WhaleCreep

Baupost Group LLC 13F holdings, Q3 2016

Hedge fundSEC filingsCompare with another fundHoldings as of 2016-09-30, filed 2016-11-14

Baupost Group LLC disclosed 44 US equity positions worth $7.0bn in its Q3 2016 13F filing. Its largest position is LNG at 17.3% of the reported book, followed by VSAT and SYF. Versus Q2 2016 it opened 12 new positions, added to 3, reduced 6 and exited 7.

$7.0bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
44
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
17.3%
Largest position
The largest single position as a share of the reported equity book.
69.3%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
14
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
104
Quarters on file since Q1 1999
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q2 2016: 12 new, 3 added, 6 reduced, 7 exited

44 rows
LNG CHENIERE ENERGY INCEnergy17.3%$1.2bn27.84m−6.7%reduced
VSAT VIASAT INCTechnology12.2%$861m11.53m0.0%held
SYF SYNCHRONY FINANCIALFinancial Services7.0%$492m17.57m–new
ALLERGAN PLC no ticker–6.6%$461m2.00m0.0%held
AR ANTERO RESOURCES CORPEnergy5.6%$391m14.51m0.0%held
PBF PBF ENERGY INCEnergy5.1%$356m15.72m+48%added
DELL DELL TECHNOLOGIES INCTechnology4.5%$318m6.65m–new
TWENTY FIRST CENTY FOX INC no ticker–4.4%$309m12.75m+66%added
TBPH THERAVANCE BIOPHARMA INCHealthcare3.8%$266m7.35m0.0%held
PYPL PAYPAL HLDGS INCFinancial Services2.9%$205m5.00m−12%reduced
TWENTY FIRST CENTY FOX INC no ticker–2.6%$180m7.28m0.0%held
INVA INNOVIVA INCHealthcare2.3%$164m14.93m−15%reduced
VRTVEUR VERITIV CORP–2.2%$153m3.04m0.0%held
KERYX BIOPHARMACEUTICALS INC no ticker–1.9%$137m25.79m0.0%held
NORTHSTAR ASSET MGMT GROUP I no ticker–1.8%$128m9.91m–new
OLN OLIN CORPBasic Materials1.8%$127m6.18m−42%reduced
VMWEUR VMWARE INC–1.7%$118m1.60m−29%reduced
ATRA ATARA BIOTHERAPEUTICS INCHealthcare1.6%$115m5.36m0.0%held
FORWARD PHARMA A/S no ticker–1.6%$113m5.37m0.0%held
LIBERTY INTERACTIVE CORP no ticker–1.4%$98.5m2.47m0.0%held
COLONY CAP INC no ticker–1.2%$81.0m4.45m–new
CHIPMOS TECH BERMUDA LTD no ticker–1.1%$74.3m3.75m0.0%held
NORTHSTAR RLTY FIN CORP no ticker–1.0%$72.4m5.50m–new
KLX INC no ticker–1.0%$70.4m2.00m0.0%held
SILVER RUN ACQUISITION CORP no ticker–0.8%$59.1m3.75m0.0%held
AMERICAN INTL GROUP INC no ticker–0.8%$55.0m2.59m+1.7%added
NG NOVAGOLD RESOURCES INCBasic Materials0.8%$53.2m9.50m0.0%held
LIBERTY MEDIA CORP DEL no ticker–0.7%$52.0m2.99m0.0%held
ODPEUR OFFICE DEPOT INC–0.7%$46.4m13.00m–new
CASCADIAN THERAPEUTICS INC no ticker–0.6%$41.0m25.00m0.0%held
THERAVANCE INC no ticker–0.6%$40.5m48.23m0.0%held
CONYERS PK ACQUISITION no ticker–0.5%$37.1m3.71m–new
PRTKEUR PARATEK PHARMACEUTICALS INC–0.4%$26.6m2.04m0.0%held
SABAN CAP ACQUISITION CORP no ticker–0.3%$23.5m2.33m–new
CACC CREDIT ACCEP CORP MICHFinancial Services0.3%$20.1m100,0000.0%held
RUN SUNRUN INCTechnology0.3%$17.9m2.85m0.0%held
KIN1USD KINDRED BIOSCIENCES INC–0.2%$15.0m3.01m−0.1%held
LIBERTY MEDIA CORP DEL no ticker–0.2%$14.0m800,0000.0%held
OREXIGEN THERAPEUTICS INC no ticker–0.1%$7.4m2.23m–new
TOBIRA THERAPEUTICS INC no ticker–0.09%$6.4m160,829–new
TMQ TRILOGY METALS INC NEWBasic Materials0.08%$5.8m10.60m–new
CITIGROUP INC no ticker–0.08%$5.4m102.55m0.0%held
SILVER RUN ACQUISITION CORP no ticker–0.07%$5.3m950,000−24%reduced
CONYERS PK ACQUISITION no ticker–0.02%$1.4m1.24m–new

