Baupost and Seth Klarman are the largest shareholders of CPN stock, so I found the article below interesting.  He is still very long gold shares and still runs a multi-billion dollar powerhouse fund.  A good shareholder to have.

 

http://www.marketwatch.com/story/seth-klarmans-latest-stock-picks-include-aig-2013-02-15?link=MW_latest_news

 

Klarman's latest stock picks include AIG

By Meena Krishnamsetty and Matt Doiron

Copies of Seth Klarman's book Margin of Safety , published in 1991, have changed hands for up to $1,500 as some market watchers consider the value investor a guru. Klarman manages the Baupost Group, which recently filed its 13F for the fourth quarter of 2012. While the fund's holdings as of the end of December may be out of date, we think that they're at least worth considering; we have found that analyzing 13F filings can yield profitable investment strategies, with one example being the fact that the most popular small cap stocks among hedge funds tend to beat the market by 18 percentage points per year (see more details of hedge fund related investing strategies). Of course, if Klarman's thoughts on investing from 20 years ago are so valuable it is at least worth a free look at what he thought about the market only a couple months ago. Read on for three things we noticed in the new 13F and check out a history of Baupost's filings.