Jim Chanos

Kynikos Associates LP

Last Update: 2013-05-15

Number of Stocks: 20
Number of New Stocks: 3

Total Value: $260 Mil
Q/Q Turnover: 19%

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Jim Chanos Watch

Long Positions From Famed Short Seller Jim Chanos: Buys FXI, Apple, CNH Global NV, MasterCard Incorporated, Visa
by GuruFocus - May 15, 2013
Famed short Jim Chanos just reported his first quarter portfolio. Most notably he bought into beaten down Apple and Chinese ETF FXI. Chanos has been known for shorting China for years. Buying FXI might be a way to hedge his short positions in China. He also bought Apple, CNH Global, ETFs such as EEM, VGK etc, according to the most recent filings of his investment company, Kynikos Associates LP. As of 03/31/2013, Kynikos Associates LP owns 20 stocks with a total value of $260 million. These are the details of the buys and sells.
- New Purchases: FXI, AAPL, CNH,
- Added Positions: EEM, MA, VGK, C, V, EOG, JPM,
- Reduced Positions: SPY, UNG, MDY,
- Sold Out: RAX, LMCA, HII, DB,
For the details of Jim Chanos's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Jim+Chanos Continue Reading »
Wine Country Video: Short-Selling Guru Jim Chanos - "China: The Edifice Complex"
by Canadian Value - Apr 27, 2013
The following is the videotaped speech of the Jim Chanos presentation at this year's Wine Country Conference held early in April: _http://www.gurufocus.com/news/217031/short-selling-guru-jim-chanos--presentation-on-china-april-2013

The video goes along with the presentation slides released previously. Continue Reading »
Jim Chanos Gives Us a Long-Short Trade in the Technology Sector
by Canadian Value - Apr 24, 2013
Chanos has two long positions in his hedge fund. They are Samsung and Apple (AAPL).

He doesn't think the fundamentals on Apple have changed much. Continue Reading »
Short Selling Guru Jim Chanos - Presentation on China (April 2013)
by Canadian Value - Apr 20, 2013
Here is a presentation "China: The Edifice Complex" by Jim Chanos.

Chanos China Presentation Continue Reading »
Famed Short-Seller Jim Chanos’ Largest Short Positions
by Holly LaFon - Apr 15, 2013
Jim Chanos is a money manager and famed short-seller through his fund, Kynikos Associates LP, founded in 1985. Chanos’ name often appears in recounts of historical corporate fraud events such as Enron and WorldCom in the early 2000s as a major force for exposing wrongdoing due to his keen eye for business malfunction. The investor also has a running short portfolio of businesses whose stocks he believes will go down – as opposed to up, which their long investors are wishing for. Only his international short positions are available, and can they be viewed via Global Premium Membership.

The largest international short positions of Jim Chanos are: Ocado Group PLC (LSE:OCDO), J.M. AB (OSTO:JM) and ASOS PLC (LSE:ASC). Continue Reading »
Jim Chanos Is Completely Mystified at the Buyout Fund Interest in Dell
by Canadian Value - Apr 09, 2013
I like to follow what the successful, well-known hedge fund managers are investing in. There is no better idea source than the portfolio of someone much smarter than me.

Jim Chanos wisely points out in the interview below that we need to be careful when looking into the 13F filings of hedge fund managers because we can't see the offsetting short positions. Without that information we really don't know how long the hedge fund manager really is. Continue Reading »
Short-Selling Guru Jim Chanos Explains Our Dysfunctional Banking System
by CanadianValue - Apr 05, 2013
The following article is an interview with short-seller Jim Chanos.

Continue Reading »
GameStop: Still in Business?
by Barel Karsan - Apr 04, 2013
GameStop (GME) is easily one of the most controversial companies I've ever written up. Right from my first article on this company some three years ago (all of them are browse-able here), I began to receive a number of bearish comments on the stock. Short interest on this stock has reached upwards of 50%, with the very smart Jim Chanos among them. As a result, I think this investment illustrates some very important lessons that every value investor should remember.

First, predicting the future is hard, even when it seems obvious. Shorts saw the demise of Blockbuster, and saw the same fate awaiting bricks and mortar retailer GameStop. But predicting the timing of such events is wrought with failure. This is why low P/E investing works: today's cash flows turn out to be worth more than the future predictions. Continue Reading »
A Half Hour Interview with Short-Selling Guru Jim Chanos
by CanadianValue - Jan 17, 2013
When you are the world's most well-known short-seller I wonder if you find the ideas or the if the ideas find you?

What I mean is that if you are a small hedge fund manager with a great "short" idea wouldn't it be in your best interests to share that idea with the most high-profile short-seller in the game to help expose the company in question? If you are short, the sooner others realize the flaws of a company the better, as it will increase the time you have to wait to realize investment success. Continue Reading »
Short Selling Guru Jim Chanos Has Some Short Ideas for 2013
by CanadianValue - Dec 23, 2012
A good interview with Chanos where he addresses China, Natural Gas, Coal, Vale (VLE) and Petrobas (PBR).

