Seth Klarman’s portfolio: Baupost Group 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001061768Latest: Q2 2026
Q3 2020 filing in brief
In its Q3 2020 13F, filed November 13, 2020, Baupost Group reported $9.3B across 37 US positions. The largest: EBAY (17.0%), LIBERTY GLOBAL PLC (12.1%), FOXA (8.1%), VSAT (6.0%), 0VVB (5.7%). In the quarter it opened 11 positions, sold out of 5, added to 6 and trimmed 9; positions opened and sold out came to 18.9% 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 Nov 13, 2020
- 11 New
- 6 Added
- 9 Trimmed
- 5 Exited
37 positions at September 30, 2020. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | EBAY | EBAY INC. | $1.6B | 30.1M | 16.96% | −6.1% | Trimmed |
| 2 | — | LIBERTY GLOBAL PLC | $1.1B | 54.6M | 12.11% | 0.0% | Held |
| 3 | FOXA | FOX CORP | $751M | 27.0M | 8.11% | −1.3% | Trimmed |
| 4 | VSAT | VIASAT INC | $560M | 16.3M | 6.05% | +18.6% | Added |
| 5 | 0VVB | VIACOMCBS INC | $528M | 18.8M | 5.70% | 0.0% | Held |
| 6 | PSTHUSD | PERSHING SQUARE TONTINE HLDG | $397M | 17.5M | 4.29% | — | New |
| 7 | QRVO | QORVO INC | $382M | 3.0M | 4.13% | −3.3% | Trimmed |
| 8 | PCG | PG&E CORP | $288M | 30.7M | 3.11% | +552.0% | Added |
| 9 | HDSUSD | HD SUPPLY HLDGS INC | $281M | 6.8M | 3.04% | +3.0% | Added |
| 10 | HPQ | HP INC | $253M | 13.3M | 2.73% | −26.1% | Trimmed |
| 11 | MCK | MCKESSON CORP | $249M | 1.7M | 2.69% | 0.0% | Held |
| 12 | MU | MICRON TECHNOLOGY INC | $245M | 5.2M | 2.65% | — | New |
| 13 | — | TRANSLATE BIO INC | $242M | 18.0M | 2.62% | 0.0% | Held |
| 14 | GOOG | ALPHABET INC | $227M | 154.6K | 2.46% | −28.0% | Trimmed |
| 15 | LSXMKUSD | LIBERTY MEDIA CORP DEL | $192M | 5.8M | 2.08% | +3045.7% | Added |
| 16 | NXST | NEXSTAR MEDIA GROUP INC | $188M | 2.1M | 2.03% | 0.0% | Held |
| 17 | SSNC | SS&C TECHNOLOGIES HLDGS INC | $183M | 3.0M | 1.98% | +2055.3% | Added |
| 18 | — | LIBERTY GLOBAL PLC | $161M | 7.7M | 1.74% | 0.0% | Held |
| 19 | FOX | FOX CORP | $159M | 5.7M | 1.72% | 0.0% | Held |
| 20 | META | FACEBOOK INC | $147M | 563.0K | 1.59% | −33.9% | Trimmed |
| 21 | AMAT | APPLIED MATLS INC | $137M | 2.3M | 1.48% | — | New |
| 22 | — | THERAVANCE BIOPHARMA INC | $129M | 8.7M | 1.40% | −6.2% | Trimmed |
| 23 | ATRAGBX | ATARA BIOTHERAPEUTICS INC | $129M | 9.9M | 1.39% | 0.0% | Held |
| 24 | VTY | VERINT SYS INC | $110M | 2.3M | 1.19% | +271.6% | Added |
| 25 | DOC | HEALTHPEAK PROPERTIES INC | $109M | 4.0M | 1.17% | — | New |
| 26 | LM03 | LIBERTY MEDIA CORP DEL | $97M | 2.9M | 1.05% | — | New |
| 27 | HWM | HOWMET AEROSPACE INC | $77M | 4.6M | 0.83% | — | New |
| 28 | CLNSEUR | COLONY CAP INC NEW | $62M | 22.6M | 0.67% | −11.9% | Trimmed |
| 29 | — | REDBALL ACQUISITION CORP | $52M | 5.0M | 0.57% | — | New |
| 30 | VRTVEUR | VERITIV CORP | $45M | 3.6M | 0.49% | 0.0% | Held |
| 31 | — | VESPER HEALTHCARE ACQSTN COR | $41M | 4.0M | 0.44% | — | New |
| 32 | — | REINVENT TECHNOLOGY PARTNERS | $40M | 3.5M | 0.43% | — | New |
| 33 | — | BROADSTONE ACQUISITION CORP | $30M | 3.0M | 0.32% | — | New |
| 34 | TBPH 3.25 11/01/23 | THERAVANCE BIOPHARMA INC | $26M | 30.0M | 0.28% | 0.0% | Held |
| 35 | TMQ | TRILOGY METALS INC NEW | $22M | 12.2M | 0.24% | 0.0% | Held |
| 36 | — | PERSHING SQUARE TONTINE HLDG | $14M | 1.9M | 0.15% | — | New |
| 37 | VIST | VISTA OIL & GAS S A B DE C V | $10M | 4.4M | 0.11% | −25.9% | Trimmed |
5 exited positions
Positions held in the preceding quarter and absent from this filing. Values and shares are from the preceding quarter.
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.