Seth Klarman’s portfolio: Baupost Group 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001061768Latest: Q2 2026
Q1 2021 filing in brief
In its Q1 2021 13F, filed May 14, 2021, Baupost Group reported $12.6B across 59 US positions. The largest: INTC (11.9%), LIBERTY GLOBAL PLC (11.1%), EBAY (8.9%), QRVO (7.6%), VSAT (6.2%). In the quarter it opened 27 positions, sold out of 13, added to 8 and trimmed 4; positions opened and sold out came to 19.9% 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 14, 2021
- 27 New
- 8 Added
- 4 Trimmed
- 13 Exited
59 positions at March 31, 2021. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | INTC | INTEL CORP | $1.5B | 23.3M | 11.88% | +28.2% | Added |
| 2 | — | LIBERTY GLOBAL PLC | $1.4B | 54.6M | 11.10% | 0.0% | Held |
| 3 | EBAY | EBAY INC. | $1.1B | 18.3M | 8.94% | −41.1% | Trimmed |
| 4 | QRVO | QORVO INC | $955M | 5.2M | 7.60% | +17.7% | Added |
| 5 | VSAT | VIASAT INC | $783M | 16.3M | 6.24% | 0.0% | Held |
| 6 | GOOG | ALPHABET INC | $602M | 290.9K | 4.79% | +265.6% | Added |
| 7 | — | WILLIS TOWERS WATSON PLC LTD | $572M | 2.5M | 4.56% | — | New |
| 8 | MU | MICRON TECHNOLOGY INC | $478M | 5.4M | 3.81% | +3.9% | Added |
| 9 | META | FACEBOOK INC | $382M | 1.3M | 3.04% | +41.0% | Added |
| 10 | PCG | PG&E CORP | $359M | 30.7M | 2.86% | 0.0% | Held |
| 11 | PSTHUSD | PERSHING SQUARE TONTINE HLDG | $305M | 12.7M | 2.43% | 0.0% | Held |
| 12 | — | TRANSLATE BIO INC | $296M | 18.0M | 2.36% | 0.0% | Held |
| 13 | IFF | INTERNATIONAL FLAVORS&FRAGRA | $293M | 2.1M | 2.33% | — | New |
| 14 | NXST | NEXSTAR MEDIA GROUP INC | $293M | 2.1M | 2.33% | 0.0% | Held |
| 15 | LSXMKUSD | LIBERTY MEDIA CORP DEL | $286M | 6.5M | 2.28% | 0.0% | Held |
| 16 | FOXA | FOX CORP | $275M | 7.6M | 2.19% | −65.7% | Trimmed |
| 17 | SSNC | SS&C TECHNOLOGIES HLDGS INC | $266M | 3.8M | 2.12% | +15.2% | Added |
| 18 | FOX | FOX CORP | $198M | 5.7M | 1.58% | 0.0% | Held |
| 19 | — | LIBERTY GLOBAL PLC | $196M | 7.7M | 1.56% | 0.0% | Held |
| 20 | — | THERAVANCE BIOPHARMA INC | $178M | 8.7M | 1.42% | 0.0% | Held |
| 21 | DOC | HEALTHPEAK PROPERTIES INC | $158M | 5.0M | 1.26% | +24.2% | Added |
| 22 | CLNSEUR | COLONY CAP INC NEW | $157M | 24.2M | 1.25% | 0.0% | Held |
| 23 | LM03 | LIBERTY MEDIA CORP DEL | $154M | 3.5M | 1.23% | 0.0% | Held |
| 24 | VRTVEUR | VERITIV CORP | $152M | 3.6M | 1.21% | 0.0% | Held |
| 25 | — | ADVANTAGE SOLUTIONS INC | $144M | 12.5M | 1.14% | 0.0% | Held |
| 26 | VTY | VERINT SYS INC | $138M | 3.0M | 1.10% | +32.7% | Added |
| 27 | FNF | FIDELITY NATIONAL FINANCIAL | $123M | 3.0M | 0.98% | −20.1% | Trimmed |
| 28 | ATRAGBX | ATARA BIOTHERAPEUTICS INC | $122M | 8.5M | 0.97% | −6.9% | Trimmed |
| 29 | NUVB | NUVATION BIO INC | $82M | 8.6M | 0.66% | — | New |
| 30 | CGEM | CULLINAN ONCOLOGY INC | $72M | 1.8M | 0.57% | — | New |
