Seth Klarman - Baupost Group 13F Activity & Position Changes (Q4 2022)

As of Dec 31, 2022, the Baupost Group portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Feb 13, 2023. 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 2022, the filing reported:

New Buys - Altice USA, Inc., Herbalife

Increases - Amazon.com, Inc., Fidelity National Information S, Alphabet Inc., Gray Television, Inc., Meta Platforms, Inc., and 1 more

Reductions - Advantage Solutions Inc., DigitalBridge Group, Inc., New Oriental Education & Techno, Fiserv, Inc., Nuvation Bio Inc., and 4 more

Complete Exits - , Cullinan Therapeutics, Inc., Dropbox, Inc., Enhabit, Inc., Encompass Health Corporation, and 1 more

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 2022	ADV Advantage Solutions Inc.	Advantage Solutions Inc.	Sell	-839,703	-7.1%	$22.48K	11,001,624
Q4 2022	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy	+742,000	+299.2%	$83.16K	990,000
Q4 2022	ATUS Altice USA, Inc.	Altice USA, Inc.	Buy - Position Entry	+3,880,200	-	$17.85K	3,880,200
Q4 2022	AUROW		Sell - Position Exit	-736,550	-100.0%	$0.00	-
Q4 2022	CGEM Cullinan Therapeutics, Inc.	Cullinan Therapeutics, Inc.	Sell - Position Exit	-429,646	-100.0%	$0.00	-
Q4 2022	DBRG DigitalBridge Group, Inc.	DigitalBridge Group, Inc.	Sell	-88,000	-2.7%	$35.03K	3,201,713
Q4 2022	DBX Dropbox, Inc.	Dropbox, Inc.	Sell - Position Exit	-7,819,924	-100.0%	$0.00	-
Q4 2022	EDU New Oriental Education & Techno	New Oriental Education & Techno	Sell	-1,891,778	-24.6%	$201.75K	5,793,928
Q4 2022	EHAB Enhabit, Inc.	Enhabit, Inc.	Sell - Position Exit	-437,287	-100.0%	$0.00	-
Q4 2022	EHC Encompass Health Corporation	Encompass Health Corporation	Sell - Position Exit	-2,950,000	-100.0%	$0.00	-
Q4 2022	FI Fiserv, Inc.	Fiserv, Inc.	Sell	-1,530,000	-43.3%	$202.38K	2,002,391
Q4 2022	FIS Fidelity National Information S	Fidelity National Information S	Buy	+1,540,000	+250.4%	$146.22K	2,155,000
Q4 2022	G4412G101 Herbalife	Herbalife	Buy - Position Entry	+2,000,000	-	$29.76K	2,000,000
Q4 2022	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+2,618,000	+190.2%	$354.41K	3,994,280
Q4 2022	GTN Gray Television, Inc.	Gray Television, Inc.	Buy	+250,000	+7.7%	$39.28K	3,510,000
Q4 2022	HIPO-WS		Sell - Position Exit	-199,485	-100.0%	$0.00	-
Q4 2022	META Meta Platforms, Inc.	Meta Platforms, Inc.	Buy	+1,039,000	+150.8%	$207.93K	1,727,851
Q4 2022	NUVB Nuvation Bio Inc.	Nuvation Bio Inc.	Sell	-5,610,000	-53.8%	$9.23K	4,808,194
Q4 2022	OB Outbrain Inc.	Outbrain Inc.	Sell	-638,769	-80.7%	$555.00	153,231
Q4 2022	QRVO Qorvo, Inc.	Qorvo, Inc.	Sell	-1,044,259	-15.4%	$519.52K	5,731,657
Q4 2022	TMQ Trilogy Metals Inc.	Trilogy Metals Inc.	Sell	-1,901,970	-19.2%	$4.39K	7,990,481
Q4 2022	WBD Warner Bros. Discovery, Inc. -	Warner Bros. Discovery, Inc. -	Buy	+2,000,000	+6.9%	$293.88K	31,000,000
Q4 2022	WTW Willis Towers Watson	Willis Towers Watson	Sell	-4,520	-0.4%	$313.28K	1,280,908