Seth Klarman’s portfolio: Baupost Group 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001061768Latest: Q2 2026
Q1 2019 filing in brief
In its Q1 2019 13F, filed May 15, 2019, Baupost Group reported $11.9B across 35 US positions. The largest: EBAY (9.1%), VSAT (8.9%), FOXA (8.4%), LIBERTY GLOBAL PLC (8.0%), LNG (7.3%). In the quarter it opened 8 positions, sold out of 10, added to 8 and trimmed 4; positions opened and sold out came to 47.9% 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 May 15, 2019
- 8 New
- 8 Added
- 4 Trimmed
- 10 Exited
35 positions at March 31, 2019. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | EBAY | EBAY INC | $1.1B | 29.3M | 9.14% | +39.5% | Added |
| 2 | VSAT | VIASAT INC | $1.1B | 13.7M | 8.94% | 0.0% | Held |
| 3 | FOXA | FOX CORP | $1.0B | 27.3M | 8.43% | — | New |
| 4 | — | LIBERTY GLOBAL PLC | $946M | 39.1M | 7.95% | +31.4% | Added |
| 5 | LNG | CHENIERE ENERGY INC | $863M | 12.6M | 7.25% | −11.1% | Trimmed |
| 6 | QRVO | QORVO INC | $760M | 10.6M | 6.38% | −0.9% | Held |
| 7 | — | ALLERGAN PLC | $698M | 4.8M | 5.87% | +0.3% | Held |
| 8 | SYF | SYNCHRONY FINL | $455M | 14.3M | 3.82% | −2.0% | Trimmed |
| 9 | PCG | PG&E CORP | $436M | 24.5M | 3.66% | +58.3% | Added |
| 10 | — | CBS CORP NEW | $406M | 8.5M | 3.41% | +235.4% | Added |
| 11 | CELG | CELGENE CORP | $377M | 4.0M | 3.17% | — | New |
| 12 | MCK | MCKESSON CORP | $330M | 2.8M | 2.77% | +63.7% | Added |
| 13 | TSLA 2.375 03/15/22 | TESLA INC | $328M | 300.0M | 2.76% | 0.0% | Held |
| 14 | PXDEUR | PIONEER NAT RES CO | $305M | 2.0M | 2.56% | −55.5% | Trimmed |
| 15 | CLNSEUR | COLONY CAP INC NEW | $264M | 49.7M | 2.22% | 0.0% | Held |
| 16 | ATRAGBX | ATARA BIOTHERAPEUTICS INC | $254M | 6.4M | 2.13% | +2.0% | Added |
| 17 | AR | ANTERO RES CORP | $252M | 28.6M | 2.12% | 0.0% | Held |
| 18 | TAK | TAKEDA PHARMACEUTICAL CO LTD | $217M | 10.7M | 1.83% | — | New |
| 19 | — | THERAVANCE BIOPHARMA INC | $211M | 9.3M | 1.77% | 0.0% | Held |
| 20 | UNVREUR | UNIVAR INC | $211M | 9.5M | 1.77% | 0.0% | Held |
| 21 | FOX | FOX CORP | $204M | 5.7M | 1.71% | — | New |
| 22 | AKBA | AKEBIA THERAPEUTICS INC | $200M | 24.5M | 1.68% | 0.0% | Held |
| 23 | ABG | AMERISOURCEBERGEN CORP | $191M | 2.4M | 1.61% | +19.4% | Added |
| 24 | BMY | BRISTOL MYERS SQUIBB CO | $191M | 4.0M | 1.60% | — | New |
| 25 | — | LIBERTY GLOBAL PLC | $124M | 5.0M | 1.04% | 0.0% | Held |
| 26 | 2362120D | SINCLAIR BROADCAST GROUP INC | $112M | 2.9M | 0.94% | −3.1% | Trimmed |
| 27 | NXST | NEXSTAR MEDIA GROUP INC | $108M | 1.0M | 0.91% | +5.3% | Added |
| 28 | VRTVEUR | VERITIV CORP | $94M | 3.6M | 0.79% | 0.0% | Held |
| 29 | — | TRANSLATE BIO INC | $64M | 6.5M | 0.54% | 0.0% | Held |
| 30 | DIS | DISNEY WALT CO | $44M | 399.2K | 0.37% | — | New |
| 31 | TMQ | TRILOGY METALS INC NEW | $32M | 13.1M | 0.27% | 0.0% | Held |
| 32 | TBPH 3.25 11/01/23 | THERAVANCE BIOPHARMA INC | $29M | 30.0M | 0.25% | 0.0% | Held |
| 33 | GOSS | GOSSAMER BIO INC | $26M | 1.3M | 0.22% | — | New |
| 34 | PRTKEUR | PARATEK PHARMACEUTICALS INC | $13M | 2.4M | 0.11% | 0.0% | Held |
| 35 | — | GTY TECHNOLOGY HOLDINGS INC | $884K | 1.5M | 0.01% | — | New |
10 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 |
|---|---|---|---|
| — | TWENTY FIRST CENTY FOX INC | $2.5B | 51.3M |
| — | TWENTY FIRST CENTY FOX INC | $814M | 17.0M |
| YPF | YPF SOCIEDAD ANONIMA | $80M | 6.0M |
| — | SHIRE PLC | $80M | 460.5K |
| CAH | CARDINAL HEALTH INC | $65M | 1.5M |
| — | AMC ENTMT HLDGS INC | $18M | 1.5M |
| — | SENTINEL ENERGY SVCS INC | $16M | 1.6M |
| — | NEXEO SOLUTIONS INC | $4M | 10.0M |
| — | GTY TECHNOLOGY HOLDINGS INC | $1M | 1.5M |
| — | SABAN CAP ACQUISITION CORP | $698K | 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.