Baupost Group 13F, Q4 2023
Seth Klarman · quarter ending 31 December 2023 · filed 13 February 2024 · SEC CIK 1061768
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q4 2023
Weights are against the whole filed book. Changes are in shares held, against the Q3 2023 filing.
| Company | Ticker | Value | % of book | vs Q3 2023 |
|---|---|---|---|---|
| LIBERTY GLOBAL LTD | $788.68M | 17.2% | new | |
| VIASAT INC | VSAT | $452.09M | 9.9% | unchanged |
| LIBERTY MEDIA CORP DEL | $427.41M | 9.3% | unchanged | |
| ALPHABET INC | GOOG | $415.68M | 9.1% | -23% shares |
| FIDELITY NATL INFORMATION SV | FIS | $382.09M | 8.3% | -9% shares |
| WILLIS TOWERS WATSON PLC LTD | $375.23M | 8.2% | unchanged | |
| WARNER BROS DISCOVERY INC | WBD | $287.18M | 6.3% | unchanged |
| CLARIVATE PLC | $236.13M | 5.2% | +13% shares | |
| LIBERTY MEDIA CORP DEL | $235.03M | 5.1% | unchanged | |
| CRH PLC | $231.38M | 5.0% | unchanged | |
| LIBERTY GLOBAL LTD | $127.84M | 2.8% | new | |
| JAZZ PHARMACEUTICALS PLC | $102.55M | 2.2% | +24% shares | |
| JACOBS SOLUTIONS INC | J | $94.47M | 2.1% | +49% shares |
| THERAVANCE BIOPHARMA INC | $83.39M | 1.8% | unchanged | |
| TOWER SEMICONDUCTOR LTD | $82.73M | 1.8% | -5% shares | |
| LIBERTY MEDIA CORP DEL | $69.43M | 1.5% | -4% shares | |
| SS&C TECHNOLOGIES HLDGS INC | SSNC | $62.85M | 1.4% | -55% shares |
| GRAY TELEVISION INC | GTN | $33.69M | 0.7% | unchanged |
| GARRETT MOTION INC | GTX | $28.95M | 0.6% | -50% shares |
| LIBERTY MEDIA CORP DEL | $26.86M | 0.6% | -62% shares | |
| HERBALIFE LTD | $25.63M | 0.6% | unchanged | |
| ALTICE USA INC | OPTU | $15.52M | 0.3% | unchanged |
| FINCH THERAPEUTICS GROUP INC | $243.0K | 0.0% | unchanged |
What changed since Q3 2023
Against the Q3 2023 filing, Baupost Group opened 2 new positions, added to 3, trimmed 7, left 11 unchanged and exited 11. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
- LIBERTY GLOBAL LTD$788.68M
- LIBERTY GLOBAL LTD$127.84M
Exited
- LIBERTY GLOBAL PLCwas $785.29M
- VERITIV CORPwas $561.48M
- LIBERTY GLOBAL PLCwas $123.17M
- DGwas $98.08M
- QRVOwas $89.32M
- COIN 0.5 06/01/26was $70.66M
- EDUwas $59.91M
- SEAGATE TECHNOLOGY HLDNGS PLwas $39.57M
and 3 more
Added to
- CLARIVATE PLC+13%$236.13M
- JAZZ PHARMACEUTICALS PLC+24%$102.55M
- J+49%$94.47M
Other quarters
Source: SEC Form 13F-HR, accession 0001567619-24-000192, 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.