13F filing recap · Q1 2016

What did Baupost Group LLC buy in Q1 2016?

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

Stock value

$6.87B

Positions

Estimated turnover

40.1%

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

AGNAllergan Plc$461.44Mreported value+1.72M shares INVAInnoviva, Inc.$249.48Mreported value+19.82M shares VMWVmware, Inc.$117.84Mreported value+2.25M shares SRUNUSilver Run Acquisition Corporation II$38.81Mreported value+3.75M shares LQLa Quinta Holdings Inc$13.89Mreported value+1.11M shares GNWGenworth Financial, Inc.$4.64Mreported value+1.70M shares

Increased positions

EMCEmc Corp$1.38Breported value+22.60M shares+77.3%LNGCheniere Energy, Inc.$1.01Breported value+3.75M shares+14.4%ARAntero Resources Corporation$534.85Mreported value+2.34M shares+12.2%FOXATwenty-First Century Fox, Inc.$214.59Mreported value+3.60M shares

Reduced positions

PBFPbf Energy Inc.$353.29Mreported value-383.8K shares-3.5%PYPLPayPal Holdings, Inc.$272.51Mreported value-4.05M shares-36.5%NGNovagold Resources Inc.$75.60Mreported value-3.98M shares-21.0%BXEBellatrix Exploration Ltd$8.74Mreported value-15.34M shares

Exited positions

TBPHTheravance Biopharma, Inc.$208.86Mprior reported value-19.82M shares-100.0%FTRFrontier Communications Corp$50.97Mprior reported value-10.92M shares-100.0%OCNOnity Group Inc.$36.25Mprior reported value-5.20M shares-100.0%FTRCQFrontier Communications Corp$29.76Mprior reported value