Seth Klarman - Baupost Group 13F Activity & Position Changes (Q2 2017)

As of Jun 30, 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 Q2 2017, the filing reported:

New Buys - Avis Budget Group, Inc.

Increases - Antero Resources Corporation, Cardinal Health, Inc., Qorvo, Inc., Synchrony Financial

Reductions - Credit Acceptance Corporation, Cheniere Energy, Inc.

Complete Exits - Cencora, Inc., Innoviva, Inc., McKesson Corporation

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 2017	AR Antero Resources Corporation	Antero Resources Corporation	Buy	+6,665,115	+45.9%	$457.50K	21,170,996
Q2 2017	CACC Credit Acceptance Corporation	Credit Acceptance Corporation	Sell	-145,700	-59.6%	$25.38K	98,700
Q2 2017	CAH Cardinal Health, Inc.	Cardinal Health, Inc.	Buy	+1,000,000	+97.1%	$158.18K	2,030,000
Q2 2017	CAR Avis Budget Group, Inc.	Avis Budget Group, Inc.	Buy - Position Entry	+4,000,000	-	$109.08K	4,000,000
Q2 2017	COR Cencora, Inc.	Cencora, Inc.	Sell - Position Exit	-502,474	-100.0%	$0.00	-
Q2 2017	INVA Innoviva, Inc.	Innoviva, Inc.	Sell - Position Exit	-11,573,663	-100.0%	$0.00	-
Q2 2017	LNG Cheniere Energy, Inc.	Cheniere Energy, Inc.	Sell	-1,000,000	-4.6%	$1.01M	20,726,340
Q2 2017	MCK McKesson Corporation	McKesson Corporation	Sell - Position Exit	-1,000,000	-100.0%	$0.00	-
Q2 2017	QRVO Qorvo, Inc.	Qorvo, Inc.	Buy	+1,814,486	+25.3%	$569.88K	9,000,000
Q2 2017	SYF Synchrony Financial	Synchrony Financial	Buy	+11,630,030	+65.8%	$873.58K	29,295,030