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.
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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
Contact
- Website: https://www.baupost.com/login
- Email: [email protected]
- Telephone: 617-210-8300
- Address: 10 St. James Ave, Suite 1700 Boston MA 02116
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 | |
| PERSHING SQUARE TONTINE HLDG | 17,500,000 | 397,075 | |
| 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.