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The Baupost Group LLC

Last Updated: 12/3/2020

The Baupost Group LLC is a Limited Liability Company that started in 1982 and is primarily owned and controlled by Seth A. Klarman.


The Baupost Group LLC operates out of an office in Boston, MA. Based on the Form ADV filed on 2020-03-30 00:00:00, the investment firm is comprised of 269 employees, only 61 of whom performs investment advisory functions.

Fact Sheet

      Name: The Baupost Group LLC
      CRD No: 109530
      Filing Recorded: 2020-03-30 00:00:00
      Year of Origin: 1982
      Employees: 269
      Clients: 11
      AUM: 30,214,329,971
      Management Fee: 0 Percent
      Performance Fee: 0 Percent
      Client Type: Pooled Investment Vehicles
      Assets Traded: Unspecified


Investment Strategy

According to the brochure submitted to IAPD, Bauposts investment strategy is as follows:

Baupost is an opportunistic, value-oriented, open mandate investment organization whose goal is to invest capital in such a manner as to achieve attractive risk-adjusted returns over an extended period of time. To achieve this objective, the Baupost Partnerships seek to invest in assets that Baupost considers to be undervalued relative to their market price. The Baupost Partnerships seek to invest, either directly or indirectly, in securities and other assets that Baupost believes to have some or all of the following characteristics: they are currently out of favor, but have good prospects; they sell at a significant discount to underlying economic value; they have catalysts in place for the realization of underlying value; they are highly complex; they are somewhat or highly illiquid and they sell at prices below what would reasonably be expected due to market imperfections and inefficiencies, including but not limited to temporary supply/demand imbalances, information gaps, and selling pressures.

Methods of Analysis

In addition, Bauposts methods of analysis include:

Baupost selects investments according to many criteria, which may include book value, estimated underlying economic value, current and projected future earnings, cash flow, yield, skills of management, future prospects of the business and current market price of the investment. Baupost utilizes several analytical techniques, which may include fundamental analysis, analysis of historical relationships, economic analysis, business cycle analysis, interest rate analysis and industry analysis to make its investment decisions.

Top 10 Holdings from Form 13F

Reporting Period: 09/30/2020

Issuer Share Value(1000s) Put/Call
EBAY INC. 30,115,223 1,569,003
LIBERTY GLOBAL PLC 54,555,407 1,120,295
FOX CORP 26,972,720 750,651
VIASAT INC 16,288,959 560,177
VIACOMCBS INC 18,837,585 527,641
QORVO INC 2,962,886 382,242
PG&E CORP 30,657,601 287,875
HD SUPPLY HLDGS INC 6,818,119 281,179
HP INC 13,300,000 252,567

Historical 13F Filings

EdgeGiant has compiled all 13F filings since Q2 2013 for your convenience. You can view historical portfolio position forThe Baupost Group LLCin our 13F section HERE.

To get the comprehensive list of holdings that fall under 13F regulatory guidelines, check out our write up on how to access and use 13Fs in your personal investment decisions.

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Historical Portfolio Holdings for The Baupost Group LLC