Seth Klarman - Baupost Group 13F Activity & Position Changes (Q1 2021)

As of Mar 31, 2021, the Baupost Group portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 14, 2021. 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 2021, the filing reported:

New Buys - Cullinan Therapeutics, Inc., International Flavors & Fragran, Nuvation Bio Inc., Willis Towers Watson

Increases - Healthpeak Properties, Inc., Alphabet Inc., Intel Corporation, Meta Platforms, Inc., Micron Technology, Inc., and 3 more

Reductions - eBay Inc., FNF Group of Fidelity National , Fox Corporation

Complete Exits - Marathon Petroleum Corporation, Paramount Global, Vista Energy S.A.B. de C.V.

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 2021	CGEM Cullinan Therapeutics, Inc.	Cullinan Therapeutics, Inc.	Buy - Position Entry	+1,835,560	-	$71.70K	1,835,560
Q1 2021	DOC Healthpeak Properties, Inc.	Healthpeak Properties, Inc.	Buy	+966,711	+24.2%	$157.65K	4,966,911
Q1 2021	EBAY eBay Inc.	eBay Inc.	Sell	-12,790,800	-41.1%	$1.12M	18,324,423
Q1 2021	FNF FNF Group of Fidelity National	FNF Group of Fidelity National	Sell	-763,065	-20.1%	$123.48K	3,036,935
Q1 2021	FOXA Fox Corporation	Fox Corporation	Sell	-14,576,132	-65.7%	$274.83K	7,610,818
Q1 2021	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+211,350	+265.6%	$601.83K	290,930
Q1 2021	IFF International Flavors & Fragran	International Flavors & Fragran	Buy - Position Entry	+2,100,000	-	$293.18K	2,100,000
Q1 2021	INTC Intel Corporation	Intel Corporation	Buy	+5,119,765	+28.2%	$1.49M	23,305,334
Q1 2021	META Meta Platforms, Inc.	Meta Platforms, Inc.	Buy	+377,000	+41.0%	$382.00K	1,297,000
Q1 2021	MPC Marathon Petroleum Corporation	Marathon Petroleum Corporation	Sell - Position Exit	-7,690,721	-100.0%	$0.00	-
Q1 2021	MU Micron Technology, Inc.	Micron Technology, Inc.	Buy	+201,416	+3.9%	$478.40K	5,423,416
Q1 2021	NUVB Nuvation Bio Inc.	Nuvation Bio Inc.	Buy - Position Entry	+8,623,021	-	$82.38K	8,623,021
Q1 2021	PARA Paramount Global	Paramount Global	Sell - Position Exit	-4,700,000	-100.0%	$0.00	-
Q1 2021	QRVO Qorvo, Inc.	Qorvo, Inc.	Buy	+784,371	+17.7%	$954.51K	5,224,466
Q1 2021	SSNC SS&C Technologies Holdings, Inc	SS&C Technologies Holdings, Inc	Buy	+501,108	+15.2%	$265.99K	3,806,892
Q1 2021	VIST Vista Energy S.A.B. de C.V.	Vista Energy S.A.B. de C.V.	Sell - Position Exit	-1,951,132	-100.0%	$0.00	-
Q1 2021	VRNT Verint Systems Inc.	Verint Systems Inc.	Buy	+749,798	+32.7%	$138.28K	3,039,798
Q1 2021	WTW Willis Towers Watson	Willis Towers Watson	Buy - Position Entry	+2,500,000	-	$572.20K	2,500,000