Seth Klarman’s portfolio: Baupost Group 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001061768Latest: Q2 2026
Q2 2023 filing in brief
In its Q2 2023 13F, filed August 11, 2023, Baupost Group reported $5.6B across 29 US positions. The largest: LIBERTY GLOBAL PLC (14.2%), VSAT (12.0%), GOOG (8.9%), LSXMKUSD (8.7%), VRTVEUR (7.4%). In the quarter it opened 5 positions, sold out of 7, added to 8 and trimmed 7; 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 Aug 11, 2023
- 5 New
- 8 Added
- 7 Trimmed
- 7 Exited
29 positions at June 30, 2023. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | — | LIBERTY GLOBAL PLC | $800M | 45.0M | 14.24% | −5.3% | Trimmed |
| 2 | VSAT | VIASAT INC | $672M | 16.3M | 11.97% | 0.0% | Held |
| 3 | GOOG | ALPHABET INC | $498M | 4.1M | 8.88% | −29.6% | Trimmed |
| 4 | LSXMKUSD | LIBERTY MEDIA CORP DEL | $486M | 14.9M | 8.66% | 0.0% | Held |
| 5 | VRTVEUR | VERITIV CORP | $418M | 3.3M | 7.44% | 0.0% | Held |
| 6 | FIS | FIDELITY NATL INFORMATION SV | $371M | 6.8M | 6.60% | +39.9% | Added |
| 7 | WBD | WARNER BROS DISCOVERY INC | $316M | 25.2M | 5.64% | 0.0% | Held |
| 8 | LM03 | LIBERTY MEDIA CORP DEL | $268M | 8.2M | 4.78% | 0.0% | Held |
| 9 | QRVO | QORVO INC | $267M | 2.6M | 4.76% | −43.7% | Trimmed |
| 10 | SSNC | SS&C TECHNOLOGIES HLDGS INC | $225M | 3.7M | 4.02% | +13.6% | Added |
| 11 | — | WILLIS TOWERS WATSON PLC LTD | $213M | 902.4K | 3.78% | +5.1% | Added |
| 12 | GTX | GARRETT MOTION INC | $197M | 26.1M | 3.51% | +629.2% | Added |
| 13 | EDU | NEW ORIENTAL ED & TECHNOLOGY | $163M | 4.1M | 2.90% | −24.0% | Trimmed |
| 14 | AMZN | AMAZON COM INC | $126M | 963.9K | 2.24% | — | New |
| 15 | — | LIBERTY GLOBAL PLC | $121M | 7.2M | 2.16% | 0.0% | Held |
| 16 | — | JAZZ PHARMACEUTICALS PLC | $84M | 673.7K | 1.49% | +40.7% | Added |
| 17 | COIN 0.5 06/01/26 | COINBASE GLOBAL INC | $83M | 110.3M | 1.48% | +143.6% | Added |
| 18 | — | THERAVANCE BIOPHARMA INC | $77M | 7.4M | 1.37% | −28.8% | Trimmed |
| 19 | DG | DOLLAR GEN CORP NEW | $41M | 242.0K | 0.73% | — | New |
| 20 | — | SEAGATE TECHNOLOGY HLDNGS PL | $37M | 600.0K | 0.66% | +340.9% | Added |
| 21 | UNP | UNION PAC CORP | $36M | 175.0K | 0.64% | — | New |
| 22 | GTN | GRAY TELEVISION INC | $30M | 3.8M | 0.53% | 0.0% | Held |
| 23 | — | HERBALIFE LTD | $26M | 2.0M | 0.46% | 0.0% | Held |
| 24 | — | ADVANTAGE SOLUTIONS INC | $25M | 10.7M | 0.44% | −3.2% | Trimmed |
| 25 | ATRAGBX | ATARA BIOTHERAPEUTICS INC | $16M | 9.8M | 0.28% | +7.1% | Added |
| 26 | OPTU | ALTICE USA INC | $14M | 4.8M | 0.26% | 0.0% | Held |
| 27 | — | CRH PLC | $3M | 56.5K | 0.06% | — | New |
| 28 | TMQ | TRILOGY METALS INC NEW | $2M | 3.4M | 0.04% | −20.2% | Trimmed |
| 29 | FNCHQ | FINCH THERAPEUTICS GROUP INC | $574K | 67.3K | 0.01% | — | New |
7 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 |
|---|---|---|---|
| GTX 11 PERP A | GARRETT MOTION INC | $227M | 25.5M |
| SWKS | SKYWORKS SOLUTIONS INC | $83M | 703.9K |
| FISV | FISERV INC | $60M | 533.4K |
| LAD | LITHIA MTRS INC | $15M | 65.0K |
| DBRG | DIGITALBRIDGE GROUP INC | $15M | 1.2M |
| — | FINCH THERAPEUTICS GROUP INC | $793K | 2.0M |
| — | HORIZON ACQUISITION CORPORAT | $0 | 2 |
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.