Seth Klarman - Baupost Group 13F Activity & Position Changes (Q4 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 Dec 31, 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 Q4 2014, the filing reported:

New Buys - None reported

Increases - Antero Resources Corporation, eBay Inc., Cheniere Energy, Inc., PBF Energy Inc.

Reductions - Micron Technology, Inc.

Complete Exits - Boyd Gaming Corporation

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
Q4 2014	AR Antero Resources Corporation	Antero Resources Corporation	Buy	+5,088,321	+184.4%	$318.46K	7,847,831
Q4 2014	BYD Boyd Gaming Corporation	Boyd Gaming Corporation	Sell - Position Exit	-979,476	-100.0%	$0.00	-
Q4 2014	EBAY eBay Inc.	eBay Inc.	Buy	+3,218,293	+52.8%	$522.76K	9,315,000
Q4 2014	LNG Cheniere Energy, Inc.	Cheniere Energy, Inc.	Buy	+2,608,200	+23.3%	$972.03K	13,807,230
Q4 2014	MU Micron Technology, Inc.	Micron Technology, Inc.	Sell	-31,949,399	-61.9%	$689.91K	19,706,035
Q4 2014	PBF PBF Energy Inc.	PBF Energy Inc.	Buy	+1,517,696	+21.2%	$230.78K	8,663,114