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

As of Mar 31, 2017, 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 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