 8.0M | 4.59% | −14.2% | Trimmed |
| 9 | — | KERYX BIOPHARMACEUTICALS INC | $257M | 25.8M | 4.29% | +15.2% | Added |
| 10 | ATRAGBX | ATARA BIOTHERAPEUTICS INC | $254M | 4.8M | 4.23% | +1.0% | Held |
| 11 | — | FORWARD PHARMA A/S | $204M | 5.4M | 3.40% | 0.0% | Held |
| 12 | — | SUNEDISON SEMICONDUCTOR LTD | $143M | 8.3M | 2.39% | +5.1% | Added |
| 13 | VRTVEUR | VERITIV CORP | $90M | 2.5M | 1.51% | +9.1% | Added |
| 14 | — | THERAVANCE BIOPHARMA INC | $84M | 6.4M | 1.39% | +0.8% | Held |
| 15 | OCN2EUR | OCWEN FINL CORP | $78M | 7.7M | 1.30% | −2.3% | Trimmed |
| 16 | — | CITIGROUP INC | $76M | 102.6M | 1.27% | −0.1% | Held |
| 17 | NG | NOVAGOLD RES INC | $74M | 21.7M | 1.24% | 0.0% | Held |
| 18 | — | CHIPMOS TECH BERMUDA LTD | $72M | 3.3M | 1.20% | 0.0% | Held |
| 19 | — | FRONTIER COMMUNICATIONS CORP | $67M | 13.5M | 1.11% | — | New |
| 20 | — | KLX INC | $66M | 1.5M | 1.10% | 0.0% | Held |
| 21 | — | BELLATRIX EXPLORATION LTD | $51M | 21.8M | 0.85% | 0.0% | Held |
| 22 | — | KOSMOS ENERGY LTD | $51M | 6.0M | 0.84% | −17.2% | Trimmed |
| 23 | INVA 2.125 01/15/23 | THERAVANCE INC | $46M | 48.2M | 0.76% | 0.0% | Held |
| 24 | PRTKEUR | PARATEK PHARMACEUTICALS INC | $40M | 1.5M | 0.66% | −11.0% | Trimmed |
| 25 | — | AMERICAN INTL GROUP INC | $35M | 1.3M | 0.58% | +0.3% | Held |
| 26 | FTR 11.125 06/29/18 A | FRONTIER COMMUNICATIONS CORP | $32M | 325.0K | 0.54% | — | New |
| 27 | KIN1USD | KINDRED BIOSCIENCES INC | $21M | 3.0M | 0.34% | 0.0% | Held |
| 28 | — | BIOTIE THERAPIES OYJ | $17M | 869.6K | 0.29% | — | New |
| 29 | — | ALLIANCE ONE INTL INC | $15M | 638.4K | 0.25% | — | New |
| 30 | ALDWUSD | ALON USA PARTNERS LP | $13M | 629.2K | 0.22% | −34.1% | Trimmed |
| 31 | SN | SANCHEZ ENERGY CORP | $6M | 619.5K | 0.10% | — | New |
| 32 | — | NOVACOPPER INC | $4M | 10.6M | 0.07% | +76.5% | Added |
1 exited position
Positions held in the preceding quarter and absent from this filing. Values and shares are from the preceding quarter.
| Ticker | Issuer | Previous value | Previous shares |
|---|---|---|---|
| — | ALLIANCE ONE INTL INC | $7M | 6.4M |
Every quarter on file (53)
From the manager’s Form 13F-HR filings on SEC EDGAR, amendments applied. Long US positions only; not a recommendation.