Seth Klarman - Baupost Group 13F Activity & Position Changes (Q2 2015)

According to the SEC 13F filed on Aug 13, 2026, the Baupost Group portfolio showed several notable changes in holdings as of quarter-end Jun 30, 2015. 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 Q2 2015, the filing reported:

New Buys - None reported

Increases - Cheniere Energy, Inc., PBF Energy Inc.

Reductions - Antero Resources Corporation

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
Q2 2015	AR Antero Resources Corporation	Antero Resources Corporation	Sell	-1,324,837	-14.2%	$275.50K	8,022,863
Q2 2015	LNG Cheniere Energy, Inc.	Cheniere Energy, Inc.	Buy	+1,558,000	+11.3%	$1.06M	15,365,230
Q2 2015	PBF PBF Energy Inc.	PBF Energy Inc.	Buy	+2,361,886	+27.3%	$313.33K	11,025,000