Seth Klarman’s portfolio: Baupost Group 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001061768Latest: Q2 2026
Q4 2018 filing in brief
In its Q4 2018 13F, filed February 13, 2019, Baupost Group reported $11.5B across 37 US positions. The largest: TWENTY FIRST CENTY FOX INC (21.4%), LNG (7.3%), TWENTY FIRST CENTY FOX INC (7.1%), VSAT (7.0%), QRVO (5.6%). In the quarter it opened 6 positions, sold out of 7, added to 6 and trimmed 10; positions opened and sold out came to 12.8% 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 Feb 13, 2019
- 6 New
- 6 Added
- 10 Trimmed
- 7 Exited
37 positions at December 31, 2018. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | — | TWENTY FIRST CENTY FOX INC | $2.5B | 51.3M | 21.41% | −1.4% | Trimmed |
| 2 | LNG | CHENIERE ENERGY INC | $840M | 14.2M | 7.29% | 0.0% | Held |
| 3 | — | TWENTY FIRST CENTY FOX INC | $814M | 17.0M | 7.07% | −1.6% | Trimmed |
| 4 | VSAT | VIASAT INC | $810M | 13.7M | 7.02% | 0.0% | Held |
| 5 | QRVO | QORVO INC | $649M | 10.7M | 5.63% | −2.9% | Trimmed |
| 6 | — | ALLERGAN PLC | $636M | 4.8M | 5.52% | −3.9% | Trimmed |
| 7 | — | LIBERTY GLOBAL PLC | $614M | 29.7M | 5.33% | +176.2% | Added |
| 8 | PXDEUR | PIONEER NAT RES CO | $592M | 4.5M | 5.14% | +12.5% | Added |
| 9 | EBAY | EBAY INC | $589M | 21.0M | 5.12% | — | New |
| 10 | PCG | PG&E CORP | $368M | 15.5M | 3.19% | −18.5% | Trimmed |
| 11 | TSLA 2.375 03/15/22 | TESLA INC | $364M | 300.0M | 3.16% | 0.0% | Held |
| 12 | SYF | SYNCHRONY FINL | $341M | 14.6M | 2.96% | −10.9% | Trimmed |
| 13 | AR | ANTERO RES CORP | $268M | 28.6M | 2.33% | +7.5% | Added |
| 14 | — | THERAVANCE BIOPHARMA INC | $238M | 9.3M | 2.07% | 0.0% | Held |
| 15 | CLNSEUR | COLONY CAP INC NEW | $233M | 49.7M | 2.02% | 0.0% | Held |
| 16 | ATRAGBX | ATARA BIOTHERAPEUTICS INC | $217M | 6.3M | 1.89% | 0.0% | Held |
| 17 | MCK | MCKESSON CORP | $190M | 1.7M | 1.65% | −20.9% | Trimmed |
| 18 | UNVREUR | UNIVAR INC | $169M | 9.5M | 1.46% | +436.4% | Added |
| 19 | ABG | AMERISOURCEBERGEN CORP | $150M | 2.0M | 1.30% | −26.8% | Trimmed |
| 20 | AKBA | AKEBIA THERAPEUTICS INC | $135M | 24.5M | 1.17% | — | New |
| 21 | — | CBS CORP NEW | $111M | 2.5M | 0.97% | — | New |
| 22 | — | LIBERTY GLOBAL PLC | $106M | 5.0M | 0.92% | 0.0% | Held |
| 23 | VRTVEUR | VERITIV CORP | $89M | 3.6M | 0.77% | 0.0% | Held |
| 24 | YPF | YPF SOCIEDAD ANONIMA | $80M | 6.0M | 0.70% | 0.0% | Held |
| 25 | — | SHIRE PLC | $80M | 460.5K | 0.70% | +365.4% | Added |
| 26 | 2362120D | SINCLAIR BROADCAST GROUP INC | $79M | 3.0M | 0.69% | 0.0% | Held |
| 27 | NXST | NEXSTAR MEDIA GROUP INC | $75M | 950.0K | 0.65% | — | New |
| 28 | CAH | CARDINAL HEALTH INC | $65M | 1.5M | 0.57% | −69.0% | Trimmed |
| 29 | — | TRANSLATE BIO INC | $47M | 6.5M | 0.41% | 0.0% | Held |
| 30 | TBPH 3.25 11/01/23 | THERAVANCE BIOPHARMA INC | $31M | 30.0M | 0.27% | 0.0% | Held |
| 31 | TMQ | TRILOGY METALS INC NEW | $22M | 13.1M | 0.20% | 0.0% | Held |
| 32 | — | AMC ENTMT HLDGS INC | $18M | 1.5M | 0.16% | −46.6% | Trimmed |
| 33 | — | SENTINEL ENERGY SVCS INC | $16M | 1.6M | 0.14% | — | New |
| 34 | PRTKEUR | PARATEK PHARMACEUTICALS INC | $12M | 2.4M | 0.11% | 0.0% | Held |
| 35 | — | NEXEO SOLUTIONS INC | $4M | 10.0M | 0.03% | +250.9% | Added |
| 36 | — | GTY TECHNOLOGY HOLDINGS INC | $1M | 1.5M | 0.01% | — | New |
| 37 | — | SABAN CAP ACQUISITION CORP | $698K | 1.2M | 0.01% | 0.0% | Held |
7 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 |
|---|---|---|---|
| TRCO | TRIBUNE MEDIA CO | $230M | 6.0M |
| AABAUSD | ALTABA INC | $191M | 2.8M |
| — | KERYX BIOPHARMACEUTICALS INC | $88M | 25.8M |
| NG | NOVAGOLD RES INC | $50M | 13.5M |
| — | GTY TECHNOLOGY HOLDINGS INC | $48M | 4.4M |
| — | SABAN CAP ACQUISITION CORP | $24M | 2.3M |
| — | SENTINEL ENERGY SVCS INC | $16M | 1.6M |
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.