Seth Klarman's Baupost made a near $500 million bet

Seth KlarmanGetty Images/ Kevork DjansezianBaupost founder Seth Klarman.

Baupost Group invested nearly half a billion dollars in semiconductor company Qorvo in the first quarter, a regulatory filing shows.

The Boston-based hedge fund firm invested about $US493 million in the first three months of this year, according to the firm’s first-quarter 13-F filing.

The firm also invested $US299 million in Qualcomm, the filing says.

Investors must file 13-F documents within 45 days of each quarter’s end, so Baupost’s positions may have since changed.

The filing also does not give a full picture of an investor’s portfolio, as it only shows its long stock positions, as well as options and convertible bonds.

In other words, what appears to be a long position could be hedged out by other means.

More from Rachael Levy:

NOW WATCH: Scott Galloway on the biggest thing in tech in 2017: Amazon could eliminate the existence of brands with voice technology

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at