Seth Klarman’s portfolio: Baupost Group 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001061768Latest: Q2 2026
Q3 2017 filing in brief
In its Q3 2017 13F, filed November 13, 2017, Baupost Group reported $8.0B across 37 US positions. The largest: LNG (11.6%), SYF (11.3%), VSAT (10.6%), QRVO (7.9%), ALLERGAN PLC (7.6%). In the quarter it opened 5 positions, sold out of 9, added to 5 and trimmed 4; positions opened and sold out came to 7.6% 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, 2017
- 5 New
- 5 Added
- 4 Trimmed
- 9 Exited
37 positions at September 30, 2017. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | LNG | CHENIERE ENERGY INC | $934M | 20.7M | 11.64% | 0.0% | Held |
| 2 | SYF | SYNCHRONY FINL | $910M | 29.3M | 11.34% | 0.0% | Held |
| 3 | VSAT | VIASAT INC | $846M | 13.2M | 10.55% | 0.0% | Held |
| 4 | QRVO | QORVO INC | $636M | 9.0M | 7.93% | 0.0% | Held |
| 5 | — | ALLERGAN PLC | $608M | 3.0M | 7.57% | +21.9% | Added |
| 6 | — | COLONY NORTHSTAR INC | $602M | 47.9M | 7.50% | 0.0% | Held |
| 7 | — | TWENTY FIRST CENTY FOX INC | $505M | 19.1M | 6.29% | 0.0% | Held |
| 8 | AR | ANTERO RES CORP | $476M | 23.9M | 5.93% | +12.9% | Added |
| 9 | PBF | PBF ENERGY INC | $434M | 15.7M | 5.41% | 0.0% | Held |
| 10 | — | THERAVANCE BIOPHARMA INC | $319M | 9.3M | 3.97% | +0.4% | Held |
| 11 | — | DELL TECHNOLOGIES INC | $236M | 3.1M | 2.94% | −46.0% | Trimmed |
| 12 | — | TWENTY FIRST CENTY FOX INC | $190M | 7.4M | 2.37% | +1.5% | Added |
| 13 | — | KERYX BIOPHARMACEUTICALS INC | $183M | 25.8M | 2.28% | 0.0% | Held |
| 14 | CAH | CARDINAL HEALTH INC | $169M | 2.5M | 2.11% | +24.6% | Added |
| 15 | — | EXPRESS SCRIPTS HLDG CO | $162M | 2.6M | 2.02% | 0.0% | Held |
| 16 | VRTVEUR | VERITIV CORP | $99M | 3.1M | 1.24% | +0.3% | Held |
| 17 | ATRAGBX | ATARA BIOTHERAPEUTICS INC | $89M | 5.4M | 1.11% | 0.0% | Held |
| 18 | MCK | MCKESSON CORP | $77M | 500.0K | 0.96% | — | New |
| 19 | PRTKEUR | PARATEK PHARMACEUTICALS INC | $60M | 2.4M | 0.75% | 0.0% | Held |
| 20 | — | CHIPMOS TECHNOLOGIES INC | $59M | 3.0M | 0.73% | −13.2% | Trimmed |
| 21 | — | AMC ENTMT HLDGS INC | $52M | 3.6M | 0.65% | — | New |
| 22 | — | GTY TECHNOLOGY HOLDINGS INC | $46M | 4.4M | 0.57% | 0.0% | Held |
| 23 | CDEVEUR | CENTENNIAL RESOURCE DEV INC | $42M | 2.4M | 0.52% | 0.0% | Held |
| 24 | CAR | AVIS BUDGET GROUP | $39M | 1.0M | 0.49% | −74.1% | Trimmed |
| 25 | — | FORWARD PHARMA A/S | $39M | 6.5M | 0.49% | +1.6% | Added |
| 26 | NG | NOVAGOLD RES INC | $39M | 9.5M | 0.49% | 0.0% | Held |
| 27 | TBPH 3.25 11/01/23 | THERAVANCE BIOPHARMA INC | $37M | 30.0M | 0.46% | 0.0% | Held |
| 28 | — | CASCADIAN THERAPEUTICS INC | $36M | 8.7M | 0.44% | 0.0% | Held |
| 29 | — | SABAN CAP ACQUISITION CORP | $23M | 2.3M | 0.29% | 0.0% | Held |
| 30 | — | SILVER RUN ACQUISITION | $22M | 2.1M | 0.27% | −67.5% | Trimmed |
| 31 | RUN | SUNRUN INC | $16M | 2.8M | 0.20% | 0.0% | Held |
| 32 | ABG | AMERISOURCEBERGEN CORP | $16M | 188.8K | 0.19% | — | New |
| 33 | TMQ | TRILOGY METALS INC NEW | $10M | 10.6M | 0.12% | 0.0% | Held |
| 34 | — | OREXIGEN THERAPEUTICS INC | $5M | 2.2M | 0.06% | 0.0% | Held |
| 35 | PXDEUR | PIONEER NAT RES CO | $4M | 28.9K | 0.05% | — | New |
| 36 | — | SIMPLY GOOD FOODS CO | $2M | 1.0M | 0.03% | — | New |
| 37 | — | SABAN CAP ACQUISITION CORP | $1M | 1.2M | 0.02% | 0.0% | Held |
9 exited positions
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 |
|---|---|---|---|
| QCOM | QUALCOMM INC | $288M | 5.2M |
| — | SPIRIT RLTY CAP INC NEW | $67M | 9.0M |
| — | CONYERS PK ACQUISITION | $44M | 3.7M |
| BATRK | LIBERTY MEDIA CORP DELAWARE | $31M | 1.3M |
| CACC | CREDIT ACCEP CORP MICH | $25M | 98.7K |
| INVA 2.125 01/15/23 | THERAVANCE INC | $15M | 17.0M |
| — | AMERICAN INTL GROUP INC | $7M | 354.8K |
| — | SILVER RUN ACQUISITION | $4M | 2.2M |
| — | CONYERS PK ACQUISITION | $3M | 1.2M |
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.