| 31 | — | REINVENT TECHNOLOGY PARTNERS | $60M | 6.0M | 0.48% | — | New |
| 32 | — | AJAX I | $51M | 5.0M | 0.41% | — | New |
| 33 | — | THOMA BRAVO ADVANTAGE | $42M | 4.0M | 0.33% | — | New |
| 34 | — | AVANTI ACQUISITION CORP | $39M | 4.0M | 0.31% | — | New |
| 35 | — | HORIZON ACQUISITION CORPORAT | $36M | 3.5M | 0.28% | — | New |
| 36 | — | REINVENT TECHNOLOGY PARTNERS | $36M | 3.5M | 0.28% | — | New |
| 37 | — | LIBERTY MEDIA ACQUISITION CO | $32M | 3.2M | 0.26% | — | New |
| 38 | TBPH 3.25 11/01/23 | THERAVANCE BIOPHARMA INC | $31M | 30.0M | 0.24% | 0.0% | Held |
| 39 | — | BROADSTONE ACQUISITION CORP | $29M | 3.0M | 0.23% | — | New |
| 40 | TMQ | TRILOGY METALS INC NEW | $26M | 12.2M | 0.21% | 0.0% | Held |
| 41 | — | ALTIMETER GROWTH CORP 2 | $26M | 2.5M | 0.21% | — | New |
| 42 | — | INVESTINDUSTRIAL ACQUISITION | $20M | 2.1M | 0.16% | — | New |
| 43 | — | DRAGONEER GROWTH OPT CORP II | $20M | 2.0M | 0.16% | — | New |
| 44 | — | FINCH THERAPEUTICS GROUP INC | $19M | 1.2M | 0.15% | — | New |
| 45 | — | PERSHING SQUARE TONTINE HLDG | $16M | 1.9M | 0.13% | 0.0% | Held |
| 46 | — | DRAGONEER GROWTH OPPTY CORP | $10M | 1.0M | 0.08% | 0.0% | Held |
| 47 | — | SVF INVESTMENT CORP | $10M | 1.0M | 0.08% | — | New |
| 48 | — | REINVENT TECHNOLOGY PARTNERS | $10M | 1.0M | 0.08% | — | New |
| 49 | — | VESPER HEALTHCARE ACQSTN COR | $3M | 1.3M | 0.02% | 0.0% | Held |
| 50 | — | HORIZON ACQUISITION CORPORAT | $2M | 1.2M | 0.02% | — | New |
| 51 | — | REDBALL ACQUISITION CORP | $2M | 1.6M | 0.02% | 0.0% | Held |
| 52 | — | AJAX I | $2M | 1.3M | 0.02% | — | New |
| 53 | — | AVANTI ACQUISITION CORP | $2M | 2.0M | 0.02% | — | New |
| 54 | — | LIBERTY MEDIA ACQUISITION CO | $2M | 640.0K | 0.02% | — | New |
| 55 | — | REINVENT TECHNOLOGY PARTNERS | $2M | 875.0K | 0.01% | — | New |
| 56 | — | BROADSTONE ACQUISITION CORP | $1M | 1.5M | 0.01% | — | New |
| 57 | — | INVESTINDUSTRIAL ACQUISITION | $574K | 700.0K | 0.00% | — | New |
| 58 | — | SVF INVESTMENT CORP | $414K | 200.0K | 0.00% | — | New |
| 59 | — | REINVENT TECHNOLOGY PARTNERS | $316K | 200.0K | 0.00% | — | New |
13 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 |
|---|---|---|---|
| MPC | MARATHON PETE CORP | $318M | 7.7M |
| 0VVB | VIACOMCBS INC | $175M | 4.7M |
| — | AJAX I | $62M | 5.0M |
| — | REDBALL ACQUISITION CORP | $54M | 5.0M |
| — | VESPER HEALTHCARE ACQSTN COR | $45M | 4.0M |
| — | AVANTI ACQUISITION CORP | $43M | 4.0M |
| — | REINVENT TECHNOLOGY PARTNERS | $43M | 3.5M |
| — | HORIZON ACQUISITION CORPORAT | $38M | 3.5M |
| — | BROADSTONE ACQUISITION CORP | $31M | 3.0M |
| — | INVESTINDUSTRIAL ACQUISITION | $22M | 2.1M |
| RADIGUSD | RADIUS GLOBAL INFRASTRCTRE I | $19M | 1.5M |
| — | REINVENT TECHNOLOGY PARTNERS | $11M | 1.0M |
| VIST | VISTA OIL & GAS SAB DE CV | $5M | 2.0M |
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.