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Long Positions From Famed Short Seller Jim Chanos: Buys FXI, Apple, CNH Global NV, MasterCard Incorporated, Visa

May 15, 2013 | About:
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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.

For the details of Jim Chanos's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Jim+Chanos

This is the sector weightings of his portfolio:

Financial Services 24.4%
Technology 15.8%
Consumer Cyclical 13.4%
Industrials 9.8%
Energy 4.6%


These are the top 5 holdings of Jim Chanos

  1. SanDisk Corp (SNDK) - 313,650 shares, 6.6% of the total portfolio. Shares reduced by 12.34%
  2. Ishares Ftse/xinhua China 25 Index (FXI) - 468,500 shares, 6.6% of the total portfolio. New Position
  3. (UNG) - 768,400 shares, 6.5% of the total portfolio. Shares reduced by 27.75%
  4. KKR & Co LP (KKR) - 829,000 shares, 6.2% of the total portfolio. Shares reduced by 7.22%
  5. (VGK) - 303,400 shares, 5.7% of the total portfolio. Shares added by 8.32%


New Purchase: Ishares Ftse/xinhua China 25 Index (FXI)

Jim Chanos initiated holdings in . His purchase prices were between $36.34 and $41.85, with an estimated average price of $39.53. The impact to his portfolio due to this purchase was 6.6%. His holdings were 468,500 shares as of 03/31/2013. Ishares Ftse/xinhua China 25 Index (etf) has a market cap of $6.32 billion; its shares were traded at around $37.75 . The dividend yield of Ishares Ftse/xinhua China 25 Index (etf) stocks is 2.50%.

New Purchase: Apple Inc (AAPL)

Jim Chanos initiated holdings in Apple Inc. His purchase prices were between $420.05 and $549.03, with an estimated average price of $467.26. The impact to his portfolio due to this purchase was 4.9%. His holdings were 29,100 shares as of 03/31/2013. Apple Inc is a California corporation founded in 1977. Apple Inc has a market cap of $412.41 billion; its shares were traded at around $428.85 with a P/E ratio of 10.20 and P/S ratio of 2.50. The dividend yield of Apple Inc stocks is 2.50%. Apple Inc had an annual average earnings growth of 82.7% over the past 10 years. GuruFocus rated Apple Inc the business predictability rank of 4.5-star.

New Purchase: CNH Global NV (CNH)

Jim Chanos initiated holdings in CNH Global NV. His purchase prices were between $40.19 and $48.31, with an estimated average price of $44.45. The impact to his portfolio due to this purchase was 4.4%. His holdings were 274,500 shares as of 03/31/2013. CNH Global N.V. is the number one manufacturer of agricultural tractors and combines in the world, the third largest maker of construction equipment, and has one of the industry's largest equipment finance operations. Cnh Global Nv has a market cap of $10.09 billion; its shares were traded at around $42.48 with a P/E ratio of 8.50 and P/S ratio of 0.50. Cnh Global Nv had an annual average earnings growth of 10% over the past 5 years.

Sold Out: Rackspace Hosting, Inc. (RAX)

Jim Chanos sold out his holdings in Rackspace Hosting, Inc.. His sale prices were between $49.74 and $79.24, with an estimated average price of $65.22. Rackspace Hosting, Inc. was incorporated in Delaware on March 7, 2000 under the name Rackspace. Rackspace Hosting, Inc. has a market cap of $5.42 billion; its shares were traded at around $40.32 with a P/E ratio of 52.20 and P/S ratio of 4.30. Rackspace Hosting, Inc. had an annual average earnings growth of 27.5% over the past 5 years.

Sold Out: Liberty Media Corporation (LMCA)

Jim Chanos sold out his holdings in Liberty Media Corporation. His sale prices were between $106.99 and $113.06, with an estimated average price of $110.26. Liberty Media Corporation is incorporated in the state of Delaware. Liberty Media Corporation has a market cap of $15.03 billion; its shares were traded at around $126.95 with a P/E ratio of 1.70 and P/S ratio of 5.70.

Sold Out: Huntington Ingalls Industries Inc (HII)

Jim Chanos sold out his holdings in Huntington Ingalls Industries Inc. His sale prices were between $43.17 and $54.08, with an estimated average price of $46.91. Huntington Ingalls Industries, Inc. formerly known as New Ships, Inc. Huntington Ingalls Industries Inc has a market cap of $2.7 billion; its shares were traded at around $54.58 with a P/E ratio of 17.30 and P/S ratio of 0.40. The dividend yield of Huntington Ingalls Industries Inc stocks is 0.40%.

Sold Out: Deutsche Bank AG (DB)

Jim Chanos sold out his holdings in Deutsche Bank AG. His sale prices were between $39.07 and $52.7, with an estimated average price of $46.53. Deutsche Bank Aktiengesellschaft was founded in Berlin in 1870. Deutsche Bank Ag has a market cap of $44.03 billion; its shares were traded at around $47.41 with a P/E ratio of 70.20 and P/S ratio of 1.00. The dividend yield of Deutsche Bank Ag stocks is 1.50%.

Added: (EEM)

Jim Chanos added to his holdings in by 11.74%. His purchase prices were between $41.8 and $45.23, with an estimated average price of $43.71. The impact to his portfolio due to this purchase was 0.45%. His holdings were 260,800 shares as of 03/31/2013. Ishares Msci Emerging Markets Indx (etf) has a market cap of $41.05 billion; its shares were traded at around $43.39 . The dividend yield of Ishares Msci Emerging Markets Indx (etf) stocks is 1.90%.

