13F-HR 1 form13fhr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 12/31/2010 Check here if Amendment []; Amendment Number: ------- This Amendment (Check only one.): [] is a restatement. [] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: The Baupost Group, L.L.C. Address: 10 St. James Avenue Suite 1700 Boston, MA 02116 Form 13F File Number: 28-7120 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Persons Signing this Report on Behalf of Reporting Manager: Name: Scott A. Nathan Title: Chief Risk Officer Phone: (617) 210-8300 Signature, Place, and Date of Signing: /s/ Scott A. Nathan Boston, MA 2/11/2011 --------------------------------- --------------------------------- ---------- [Signature] [City, State] [Date] Report Type (Check only one): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 16 Form 13F Information Table Value Total: $ 1,735,415 -------------- (In Thousands) List of Other Included Managers: Provide a numbered list of the name(s) and 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE

FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ---------------------------- --------------- --------- -------- ----------------- ---------- -------- -------------------- VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ---------------------------- --------------- --------- -------- -------- --- ---- ---------- -------- -------- ------ ---- ALERE INC COM 01449J105 113460 3100000 SH SOLE 3100000 0 0 ALLIANCE ONE INTL INC COM 018772103 37256 8786700 SH SOLE 8786700 0 0 AUDIOVOX CORP CL A 050757103 9153 1060576 SH SOLE 1060576 0 0 AVEO PHARMACEUTICALS INC COM 053588109 29240 2000000 SH SOLE 2000000 0 0 BREITBURN ENERGY PARTNERS LP COM UT LTD PTN 106776107 87609 4350000 SH SOLE 4350000 0 0 CAPITALSOURCE INC COM 14055X102 113600 16000000 SH SOLE 16000000 0 0 ENZON PHARMACEUTICALS INC COM 293904108 110233 9065178 SH SOLE 9065178 0 0 ITURAN LOCATION AND CONTROL SHS M6158M104 30101 1721066 SH SOLE 1721066 0 0 MULTIMEDIA GAMES INC COM 625453105 14508 2600000 SH SOLE 2600000 0 0 NEWS CORP CL A 65248E104 277368 19050000 SH SOLE 19050000 0 0 PDL BIOPHARMA INC COM 69329Y104 34909 5603400 SH SOLE 5603400 0 0 REGENERON PHARMACEUTICALS COM 75886F107 32830 1000000 SH SOLE 1000000 0 0 SYNERON MEDICAL LTD ORD SHS M87245102 15285 1500000 SH SOLE 1500000 0 0 THERAVANCE INC COM 88338T104 325910 13000000 SH SOLE 13000000 0 0 THERAVANCE INC NOTE 3.000% 1/1 88338TAA2 57566 51000000 PRN SOLE 51000000 0 0 VIASAT INC COM 92552V100 446387 10051492 SH SOLE 10051492 0 0