Keryx Biopharmaceuticals Inc
Akebia Therapeutics and Keryx Biopharmaceuticals’ Proposed Merger
Today, Akebia Therapeutics (AKBA) and Keryx Biopharmaceuticals (KERX) announced an all-stock merger.
Profit Taking in XBI Holdings Pulled the Fund Down
The SPDR S&P Biotech ETF (XBI) fell by 1.1% to close at $51.72 and was trading above the 20-day moving average price of $48.7.
XBI Recovers from Its Slump
The SPDR S&P Biotech ETF (XBI) and the iShares Nasdaq Biotechnology ETF (IBB) were the top biotechnology ETFs last week, returning 5.3%, and 3.7%.
Analyzing The Baupost Group’s Holdings in 4Q14
The Baupost Group generated $21.5 billion in returns over its history. The recent 13F filing revealed that its 4Q14 portfolio declined more to $5.09 billion.
Baupost Group raises position in eBay in 3Q14
Baupost ups position in eBay The Baupost Group raised its position in eBay Inc. (EBAY) that accounted for 6.01% of the fund’s total third-quarter portfolio. The fund owns 6,096,707 shares, up from 4,436,300 shares in 2Q14. The position was initiated in 2Q14. The stock price is up ~ 9% since the second quarter. JANA Partners, as well […]
Baupost adds to position in Keryx Biopharmaceuticals
Baupost raises position in Keryx Biopharmaceuticals The Baupost Group raised its position in Keryx Biopharmaceuticals (KERX) that accounted for 4.38% of the fund’s total third-quarter portfolio. The fund owns 18,300,000 shares, up from 10,539,986 shares in 2Q14. The position was initiated in 1Q14. The stock price is up ~ 26% year-to-date, as of November 28. Overview of Keryx Biopharmaceuticals […]
Baupost Group starts position in newly spun off Veritiv Corp.
Baupost adds position in Veritiv Corp The Baupost Group added a stake in Veritiv Corporation (VRTV) that accounted for 2.06% of the fund’s total third-quarter portfolio. Overview of Veritiv Corporation Veritiv is a North American business-to-business distribution company with approximately 9,500 team members in more than 170 distribution centers across North America. Its business is organized […]
Baupost Group opens position in Antero Resources in 3Q14
Baupost adds position in Antero Resources The Baupost Group added a stake in Antero Resources Corp. (AR) that accounted for 2.64% of the fund’s total third-quarter portfolio. Overview of Antero Resources Antero Resources Corporation is an independent oil and natural gas company engaged in the exploitation, development, and acquisition of natural gas, NGLs, and oil properties. It […]
The Baupost Group buys stake in Ocwen Financial in 3Q14
Baupost adds position in Ocwen Financial Seth Klarman’s The Baupost Group, LLC, added a significant stake in Ocwen Financial Corp. (OCN) that accounted for 3.19% of the fund’s total third-quarter portfolio. Ocwen Financial Corporation overview Ocwen Financial is a financial services holding company that, through its subsidiaries, is one of the largest mortgage companies in the […]
Seth Klarman’s Baupost Group sells its stake in British Petroleum
The Baupost Group pared almost half of its stake in British Petroleum (BP), which accounted for 7.80% of the fund’s total portfolio in 4Q 2013.
Baupost invests in RF Micro Devices amid its merger with TriQuint
The Baupost Group initiated a position in RF Micro Devices Inc. (RFMD) that accounted for 1.25% of the fund’s total portfolio. Baupost also started a new position in RFMD’s peer and merger partner, TriQuint Semiconductor (TQNT).
Seth Klarman’s Baupost Group buys a new stake in Cheniere Energy
The Baupost Group added a stake in Cheniere Energy Inc. (LNG) that accounted for 7.57% of the fund’s total portfolio. Cheniere Energy is a Houston-based energy company.
Must-know highlights of the Baupost Group’s 1Q 2014 positions
Seth Klarman’s Baupost Group, LLC, returned $4 billion to clients at the end of last year. The fund is one of the best-performing hedge fund managers of all time, generating $21.5 billion in returns over its history.