Baupost takes new position in Amazon, expands stake in Gray Television, reduced stakes in Intel, Meta, Alphabet

Aug. 15, 2022 1:35 PM ETGOOG, AMZN, INTC, FISV, GTN, NXST, EDU, SSNC, VRNT, META, POST, DBRG, QRVO, DBX, LSXMA, LSXMK, ISBy: Khyathi Dalal, SA News Editor5 Comments
  • Seth Klarman's Baupost Fund recently in its 13F filing indicated new positions in New Oriental Education & Technology (EDU) with 8M shares, Amazon (AMZN) with 0.6M shares; the fund has a total worth of $6.77B.

  • Stakes were increased in The Liberty SiriusXM (LSXMK) (to ~13.25M shares from ~11.16M shares), (LSXMA) (to ~7.32M from ~5.62M), Gray Television (GTN) (to ~2.26M from ~1.29M), Qorvo (QRVO) (to ~6.97M from ~6.65M).
  • The fund exited Post (POST)
  • Positions were slashed in Intel (INTC) (to ~8.72M shares from ~16.59M shares), DigitalBridge (DBRG) (to ~13.16M from ~18.37M), Dropbox (DBX) (to ~7.82M from ~10.57M), IronSource (IS) (to ~5.85M from ~7.94M), Verint Systems (VRNT) (to ~0.2M from ~2.21M), Nexstar Media (NXST) (to ~0.28M from ~1.15M), SS&C Technologies (SSNC) (to ~2.96M from ~3.77M), Meta Platforms (META) (to ~0.69M from ~0.97M), Alphabeat (GOOG) (to ~0.17M from ~0.24M), Fiserv (FISV) (to ~3.53M from ~3.99M).
  • SA Contributor John Vincent also analyzed Baupost Q2 update.

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