Exited since Q2 2016

7 rows
E M C CORP MASS no ticker21.0%$1.5bn
C CITIGROUP INC3.0%$219m
CAR AVIS BUDGET GROUP INC0.8%$57.6m
SUNEDISON SEMICONDUCTOR LTD no ticker0.7%$49.7m
OCH ZIFF CAP MGMT GROUP no ticker0.2%$12.8m
OREXIGEN THERAPEUTICS INC no ticker0.1%$9.6m
NOVACOPPER INC no ticker0.07%$5.3m

Sector mix

  • Unclassified34.5%
  • Energy27.9%
  • Technology17.0%
  • Financial Services10.2%
  • Healthcare7.7%
  • Basic Materials2.6%

Book over time

Every quarter on file (104)
QuarterPositionsEquity book
Q2 202623$5.4bn
Q1 202622$5.1bn
Q4 202522$5.3bn
Q3 202522$4.8bn
Q2 202523$4.1bn
Q1 202523$3.5bn
Q4 202422$3.4bn
Q3 202421$3.5bn
Q2 202424$3.6bn
Q1 202422$3.7bn
Q4 202323$4.6bn
Q3 202332$5.2bn
Q2 202329$5.6bn
Q1 202330$5.8bn
Q4 202233$6.1bn
Q3 202245$5.8bn
Q2 202252$6.8bn
Q1 202255$9.3bn
Q4 202154$10.1bn
Q3 202157$10.9bn
Q2 202159$12.3bn
Q1 202159$12.6bn
Q4 202045$10.8bn
Q3 202037$9.3bn
Q2 202031$8.0bn
Q1 202033$6.8bn
Q4 201931$9.1bn
Q3 201932$8.8bn
Q2 201932$11.0bn
Q1 201935$11.9bn
Q4 201837$11.5bn
Q3 201838$13.1bn
Q2 201833$11.4bn
Q1 201833$10.4bn
Q4 201734$10.1bn
Q3 201737$8.0bn
Q2 201741$8.8bn
Q1 201743$8.5bn
Q4 201644$7.7bn
Q3 201644$7.0bn
Q2 201639$7.4bn
Q1 201636$6.9bn
Q4 201535$5.5bn
Q3 201541$6.0bn
Q2 201532$6.0bn
Q1 201528$6.0bn
Q4 201427$5.1bn
Q3 201427$5.7bn
Q2 201424$6.1bn
Q1 201420$4.1bn
Q4 201319$3.5bn
Q3 201320$3.5bn
Q2 201324$4.0bn
Q1 201318$1.7bn
Q4 201218$2.2bn
Q3 201219$2.4bn
Q2 201219$2.7bn
Q1 201217$1.8bn
Q4 201118$1.9bn
Q3 201118$1.7bn
Q2 201116$1.3bn
Q1 201114$1.2bn
Q4 201012$1.1bn
Q3 201014$1.1bn
Q2 201015$962m
Q1 201017$1.3bn
Q4 200918$1.3bn
Q3 200924$1.2bn
Q2 200927$928m
Q4 200840$888m
Q3 200843$1.1bn
Q2 200856$1.4bn
Q1 200861$1.3bn
Q4 200761$1.5bn
Q3 200734$782m
Q2 200738$800m
Q1 200728$631m
Q4 200627$637m
Q3 200626$635m
Q2 200625$514m
Q1 200616$482m
Q4 200512$373m
Q3 20058$292m
Q2 200510$289m
Q1 20055$78.7m
Q4 20046$35.6m
Q3 20046$61.7m
Q2 20045$32.7m
Q1 20047$61.4m
Q4 20038$39.2m
Q3 200313$67.7m
Q2 200314$83.7m
Q1 200331$167m
Q4 200231$167m
Q3 200239$206m
Q2 200234$336m
Q4 200045$596m
Q3 200046$990m
Q2 200051$880m
Q1 200041$732m
Q4 199944$602m
Q3 199933$525m
Q2 199925$308m
Q1 199916$226m

