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

According to the SEC 13F filed on Aug 13, 2026, the Baupost Group portfolio showed several notable changes in holdings as of quarter-end Sep 30, 2014. 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