Seth Klarman’s portfolio: Baupost Group 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001061768Latest: Q2 2026
Q2 2021 filing in brief
In its Q2 2021 13F, filed August 13, 2021, Baupost Group reported $12.3B across 59 US positions. The largest: LIBERTY GLOBAL PLC (11.8%), INTC (9.9%), EBAY (8.5%), QRVO (8.5%), VSAT (6.6%). In the quarter it opened 8 positions, sold out of 8, added to 4 and trimmed 9; positions opened and sold out came to 12.8% 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, 2021
- 8 New
- 4 Added
- 9 Trimmed
- 8 Exited
59 positions at June 30, 2021. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | — | LIBERTY GLOBAL PLC | $1.5B | 54.0M | 11.84% | −1.1% | Trimmed |
| 2 | INTC | INTEL CORP | $1.2B | 21.7M | 9.90% | −6.7% | Trimmed |
| 3 | EBAY | EBAY INC. | $1.0B | 14.9M | 8.48% | −18.7% | Trimmed |
| 4 | QRVO | QORVO INC | $1.0B | 5.3M | 8.47% | +2.1% | Added |
| 5 | VSAT | VIASAT INC | $812M | 16.3M | 6.59% | 0.0% | Held |
| 6 | GOOG | ALPHABET INC | $729M | 290.9K | 5.92% | 0.0% | Held |
| 7 | MU | MICRON TECHNOLOGY INC | $609M | 7.2M | 4.94% | +32.1% | Added |
| 8 | META | FACEBOOK INC | $538M | 1.5M | 4.36% | +19.3% | Added |
| 9 | — | TRANSLATE BIO INC | $494M | 18.0M | 4.00% | 0.0% | Held |
| 10 | — | WILLIS TOWERS WATSON PLC LTD | $435M | 1.9M | 3.53% | −24.3% | Trimmed |
| 11 | IFF | INTERNATIONAL FLAVORS&FRAGRA | $314M | 2.1M | 2.55% | 0.0% | Held |
| 12 | PCG | PG&E CORP | $312M | 30.7M | 2.53% | 0.0% | Held |
| 13 | NXST | NEXSTAR MEDIA GROUP INC | $303M | 2.0M | 2.45% | −1.9% | Trimmed |
| 14 | LSXMKUSD | LIBERTY MEDIA CORP DEL | $301M | 6.5M | 2.44% | 0.0% | Held |
| 15 | SSNC | SS&C TECHNOLOGIES HLDGS INC | $239M | 3.3M | 1.94% | −12.9% | Trimmed |
| 16 | PSTHUSD | PERSHING SQUARE TONTINE HLDG | $230M | 10.1M | 1.86% | −20.6% | Trimmed |
| 17 | VRTVEUR | VERITIV CORP | $219M | 3.6M | 1.78% | 0.0% | Held |
| 18 | SJR/BEUR | SHAW COMMUNICATIONS INC | $218M | 7.5M | 1.77% | — | New |
| 19 | — | LIBERTY GLOBAL PLC | $208M | 7.7M | 1.69% | 0.0% | Held |
| 20 | CLNSEUR | DIGITALBRIDGE GROUP INC | $181M | 22.9M | 1.47% | — | New |
| 21 | LM03 | LIBERTY MEDIA CORP DEL | $163M | 3.5M | 1.32% | 0.0% | Held |
| 22 | — | THERAVANCE BIOPHARMA INC | $144M | 9.9M | 1.17% | +13.5% | Added |
| 23 | VTY | VERINT SYS INC | $137M | 3.0M | 1.11% | 0.0% | Held |
| 24 | ATRAGBX | ATARA BIOTHERAPEUTICS INC | $132M | 8.5M | 1.07% | 0.0% | Held |
| 25 | — | ADVANTAGE SOLUTIONS INC | $130M | 12.2M | 1.05% | −2.4% | Trimmed |
| 26 | — | IRONSOURCE LTD | $80M | 8.0M | 0.65% | — | New |
| 27 | NUVB | NUVATION BIO INC | $77M | 8.6M | 0.63% | 0.0% | Held |
| 28 | — | REINVENT TECHNOLOGY PARTNERS | $59M | 6.0M | 0.48% | — | New |
| 29 | CGEM | CULLINAN ONCOLOGY INC | $46M | 1.8M | 0.38% | 0.0% | Held |
