Klarman-Founded Baupost Group Increases Stake In eBay, Trims Micron and Citigroup In Q4

In the hedge fund’s latest 13-F filing, the Seth Klarman-founded Baupost Group disclosed changes to its holdings that occurred during Q4 of 2014.

Here’s a list of some of the moves the fund made to its largest positions during the quarter.

Buys

• Acquired position in Bellatrix Exploration Ltd BXE totaling 18,103,713 shares
• Acquired position in Forward Pharma AS FWP totaling 5,367,300 shares
• Acquired position in Paratek Pharmaceuticals Inc PRTK totaling 1,735,218 shares

Increases

• Increased position in Allon USA Partners LP ALDW by 625,000 shares
• Increased position in Antero Resources Corporation AR by 5,088,321 shares
• Increased position in Cheniere Energy Inc LNG by 2,608,200 shares
• Increased position in eBay Inc EBAY by 3,218,293 shares
• Increased position in PBF Energy Inc PBF Class A shares by 1,517,696 shares
• Increased position in Kosmos Energy Ltd KOS by 2,492,354 shares
• Increased position in American International Group Inc AIG warrants by 100,389 shares

Reductions

• Reduced position in Micron Technology Inc MU by 31,949,399 shares
• Reduced position in Ocwen Financial Corp OCN by 1,034,650 shares
• Reduced position in Veritiv Corp VRTV by 48,692 shares
• Reduced position in Syneron Medical Ltd ELOS by 578,300 shares
• Reduced position in Citigroup Inc C warrants by 19,900,000 shares

Liquidations

• Liquidated position in Aveo Pharmaceuticals Inc AVEO
• Liquidated position in Boyd Gaming Corp BYD
• Liquidated position in RF Micro Devices Inc RFMD

Bauposts full 13-F filing, including positions that were not adjusted in Q4, can be found here.