Baupost Group 13F, Q3 2023
Seth Klarman · quarter ending 30 September 2023 · filed 13 November 2023 · SEC CIK 1061768
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q3 2023
The 25 largest of 32 positions. Weights are against the whole filed book. Changes are in shares held, against the Q2 2023 filing.
| Company | Ticker | Value | % of book | vs Q2 2023 |
|---|---|---|---|---|
| LIBERTY GLOBAL PLC | $785.29M | 15.1% | -6% shares | |
| VERITIV CORP | $561.48M | 10.8% | unchanged | |
| ALPHABET INC | GOOG | $505.19M | 9.7% | -7% shares |
| FIDELITY NATL INFORMATION SV | FIS | $384.69M | 7.4% | +3% shares |
| LIBERTY MEDIA CORP DEL | $378.11M | 7.3% | new | |
| WILLIS TOWERS WATSON PLC LTD | $325.07M | 6.2% | +72% shares | |
| VIASAT INC | VSAT | $298.59M | 5.7% | unchanged |
| WARNER BROS DISCOVERY INC | WBD | $274.05M | 5.3% | unchanged |
| LIBERTY MEDIA CORP DEL | $208.12M | 4.0% | new | |
| CRH PLC | $183.10M | 3.5% | new | |
| CLARIVATE PLC | $150.97M | 2.9% | new | |
| LIBERTY GLOBAL PLC | $123.17M | 2.4% | unchanged | |
| SS&C TECHNOLOGIES HLDGS INC | SSNC | $120.77M | 2.3% | -38% shares |
| DOLLAR GEN CORP NEW | DG | $98.08M | 1.9% | +283% shares |
| QORVO INC | QRVO | $89.32M | 1.7% | -64% shares |
| JAZZ PHARMACEUTICALS PLC | $87.20M | 1.7% | unchanged | |
| COINBASE GLOBAL INC | COIN 0.5 06/01/26 | $70.66M | 1.4% | -15% shares |
| TOWER SEMICONDUCTOR LTD | $70.00M | 1.3% | new | |
| JACOBS SOLUTIONS INC | J | $66.58M | 1.3% | new |
| THERAVANCE BIOPHARMA INC | $64.03M | 1.2% | unchanged | |
| LIBERTY MEDIA CORP DEL | $63.17M | 1.2% | new | |
| LIBERTY MEDIA CORP DEL | $61.07M | 1.2% | new | |
| NEW ORIENTAL ED & TECHNOLOGY | EDU | $59.91M | 1.1% | -75% shares |
| GARRETT MOTION INC | GTX | $47.18M | 0.9% | -77% shares |
| SEAGATE TECHNOLOGY HLDNGS PL | $39.57M | 0.8% | unchanged |
What changed since Q2 2023
Against the Q2 2023 filing, Baupost Group opened 8 new positions, added to 3, trimmed 10, left 11 unchanged and exited 5. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
- LIBERTY MEDIA CORP DEL$378.11M
- LIBERTY MEDIA CORP DEL$208.12M
- CRH PLC$183.10M
- CLARIVATE PLC$150.97M
- TOWER SEMICONDUCTOR LTD$70.00M
- J$66.58M
- LIBERTY MEDIA CORP DEL$63.17M
- LIBERTY MEDIA CORP DEL$61.07M
Exited
Other quarters
Source: SEC Form 13F-HR, accession 0001567619-23-007709, filed by BAUPOST GROUP LLC/MA. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.