Seth Klarman - Baupost Group 13F Activity & Position Changes (Q1 2017)

According to the SEC 13F filed on Aug 13, 2026, the Baupost Group portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2017. 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 2017, the filing reported:

New Buys - QUALCOMM Incorporated, Qorvo, Inc.

Increases - None reported

Reductions - Innoviva, Inc., Synchrony Financial

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 2017	INVA Innoviva, Inc.	Innoviva, Inc.	Sell	-3,357,820	-22.5%	$160.06K	11,573,663
Q1 2017	QCOM QUALCOMM Incorporated	QUALCOMM Incorporated	Buy - Position Entry	+5,216,000	-	$299.08K	5,216,000
Q1 2017	QRVO Qorvo, Inc.	Qorvo, Inc.	Buy - Position Entry	+7,185,514	-	$492.64K	7,185,514
Q1 2017	SYF Synchrony Financial	Synchrony Financial	Sell	-3,000,000	-14.5%	$605.91K	17,665,000