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

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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 (NYSE: BXE) totaling 18,103,713 shares
  • Acquired position in Forward Pharma AS (NASDAQ: FWP) totaling 5,367,300 shares
  • Acquired position in Paratek Pharmaceuticals Inc (NASDAQ: PRTK) totaling 1,735,218 shares

Increases

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

Reductions

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

Liquidations

  • Liquidated position in Aveo Pharmaceuticals Inc (NASDAQ: AVEO)
  • Liquidated position in Boyd Gaming Corp (NYSE: BYD)
  • Liquidated position in RF Micro Devices Inc (NASDAQ: RFMD)

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

Posted-In: Baupost Group Seth KlarmanHedge Funds General

 

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