Question 1

Does Baupost Group own TBN stock?

Accepted Answer

No. Baupost Group exited its TBN (Tamboran Resources) position in Q1 2026. Its Q4 2025 13F listed 257,226 shares worth $7M.

Question 2

How many shares of TBN does Baupost Group own?

Accepted Answer

None since Q1 2026, when Baupost Group exited the position. Its Q4 2025 13F listed 257,226 shares worth $7M.

Question 3

What is Baupost Group's TBN position worth?

Accepted Answer

Baupost Group's TBN position was worth $7M in its Q4 2025 13F, before the exit in Q1 2026.

Question 4

Is Baupost Group buying or selling TBN?

Accepted Answer

In Q1 2026, Baupost Group exited its entire TBN position.

Question 5

When did Baupost Group first buy TBN?

Accepted Answer

Baupost Group first reported TBN in its Q3 2024 13F and listed it in 6 quarterly 13F filings.

Quarter	Action	Shares	Change	Value	Weight	Price	Conviction
2026-Q1 Latest	Exited	0	-100.0%	$0	0.0%	$31.00	0
2025-Q4	Decreased	257,226	-54.9%	$7M	0.1%	$26.53	0
2025-Q3	Unchanged	570,833	0.0%	$15.6M	0.3%	$22.64	0
2025-Q2	Unchanged	570,833	0.0%	$12.2M	0.3%	$21.95	0
2025-Q1	Unchanged	570,833	0.0%	$13.7M	0.4%	$24.05	0
2024-Q4	Unchanged	570,833	0.0%	$12M	0.3%	$18.60	0
2024-Q3	New	570,833	—	$11.6M	0.3%	$20.00	47