Seth Klarman’s portfolio: Baupost Group 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001061768Latest: Q2 2026
Q2 2018 filing in brief
In its Q2 2018 13F, filed August 13, 2018, Baupost Group reported $11.4B across 33 US positions. The largest: TWENTY FIRST CENTY FOX INC (17.1%), SYF (8.6%), LNG (8.1%), VSAT (7.9%), QRVO (7.7%). In the quarter it opened 6 positions, sold out of 6, added to 7 and trimmed 1; positions opened and sold out came to 20.1% 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, 2018
- 6 New
- 7 Added
- 1 Trimmed
- 6 Exited
33 positions at June 30, 2018. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | — | TWENTY FIRST CENTY FOX INC | $2.0B | 39.4M | 17.12% | +48.2% | Added |
| 2 | SYF | SYNCHRONY FINL | $978M | 29.3M | 8.55% | 0.0% | Held |
| 3 | LNG | CHENIERE ENERGY INC | $925M | 14.2M | 8.09% | −31.5% | Trimmed |
| 4 | VSAT | VIASAT INC | $902M | 13.7M | 7.89% | +0.5% | Held |
| 5 | QRVO | QORVO INC | $882M | 11.0M | 7.71% | 0.0% | Held |
| 6 | — | ALLERGAN PLC | $825M | 5.0M | 7.22% | +4.2% | Added |
| 7 | PXDEUR | PIONEER NAT RES CO | $757M | 4.0M | 6.62% | 0.0% | Held |
| 8 | — | TWENTY FIRST CENTY FOX INC | $670M | 13.6M | 5.86% | +19.0% | Added |
| 9 | AR | ANTERO RES CORP | $568M | 26.6M | 4.96% | 0.0% | Held |
| 10 | CLNSEUR | COLONY CAP INC NEW | $310M | 49.7M | 2.71% | — | New |
| 11 | TSLA 2.375 03/15/22 | TESLA INC | $306M | 250.0M | 2.68% | +400.0% | Added |
| 12 | T | AT&T INC | $304M | 9.5M | 2.66% | — | New |
| 13 | CAH | CARDINAL HEALTH INC | $249M | 5.1M | 2.18% | 0.0% | Held |
| 14 | ATRAGBX | ATARA BIOTHERAPEUTICS INC | $230M | 6.3M | 2.01% | 0.0% | Held |
| 15 | MCK | MCKESSON CORP | $217M | 1.6M | 1.90% | +0.7% | Held |
| 16 | — | THERAVANCE BIOPHARMA INC | $211M | 9.3M | 1.85% | 0.0% | Held |
| 17 | PCG | PG&E CORP | $192M | 4.5M | 1.67% | +42.9% | Added |
| 18 | ABG | AMERISOURCEBERGEN CORP | $160M | 1.9M | 1.40% | +42.2% | Added |
| 19 | VRTVEUR | VERITIV CORP | $152M | 3.8M | 1.33% | 0.0% | Held |
| 20 | TRCO | TRIBUNE MEDIA CO | $115M | 3.0M | 1.00% | — | New |
| 21 | — | KERYX BIOPHARMACEUTICALS INC | $97M | 25.8M | 0.85% | 0.0% | Held |
| 22 | 2362120D | SINCLAIR BROADCAST GROUP INC | $83M | 2.6M | 0.72% | — | New |
| 23 | — | AMC ENTMT HLDGS INC | $80M | 5.0M | 0.70% | 0.0% | Held |
| 24 | NG | NOVAGOLD RES INC | $60M | 13.5M | 0.52% | 0.0% | Held |
| 25 | — | GTY TECHNOLOGY HOLDINGS INC | $46M | 4.4M | 0.40% | 0.0% | Held |
| 26 | TBPH 3.25 11/01/23 | THERAVANCE BIOPHARMA INC | $30M | 30.0M | 0.26% | 0.0% | Held |
| 27 | PRTKEUR | PARATEK PHARMACEUTICALS INC | $24M | 2.4M | 0.21% | 0.0% | Held |
| 28 | — | TRANSLATE BIO INC | $24M | 1.9M | 0.21% | — | New |
| 29 | — | SABAN CAP ACQUISITION CORP | $23M | 2.3M | 0.21% | 0.0% | Held |
| 30 | TMQ | TRILOGY METALS INC NEW | $23M | 13.1M | 0.20% | +23.1% | Added |
| 31 | — | SHIRE PLC | $17M | 98.9K | 0.15% | — | New |
| 32 | — | SENTINEL ENERGY SVCS INC | $16M | 1.6M | 0.14% | 0.0% | Held |
| 33 | — | SABAN CAP ACQUISITION CORP | $1M | 1.2M | 0.01% | 0.0% | Held |
6 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 |
|---|---|---|---|
| TWXCHF | TIME WARNER INC | $766M | 8.1M |
| — | COLONY NORTHSTAR INC | $279M | 49.7M |
| PBF | PBF ENERGY INC | $269M | 7.9M |
| — | CHIPMOS TECHNOLOGIES INC | $15M | 933.7K |
| — | FORWARD PHARMA A/S | $6M | 2.8M |
| — | OREXIGEN THERAPEUTICS INC | $465K | 2.2M |
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.