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

As of Jun 30, 2018, 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 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