Kyle Bass Buys EA & Magnum Hunter; Sells ALU & Six Flags

Kyle Bass Buys EA & Magnum Hunter; Sells ALU & Six Flags

Kyle Bass Buys EA & Magnum Hunter; Sells ALU & Six Flags

Kyle Bass’ Hayman Capital Management, L.P. has just filed a 13F with the SEC. The famous hedge fund manager is known for his short of the housing market, and his purchase of what then were extremely cheap credit default swaps on Greece. His latest bet is against Japanese Government bonds, although it so far has not played out as expected.

The 13F only contains 14 million in assets. Bass manages around $1 billion, so we expect most of the assets are in credit, shorts, and other securities which the SEC does not require investors to disclose. Either way we can see his domestic equity holdings from the fillings.

Li Lu And Greenwald On Competitive Advantages And Value Investing

Li LuIn April, Li Lu and Bruce Greenwald took part in a discussion at the 13th Annual Columbia China Business Conference. The value investor and professor discussed multiple topics, including the value investing philosophy and the qualities Li looks for when evaluating potential investments. Q3 2021 hedge fund letters, conferences and more How Value Investing Has Read More

Bass made a large purchase in Electronic Arts Inc. (NASDAQ:EA) of 600,000 shares. Electronic Arts Inc. (NASDAQ:EA) is also the largest holding, representing close to 50% of Bass’ portfolio.

Bass purchased 950,000 shares of Magnum Hunter Resources Corp (NYSE:MHR), also a new position. Magnum Hunter Resources Corp (NYSE:MHR) now represents 26% of assets on the 13F, making the company the second largest holding.

Another new purchase is 160,000 shares of  Whiting USA Trust II (NYSE:WHZ). This company now makes up approximately 20% of Hayman Capital assets on the 13F.  A small purchase was made in shares of GasLog Ltd (NYSE:GLOG).

Kyle Bass has reduced his holdings of Alcatel Lucent SA (NYSE:ALU). He now holds slightly over 13 million shares of the company.

Bass reduced his stake in Six Flags Entertainment Corp (NYSE:SIX). The company used to represent close to 20% of the portfolio.

Monster Worldwide, Inc.(NYSE:MWW) represented 13% of the portfolio, another stake which Bass reduced.  Shares of the company rose earlier this week, as the online employment service company reported better than expected earnings.

Kyle Bass also owns some  Sealy Corporation (NYSE:ZZ) secured notes with an 8% coupon. Famous hedge fund, DE Shaw & Co and Weiss Asset Management also own the same notes.

Other equity holdings include API Technologies Corp(NASDAQ:ATNY), Dynegy Inc. (PINK:DYNIQ), and Tellabs, Inc. (NASDAQ:TLAB)

Updated on

No posts to display