Richard Perry Sells Yahoo! & Morgan Stanley; Buys AIG & Hillshire

Richard Perry Sells Yahoo! & Morgan Stanley; Buys AIG & Hillshire

Richard Perry, founding manager of hedge fund Perry Corp sold and bought some large holdings in the last quarter according to the most recent 13f filed with the SEC.  Perry’s top five holdings are in American International Group, Inc. (NYSE:AIG) 14.55 percent, BP plc (NYSE:BP) (LON:BP) 6.36 percent, NRG Energy Inc (NYSE:NRG) 5.83 percent, Lamar Advertising Co (NASDAQ:LAMR) 5.71 percent, and Express Scripts Inc (NASDAQ: ESRX) 5.17 percent.

Richard Perry Sells Yahoo! & Morgan Stanley; Buys AIG & Hillshire

Closed Positions

A total of 13 stocks were closed in the last quarter.

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American Tower Corp (NYSE:AMT)

Holdings in AMT amounted to 9.22 percent of Q2’s portfolio. Perry sold its entire stake of 3.25 million shares in the last quarter.

Yahoo! Inc. (NASDAQ:YHOO)

8.45 million shares of Yahoo Inc (NASDAQ: YHOO) were sold in the last quarter. In turn, Perry bought 5 million Call options in Yahoo shares.

Morgan Stanley (NYSE:MS)

Perry Corp cashed the 9.9 million Call options in Morgan Stanley shares in the previous quarter and closed the position.

Teva Pharmaceutical Industries Ltd (NYSE:TEVA)

Positions in Teva were also ended by selling 3.315 million shares of the drug company.

Other complete sells in the last quarter included Hewlett-Packard Company (NYSE:HPQ), Delphi Automotive PLC (NYSE:DLPH), Phillips 66 (NYSE:PSX), Anadarko Petroleum Corporation (NYSE:APC), Citigroup Inc. (NYSE:C), and Agnico-Eagle Mines Limited (NYSE:AEM).

New Positions

Perry Corp added 10 new stocks to its portfolio. The major buys included American International Group, Inc. (NYSE:AIG) 10.5 million shares, NRG Energy Inc (NYSE:NRG) 6.45 million shares, Hillshire Brands Co (NYSE:HSH) 4 million shares, Nexen Inc. (NYSE:NXY) (TSE:NXY) 3.91 million shares, and Calpine Corporation (NYSE:CPN) with 4.1 million shares.

Perry multiplied holdings in Lamar Advertising Co (NASDAQ:LAMR) and bought 3.35 million more shares of the company in the third quarter. Other additions included Put options in iShares Russell 2000 Index (ETF) (NYSEARCA:IWM) and common stock of Hess Corp. (NYSE:HES). Stakes in MBIA Inc. (NYSE:MBI), Bank of America Corp (NYSE:BAC), and  Express Scripts Holding Company (NASDAQ:ESRX) were reduced in the last quarter.

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