Seth Klarman - Baupost Group 13F Activity & Position Changes (Q3 2014)

As of Sep 30, 2014, 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 Q3 2014, the filing reported:

New Buys - Antero Resources Corporation

Increases - eBay Inc., Cheniere Energy, Inc., PBF Energy Inc.

Reductions - Boyd Gaming Corporation

Complete Exits - None reported

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
Q3 2014	AR Antero Resources Corporation	Antero Resources Corporation	Buy - Position Entry	+2,759,510	-	$151.47K	2,759,510
Q3 2014	BYD Boyd Gaming Corporation	Boyd Gaming Corporation	Sell	-1,815,154	-65.0%	$9.95K	979,476
Q3 2014	EBAY eBay Inc.	eBay Inc.	Buy	+1,660,407	+37.4%	$345.26K	6,096,707
Q3 2014	LNG Cheniere Energy, Inc.	Cheniere Energy, Inc.	Buy	+5,211,100	+87.0%	$896.26K	11,199,030
Q3 2014	PBF PBF Energy Inc.	PBF Energy Inc.	Buy	+1,550,132	+27.7%	$171.49K	7,145,418