13F filing recap · Q4 2015

What did Baupost Group LLC buy in Q4 2015?

Reported stock-position changes between this filing and the previous one.

Stock value

$5.48B

Positions

Estimated turnover

42.2%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

EMCEmc Corp$751.11Mreported value+29.25M shares

Increased positions

LNGCheniere Energy, Inc.$971.84Mreported value+3.42M shares+15.1%ARAntero Resources Corporation$417.86Mreported value+3.07M shares+19.1%PYPLPayPal Holdings, Inc.$402.16Mreported value+204.4K shares+1.9%VRTVVeritiv Corporation$104.52Mreported value+90.0K shares

Reduced positions

NGNovagold Resources Inc.$79.89Mreported value-2.71M shares-12.5%FTRFrontier Communications Corp$50.97Mreported value-2.58M shares-19.1%KOSKosmos Energy Ltd.$24.02Mreported value-1.38M shares-23.0%

Exited positions

AAAlcoa Corp$504.93Mprior reported value-52.27M shares-100.0%PXDPioneer Natural Resources Co$503.23Mprior reported value-4.14M shares-100.0%EBAYEbay Inc.$227.66Mprior reported value-9.31M shares-100.0%AERAercap Holdings N.v.$93.69Mprior reported value-2.45M shares