Seth Klarman - Baupost Group 13F Activity & Position Changes (Q1 2014)

As of Mar 31, 2014, the Baupost Group portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 14, 2026. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q1 2014, the filing reported:

New Buys - Cheniere Energy, Inc.

Increases - PBF Energy Inc., ViaSat, Inc.

Reductions - BP p.l.c.

Complete Exits - None reported

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2014	BP BP p.l.c.	BP p.l.c.	Sell	-2,500,000	-44.1%	$152.30K	3,166,413
Q1 2014	LNG Cheniere Energy, Inc.	Cheniere Energy, Inc.	Buy - Position Entry	+5,660,000	-	$313.28K	5,660,000
Q1 2014	PBF PBF Energy Inc.	PBF Energy Inc.	Buy	+3,440,000	+174.0%	$139.75K	5,416,606
Q1 2014	VSAT ViaSat, Inc.	ViaSat, Inc.	Buy	+266,700	+2.4%	$786.77K	11,395,900