Jim Chanos Buys Yelp, Arch Coal, Sells Microsoft, Deere, Whole Foods

Jim Chanos photo via Insider Monkey (CC BY-ND 2.0)

Jim Chanos’ Kynikos Associates bought two new stocks during the September quarter and exited four other stocks. The firm’s latest 13F regulatory filing with the Securities and Exchange Commission also shows that it increased its position in three stocks and cut its holdings in 17 other stocks.

At the end of the September quarter, the top five holdings for Chanos’ firm were SanDisk Corporation (NASDAQ:SNDK), Citigroup Inc (NYSE:C), EOG Resources Inc (NYSE:EOG), Workday Inc (NYSE:WDAY) and Vanguard FTSE Europe ETF (NYSEARCA:VGK). Whale Wisdom estimates that the market value of the firm’s portfolio declined during the quarter, falling from $318.5 million at the end of the last quarter to $285.5 million at the end of the September quarter.

The value of the firm’s top 10 holdings made up 56.11% of the firm’s entire portfolio.

Jim Chanos’ new stocks and increases

Chanos’ big new position during the September quarter was Arch Coal Inc (NYSE:ACI). He purchased almost 2.3 million shares of the company during the September quarter. His other new position was Yelp Inc (NYSE:YELP), of which he bought 225,400 shares during the third quarter.

All of Jim Chanos’ position increases during the quarter were fairly small, less than a million shares apiece. The firm bought an extra 137,000 shares of iShares FTSE/Xinhua China 25 Index (ETF) (NYSEARCA:FXI) and about 5,600 shares of Mastercard Inc (NYSE:MA). It also purchased approximately 17,000 shares of Visa Inc (NYSE:V) during the quarter.

Chanos’ sells and decreases

The firm exited Microsoft Corporation (NASDAQ:MSFT), selling all 333,500 shares it did hold at the end of the second quarter. Jim Chanos’ Kynikos Associates also exited Harris Teeter Supermarkets Inc (NYSE:HTSI), Deer & Company (NYSE:DE) and Whole Foods Market, Inc. (NASDAQ:WFM).

Jim Chanos’ key position reductions included Apple Inc. (NASDAQ:AAPL), Starbucks Corporation (NASDAQ:SBUX), Charles Schwab Corp (NYSE:SCHW), McDonald’s Corporation (NYSE:MCD), Citigroup Inc (NYSE:C), Electronic Arts Inc. (NASDAQ:EA) and Take-Two Interactive Software, Inc. (NASDAQ:TTWO).

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About the Author

Michelle Jones
Michelle Jones was a television news producer for eight years. She produced the morning news programs for the NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spent a short time at the CBS affiliate in Huntsville. She has experience as a writer and public relations expert for a wide variety of businesses. Michelle has been with ValueWalk since 2012 and is now our editor-in-chief. Email her at Mjones@valuewalk.com.

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