Seth Klarman - Baupost Group 13F Activity & Position Changes (Q3 2017)

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, 2017. 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 2017, the filing reported:

New Buys - Cencora, Inc., McKesson Corporation

Increases - Antero Resources Corporation, Cardinal Health, Inc.

Reductions - Avis Budget Group, Inc.

Complete Exits - Credit Acceptance Corporation, QUALCOMM Incorporated

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 2017	AR Antero Resources Corporation	Antero Resources Corporation	Buy	+2,741,261	+12.9%	$475.85K	23,912,257
Q3 2017	CACC Credit Acceptance Corporation	Credit Acceptance Corporation	Sell - Position Exit	-98,700	-100.0%	$0.00	-
Q3 2017	CAH Cardinal Health, Inc.	Cardinal Health, Inc.	Buy	+500,000	+24.6%	$169.31K	2,530,000
Q3 2017	CAR Avis Budget Group, Inc.	Avis Budget Group, Inc.	Sell	-2,963,100	-74.1%	$39.46K	1,036,900
Q3 2017	COR Cencora, Inc.	Cencora, Inc.	Buy - Position Entry	+188,850	-	$15.63K	188,850
Q3 2017	MCK McKesson Corporation	McKesson Corporation	Buy - Position Entry	+500,000	-	$76.81K	500,000
Q3 2017	QCOM QUALCOMM Incorporated	QUALCOMM Incorporated	Sell - Position Exit	-5,216,000	-100.0%	$0.00	-