Baupost Group Portfolio holdings
Baupost Group invests for the long term in companies and other investments it judges to be undervalued, on behalf of families, foundations, endowments and other institutions. Its philosophy puts risk management first. Seth Klarman, its chief executive and portfolio manager, founded it in 1982 with William Poorvu, a Harvard professor, and partners Howard Stevenson, Jordan Baruch and Isaac Auerbach, and the name is an acronym built from the founders' names. Poorvu supplied the first money to manage, which he had raised by selling his share in a local television station, and Seth Klarman's team ran it. Seth Klarman wrote a 1991 book on value investing, Margin of Safety.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
BP
BP
|
+$791M |
| 2 |
Viasat
VSAT
|
+$655M |
| 3 |
Innoviva
INVA
|
+$551M |
| 4 |
Micron Technology
MU
|
+$460M |
| 5 |
American International
AIG
|
+$434M |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 37.92% |
| 2 | Energy | 19.3% |
| 3 | Healthcare | 16.95% |
| 4 | Financials | 11.92% |
| 5 | Miscellaneous | 7.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Viasat
VSAT
$9.43B
| $786M | 19.54% |
+11,000,000
| New | +$655M |
2013 Q2
0 quarters
|
|
|
2
BP
BP
$118B
| $776M | 19.3% |
+22,736,298
| New | +$791M |
2013 Q2
0 quarters
|
|
|
3
Innoviva
INVA
$1.35B
| $637M | 15.84% |
+20,524,870
| New | +$551M |
2013 Q2
0 quarters
|
|
|
4
Micron Technology
MU
$881B
| $595M | 14.79% |
+41,500,000
| New | +$460M |
2013 Q2
0 quarters
|
|
|
5
American International
AIG
$43B
| $452M | 11.25% |
+10,120,227
| New | +$434M |
2013 Q2
0 quarters
|
|
|
TIVO
6
DELISTED
Tivo Inc
TIVO
| $141M | 3.5% |
+6,160,000
| New | +$144M |
2013 Q2
0 quarters
|
|
|
IDIX
7
DELISTED
IDENIX PHARMACEUTICALS INC
IDIX
| $96.6M | 2.4% |
+26,767,000
| New | +$109M |
2013 Q2
0 quarters
|
|
8
DELISTED
Citigroup Inc
C.WS.A
| $74.1M | 1.84% |
+94,246,007
| New | +$60.5M |
2013 Q2
0 quarters
|
|
9
Oracle
ORCL
$391B
| $73.3M | 1.82% |
+2,386,890
| New | +$79.2M |
2013 Q2
0 quarters
|
|
10
ChipMOS TECHNOLOGIES
IMOS
$1.71B
| $53.5M | 1.33% |
+2,508,003
| New | +$45.4M |
2013 Q2
0 quarters
|
|
11
NovaGold Resources
NG
$2.47B
| $45.8M | 1.14% |
+21,688,300
| New | +$54.1M |
2013 Q2
0 quarters
|
|
|
ELOS
12
DELISTED
Syneron Medical Ltd
ELOS
| $34.8M | 0.87% |
+4,000,000
| New | +$35.8M |
2013 Q2
0 quarters
|
|
|
AUY
13
DELISTED
Yamana Gold, Inc.
AUY
| $31M | 0.77% |
+3,255,500
| New | +$38M |
2013 Q2
0 quarters
|
|
|
AOI
14
DELISTED
Alliance One International
AOI
| $29.1M | 0.72% |
+766,997
| New | +$28.7M |
2013 Q2
0 quarters
|
|
15
Central Pacific Financial
CPF
$988M
| $26.9M | 0.67% |
+1,491,731
| New | +$25.4M |
2013 Q2
0 quarters
|
|
16
Ituran Location and Control
ITRN
$957M
| $17.5M | 0.44% |
+1,038,342
| New | +$16.9M |
2013 Q2
0 quarters
|
|
|
ENZN
17
DELISTED
ENZON PHARMACEUTICALS INC
ENZN
| $15.4M | 0.38% |
+7,691,453
| New | +$22.5M |
2013 Q2
0 quarters
|
|
|
18
DELISTED
American International Group, Inc.
AIG.WS
| $12M | 0.3% |
+656,443
| New | +$11.7M |
2013 Q2
0 quarters
|
|
19
Kinross Gold
KGC
$24.5B
| $10.7M | 0.27% |
+2,102,700
| New | +$12.2M |
2013 Q2
0 quarters
|
|
|
AVEO
20
DELISTED
AVEO Pharmaceuticals, Inc.
AVEO
| $9.6M | 0.24% |
+382,935
| New | +$16.4M |
2013 Q2
0 quarters
|
|
21
Trilogy Metals
TMQ
$352M
| $8.76M | 0.22% |
+5,005,298
| New | +$9.17M |
2013 Q2
0 quarters
|
|
|
PVG
22
DELISTED
PRETIUM RESOURCES INC.
PVG
| $1.03M | 0.03% |
+155,700
| New | +$1.11M |
2013 Q2
0 quarters
|
|
Similar funds
Baupost Group's Q2 2013 Portfolio in Review
Q2 2013 is the first quarter with a 13F filing on record for Baupost Group, which disclosed 24 positions worth $4.02B. Its ten largest holdings account for 92% of the portfolio.
Its largest position is BP: 22,736,298 shares worth $776M.
By sector, the portfolio is most concentrated in Technology at 38% of assets, followed by Energy and Healthcare.
- Baupost Group's largest Q2 2013 buy was BP: 22,736,298 shares worth $776M.
- Baupost Group's ten largest holdings make up 92% of its $4.02B portfolio in Q2 2013.
- Baupost Group disclosed 24 positions in Q2 2013, its first 13F filing on record.
Based on Baupost Group's 13F filing for Q2 2013, filed 14 Aug 2013.