Where Baupost Group LLC was early

44 rows
EBAY EBAY INC.Q3 19991 of 1860.2%21.0%20Exited by Q4 2021+839%
GE GENERAL ELEC COQ3 19991 of 2422.3%6.5%4Exited by Q2 2002+21%
TEN1 TENNECO AUTOMOTIVE INCQ4 19991 of 893.6%3.6%2Exited by Q2 2000−15%
NHI NATIONAL HEALTH INVS INCQ2 20001 of 770.03%15.1%7Exited by Q2 2003+39%
WAB WABTEC CORPQ2 20001 of 1451.3%4.4%3Exited by Q2 2002+13%
PRSU VIAD CORPQ3 20041 of 8914.7%40.2%6Exited by Q1 2006+24%
CORE CORE MARK HOLDING CO INCQ4 20052 of 500.3%3.6%11Exited by Q3 2008−18%
JBSS SANFILIPPO JOHN B & SON INCQ1 20061 of 563.5%3.5%3Exited by Q4 2006−36%
HD HOME DEPOT INCQ3 20064 of 21220.5%20.5%4Exited by Q3 2007+8.5%
NFG NATIONAL FUEL GAS CO N JQ4 20061 of 1023.0%3.4%6Exited by Q2 2008+23%
SLM SLM CORPQ1 20072 of 12225.6%30.9%4Exited by Q1 2008−51%
ITRN ITURAN LOCATION AND CONTROLQ3 20071 of 460.9%2.7%24Exited by Q4 2013+53%
UNH UNITEDHEALTH GROUP INCQ2 20089 of 2998.8%8.8%2Exited by Q4 2008−3.3%
UFS DOMTAR CORPQ2 20091 of 725.8%13.3%6Exited by Q4 2010+95%
CPF CENTRAL PAC FINL CORPQ2 20112 of 591.9%1.9%10Exited by Q4 2013+26%
NG NOVAGOLD RES INCQ3 20112 of 701.8%4.9%29Exited by Q4 2018−36%
GNW GENWORTH FINL INCQ3 20115 of 1303.3%5.2%6Exited by Q2 2016−52%
ORCL ORACLE CORPQ2 201212 of 25617.5%17.7%6Exited by Q4 2013+12%
VSAT VIASAT INCQ2 20131 of 12619.5%20.0%49Exited by Q3 2025−80%
BP BP PLCQ2 20132 of 12619.3%19.3%4Exited by Q2 2014+15%
MU MICRON TECHNOLOGY INCQ2 20135 of 32014.8%32.0%21Exited by Q1 2023+249%
PBF PBF ENERGY INCQ3 20133 of 1530.6%7.4%19Exited by Q2 2018+51%
LNG CHENIERE ENERGY INCQ1 20146 of 1907.6%19.1%25Exited by Q2 2020−39%
KOS KOSMOS ENERGY LTDQ2 20141 of 1080.9%1.2%7Exited by Q1 2016−54%
TBPH THERAVANCE BIOPHARMA INCQ2 20141 of 963.1%4.2%41Exited by Q3 2024−47%
AR ANTERO RES CORPQ3 20142 of 1932.6%7.7%21Exited by Q4 2019−95%
ATRA ATARA BIOTHERAPEUTICS INCQ4 20141 of 771.2%4.2%36Exited by Q4 2023−94%
OLN OLIN CORPQ3 20153 of 1602.0%3.6%5Exited by Q4 2016+22%
PYPL PAYPAL HLDGS INCQ3 20159 of 3225.6%7.3%5Exited by Q4 2016+32%
INVA INNOVIVA INCQ1 20161 of 963.6%3.6%5Exited by Q2 2017+9.8%
DELL DELL TECHNOLOGIES INCQ3 201613 of 2744.5%4.8%5Exited by Q4 2017+62%
CAH CARDINAL HEALTH INCQ4 201610 of 1261.0%3.1%9Exited by Q1 2019−38%
QRVO QORVO INCQ1 201710 of 1735.8%9.7%27Exited by Q4 2023+39%
PCG PG&E CORPQ1 201816 of 2091.3%6.7%15Exited by Q4 2021−78%
FOXA FOX CORPQ1 20196 of 1728.4%11.2%9Exited by Q2 2021−1.6%
FOX FOX CORPQ1 20197 of 1031.7%2.3%9Exited by Q2 2021−2.6%
0VVB VIACOMCBS INCQ4 20191 of 2077.9%7.9%5Exited by Q1 2021−11%
DOC HEALTHPEAK PROPERTIES INCQ3 20208 of 1091.2%1.3%3Exited by Q2 2021+17%
ADV ADVANTAGE SOLUTIONS INCQ4 20205 of 631.5%1.5%12Exited by Q4 2023−78%
EDU NEW ORIENTAL ED & TECHNOLOGYQ2 20226 of 1062.4%3.6%6Exited by Q4 2023+188%
WBD WARNER BROS DISCOVERY INCQ2 20227 of 2333.6%6.5%8Exited by Q2 2024−35%
CRH CRH PLCQ3 202313 of 1863.5%8.7%10Exited by Q1 2026+128%
FTRE FORTREA HLDGS INCQ1 202411 of 1130.3%2.0%3Exited by Q4 2024−50%
SOLV SOLVENTUM CORPQ2 20246 of 1092.6%3.6%4Exited by Q2 2025+44%

Concentration and tenure

18.1%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
78.0%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
3
Median completed holding, quarters