Seth Klarman’s portfolio: Baupost Group 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001061768Latest: Q2 2026
Q3 2015 filing in brief
In its Q3 2015 13F, filed November 13, 2015, Baupost Group reported $6.0B across 41 US positions. The largest: LNG (18.2%), VSAT (12.3%), ALCOA INC (8.4%), PXDEUR (8.4%), AR (5.7%). In the quarter it opened 9 positions, sold out of 0, added to 9 and trimmed 4; positions opened and sold out came to 23.2% 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 Nov 13, 2015
- 9 New
- 9 Added
- 4 Trimmed
- 0 Exited
41 positions at September 30, 2015. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | LNG | CHENIERE ENERGY INC | $1.1B | 22.7M | 18.24% | +47.5% | Added |
| 2 | VSAT | VIASAT INC | $741M | 11.5M | 12.35% | 0.0% | Held |
| 3 | — | ALCOA INC | $505M | 52.3M | 8.41% | — | New |
| 4 | PXDEUR | PIONEER NAT RES CO | $503M | 4.1M | 8.38% | +1.8% | Added |
| 5 | AR | ANTERO RES CORP | $341M | 16.1M | 5.68% | +100.7% | Added |
| 6 | PYPL | PAYPAL HLDGS INC | $338M | 10.9M | 5.64% | — | New |
| 7 | PBF | PBF ENERGY INC | $311M | 11.0M | 5.19% | 0.0% | Held |
| 8 | EBAY | EBAY INC | $228M | 9.3M | 3.79% | 0.0% | Held |
| 9 | — | TWENTY FIRST CENTY FOX INC | $177M | 6.5M | 2.94% | — | New |
| 10 | ATRAGBX | ATARA BIOTHERAPEUTICS INC | $169M | 5.4M | 2.81% | +11.4% | Added |
| 11 | — | THERAVANCE INC | $142M | 19.8M | 2.37% | 0.0% | Held |
| 12 | — | FORWARD PHARMA A/S | $126M | 5.4M | 2.11% | 0.0% | Held |
| 13 | OLN | OLIN CORP | $118M | 7.0M | 1.96% | — | New |
| 14 | — | TWENTY FIRST CENTY FOX INC | $111M | 4.1M | 1.84% | — | New |
| 15 | VRTVEUR | VERITIV CORP | $104M | 2.8M | 1.73% | +12.6% | Added |
| 16 | — | AERCAP HOLDINGS NV | $94M | 2.5M | 1.56% | — | New |
| 17 | — | SUNEDISON SEMICONDUCTOR LTD | $88M | 8.4M | 1.47% | +0.9% | Held |
| 18 | — | KERYX BIOPHARMACEUTICALS INC | $85M | 25.8M | 1.41% | 0.0% | Held |
| 19 | NG | NOVAGOLD RES INC | $78M | 21.7M | 1.30% | 0.0% | Held |
| 20 | — | THERAVANCE BIOPHARMA INC | $71M | 6.4M | 1.18% | 0.0% | Held |
| 21 | — | FRONTIER COMMUNICATIONS CORP | $64M | 13.5M | 1.07% | 0.0% | Held |
| 22 | — | CHIPMOS TECH BERMUDA LTD | $62M | 3.8M | 1.03% | +14.3% | Added |
| 23 | — | KLX INC | $54M | 1.5M | 0.89% | 0.0% | Held |
| 24 | — | CITIGROUP INC | $47M | 102.6M | 0.79% | 0.0% | Held |
| 25 | — | LIFELOCK INC | $39M | 4.5M | 0.65% | — | New |
| 26 | — | BELLATRIX EXPLORATION LTD | $36M | 24.0M | 0.61% | +9.8% | Added |
| 27 | OCN2EUR | OCWEN FINL CORP | $35M | 5.2M | 0.58% | −32.1% | Trimmed |
| 28 | — | KOSMOS ENERGY LTD | $33M | 6.0M | 0.56% | 0.0% | Held |
| 29 | INVA 2.125 01/15/23 | THERAVANCE INC | $32M | 48.2M | 0.53% | 0.0% | Held |
| 30 | FTR 11.125 06/29/18 A | FRONTIER COMMUNICATIONS CORP | $30M | 325.0K | 0.50% | 0.0% | Held |
| 31 | PRTKEUR | PARATEK PHARMACEUTICALS INC | $29M | 1.5M | 0.49% | 0.0% | Held |
| 32 | — | AMERICAN INTL GROUP INC | $29M | 1.3M | 0.48% | 0.0% | Held |
| 33 | — | BIOTIE THERAPIES OYJ | $16M | 1.3M | 0.27% | +44.4% | Added |
| 34 | KIN1USD | KINDRED BIOSCIENCES INC | $16M | 3.0M | 0.26% | 0.0% | Held |
| 35 | MU | MICRON TECHNOLOGY INC | $15M | 1.0M | 0.25% | −94.9% | Trimmed |
| 36 | RUN | SUNRUN INC | $12M | 1.2M | 0.20% | — | New |
| 37 | — | ALLIANCE ONE INTL INC | $9M | 458.4K | 0.16% | −28.2% | Trimmed |
| 38 | ALDWUSD | ALON USA PARTNERS LP | $8M | 363.2K | 0.14% | −42.3% | Trimmed |
| 39 | SN | SANCHEZ ENERGY CORP | $6M | 1.0M | 0.10% | +61.4% | Added |
| 40 | — | NOVACOPPER INC | $3M | 10.6M | 0.06% | 0.0% | Held |
| 41 | — | OREXIGEN THERAPEUTICS INC | $2M | 821.4K | 0.03% | — | New |
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.