Seth Klarman - Baupost Group 13F Activity & Position Changes (Q1 2023)

As of Mar 31, 2023, the Baupost Group portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 12, 2023. 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 2023, the filing reported:

New Buys - Seagate Technology, Skyworks Solutions, Inc.

Increases - Altice USA, Inc., Fidelity National Information S, Alphabet Inc., Gray Television, Inc.

Reductions - DigitalBridge Group, Inc., New Oriental Education & Techno, Fiserv, Inc., Herbalife, Lithia Motors, Inc., and 5 more

Complete Exits - Amazon.com, Inc., Meta Platforms, Inc., Micron Technology, Inc., Nuvation Bio Inc., Outbrain Inc.

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 2023	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell - Position Exit	-990,000	-100.0%	$0.00	-
Q1 2023	ATUS Altice USA, Inc.	Altice USA, Inc.	Buy	+894,415	+23.1%	$16.33K	4,774,615
Q1 2023	DBRG DigitalBridge Group, Inc.	DigitalBridge Group, Inc.	Sell	-1,967,799	-61.5%	$14.79K	1,233,914
Q1 2023	EDU New Oriental Education & Techno	New Oriental Education & Techno	Sell	-375,144	-6.5%	$209.22K	5,418,784
Q1 2023	FI Fiserv, Inc.	Fiserv, Inc.	Sell	-1,469,009	-73.4%	$60.29K	533,382
Q1 2023	FIS Fidelity National Information S	Fidelity National Information S	Buy	+2,686,549	+124.7%	$263.04K	4,841,549
Q1 2023	G4412G101 Herbalife	Herbalife	Sell	-45,800	-2.3%	$31.46K	1,954,200
Q1 2023	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+1,857,500	+46.5%	$608.59K	5,851,780
Q1 2023	GTN Gray Television, Inc.	Gray Television, Inc.	Buy	+250,000	+7.1%	$32.79K	3,760,000
Q1 2023	LAD Lithia Motors, Inc.	Lithia Motors, Inc.	Sell	-184,957	-74.0%	$14.89K	65,043
Q1 2023	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell - Position Exit	-1,727,851	-100.0%	$0.00	-
Q1 2023	MU Micron Technology, Inc.	Micron Technology, Inc.	Sell - Position Exit	-3,285,974	-100.0%	$0.00	-
Q1 2023	NUVB Nuvation Bio Inc.	Nuvation Bio Inc.	Sell - Position Exit	-4,808,194	-100.0%	$0.00	-
Q1 2023	OB Outbrain Inc.	Outbrain Inc.	Sell - Position Exit	-153,231	-100.0%	$0.00	-
Q1 2023	QRVO Qorvo, Inc.	Qorvo, Inc.	Sell	-1,082,153	-18.9%	$472.25K	4,649,504
Q1 2023	SSNC SS&C Technologies Holdings, Inc	SS&C Technologies Holdings, Inc	Sell	-498,319	-13.2%	$184.91K	3,274,430
Q1 2023	STX Seagate Technology	Seagate Technology	Buy - Position Entry	+136,077	-	$9.00K	136,077
Q1 2023	SWKS Skyworks Solutions, Inc.	Skyworks Solutions, Inc.	Buy - Position Entry	+703,865	-	$83.04K	703,865
Q1 2023	TMQ Trilogy Metals Inc.	Trilogy Metals Inc.	Sell	-3,718,939	-46.5%	$2.28K	4,271,542
Q1 2023	WBD Warner Bros. Discovery, Inc. -	Warner Bros. Discovery, Inc. -	Sell	-5,764,906	-18.6%	$381.05K	25,235,094
Q1 2023	WTW Willis Towers Watson	Willis Towers Watson	Sell	-422,241	-33.0%	$199.54K	858,667