Baupost Group’s Innoviva INVA Stock Holding History

Baupost Group’s Portfolio INVA Stock Details INVA Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q2	–	Sell	-11,573,663	Closed	-$160M	–	43
2017 Q1	$160M	Sell	11,573,663 -3,357,820	-22%	-$39.5M	1.88%	14
2016 Q4	$160M	Hold	14,931,483	–	–	2.08%	14
2016 Q3	$164M	Sell	14,931,483 -2,678,608	-15%	-$31.3M	2.33%	12
2016 Q2	$185M	Sell	17,610,091 -2,205,892	-11%	-$26.1M	2.52%	12
2016 Q1	$249M	Hold	19,815,983	–	–	3.6%	8
2015 Q4	$209M	Hold	19,815,983	–	–	3.79%	7
2015 Q3	$142M	Hold	19,815,983	–	–	2.37%	11
2015 Q2	$358M	Hold	19,815,983	–	–	5.97%	6
2015 Q1	$312M	Hold	19,815,983	–	–	5.23%	7
2014 Q4	$280M	Hold	19,815,983	–	–	5.51%	6
2014 Q3	$339M	Sell	19,815,983 -579,073	-3%	-$13.3M	5.9%	5
2014 Q2	$607M	Sell	20,395,056 -5,300,843	-21%	-$127M	9.89%	4
2014 Q1	$641M	Buy	25,695,899 +696,821	+3%	+$20.4M	15.49%	3
2013 Q4	$718M	Buy	24,999,078 +2,027,708	+9%	+$59.3M	20.35%	2
2013 Q3	$757M	Buy	22,971,370 +2,446,500	+12%	+$76.1M	21.62%	2
2013 Q2	$637M	Buy	+20,524,870	New	+$551M	15.84%	3

Other funds holding INVA

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

SCM

Sarissa Capital Management Greenwich, Connecticut $158M AUM 103.7% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

First Eagle Investment Management New York $59B AUM 32.99% 1-Year Est. Return

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

ECP

Empyrean Capital Partners Los Angeles, California $3.07B AUM 34.24% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Baupost Group's INVA Position: Q2 2017 in Review

Baupost Group sold out of Innoviva (INVA) in Q2 2017, closing a stake of 11,573,663 shares — an estimated $160M sold.

Baupost Group first reported a position in INVA in Q2 2013 and held it in 16 quarters. The position peaked at $757M in Q3 2013. 164 funds tracked by Wall St. Rank hold INVA as of Q2 2017.

Baupost Group reported no remaining Innoviva position as of Q2 2017 after selling out during the quarter.
Baupost Group sold 11,573,663 Innoviva shares in Q2 2017, an estimated $160M.
Baupost Group first reported a position in Innoviva in Q2 2013 and held it in 16 quarters.
Baupost Group's Innoviva position peaked at $757M in Q3 2013.
164 funds tracked by Wall St. Rank held Innoviva as of Q2 2017.

Based on Baupost Group's 13F filing for Q2 2017, filed 11 Aug 2017.