Jim Chanos has made a very nice living and a big reputation out of seeing what others overlook, particularly when it comes to overvalued companies. The prominent short seller's big wins include sniffing out problems at Enron, Tyco, and WorldCom in the early 2000s before those companies imploded. Chanos figures that if he and his colleagues get two-thirds of their picks right, they are doing very well. This year, as equity markets have rallied, the two short funds he runs are down slightly, versus an 18% decline through November for short sellers tracked by the Dow Jones Credit Suisse Hedge Fund Index. Chanos, 55 years old, founded his own firm, Kynikos Associates, in 1985 and currently oversees about $6 billion of assets. He remains bearish on China, and more recently has been taking a skeptical view of leveraged natural-gas exploration-and-production companies. Barron's sat down with Chanos recently at his midtown Manhattan office. Continue Reading »
Jim Chanos – Recaps His Career as a Short-Seller, What He Is Shorting Today
by CanadianValue - Dec 06, 2012
Some comments from Chanos:

- The first company he looked at as an analyst was an enormous fraud; this turned him onto the short side of the business. Continue Reading »
Jim Chanos, Larry Summers and Others Discuss the Looming Fiscal Cliff
by CanadianValue - Nov 29, 2012
The “Fiscal Cliff” is the greatest thing to happen for the financial networks since the European Debt Crisis!

I saw today that CNBC had one of its trademark countdown-to-doom clocks in the bottom right corner of the screen today. It reminded me of the flashing red oil rig that was on the screen as oil soared to $150 in 2008 during the American oil crisis. Or during the financial crisis when the stock prices of AIG (AIG), Bank of America (BAC) and Citigroup (C) were prominently displayed all day so we could enjoy the panic. Continue Reading »
Jim Chanos: HP Was "Willfully Blind" on Autonomy Deal
by Dheeraj Grover - Nov 21, 2012
Well-known short-seller and hedge fund manager Jim Chanos of Kynikos Associates LP was on CNBC to share his views after Hewlett Packard (HPQ) announced a write down of $8 billion on the Autonomy deal.

-- HP was "willfully blind" and ignored all the red flags regarding Autonomy's aggressive accounting tactics. Continue Reading »
Short-Seller Jim Chanos Buys Long Positions Starbucks and Occidental Petroleum in Q3
by Holly LaFon - Nov 15, 2012
Jim Chanos, founder and president of hedge fund Kynikos Associates, has a better eye for when a company is verging on failure than poised for growth. Thus, he dedicates most of his fund to short positions. Famous examples include his prescient calls on Enron and Baldwin-United, which he shorted.

Chanos also has $292.3 million in long positions, the two newest of which, according to his updated third quarter portfolio, are Starbucks (SBUX) and Occidental Petroleum Corp (OXY). He identifies both optimal long and short positions through fundamental analysis. Continue Reading »
Why Is Chanos Short African Minerals?
by matsandalex - Nov 12, 2012
Recently, it was revealed that Jim Chanos is short African Minerals (AMI.London), Vale (VALE) and Hewlett-Packard (HPQ). According to FSA disclosures, Chanos has shorted 0.62% of all the shares of the iron ore producer based out of London.

Chanos has long been bearish about the price of iron ore due to the weakening demand from China. Chanos joins David Einhorn, who expects that iron ore prices will fall to $80 per tonne in the near future. Continue Reading »
Short-Selling Guru Jim Chanos Is Still Short Chinese Banks
by CanadianValue - Nov 05, 2012
Some comments from Jim Chanos:

- The days of 10% growth in China are over, and this is the product of the law of large numbers. Continue Reading »
David Einhorn Shorts Iron Ore
by matsandalex - Nov 03, 2012
David Einhorn recently spoke at the Great Investors' Best Ideas symposium in Dallas where he revealed that he is short iron ore. Einhorn joins Jim Chanos who is also bearish on the price of iron ore and some select iron ore stocks.

Einhorn stated that the equilibrium price for iron ore was around $80 but that it could be in the $60 range by 2014. His 2013 price target for iron ore is $100 next year. Continue Reading »
Why Jim Chanos Shorted Gamestop
by matsandalex - Oct 23, 2012
In April 2012, Jim Chanos revealed some value traps that his firm has shorted. One of the firms that he has persistently cautioned investors about is Gamestop (GME).

Chanos' argument is that the video game retailer will face increasing competition from e-commerce. Similarly, companies like Best Buy (BBY) and Radio Shack (RSH) have struggled with online competition from Amazon.com (AMZN). Continue Reading »
Is Jim Chanos Still Short Consol Energy?
by matsandalex - Oct 17, 2012
Recently, Jim Chanos mentioned that he is finding plenty of short sale candidates in the current market environment.

Chanos has had a spectacular run of good calls over the last two years. He is shorting iron ore, PC companies such as Hewlett-Packard (HPQ) and shorting alternative energy companies like First Solar (FSLR). Continue Reading »
Jim Chanos on Where He Currently Sees Short Selling Opportunity
by CanadianValue - Sep 25, 2012
Jim Chanos, founder and president of Kynikos Associates Ltd., talks about short selling opportunities, strategy in technology and banking stocks and the hedge-fund industry. Chanos, speaking with Betty Liu at the Clinton Global Initiative in New York, also discusses the U.S. election. Continue Reading »