Seth Klarman’s Hedge Fund Bought Stock In David Einhorn’s Big Shale Oil Short
ByBillionaire Seth Klarman’s Baupost hedge fund in the first quarter opened a sizeable position in the shares ofPioneer Natural Resources PXD +0.93%, the company that respected short seller David Einhorn recently slammed at an investment conference.
Baupost bought shares of Pioneer Natural Resources in the first quarter of 2015 and held 3,166,937 shares of the oil shale producer on March 31, according to a Securities & Exchange Commission filing that Baupost made on Friday. Baupost’s position in Pioneer Natural Resources was valued at $518 million at the end of March, making it the fifth-largest holding in Baupost’s U.S. stock portfolio. It was the biggest new position that Baupost took in the first quarter. The SEC filing does not indicate Baupost’s current position in Pioneer Natural Resources…
Seth Klarman’s Hedge Fund Bought Stock In David Einhorn’s Big Shale Oil Short
