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

According to the SEC 13F filed on Feb 13, 2023, the Baupost Group portfolio showed several notable changes in holdings as of quarter-end Dec 31, 2022. 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