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 1.82% totaling 18,103,713 shares
  • Acquired position in Forward Pharma AS FWP 0.37% totaling 5,367,300 shares
  • Acquired position in Paratek Pharmaceuticals Inc PRTK 2.47% totaling 1,735,218 shares

Increases

  • Increased position in Allon USA Partners LP ALDW 0.34% by 625,000 shares
  • Increased position in Antero Resources Corporation AR 1.74% by 5,088,321 shares
  • Increased position in Cheniere Energy Inc LNG 1.22% by 2,608,200 shares
  • Increased position in eBay Inc EBAY 3.17% by 3,218,293 shares
  • Increased position in PBF Energy Inc PBF 0.9% Class A shares by 1,517,696 shares
  • Increased position in Kosmos Energy Ltd KOS 1.12% by 2,492,354 shares
  • Increased position in American International Group Inc AIG 2.88% warrants by 100,389 shares

Reductions

  • Reduced position in Micron Technology Inc MU 0.28% by 31,949,399 shares
  • Reduced position in Ocwen Financial Corp OCN 1% by 1,034,650 shares
  • Reduced position in Veritiv Corp VRTV 1.54% by 48,692 shares
  • Reduced position in Syneron Medical Ltd ELOS 0.69% by 578,300 shares
  • Reduced position in Citigroup Inc C 0.61% warrants by 19,900,000 shares

Liquidations

  • Liquidated position in Aveo Pharmaceuticals Inc AVEO 7.1%
  • Liquidated position in Boyd Gaming Corp BYD 1.58%
  • 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.

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