Seth Klarman - Baupost Group 13F Activity & Position Changes (Q2 2016)

As of Jun 30, 2016, 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 Q2 2016, the filing reported:

New Buys - Citigroup, Inc., Credit Acceptance Corporation, Avis Budget Group, Inc.

Increases - None reported

Reductions - Antero Resources Corporation, Innoviva, Inc., Novagold Resources Inc., PayPal Holdings, Inc.

Complete Exits - Genworth Financial 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
Q2 2016	AR Antero Resources Corporation	Antero Resources Corporation	Sell	-7,000,000	-32.5%	$376.86K	14,505,881
Q2 2016	C Citigroup, Inc.	Citigroup, Inc.	Buy - Position Entry	+5,167,000	-	$219.03K	5,167,000
Q2 2016	CACC Credit Acceptance Corporation	Credit Acceptance Corporation	Buy - Position Entry	+100,000	-	$18.51K	100,000
Q2 2016	CAR Avis Budget Group, Inc.	Avis Budget Group, Inc.	Buy - Position Entry	+1,787,227	-	$57.60K	1,787,227
Q2 2016	GNW Genworth Financial Inc	Genworth Financial Inc	Sell - Position Exit	-1,699,195	-100.0%	$0.00	-
Q2 2016	INVA Innoviva, Inc.	Innoviva, Inc.	Sell	-2,205,892	-11.1%	$185.43K	17,610,091
Q2 2016	NG Novagold Resources Inc.	Novagold Resources Inc.	Sell	-5,500,000	-36.7%	$58.14K	9,500,000
Q2 2016	PYPL PayPal Holdings, Inc.	PayPal Holdings, Inc.	Sell	-1,395,658	-19.8%	$206.80K	5,664,087