Seth Klarman - Baupost Group 13F Activity & Position Changes (Q4 2020)

According to the SEC 13F filed on Feb 12, 2021, the Baupost Group portfolio showed several notable changes in holdings as of quarter-end Dec 31, 2020. 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 2020, the filing reported:

New Buys - Advantage Solutions Inc., FNF Group of Fidelity National , Intel Corporation, Marathon Petroleum Corporation

Increases - Healthpeak Properties, Inc., eBay Inc., Meta Platforms, Inc., Qorvo, Inc., SS&C Technologies Holdings, Inc

Reductions - Fox Corporation, Alphabet Inc., Paramount Global, Vista Energy S.A.B. de C.V.

Complete Exits - Applied Materials, Inc., HP Inc., Howmet Aerospace Inc., McKesson 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 2020	ADV Advantage Solutions Inc.	Advantage Solutions Inc.	Buy - Position Entry	+12,500,000	-	$161.22K	12,500,000
Q4 2020	AMAT Applied Materials, Inc.	Applied Materials, Inc.	Sell - Position Exit	-2,306,601	-100.0%	$0.00	-
Q4 2020	DOC Healthpeak Properties, Inc.	Healthpeak Properties, Inc.	Buy	+200	+0.0%	$120.93K	4,000,200
Q4 2020	EBAY eBay Inc.	eBay Inc.	Buy	+1,000,000	+3.3%	$1.56M	31,115,223
Q4 2020	FNF FNF Group of Fidelity National	FNF Group of Fidelity National	Buy - Position Entry	+3,800,000	-	$148.54K	3,800,000
Q4 2020	FOXA Fox Corporation	Fox Corporation	Sell	-4,785,770	-17.7%	$646.08K	22,186,950
Q4 2020	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-75,000	-48.5%	$139.41K	79,580
Q4 2020	HPQ HP Inc.	HP Inc.	Sell - Position Exit	-13,300,000	-100.0%	$0.00	-
Q4 2020	HWM Howmet Aerospace Inc.	Howmet Aerospace Inc.	Sell - Position Exit	-4,603,800	-100.0%	$0.00	-
Q4 2020	INTC Intel Corporation	Intel Corporation	Buy - Position Entry	+18,185,569	-	$906.00K	18,185,569
Q4 2020	MCK McKesson Corporation	McKesson Corporation	Sell - Position Exit	-1,669,181	-100.0%	$0.00	-
Q4 2020	META Meta Platforms, Inc.	Meta Platforms, Inc.	Buy	+357,000	+63.4%	$251.31K	920,000
Q4 2020	MPC Marathon Petroleum Corporation	Marathon Petroleum Corporation	Buy - Position Entry	+7,690,721	-	$318.09K	7,690,721
Q4 2020	PARA Paramount Global	Paramount Global	Sell	-14,137,585	-75.0%	$175.12K	4,700,000
Q4 2020	QRVO Qorvo, Inc.	Qorvo, Inc.	Buy	+1,477,209	+49.9%	$738.25K	4,440,095
Q4 2020	SSNC SS&C Technologies Holdings, Inc	SS&C Technologies Holdings, Inc	Buy	+277,275	+9.2%	$240.50K	3,305,784
Q4 2020	VIST Vista Energy S.A.B. de C.V.	Vista Energy S.A.B. de C.V.	Sell	-2,465,768	-55.8%	$5.00K	1,951,132