Seth Klarman’s portfolio: Baupost Group 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001061768Latest: Q2 2026
Q2 2019 filing in brief
In its Q2 2019 13F, filed August 13, 2019, Baupost Group reported $11.0B across 32 US positions. The largest: LIBERTY GLOBAL PLC (10.1%), VSAT (10.1%), FOXA (9.1%), EBAY (8.6%), LNG (6.6%). In the quarter it opened 1 position, sold out of 4, added to 8 and trimmed 9; positions opened and sold out came to 7.1% 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, 2019
- 1 New
- 8 Added
- 9 Trimmed
- 4 Exited
32 positions at June 30, 2019. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | — | LIBERTY GLOBAL PLC | $1.1B | 41.9M | 10.07% | +7.3% | Added |
| 2 | VSAT | VIASAT INC | $1.1B | 13.7M | 10.05% | 0.0% | Held |
| 3 | FOXA | FOX CORP | $1.0B | 27.3M | 9.06% | 0.0% | Held |
| 4 | EBAY | EBAY INC | $954M | 24.1M | 8.63% | −17.6% | Trimmed |
| 5 | LNG | CHENIERE ENERGY INC | $731M | 10.7M | 6.61% | −15.4% | Trimmed |
| 6 | — | ALLERGAN PLC | $616M | 3.7M | 5.58% | −22.9% | Trimmed |
| 7 | BMY | BRISTOL MYERS SQUIBB CO | $590M | 13.0M | 5.34% | +225.0% | Added |
| 8 | QRVO | QORVO INC | $578M | 8.7M | 5.23% | −18.0% | Trimmed |
| 9 | PCG | PG&E CORP | $562M | 24.5M | 5.08% | 0.0% | Held |
| 10 | — | CBS CORP NEW | $499M | 10.0M | 4.52% | +17.1% | Added |
| 11 | MCK | MCKESSON CORP | $349M | 2.6M | 3.16% | −7.8% | Trimmed |
| 12 | SYF | SYNCHRONY FINL | $321M | 9.3M | 2.91% | −35.1% | Trimmed |
| 13 | TSLA 2.375 03/15/22 | TESLA INC | $296M | 300.0M | 2.68% | 0.0% | Held |
| 14 | CLNSEUR | COLONY CAP INC NEW | $248M | 49.7M | 2.25% | 0.0% | Held |
| 15 | UNVREUR | UNIVAR INC | $209M | 9.5M | 1.90% | 0.0% | Held |
| 16 | FOX | FOX CORP | $208M | 5.7M | 1.88% | 0.0% | Held |
| 17 | — | LIBERTY GLOBAL PLC | $201M | 7.4M | 1.82% | +50.1% | Added |
| 18 | ABG | AMERISOURCEBERGEN CORP | $189M | 2.2M | 1.71% | −7.9% | Trimmed |
| 19 | TAK | TAKEDA PHARMACEUTICAL CO LTD | $167M | 9.4M | 1.51% | −11.5% | Trimmed |
| 20 | AR | ANTERO RES CORP | $158M | 28.6M | 1.43% | 0.0% | Held |
| 21 | — | THERAVANCE BIOPHARMA INC | $152M | 9.3M | 1.38% | 0.0% | Held |
| 22 | NXST | NEXSTAR MEDIA GROUP INC | $141M | 1.4M | 1.28% | +39.8% | Added |
| 23 | ATRAGBX | ATARA BIOTHERAPEUTICS INC | $141M | 7.0M | 1.27% | +9.7% | Added |
| 24 | AKBA | AKEBIA THERAPEUTICS INC | $118M | 24.5M | 1.07% | 0.0% | Held |
| 25 | — | TRANSLATE BIO INC | $109M | 8.8M | 0.99% | +36.2% | Added |
| 26 | XPO | XPO LOGISTICS INC | $87M | 1.5M | 0.78% | — | New |
| 27 | VRTVEUR | VERITIV CORP | $69M | 3.6M | 0.63% | 0.0% | Held |
| 28 | TMQ | TRILOGY METALS INC NEW | $40M | 13.6M | 0.36% | +4.5% | Added |
| 29 | 2362120D | SINCLAIR BROADCAST GROUP INC | $29M | 549.4K | 0.27% | −81.1% | Trimmed |
| 30 | GOSS | GOSSAMER BIO INC | $27M | 1.3M | 0.25% | 0.0% | Held |
| 31 | TBPH 3.25 11/01/23 | THERAVANCE BIOPHARMA INC | $26M | 30.0M | 0.23% | 0.0% | Held |
| 32 | PRTKEUR | PARATEK PHARMACEUTICALS INC | $10M | 2.4M | 0.09% | 0.0% | Held |
4 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 |
|---|---|---|---|
| CELG | CELGENE CORP | $377M | 4.0M |
| PXDEUR | PIONEER NAT RES CO | $305M | 2.0M |
| DIS | DISNEY WALT CO | $44M | 399.2K |
| — | GTY TECHNOLOGY HOLDINGS INC | $884K | 1.5M |
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.