market folly

Seth Klarman's investment firm Baupost Group has filed a 13G with the SEC regarding its position in Veritiv (VRTV).  Per the filing, Baupost now owns 19.45% of the company with over 3.05 million shares.

This means they've increased their position size by 9,339 shares since the end of the second quarter.  The filing was made due to portfolio activity on September 30th.

Per Google Finance, Veritiv is "a business-to-business distributor of print, publishing, packaging and facility solutions. The Company also provides logistics and supply chain management solutions to its customers. The Company's segments are Print, Publishing & Print Management (Publishing), Packaging, Facility Solutions, and Corporate & Other. The Print segment sells and distributes commercial printing, writing, copying, digital, wide format and specialty paper products, graphics consumables and graphics equipment. The Publishing segment sells and distributes coated and uncoated commercial printing papers. The Packaging segment provides standard, as well as custom and packaging solutions. The Facility Solutions segment sources and sells cleaning, break-room and other supplies such as towels, tissues, wipers and dispensers, can liners, commercial cleaning chemicals, soaps and sanitizers, sanitary maintenance supplies and equipment, safety and hazard supplies, and shampoos and amenities."