Marc Lasry Buys Hovnanian Enterprises, RBS And LyondellBasell

Marc Lasry revealed in his 13F filing for the quarter that ended 30th September 2013 that he added 3 new stocks to his portfolio, bought more shares of 6 stocks and reduced holdings in 10 stocks. The top ten holdings of Marc Lasry represent a substantial 82.71% of the portfolio. Marc Lasry has a market value of $785.48 million.

Marc Lasry Buys Hovnanian Enterprises, RBS And LyondellBasell

Marc Lasry’s major new positions

The American billionaire hedge fund manager and co-founder and chief executive officer of hedge fund Avenue Capital Group acquired 3,269,942 shares of Hovnanian Enterprises, Inc. (NYSE:HOV), which is involved in designing, constructing, marketing and selling single-family detached homes. Hovnanian Enterprises Inc was the biggest new addition to Marc Lasry’s portfolio during the last quarter. Marc Lasry purchased over 3 million shares for $17.10 million representing 2.05% of the portfolio.

Another big new addition was Royal Bank of Scotland Group plc (NYSE:RBS) (LON:RBS) (AMS:RBS) of which Lasry Marc purchased 21,100 shares for $418,000, representing 0.05% of Lasry Mac’s total portfolio.

Marc Lasry also acquired 684 shares of the independent chemical company, LyondellBasell Industries NV (NYSE:LYB) for $49,000 representing 0.01% of the total portfolio.

Marc Lasry’s top positions

The private mortgage insurer in the U.S., MGIC Investment Corp. (NYSE:MTG) is the biggest holding of Marc Lasry as of September 30th. Marc Lasry held 106,780,000 shares of MGIC valuing $134.91 million constituting a sizable 16.17% of the overall portfolio.

Dynegy Inc. (NYSE:DYN), involved in production and sale of electric energy occupied the second-largest holding for Marc Lasry with 4,883,374 shares for $94.34 million representing 11.31% of the total portfolio. Magnachip Semiconductor Corp (NYSE:MX) was the third-largest holding of Marc Lasry. The designer and manufacturer of analog and mixed-signal semiconductor products company constituted 10.55% of Marc Lasry’s overall portfolio with 4,088,978 shares for $88.03 million.

The fourth -argest position was CIT Group Inc. (NYSE:CIT) of which Marc Lasry owned 1,555,489 shares for $75.86 million representing 9.09% of the overall portfolio. The fifth-largest position for Marc Lasry as of September 30th was Scorpio Tankers Inc. (NYSE:STNG) of which Marc Lasry owned 7,355,817 shares for $71.79 million constituting 8.60% of its total portfolio.

During the period ending 30th September 2013, Marc Lasry did not sell out its entire stake in any company.