Seth Klarman’s portfolio: Baupost Group 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001061768Latest: Q2 2026
Q3 2019 filing in brief
In its Q3 2019 13F, filed November 13, 2019, Baupost Group reported $8.8B across 32 US positions. The largest: LIBERTY GLOBAL PLC (11.8%), VSAT (11.7%), FOXA (9.8%), EBAY (7.3%), LNG (7.2%). In the quarter it opened 3 positions, sold out of 3, added to 6 and trimmed 10; positions opened and sold out came to 9.3% 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, 2019
- 3 New
- 6 Added
- 10 Trimmed
- 3 Exited
32 positions at September 30, 2019. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | — | LIBERTY GLOBAL PLC | $1.0B | 44.0M | 11.84% | +4.8% | Added |
| 2 | VSAT | VIASAT INC | $1.0B | 13.7M | 11.71% | 0.0% | Held |
| 3 | FOXA | FOX CORP | $862M | 27.3M | 9.76% | 0.0% | Held |
| 4 | EBAY | EBAY INC | $649M | 16.6M | 7.35% | −31.1% | Trimmed |
| 5 | LNG | CHENIERE ENERGY INC | $639M | 10.1M | 7.24% | −5.0% | Trimmed |
| 6 | BMY | BRISTOL MYERS SQUIBB CO | $507M | 10.0M | 5.74% | −23.1% | Trimmed |
| 7 | — | CBS CORP NEW | $484M | 12.0M | 5.49% | +20.0% | Added |
| 8 | QRVO | QORVO INC | $421M | 5.7M | 4.77% | −34.6% | Trimmed |
| 9 | TSLA 2.375 03/15/22 | TESLA INC | $303M | 300.0M | 3.44% | 0.0% | Held |
| 10 | CLNSEUR | COLONY CAP INC NEW | $299M | 49.7M | 3.39% | 0.0% | Held |
| 11 | PCG | PG&E CORP | $245M | 24.5M | 2.77% | 0.0% | Held |
| 12 | NXST | NEXSTAR MEDIA GROUP INC | $205M | 2.0M | 2.32% | +43.1% | Added |
| 13 | UNVREUR | UNIVAR SOLUTIONS INC | $197M | 9.5M | 2.23% | 0.0% | Held |
| 14 | — | LIBERTY GLOBAL PLC | $190M | 7.7M | 2.15% | +2.9% | Added |
| 15 | — | THERAVANCE BIOPHARMA INC | $181M | 9.3M | 2.05% | 0.0% | Held |
| 16 | FOX | FOX CORP | $179M | 5.7M | 2.03% | 0.0% | Held |
| 17 | MCK | MCKESSON CORP | $178M | 1.3M | 2.02% | −49.7% | Trimmed |
| 18 | — | TRANSLATE BIO INC | $172M | 17.5M | 1.95% | +98.4% | Added |
| 19 | SYF | SYNCHRONY FINL | $171M | 5.0M | 1.93% | −46.0% | Trimmed |
| 20 | TAK | TAKEDA PHARMACEUTICAL CO LTD | $162M | 9.4M | 1.84% | 0.0% | Held |
| 21 | NUANEUR | NUANCE COMMUNICATIONS INC | $134M | 8.2M | 1.52% | — | New |
| 22 | ATRAGBX | ATARA BIOTHERAPEUTICS INC | $117M | 8.3M | 1.33% | +18.7% | Added |
| 23 | ABG | AMERISOURCEBERGEN CORP | $96M | 1.2M | 1.09% | −47.3% | Trimmed |
| 24 | AKBA | AKEBIA THERAPEUTICS INC | $96M | 24.5M | 1.09% | 0.0% | Held |
| 25 | VRTVEUR | VERITIV CORP | $64M | 3.6M | 0.73% | 0.0% | Held |
| 26 | AR | ANTERO RES CORP | $64M | 21.1M | 0.72% | −26.2% | Trimmed |
| 27 | VIST | VISTA OIL & GAS S A B DE C V | $32M | 6.2M | 0.36% | — | New |
| 28 | TBPH 3.25 11/01/23 | THERAVANCE BIOPHARMA INC | $28M | 30.0M | 0.31% | 0.0% | Held |
| 29 | CARS | CARS COM INC | $27M | 3.0M | 0.31% | — | New |
| 30 | TMQ | TRILOGY METALS INC NEW | $20M | 12.2M | 0.23% | −10.7% | Trimmed |
| 31 | GOSS | GOSSAMER BIO INC | $16M | 967.2K | 0.18% | −23.7% | Trimmed |
| 32 | PRTKEUR | PARATEK PHARMACEUTICALS INC | $10M | 2.4M | 0.12% | 0.0% | Held |
3 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 |
|---|---|---|---|
| — | ALLERGAN PLC | $616M | 3.7M |
| XPO | XPO LOGISTICS INC | $87M | 1.5M |
| 2362120D | SINCLAIR BROADCAST GROUP INC | $29M | 549.4K |
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.