Seth Klarman - Baupost Group 13F Activity & Position Changes (Q3 2018)

As of Sep 30, 2018, 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 2018, the filing reported:

New Buys - YPF Sociedad Anonima

Increases - Cencora, Inc., McKesson Corporation, Pacific Gas & Electric Co.

Reductions - Cardinal Health, Inc., Synchrony Financial

Complete Exits - AT&T 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
Q3 2018	CAH Cardinal Health, Inc.	Cardinal Health, Inc.	Sell	-361,515	-7.1%	$255.88K	4,738,485
Q3 2018	COR Cencora, Inc.	Cencora, Inc.	Buy	+877,491	+46.8%	$253.70K	2,751,056
Q3 2018	MCK McKesson Corporation	McKesson Corporation	Buy	+548,000	+33.7%	$288.61K	2,175,700
Q3 2018	PCG Pacific Gas & Electric Co.	Pacific Gas & Electric Co.	Buy	+14,479,790	+321.8%	$873.26K	18,979,790
Q3 2018	SYF Synchrony Financial	Synchrony Financial	Sell	-12,962,101	-44.2%	$507.63K	16,332,929
Q3 2018	T AT&T Inc.	AT&T Inc.	Sell - Position Exit	-9,480,700	-100.0%	$0.00	-
Q3 2018	YPF YPF Sociedad Anonima	YPF Sociedad Anonima	Buy - Position Entry	+6,000,000	-	$92.70K	6,000,000