Seth Klarman - Baupost Group 13F Activity & Position Changes (Q2 2018)

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, 2018. 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 2018, the filing reported:

New Buys - AT&T Inc.

Increases - Cencora, Inc., McKesson Corporation, Pacific Gas & Electric Co., Trilogy Metals Inc., ViaSat, Inc.

Reductions - Cheniere Energy, Inc.

Complete Exits - PBF Energy 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 2018	COR Cencora, Inc.	Cencora, Inc.	Buy	+556,349	+42.2%	$159.76K	1,873,565
Q2 2018	LNG Cheniere Energy, Inc.	Cheniere Energy, Inc.	Sell	-6,530,205	-31.5%	$925.45K	14,196,135
Q2 2018	MCK McKesson Corporation	McKesson Corporation	Buy	+12,000	+0.7%	$217.13K	1,627,700
Q2 2018	PBF PBF Energy Inc.	PBF Energy Inc.	Sell - Position Exit	-7,924,175	-100.0%	$0.00	-
Q2 2018	PCG Pacific Gas & Electric Co.	Pacific Gas & Electric Co.	Buy	+1,350,028	+42.9%	$191.52K	4,500,000
Q2 2018	T AT&T Inc.	AT&T Inc.	Buy - Position Entry	+9,480,700	-	$304.43K	9,480,700
Q2 2018	TMQ Trilogy Metals Inc.	Trilogy Metals Inc.	Buy	+2,450,000	+23.1%	$23.16K	13,050,758
Q2 2018	VSAT ViaSat, Inc.	ViaSat, Inc.	Buy	+73,931	+0.5%	$902.47K	13,732,068