Kyle Bass

Kyle Bass

Last Update: 08-14-2015

Number of Stocks: 40
Number of New Stocks: 11

Total Value: $847 Mil
Q/Q Turnover: 66%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Kyle Bass Watch

  • Kyle Bass Focuses on Fuel, Pharmaceutical Stocks in Second Quarter

    If there was a theme to Kyle Bass (Trades, Portfolio)’ investment activity in the second quarter, the founder of Dallas-based Hayman Capital Management L.P., displayed an interest in fuel and pharmaceutical stocks. Not all of Bass’ transactions fit neatly into that category, of course, but many did, including most of the largest ones.


    Bass bought 11 new stakes in the second quarter. He bought 836,593 shares of Perrigo Co. PLC (NYSE:PRGO), an Irish manufacturer of over-the-counter drugs and the most valuable stake in Bass’ portfolio, for an average price of $190.23 per share. The acquisition had an 18.25% impact on his portfolio.

      


  • Valeant Pharmaceuticals' New Female Drug

    Valeant Pharmaceuticals (NYSE:VRX) has confirmed that it will pay $1.0 billion to buy Sprout Pharmaceuticals, the closely held company that has just won U.S. approval to sell the first drug that aims to increase women 's libido. Under the terms of the agreement, which echoes The Wall Street Journal, Valeant will pay $ 500 million in cash upfront and pay the other party early next year, whose pink pills, known as “female Viagra,” will be sold under the name Addyi. The deal is scheduled to close in the third quarter.


    Other acquisitions

      


  • Kyle Bass – Stung By Losses, Hoping for a Comeback

    Not very long ago, J. Kyle Bass (Trades, Portfolio) was one of the hottest brands in the $2.5 trillion global hedge fund industry. Bass anticipated the disintegration of the nation’s mortgage market in 2008, Greece’s economic demise in 2012 and the massive bond-buying program by the Bank of Japan that began in 2013. Investments based on these insights made a mint for both himself and for clients of his $2-billion-asset Hayman Capital, which has its headquarters in Dallas. His track record of identifying global imbalances and profiting from them catapulted the unflappably confident former bond salesman into stardom.


    The investment world viewed him as a visionary who had a clear-headed plan for investing in a world where economies have been wildly distorted by artificially low interest rates. Bass’ spot-on insights also turned him into one of the investment conference circuit’s most powerful draws; and his guest appearances were coveted by business network show hosts because their audience hung on every word uttered by the brashly confident asset manager. Best-selling author Michael Lewis even profiled Bass in the opening pages of his 2011 book, “Boomerang: The Meltdown Tour.”

      


  • Kyle Bass Adds to His Stake in NMI Holdings Inc.

    Kyle Bass (Trades, Portfolio) of Hayman Capital Management has reported an increase in his stake in NMI Holdings Inc. (NASDAQ:NMIH). Bass is the founder and lead portfolio manager of Hayman Capital Management, which he founded in 2006. Bass’ portfolio is primarily focused in the real estate market, and he is well known for his ability to identify real estate market mispricings. Most notably, Bass is known for his substantial investment gains obtained from the use of synthetic credit securities utilized during the subprime mortgage crisis.


    As an investor in the real estate equity market Bass’ portfolio is heavily skewed towards equity real estate investments. His most recent purchase of NMI Holdings is on point with his overall portfolio focus of investing in real estate. Bass first added NMI Holdings to his portfolio in the fourth quarter of 2013 when the company first became publicly traded.

      


  • Kyle Bass Interview With The Real Vision TV

    Kyle Bass (Trades, Portfolio) of Hayman Capital did a interview with The Real Vision TV back in Januray at the Barefoot Economic Summit. 


    Interview With The Real Vision TV:

      


  • Kyle Bass Takes Stake in Argentina-Focused Shale Company

    Investor Kyle Bass (Trades, Portfolio) has procured a 17.1% stake in environmentally conscious unconventional shale oil company Eco-Stim Energy Solutions (NASDAQ:ESES) on July 10, he disclosed Monday.


    Bass’ stake consisted of 2,105,263 shares and joined 23 other positions he added from the oil and gas sector in the first quarter, out of a total of 26 listed positions. Energy stocks consumed 23.6% of his stock portfolio because sizable positions from other sectors dominated his top holdings.

      


  • Why GM Is A Buy

    It has been a few years since General Motors Company (NYSE:GM) resurected from the ashes of its former incarnations bankruptcy. It is still the leading automaker in the States and slowly U.S. taxpayers are forgiving the company its previous mistakes. In October 2010 the automaker integrated AmeriCredit to continue to offer credit to customers. Currently, Fiat Chrysler Automobiles CEO Sergio Marchionne is pursuing GM to merge with the Italian automaker. Sergio Marchionne has a reputation as a briliant manager who is highly skilled at creating shareholder value. His arguments are laid out in a presentation called Confessions of a Capital Junkie. His main point is that automakers are achieving RoIC below their average cost of capital. Long term that is a huge problem, and he thinks the solution lies in a few mega companies. By his estimates a combination of Fiat with another major automaker would result in between $2.8 billion to $5 billion in benefits per year. Fiat and GM’s combined Ebitda is around $19 billion, so that is signficant. GM CEO Mary Barra, meanwhile has indicated to be uninterested.


