Klarman Continues To Reduce Baupost’s Equity Exposure In Q2

Seth Klarman’s Baupost made some notable changes to its portfolio in the second quarter. According to the hedge fund’s latest 13F report, Baupost continued to sell down some of its most significant holdings, although it also boosted and acquired some more minor positions.

More importantly, Baupost’s latest 13F shows the hedge fund has continued to reduce its equity exposure, which seems to suggest Klarman is positioning for further market turbulence.

Q2 2023 hedge fund letters, conferences and more

Baupost Reduces Its Exposure

One of the main drawbacks of 13F reports is they only show us the equity positions in a hedge fund’s portfolio. These reports do not provide any insight into other...