Seth Klarman’s portfolio: Baupost Group 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001061768Latest: Q2 2026
Q1 2023 filing in brief
In its Q1 2023 13F, filed May 12, 2023, Baupost Group reported $5.8B across 31 US positions. The largest: LIBERTY GLOBAL PLC (16.6%), GOOG (10.4%), VSAT (9.4%), QRVO (8.1%), VRTVEUR (7.7%). In the quarter it opened 3 positions, sold out of 6, added to 9 and trimmed 11; positions opened and sold out came to 10.6% 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 12, 2023
- 3 New
- 9 Added
- 11 Trimmed
- 6 Exited
31 positions at March 31, 2023. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | — | LIBERTY GLOBAL PLC | $968M | 47.5M | 16.56% | 0.0% | Held |
| 2 | GOOG | ALPHABET INC | $609M | 5.9M | 10.41% | +46.5% | Added |
| 3 | VSAT | VIASAT INC | $551M | 16.3M | 9.43% | 0.0% | Held |
| 4 | QRVO | QORVO INC | $472M | 4.6M | 8.08% | −18.9% | Trimmed |
| 5 | VRTVEUR | VERITIV CORP | $449M | 3.3M | 7.68% | 0.0% | Held |
| 6 | LSXMKUSD | LIBERTY MEDIA CORP DEL | $416M | 14.9M | 7.11% | +8.8% | Added |
| 7 | WBD | WARNER BROS DISCOVERY INC | $381M | 25.2M | 6.52% | −18.6% | Trimmed |
| 8 | FIS | FIDELITY NATL INFORMATION SV | $263M | 4.8M | 4.50% | +124.7% | Added |
| 9 | LM03 | LIBERTY MEDIA CORP DEL | $230M | 8.2M | 3.93% | +6.5% | Added |
| 10 | GTX 11 PERP A | GARRETT MOTION INC | $227M | 25.5M | 3.87% | 0.0% | Held |
| 11 | EDU | NEW ORIENTAL ED & TECHNOLOGY | $209M | 5.4M | 3.58% | −6.5% | Trimmed |
| 12 | — | WILLIS TOWERS WATSON PLC LTD | $200M | 858.7K | 3.41% | −33.0% | Trimmed |
| 13 | SSNC | SS&C TECHNOLOGIES HLDGS INC | $185M | 3.3M | 3.16% | −13.2% | Trimmed |
| 14 | — | LIBERTY GLOBAL PLC | $140M | 7.2M | 2.40% | 0.0% | Held |
| 15 | — | THERAVANCE BIOPHARMA INC | $113M | 10.4M | 1.93% | −8.8% | Trimmed |
| 16 | SWKS | SKYWORKS SOLUTIONS INC | $83M | 703.9K | 1.42% | — | New |
| 17 | — | JAZZ PHARMACEUTICALS PLC | $70M | 478.7K | 1.20% | — | New |
| 18 | FISV | FISERV INC | $60M | 533.4K | 1.03% | −73.4% | Trimmed |
| 19 | GTN | GRAY TELEVISION INC | $33M | 3.8M | 0.56% | +7.1% | Added |
| 20 | — | HERBALIFE NUTRITION LTD | $31M | 2.0M | 0.54% | −2.3% | Trimmed |
| 21 | COIN 0.5 06/01/26 | COINBASE GLOBAL INC | $29M | 45.3M | 0.50% | +79.2% | Added |
| 22 | GTX | GARRETT MOTION INC | $27M | 3.6M | 0.47% | 0.0% | Held |
| 23 | ATRAGBX | ATARA BIOTHERAPEUTICS INC | $26M | 9.1M | 0.45% | +12.3% | Added |
| 24 | — | ADVANTAGE SOLUTIONS INC | $17M | 11.0M | 0.29% | 0.0% | Held |
| 25 | OPTU | ALTICE USA INC | $16M | 4.8M | 0.28% | +23.1% | Added |
| 26 | LAD | LITHIA MTRS INC | $15M | 65.0K | 0.25% | −74.0% | Trimmed |
| 27 | DBRG | DIGITALBRIDGE GROUP INC | $15M | 1.2M | 0.25% | −61.5% | Trimmed |
| 28 | — | SEAGATE TECHNOLOGY HLDNGS PL | $9M | 136.1K | 0.15% | — | New |
| 29 | TMQ | TRILOGY METALS INC NEW | $2M | 4.3M | 0.04% | −46.5% | Trimmed |
| 30 | — | FINCH THERAPEUTICS GROUP INC | $793K | 2.0M | 0.01% | +98.1% | Added |
| 31 | — | HORIZON ACQUISITION CORPORAT | $0 | 2 | 0.00% | 0.0% | Held |
6 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.