      


  • Energy Acquisitions Fill Kyle Bass' 10 Most Valuable Stakes List in First Quarter

    Kyle Bass (Trades, Portfolio), founder of Dallas, Texas-based hedge fund Hayman Capital Management, has built a reputation for predicting and benefiting from economic events, such as the subprime mortgage crisis and the European sovereign-debt crisis.


    In the first quarter of 2015, Bass made 24 new buys, most of them in the oil and gas industry at a time when gas prices were beginning to rebound. Bass didn’t touch the two most valuable stakes in his portfolio – NMI Holdings Inc (NASDAQ:NMIH) and General Motors Co (NYSE:GM) – in the first quarter, but new buys filled out the rest of his top 20 holdings, starting with Verso Corp (NYSE:VRS), a Memphis, Tennessee-based producer of coated papers that are used in commercial printing applications that became Bass’ third-most valuable stake. Bass bought 818,670 shares of Verso in the first quarter for an average price of $2.42 per share. The transaction had a 2.35% impact on Bass’ portfolio.

      


  • Kyle Bass Presentation: The Coming Crisis In Japan

    With the benefit of hindsight, huge financial events seem very obvious.


    The housing bubble is one example where trillions of dollars were lent without any regard to whether or not the borrower would repay them. Is it surprising that when a loan originator has no vested financial interest in the quality of the loan that they would care only for volume and not for quality?

      


  • Kyle Bass' New Buys

    Kyle Bass is the managing member and principal of Hayman Capital Management's general partner, formed in December 2005. Hayman Capital Management serves as the investment manager to the Hayman Capital Master Fund LP and Japan Macro Opportunities Master Fund LP.



    Kyle Bass (Trades, Portfolio) makes bold bets according to his view on macroeconomics. He made a fortune in 2007 by betting against sub-prime CDOs.

      


  • An Hour-Long Interview With Hedge Fund Star Kyle Bass

    The "Chain" is a series of interviews between investing peers.


    The first of the series is with Kyle Bass (Trades, Portfolio) who has soared to fame in recent years by getting out in front of the housing bubble, the European debt crisis and now possibly huge structural problems facing Japan.

      


  • George Soros and Dan Loeb Reduced Stake in YPF S.A.

    The Form 13-F is a quarterly report of equity holdings by filed institutional investment managers with at least $100 million in equity assets under management, as required by the United States Securities and Exchange Commission (SEC). Section 13(f) securities generally include equity securities that trade on an exchange (including the Nasdaq National Market System), certain equity options and warrants, shares of closed-end investment companies and certain convertible debt securities. The shares of open-end investment companies (i.e., mutual funds) are not Section 13(f) securities.


    The filing revealed that at the end of last year, Soros Fund Management reduced its stake in YPF S.A. (NYSE:YPF) by 12.57% (1,674,587 shares) and it now holds 11,650,176 ADRs; worth $301.7 million as of the end of the year.

      


  • George Soros and Dan Loeb Reduced Stake in YPF S.A.

    The Form 13-F is a quarterly report of equity holdings by filed institutional investment managers with at least $100 million in equity assets under management, as required by the United States Securities and Exchange Commission (SEC). Section 13(f) securities generally include equity securities that trade on an exchange (including the Nasdaq National Market System), certain equity options and warrants, shares of closed-end investment companies, and certain convertible debt securities. The shares of open-end investment companies (i.e., mutual funds) are not Section 13(f) securities.


    The filing revealed that at the end of last year, Soros Fund Management reduced its stake in YPF S.A. (NYSE:YPF) by 12.57% (1,674,587 shares) and it now holds 11,650,176 ADRs, worth $301.7 million as of the end of the year.

      


  • Hedge Fund Star Kyle Bass Discusses All Things Investing

    Few investors have more interesting opinions on the macro environment than Kyle Bass (Trades, Portfolio).


    Bass isn't just interesting though, he is successful scoring a home run profiting from the collapse of the housing bubble in 2008.

      


  • Kyle Bass adds OXY, OCN and KS to Portfolio

    Kyle Bass (Trades, Portfolio) grew up lower-middle class in Miami, FL. in which his parents lived from paycheck to paycheck, so he never learned firsthand what it meant to invest and save money. However, he took an interest in it when he was in college at Texas Christian University, where he took the class as an elective to his math and science courses. He originally wanted to get into medicine, but changed his major after the world of finance and investing began to intrigue him the more he learned.


    Bass is now the founder and principal of Hayman Capital Management, which has always been his ultimate goal.

      


  • How Good is Your Argument?


    “One of the best ways to get confidence in an idea is to find the best argument out there and see if there is a case that you haven’t considered or if there is something you don’t know. If what I’ve heard are the best arguments that can be made against being short Herbalife, then I want to be short more.”

