Seth Klarman - Baupost Group 13F Activity & Position Changes (Q2 2020)

As of Jun 30, 2020, the Baupost Group portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 13, 2020. 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 2020, the filing reported:

New Buys - HCA Healthcare, Inc., SS&C Technologies Holdings, Inc, Verint Systems Inc., Ventas, Inc.

Increases - Qorvo, Inc.

Reductions - Akebia Therapeutics, Inc., Cencora, Inc., Alphabet Inc., HP Inc., Meta Platforms, Inc., and 3 more

Complete Exits - Cars.com Inc., Energy Transfer LP, Cheniere Energy, Inc., Spirit Aerosystems Holdings, In, XPO, 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 2020	AKBA Akebia Therapeutics, Inc.	Akebia Therapeutics, Inc.	Sell	-2,527,968	-14.4%	$203.70K	15,000,000
Q2 2020	CARS Cars.com Inc.	Cars.com Inc.	Sell - Position Exit	-3,000,000	-100.0%	$0.00	-
Q2 2020	COR Cencora, Inc.	Cencora, Inc.	Sell	-468,149	-50.0%	$47.17K	468,150
Q2 2020	ET Energy Transfer LP	Energy Transfer LP	Sell - Position Exit	-12,105,005	-100.0%	$0.00	-
Q2 2020	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-85,820	-28.6%	$303.47K	214,680
Q2 2020	HCA HCA Healthcare, Inc.	HCA Healthcare, Inc.	Buy - Position Entry	+1,000,000	-	$97.06K	1,000,000
Q2 2020	HPQ HP Inc.	HP Inc.	Sell	-1,999,319	-10.0%	$313.75K	18,000,681
Q2 2020	LNG Cheniere Energy, Inc.	Cheniere Energy, Inc.	Sell - Position Exit	-8,124,235	-100.0%	$0.00	-
Q2 2020	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-1,132,500	-57.1%	$193.35K	851,500
Q2 2020	PARA Paramount Global	Paramount Global	Sell	-3,662,415	-16.3%	$439.29K	18,837,585
Q2 2020	PCG Pacific Gas & Electric Co.	Pacific Gas & Electric Co.	Sell	-5,000,000	-51.5%	$41.71K	4,702,443
Q2 2020	QRVO Qorvo, Inc.	Qorvo, Inc.	Buy	+2,600	+0.1%	$338.78K	3,065,086
Q2 2020	SPR Spirit Aerosystems Holdings, In	Spirit Aerosystems Holdings, In	Sell - Position Exit	-1,067,781	-100.0%	$0.00	-
Q2 2020	SSNC SS&C Technologies Holdings, Inc	SS&C Technologies Holdings, Inc	Buy - Position Entry	+140,516	-	$7.94K	140,516
Q2 2020	VIST Vista Energy S.A.B. de C.V.	Vista Energy S.A.B. de C.V.	Sell	-213,291	-3.5%	$18.18K	5,961,709
Q2 2020	VRNT Verint Systems Inc.	Verint Systems Inc.	Buy - Position Entry	+616,328	-	$27.85K	616,328
Q2 2020	VTR Ventas, Inc.	Ventas, Inc.	Buy - Position Entry	+550,000	-	$20.14K	550,000
Q2 2020	XPO XPO, Inc.	XPO, Inc.	Sell - Position Exit	-845,877	-100.0%	$0.00	-