Seth Klarman's Baupost adds Skyworks, exits Meta and Amazon
Drew Angerer

During the first quarter of 2023, Seth Klarman's Baupost Fund established new positions in Skyworks Solutions (NASDAQ:SWKS) and Jazz Pharmaceuticals (NASDAQ:JAZZ); increased stakes in Alphabet (NASDAQ:GOOG), Fidelity National Information (NYSE:FIS), and Gray Television (NYSE:GTN); reduced stakes in Fiserv (NASDAQ:FISV), Willis Towers Watson (NASDAQ:WTW), and DigitalBridge (NYSE:DBRG); and divested holdings in Meta Platforms (NASDAQ:META), Amazon (NASDAQ:AMZN), and Micron Technology (NASDAQ:MU).

According to the firm's 13F filing, Baupost bolstered its holdings in Alphabet (GOOG) to 5.85M shares at March 31, 2023 compared with 3.99M shares as of Dec. 31, 2022.
Its stake in Fidelity National Information (FIS) rose to 4.84M from ~2.16M, and its investment in Gray Television (GTN) increased to 3.76M shares from 3.51M.
The investment firm reduced stakes: in Fiserv (FISV) to 533K from 2.00M shares; in Willis Towers Watson (WTW) to ~859K shares from 1.28M; and in DigitalBridge to 1.23M shares from 3.20M.
It took new positions in SkyWorks Solutions (SWKS) with ~704K shares, Jazz Pharmaceuticals (JAZZ) with ~479K shares, and Seagate Technology (NASDAQ:STX) with 136K shares, according to the filing.
Earlier this year, Baupost's Klarman blamed '22 market volatility on the Fed's response to the 2008 crisis.