Seth Klarman - Baupost Group 13F Activity & Position Changes (Q3 2015)

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, 2015. 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 2015, the filing reported:

New Buys - AerCap, Olin Corporation, PayPal Holdings, Inc., Sunrun Inc.

Increases - Antero Resources Corporation, Cheniere Energy, Inc.

Reductions - Micron Technology, Inc.

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 2015	AER AerCap	AerCap	Buy - Position Entry	+2,450,000	-	$93.69K	2,450,000
Q3 2015	AR Antero Resources Corporation	Antero Resources Corporation	Buy	+8,076,900	+100.7%	$340.67K	16,099,763
Q3 2015	LNG Cheniere Energy, Inc.	Cheniere Energy, Inc.	Buy	+7,304,500	+47.5%	$1.09M	22,669,730
Q3 2015	MU Micron Technology, Inc.	Micron Technology, Inc.	Sell	-18,706,035	-94.9%	$14.98K	1,000,000
Q3 2015	OLN Olin Corporation	Olin Corporation	Buy - Position Entry	+7,000,000	-	$117.67K	7,000,000
Q3 2015	PYPL PayPal Holdings, Inc.	PayPal Holdings, Inc.	Buy - Position Entry	+10,904,852	-	$338.49K	10,904,852
Q3 2015	RUN Sunrun Inc.	Sunrun Inc.	Buy - Position Entry	+1,170,910	-	$12.14K	1,170,910