      


  • Hedge Fund Manager Kyle Bass: GM Has Too Much Capital On Balance Sheet

    Kyle Bass (Trades, Portfolio) thinks if General Motors (NYSE:GM) chooses to be shareholder-focused, it could easily double its current dividend. Bass thinks GM has too much capital on its balance sheet.


    With $27 billion of cash on its balance sheet and $10 billion on their revolver, GM should be paying out more of its cash flow to shareholders.

      


  • Kyle Bass - Only Massive Debt Restructuring Can Save The EU

    He made a killing from the 2008 financial crisis by betting against the right financial instruments. He made a killing betting against Greece's bonds before the world knew that there was a European debt crisis.


    That European crisis is not over.

      


  • Interview With Hedge Fund Manager Kyle Bass – Still Likes GM, Sees More Macro Volatility

    Kyle Bass (Trades, Portfolio) is one of the most celebrated hedge fund managers of the past decade.


    In the interview below he indicates that his firm is still long General Motors (NYSE:GM) – it is his largest position, and he provides an update on his current macro view.

      


  • Tepper: Stocks Interesting, Junk Bonds at Fair Value



  • Kyle Bass Buys Herbalife, American Airlines, 5 Others in Q1

    Kyle Bass (Trades, Portfolio) is founder and managing member of Dallas-based Hayman Capital Management, where he bet correctly against the U.S. subprime crisis and invests primarily using his analysis of macro economics and companies in unusual situations. In the first quarter he turned over half of his portfolio, adding seven new holdings to list 26 stocks in total. At quarter end the top sectors represented in his portfolio were Consumer Cycalical at 26.8%, Communication Services at 18.6% and Energy at 15.2%.


    Kyle Bass (Trades, Portfolio) New Buys

      


  • Hayman Global (Kyle Bass) Presentation - Global Outlook Pitfalls and Opportunities for 2014



  • Hayman's Kyle Bass Discusses Japanese Sell-Off, GM



  • Kyle Bass Makes Contrarian Bet on Nationstar Mortgage

    Kyle Bass (Trades, Portfolio) of management firm Hayman Advisors often takes large positions in companies facing temporary setbacks or another unusual event but that have potential for future growth. His most recent play involves Nationstar Mortgage Holdings Inc. (NYSE:NSM), which he recently increased.


    Bass on March 13 grew his stake in Nationstar by 338.4%. This involved purchasing 3,673,972 shares which that day cost around $31.27 a share. Bass now controls 5.3% of the company.

      


  • Kyle Bass and Paul Singer Top Guru Buys of the Week

    The following information is a highlight of the real-time guru activity we saw this week. To view more information on these gurus, check out their guru portfolios. The “Real Time Picks” reports the stock purchases and sells that Gurus have made within the prior two weeks. If a Guru makes a purchase or sell of a company in which they own a greater-than 5% stake, SEC regulations require them to report their transaction within two days. This week we saw notable increases and buys in Real Time activity from Kyle Bass (Trades, Portfolio) and Paul Singer (Trades, Portfolio).

    Kyle Bass (Trades, Portfolio)   


  • Kyle Bass Thinks that a Nonbank Mortgage Servicer Is More Effective than Banks

    Kyle Bass (Trades, Portfolio) is the Managing Member and Principal of Hayman Advisors LP’s general partner and is well-known for his analysis of the subprime crisis. On Mar. 13, he added Nationstar Mortgage Holdings Inc. (NYSE:NSM) at an average price of $31.97 and currently holds 4,759,610 shares of the stock with a current value of $156 million in his portfolio.


    This guru made his fortune betting against the sub-prime CDOs, so let's take a look at this company and try to explain to investors the reasons why he is betting on it.

      


  • Kyle Bass Discusses GM and Political Machinations



  • Kyle Bass of Hayman Capital Talks About Merit of Nationstar Mortgage, Increased Stake

  • Larger-than-Life Kyle Bass - Top Yields

    Looking through a kaleidoscope of facts about J. Kyle Bass, this guru quickly takes on a colorful and larger-than-life mythos. Hailing from the big-thinking state of Texas, Bass is often described as a big dreamer with a studious and practical streak. His career blossomed almost overnight when he reportedly made around a half a billion dollars betting against subprime CDOs in 2007. Bass comes across as a visionary who asks why not instead of why. He told CNBC that he likes to reduce email time and cut out the noise by learning about world markets through symbiotic relationships with friends like Alan Fournier and other billionaires. Every year Bass invites his notable friends to his ranch in Larue, Texas, for a special event called The Barefoot Economic Summit, Texas (BEST). Bass said he learns more in two days of the summit than in two months of emails.


    Kyle Bass is the managing member and principal of Hayman Advisors LP’s general partner formed in December 2005, with $10 million of his own money. Based in Dallas, Hayman Advisors serves as the investment manager to the Hayman Capital Master Fund LP and Japan Macro Opportunities Master Fund LP. According to GuruFocus research, Guru Kyle Bass shows a pattern of making bold bets based on his view of macroeconomics. He returned 340% in his firm’s first four years, establishing a worldwide reputation for Bass.

      


  • Mauldin Economics Interviews Kyle Bass



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