Exited position

Seth Klarman’s Pg&E Corp (PCG) position

Reported position history, portfolio importance and verified filing changes from public SEC disclosures.

Baupost GroupVerified through Q2 2026
Relationship snapshot

At a glance

The full verified relationship, including prior ownership episodes and exits where supported.

First reportedQ1 2018Earliest verified positive filing snapshot
Latest statusExited positionBased on the latest supported relationship state
Peak shares30.66MHighest verified quarter-end share count
Quarters reported14Verified quarters with shares above zero
What happened?

Baupost Group first reported Pg&E Corp in Q1 2018. The reported position was increased and reduced across later filings. The latest verified relationship event shows that Baupost Group sold the entire position in Q4 2021, and the stock is no longer reported in the latest verified portfolio.

Verified SEC history

Position over time

See the same verified relationship through reported shares, portfolio weight or reported value.

Metric

Gaps indicate periods that cannot be safely connected or where a verified corporate action changes the raw share scale. Stock price, when available, is market context and not a transaction price.

Key filing events

What changed

Latest filing plus the most meaningful reported changes. Unchanged quarters are collapsed by default.

Q4 2021
Sold the entire position−7.22M shares · No shares reported at quarter-end
Q3 2021
Sold 76.5% of the position−23.44M shares · 7.22M shares remained
Filing context

Quarter-end price $9.60 · Estimated holding basis $11.26

Q3 2020
Bought 552.0% more+25.96M shares · 30.66M shares reported after the change
Filing context

Quarter-end price $9.39 · Estimated holding basis $11.26

Q2 2020
Sold 51.5% of the position−5.00M shares · 4.70M shares remained
Filing context

Quarter-end price $8.87 · Estimated holding basis $21.56

Q1 2020
Sold 48.6% of the position−9.18M shares · 9.70M shares remained
Filing context

Quarter-end price $8.99 · Estimated holding basis $21.56

Q4 2019
Sold 22.9% of the position−5.61M shares · 18.89M shares remained
Filing context

Quarter-end price $10.87 · Estimated holding basis $21.56

5 unchanged quarters are collapsed by default.

Portfolio importance

How important was Pg&E Corp in Baupost Group’s reported portfolio?

Relative importance is measured only within the verified primary non-option reported portfolio for each quarter.

Last reported portfolio weight0.6%Q3 2021
Last reported rank#28of 57 reported positions
Peak portfolio weight5.1%Q2 2019
Best historical rank#8Q3 2020
At peak importanceQ2 2019
PCG
5.1%
Largest holding
10.1%
Cross-investor discovery

Who else owns Pg&E Corp?

Also reported by 3 other tracked investors in their latest verified filings.

David EinhornDME Capital Management
PCG2.9% of reported portfolio
Ray DalioBridgewater Associates, LP
PCG0.4% of reported portfolio
Joel GreenblattGotham Asset Management
PCG0.0% of reported portfolio
Explore Pg&E Corp across all tracked investors →
SEC evidence & methodology

SEC filing evidence

Market context and filing-derived values are kept separate from actual transaction prices, which 13F filings do not disclose.

Latest verified stock price$13.202026-09-18

Market context only; not an investor transaction price.

Latest verified investor filingQ2 2026 · filed 2026-08-13
Open SEC filing ↗

This tracker follows Baupost Group LLC/MA’s Form 13F disclosures—not Seth Klarman’s personal brokerage account. Form 13F reports quarter-end U.S.-listed positions and certain options, but it does not reveal exact trade dates, execution prices, short positions or the purpose of an option position.