Seth Klarman’s portfolio: Baupost Group 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001061768Latest: Q2 2026
Q1 2022 filing in brief
In its Q1 2022 13F, filed May 13, 2022, Baupost Group reported $9.3B across 55 US positions. The largest: LIBERTY GLOBAL PLC (15.0%), QRVO (8.9%), INTC (8.8%), VSAT (8.6%), GOOG (7.3%). In the quarter it opened 3 positions, sold out of 2, added to 9 and trimmed 23; positions opened and sold out came to 4.2% 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 May 13, 2022
- 3 New
- 9 Added
- 23 Trimmed
- 2 Exited
55 positions at March 31, 2022. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | — | LIBERTY GLOBAL PLC | $1.4B | 54.0M | 15.03% | 0.0% | Held |
| 2 | QRVO | QORVO INC | $825M | 6.6M | 8.87% | +11.8% | Added |
| 3 | INTC | INTEL CORP | $822M | 16.6M | 8.84% | −8.0% | Trimmed |
| 4 | VSAT | VIASAT INC | $795M | 16.3M | 8.55% | 0.0% | Held |
| 5 | GOOG | ALPHABET INC | $681M | 243.9K | 7.32% | +6.9% | Added |
| 6 | LSXMKUSD | LIBERTY MEDIA CORP DEL | $510M | 11.2M | 5.49% | +6.2% | Added |
| 7 | VRTVEUR | VERITIV CORP | $476M | 3.6M | 5.12% | 0.0% | Held |
| 8 | FISV | FISERV INC | $404M | 4.0M | 4.35% | +30.8% | Added |
| 9 | — | WILLIS TOWERS WATSON PLC LTD | $291M | 1.2M | 3.13% | −1.5% | Trimmed |
| 10 | SSNC | SS&C TECHNOLOGIES HLDGS INC | $283M | 3.8M | 3.04% | −1.3% | Trimmed |
| 11 | LM03 | LIBERTY MEDIA CORP DEL | $257M | 5.6M | 2.76% | +13.0% | Added |
| 12 | DBX | DROPBOX INC | $246M | 10.6M | 2.64% | +30.6% | Added |
| 13 | MU | MICRON TECHNOLOGY INC | $242M | 3.1M | 2.61% | −4.3% | Trimmed |
| 14 | NXST | NEXSTAR MEDIA GROUP INC | $216M | 1.1M | 2.33% | −33.0% | Trimmed |
| 15 | META | META PLATFORMS INC | $216M | 969.9K | 2.32% | −1.5% | Trimmed |
| 16 | EHC | ENCOMPASS HEALTH CORP | $213M | 3.0M | 2.29% | +318.9% | Added |
| 17 | GTX 11 PERP A | GARRETT MOTION INC | $211M | 25.5M | 2.27% | 0.0% | Held |
| 18 | — | LIBERTY GLOBAL PLC | $195M | 7.7M | 2.10% | 0.0% | Held |
| 19 | CLNSEUR | DIGITALBRIDGE GROUP INC | $132M | 18.4M | 1.42% | −19.7% | Trimmed |
| 20 | — | THERAVANCE BIOPHARMA INC | $130M | 13.6M | 1.40% | −0.1% | Held |
| 21 | VTY | VERINT SYS INC | $114M | 2.2M | 1.23% | −41.2% | Trimmed |
| 22 | ATRAGBX | ATARA BIOTHERAPEUTICS INC | $75M | 8.1M | 0.81% | −4.2% | Trimmed |
| 23 | — | ADVANTAGE SOLUTIONS INC | $74M | 12.0M | 0.80% | −1.3% | Trimmed |
| 24 | LFG1USD | ARCHAEA ENERGY INC | $65M | 3.1M | 0.70% | −10.8% | Trimmed |
| 25 | NUVB | NUVATION BIO INC | $55M | 10.4M | 0.59% | +21.1% | Added |