| 30 | — | AJAX I | $42M | 4.2M | 0.34% | −15.5% | Trimmed |
| 31 | — | AVANTI ACQUISITION CORP | $39M | 4.0M | 0.32% | 0.0% | Held |
| 32 | — | REINVENT TECHNOLOGY PARTNERS | $35M | 3.5M | 0.28% | 0.0% | Held |
| 33 | — | HORIZON ACQUISITION CORPORAT | $34M | 3.5M | 0.28% | 0.0% | Held |
| 34 | — | LIBERTY MEDIA ACQUISITION CO | $33M | 3.2M | 0.26% | 0.0% | Held |
| 35 | TMQ | TRILOGY METALS INC NEW | $31M | 12.2M | 0.25% | 0.0% | Held |
| 36 | — | BROADSTONE ACQUISITION CORP | $29M | 3.0M | 0.24% | 0.0% | Held |
| 37 | TBPH 3.25 11/01/23 | THERAVANCE BIOPHARMA INC | $29M | 30.0M | 0.23% | 0.0% | Held |
| 38 | GTX | GARRETT MOTION INC | $29M | 3.6M | 0.23% | — | New |
| 39 | — | ALTIMETER GROWTH CORP 2 | $26M | 2.5M | 0.21% | 0.0% | Held |
| 40 | — | INVESTINDUSTRIAL ACQUISITION | $20M | 2.1M | 0.17% | 0.0% | Held |
| 41 | — | DRAGONEER GROWTH OPT CORP II | $20M | 2.0M | 0.16% | 0.0% | Held |
| 42 | — | FINCH THERAPEUTICS GROUP INC | $17M | 1.2M | 0.14% | 0.0% | Held |
| 43 | — | PERSHING SQUARE TONTINE HLDG | $12M | 1.9M | 0.10% | 0.0% | Held |
| 44 | — | DRAGONEER GROWTH OPPTY CORP | $10M | 1.0M | 0.08% | 0.0% | Held |
| 45 | — | REINVENT TECHNOLOGY PARTNERS | $10M | 1.0M | 0.08% | 0.0% | Held |
| 46 | — | SVF INVESTMENT CORP | $10M | 1.0M | 0.08% | 0.0% | Held |
| 47 | — | THE BEAUTY HEALTH COMPANY | $6M | 899.0K | 0.05% | — | New |
| 48 | — | NOBLE CORP NEW | $2M | 104.9K | 0.02% | — | New |
| 49 | — | AJAX I | $2M | 1.3M | 0.02% | 0.0% | Held |
| 50 | — | AVANTI ACQUISITION CORP | $2M | 2.0M | 0.02% | 0.0% | Held |
| 51 | — | BROADSTONE ACQUISITION CORP | $2M | 1.5M | 0.01% | 0.0% | Held |
| 52 | — | REDBALL ACQUISITION CORP | $2M | 1.6M | 0.01% | 0.0% | Held |
| 53 | — | REINVENT TECHNOLOGY PARTNERS | $2M | 875.0K | 0.01% | 0.0% | Held |
| 54 | — | LIBERTY MEDIA ACQUISITION CO | $1M | 640.0K | 0.01% | 0.0% | Held |
| 55 | — | HORIZON ACQUISITION CORPORAT | $1M | 1.2M | 0.01% | 0.0% | Held |
| 56 | — | REINVENT TECHNOLOGY PARTNERS | $1M | 750.0K | 0.01% | — | New |
| 57 | — | INVESTINDUSTRIAL ACQUISITION | $707K | 700.0K | 0.01% | 0.0% | Held |
| 58 | — | REINVENT TECHNOLOGY PARTNERS | $362K | 200.0K | 0.00% | 0.0% | Held |
| 59 | — | SVF INVESTMENT CORP | $308K | 200.0K | 0.00% | 0.0% | Held |
8 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 |
|---|---|---|---|
| FOXA | FOX CORP | $275M | 7.6M |
| FOX | FOX CORP | $198M | 5.7M |
| DOC | HEALTHPEAK PROPERTIES INC | $158M | 5.0M |
| CLNSEUR | COLONY CAP INC NEW | $157M | 24.2M |
| FNF | FIDELITY NATIONAL FINANCIAL | $123M | 3.0M |
| — | REINVENT TECHNOLOGY PARTNERS | $60M | 6.0M |
| — | THOMA BRAVO ADVANTAGE | $42M | 4.0M |
| — | VESPER HEALTHCARE ACQSTN COR | $3M | 1.3M |
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.