Seth Klarman’s portfolio: Baupost Group 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001061768Latest: Q2 2026
Q4 2020 filing in brief
In its Q4 2020 13F, filed February 12, 2021, Baupost Group reported $10.8B across 45 US positions. The largest: EBAY (14.4%), LIBERTY GLOBAL PLC (11.9%), INTC (8.4%), QRVO (6.8%), FOXA (6.0%). In the quarter it opened 15 positions, sold out of 7, added to 7 and trimmed 6; positions opened and sold out came to 29.2% 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 12, 2021
- 15 New
- 7 Added
- 6 Trimmed
- 7 Exited
45 positions at December 31, 2020. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | EBAY | EBAY INC. | $1.6B | 31.1M | 14.43% | +3.3% | Added |
| 2 | — | LIBERTY GLOBAL PLC | $1.3B | 54.6M | 11.91% | 0.0% | Held |
| 3 | INTC | INTEL CORP | $906M | 18.2M | 8.36% | — | New |
| 4 | QRVO | QORVO INC | $738M | 4.4M | 6.81% | +49.9% | Added |
| 5 | FOXA | FOX CORP | $646M | 22.2M | 5.96% | −17.7% | Trimmed |
| 6 | VSAT | VIASAT INC | $532M | 16.3M | 4.91% | 0.0% | Held |
| 7 | MU | MICRON TECHNOLOGY INC | $393M | 5.2M | 3.62% | 0.0% | Held |
| 8 | PCG | PG&E CORP | $382M | 30.7M | 3.53% | 0.0% | Held |
| 9 | PSTHUSD | PERSHING SQUARE TONTINE HLDG | $352M | 12.7M | 3.25% | −27.4% | Trimmed |
| 10 | — | TRANSLATE BIO INC | $326M | 18.0M | 3.01% | 0.0% | Held |
| 11 | MPC | MARATHON PETE CORP | $318M | 7.7M | 2.94% | — | New |
| 12 | LSXMKUSD | LIBERTY MEDIA CORP DEL | $282M | 6.5M | 2.60% | +11.5% | Added |
| 13 | META | FACEBOOK INC | $251M | 920.0K | 2.32% | +63.4% | Added |
| 14 | SSNC | SS&C TECHNOLOGIES HLDGS INC | $240M | 3.3M | 2.22% | +9.2% | Added |
| 15 | NXST | NEXSTAR MEDIA GROUP INC | $228M | 2.1M | 2.10% | 0.0% | Held |
| 16 | — | LIBERTY GLOBAL PLC | $185M | 7.7M | 1.71% | 0.0% | Held |
| 17 | ATRAGBX | ATARA BIOTHERAPEUTICS INC | $179M | 9.1M | 1.65% | −8.2% | Trimmed |
| 18 | 0VVB | VIACOMCBS INC | $175M | 4.7M | 1.62% | −75.0% | Trimmed |
| 19 | FOX | FOX CORP | $164M | 5.7M | 1.51% | 0.0% | Held |
| 20 | — | ADVANTAGE SOLUTIONS INC | $161M | 12.5M | 1.49% | — | New |
| 21 | — | THERAVANCE BIOPHARMA INC | $155M | 8.7M | 1.43% | 0.0% | Held |
| 22 | VTY | VERINT SYS INC | $154M | 2.3M | 1.42% | 0.0% | Held |
| 23 | LM03 | LIBERTY MEDIA CORP DEL | $151M | 3.5M | 1.40% | +19.7% | Added |
| 24 | FNF | FIDELITY NATIONAL FINANCIAL | $149M | 3.8M | 1.37% | — | New |
| 25 | GOOG | ALPHABET INC | $139M | 79.6K | 1.29% | −48.5% | Trimmed |
| 26 | DOC | HEALTHPEAK PROPERTIES INC | $121M | 4.0M | 1.12% | 0.0% | Held |
| 27 | CLNSEUR | COLONY CAP INC NEW | $116M | 24.2M | 1.07% | +7.0% | Added |
| 28 | VRTVEUR | VERITIV CORP | $74M | 3.6M | 0.68% | 0.0% | Held |
| 29 | — | AJAX I | $62M | 5.0M | 0.57% | — | New |
| 30 | — | REDBALL ACQUISITION CORP | $54M | 5.0M | 0.50% | — | New |
| 31 | — | VESPER HEALTHCARE ACQSTN COR | $45M | 4.0M | 0.41% | — | New |
| 32 | — | AVANTI ACQUISITION CORP | $43M | 4.0M | 0.40% | — | New |
| 33 | — | REINVENT TECHNOLOGY PARTNERS | $43M | 3.5M | 0.40% | 0.0% | Held |
| 34 | — | HORIZON ACQUISITION CORPORAT | $38M | 3.5M | 0.35% | — | New |
| 35 | — | BROADSTONE ACQUISITION CORP | $31M | 3.0M | 0.29% | 0.0% | Held |
| 36 | TBPH 3.25 11/01/23 | THERAVANCE BIOPHARMA INC | $28M | 30.0M | 0.26% | 0.0% | Held |
| 37 | TMQ | TRILOGY METALS INC NEW | $24M | 12.2M | 0.22% | 0.0% | Held |
| 38 | — | INVESTINDUSTRIAL ACQUISITION | $22M | 2.1M | 0.20% | — | New |
| 39 | RADIGUSD | RADIUS GLOBAL INFRASTRCTRE I | $19M | 1.5M | 0.18% | — | New |
| 40 | — | PERSHING SQUARE TONTINE HLDG | $19M | 1.9M | 0.17% | 0.0% | Held |
| 41 | — | DRAGONEER GROWTH OPPTY CORP | $11M | 1.0M | 0.11% | — | New |
| 42 | — | REINVENT TECHNOLOGY PARTNERS | $11M | 1.0M | 0.11% | — | New |
| 43 | VIST | VISTA OIL & GAS SAB DE CV | $5M | 2.0M | 0.05% | −55.8% | Trimmed |
| 44 | — | REDBALL ACQUISITION CORP | $4M | 1.6M | 0.03% | — | New |
| 45 | — | VESPER HEALTHCARE ACQSTN COR | $3M | 1.3M | 0.03% | — | New |
7 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.