| 26 | — | AVANTI ACQUISITION CORP | $39M | 4.0M | 0.42% | 0.0% | Held |
| 27 | — | IRONSOURCE LTD | $38M | 7.9M | 0.41% | +98.4% | Added |
| 28 | — | LIBERTY MEDIA ACQUISITION CO | $31M | 3.2M | 0.34% | −1.4% | Trimmed |
| 29 | TBPH 3.25 11/01/23 | THERAVANCE BIOPHARMA INC | $29M | 30.0M | 0.31% | 0.0% | Held |
| 30 | GTN | GRAY TELEVISION INC | $28M | 1.3M | 0.31% | — | New |
| 31 | POST | POST HOLDINGS PARTNERING COR | $26M | 378.3K | 0.28% | — | New |
| 32 | GTX | GARRETT MOTION INC | $26M | 3.6M | 0.28% | 0.0% | Held |
| 33 | — | ALTIMETER GROWTH CORP 2 | $24M | 2.5M | 0.26% | −1.1% | Trimmed |
| 34 | — | GRAB HOLDINGS LIMITED | $20M | 6.1M | 0.22% | −4.6% | Trimmed |
| 35 | — | DRAGONEER GROWTH OPT CORP II | $19M | 2.0M | 0.21% | −1.8% | Trimmed |
| 36 | CGEM | CULLINAN ONCOLOGY INC | $16M | 1.5M | 0.17% | 0.0% | Held |
| 37 | — | JOBY AVIATION INC | $13M | 2.0M | 0.14% | −79.6% | Trimmed |
| 38 | TMQ | TRILOGY METALS INC NEW | $12M | 11.1M | 0.13% | −5.0% | Trimmed |
| 39 | BRBR | BELLRING BRANDS INC | $11M | 479.6K | 0.12% | — | New |
| 40 | — | SVF INVESTMENT CORP | $10M | 989.3K | 0.10% | −1.1% | Trimmed |
| 41 | TEAD | OUTBRAIN INC | $8M | 792.0K | 0.09% | 0.0% | Held |
| 42 | — | FINCH THERAPEUTICS GROUP INC | $6M | 1.1M | 0.06% | −0.8% | Held |
| 43 | — | NOBLE CORP NEW | $3M | 104.9K | 0.04% | 0.0% | Held |
| 44 | — | PERSHING SQUARE TONTINE HLDG | $2M | 1.9M | 0.02% | −2.4% | Trimmed |
| 45 | — | ERMENEGILDO ZEGNA N V | $2M | 698.2K | 0.02% | −0.3% | Held |
| 46 | — | JOBY AVIATION INC | $1M | 867.9K | 0.02% | −0.8% | Held |
| 47 | — | REDBALL ACQUISITION CORP | $1M | 1.6M | 0.01% | −0.8% | Held |
| 48 | — | VERTICAL AEROSPACE LTD | $1M | 1.5M | 0.01% | −1.5% | Trimmed |
| 49 | AUROW | AURORA INNOVATION INC | $1M | 736.5K | 0.01% | −1.8% | Trimmed |
| 50 | — | HORIZON ACQUISITION CORPORAT | $770K | 1.2M | 0.01% | 0.0% | Held |
| 51 | — | AVANTI ACQUISITION CORP | $520K | 2.0M | 0.01% | 0.0% | Held |
| 52 | — | CAZOO GROUP LTD | $475K | 1.3M | 0.01% | 0.0% | Held |
| 53 | — | LIBERTY MEDIA ACQUISITION CO | $423K | 631.3K | 0.00% | −1.4% | Trimmed |
| 54 | — | SVF INVESTMENT CORP | $111K | 197.9K | 0.00% | −1.1% | Trimmed |
| 55 | — | HIPPO HLDGS INC | $68K | 199.5K | 0.00% | −0.3% | Held |
2 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 |
|---|---|---|---|
| PSTHUSD | PERSHING SQUARE TONTINE HLDG | $188M | 9.6M |
| GEN | NORTONLIFELOCK INC | $150M | 5.8M |
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.