Passport Capital Buys Cytec and Vivus; Sells RIMM and Exxon

Passport Capital Buys Cytec and Vivus; Sells RIMM and Exxon

Passport Capital Buys Cytec and Vivus; Sells RIMM and Exxon

John Burbank’s Passport Capital latest 13F filing with the Securities and Exchange Commission shows new purchases in 91 stocks and increases in 46 stocks. The firm also sold out of 72 stocks and reduced its position in 29 stocks. Top funds in the firm’s portfolio include Cytec Industries Inc (NYSE:CYT), Huntsman Corporation (NYSE:HUN), VIVUS Inc. (NASDAQ:VVUS), Kinross Gold Corporation (NYSE:KGC), and Kinder Morgan Inc (NYSE:KMI).

Adds And Increases

Exclusive: Dan Loeb’s Two New Stock Picks [Q1 Letter]

Nestle Dan Loeb Daniel Loeb third point capital hedge fund manager activist investor poison pen activism Yahoo corporate governance famous investorsThird Point's Dan Loeb discusses their new positions in a letter to investor reviewed by ValueWalk. Stay tuned for more coverage. Loeb notes some new purchases as follows: Third Point’s investment in Grab is an excellent example of our ability to “lifecycle invest” by being a thought and financial partner from growth capital stages to Read More

The firm’s new purchases included CONSOL Energy Inc. (NYSE:CNX), BHP Billiton Limited (NYSE:BHP), and  Las Vegas Sands Corp. (NYSE:LVS). Major increases for the firm include Kinross Gold Corporation (NYSE:KGC), Cytec, and eBay Inc (NASDAQ:EBAY).

We reported recently on why Burbank likes VIVUS Inc. (NASDAQ:VVUS) and Cytec Industries Inc (NYSE:CYT).

Sell-Offs And Reductions

Passport Capital sold off all its shares of Exxon Mobil Corporation (NYSE:XOM), Research in Motion (NASDAQ:RIMM), Sherwin-Williams Company (NYSE:SHW), Synovus Financial Corp. (NYSE:SNV), Market Vectors Gold Miners ETF (NYSE:GDX), Industrial Select Sector SPDR (NYSE:XLI), and WebMD Health Corp. (NASDAQ:WBMD).

Major reductions include Liberty Interactive (NASDAQ: LINTA), Marathon Petroleum Corp (NYSE:MPC), and United States Natural Gas Fund (XUNGX).

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