Added: (VGK)

Jim Chanos added to his holdings in by 8.32%. His purchase prices were between $48.26 and $51.46, with an estimated average price of $49.87. The impact to his portfolio due to this purchase was 0.44%. His holdings were 303,400 shares as of 03/31/2013. Vanguard Msci Europe Etf has a market cap of $3.72 billion; its shares were traded at around $52.36 . The dividend yield of Vanguard Msci Europe Etf stocks is 3.80%.

Added: MasterCard Incorporated (MA)

Jim Chanos added to his holdings in MasterCard Incorporated by 12.28%. His purchase prices were between $491.28 and $541.13, with an estimated average price of $520.59. The impact to his portfolio due to this purchase was 0.44%. His holdings were 19,200 shares as of 03/31/2013. MasterCard Incorporated was incorporated as a Delaware stock corporation in May 2001. Mastercard Incorporated has a market cap of $68.13 billion; its shares were traded at around $574.36 with a P/E ratio of 25.20 and P/S ratio of 9.50. The dividend yield of Mastercard Incorporated stocks is 0.30%.

Added: Citigroup Inc (C)

Jim Chanos added to his holdings in Citigroup Inc by 7.89%. His purchase prices were between $39.56 and $47.6, with an estimated average price of $43.42. The impact to his portfolio due to this purchase was 0.41%. His holdings were 332,200 shares as of 03/31/2013. Citigroup Inc. was incorporated in 1988 under the laws of the State of Delaware. Citigroup Inc has a market cap of $152.57 billion; its shares were traded at around $51.34 with a P/E ratio of 18.10 and P/S ratio of 2.10. The dividend yield of Citigroup Inc stocks is 0.10%.

Added: Visa, Inc. (V)

Jim Chanos added to his holdings in Visa, Inc. by 10.27%. His purchase prices were between $151.58 and $169.84, with an estimated average price of $158.99. The impact to his portfolio due to this purchase was 0.37%. His holdings were 61,200 shares as of 03/31/2013. Visa Inc. is a Delaware Corporation. It is a global payments technology company that connects consumers, businesses, banks and governments in more than 200 countries and territories, enabling them to use digital currency instead of cash and checks. Visa, Inc. has a market cap of $142.84 billion; its shares were traded at around $181.76 with a P/E ratio of 50.90 and P/S ratio of 10.90. The dividend yield of Visa, Inc. stocks is 0.60%. Visa, Inc. had an annual average earnings growth of 14.4% over the past 5 years.

Added: EOG Resources (EOG)

Jim Chanos added to his holdings in EOG Resources by 7.96%. His purchase prices were between $120.79 and $134.1, with an estimated average price of $126.93. The impact to his portfolio due to this purchase was 0.34%. His holdings were 93,600 shares as of 03/31/2013. EEOG Resources, Inc. is a Delaware corporation organized in 1985. Eog Resources has a market cap of $35.84 billion; its shares were traded at around $134.69 with a P/E ratio of 49.30 and P/S ratio of 3.00. The dividend yield of Eog Resources stocks is 0.50%. Eog Resources had an annual average earnings growth of 11.7% over the past 10 years. GuruFocus rated Eog Resources the business predictability rank of 2.5-star.

Added: JPMorgan Chase & Co (JPM)

Jim Chanos added to his holdings in JPMorgan Chase & Co by 7.7%. His purchase prices were between $43.969 and $51, with an estimated average price of $47.94. The impact to his portfolio due to this purchase was 0.33%. His holdings were 254,500 shares as of 03/31/2013. JPMorgan Chase & Co is a global financial services firm and banking institutions in the United States of America with operations worldwide. Jpmorgan Chase & Co has a market cap of $190.95 billion; its shares were traded at around $51.09 with a P/E ratio of 9.10 and P/S ratio of 2.00. The dividend yield of Jpmorgan Chase & Co stocks is 2.40%. Jpmorgan Chase & Co had an annual average earnings growth of 5.7% over the past 10 years. GuruFocus rated Jpmorgan Chase & Co the business predictability rank of 3.5-star.

Reduced: (SPY)

Jim Chanos reduced to his holdings in by 37.08%. His sale prices were between $142.41 and $156.73, with an estimated average price of $151.35. The impact to his portfolio due to this sale was -2.37%. Jim Chanos still held 72,300 shares as of 03/31/2013. Standard and Poor's Depository Reciepts trust is involved in the financial services industry. Spdr S&p 500 Etf has a market cap of $125.4 billion; its shares were traded at around $166.12 . The dividend yield of Spdr S&p 500 Etf stocks is 2.00%.

Reduced: (UNG)

Jim Chanos reduced to his holdings in by 27.75%. His sale prices were between $17.57 and $22.24, with an estimated average price of $19.42. The impact to his portfolio due to this sale was -2.19%. Jim Chanos still held 768,400 shares as of 03/31/2013. United States Natural Gas Fund, Lp has a market cap of $147.9 million; its shares were traded at around $22.00 .

Reduced: (MDY)

Jim Chanos reduced to his holdings in by 33.85%. His sale prices were between $185.71 and $209.72, with an estimated average price of $200.41. The impact to his portfolio due to this sale was -2.06%. Jim Chanos still held 55,700 shares as of 03/31/2013. Spdr S&p Midcap 400 Etf has a market cap of $23.01 billion; its shares were traded at around $219.54 . The dividend yield of Spdr S&p Midcap 400 Etf stocks is 1.00%.

Here is the complete portfolio of Jim Chanos. Also check out:

1. Jim Chanos's Undervalued Stocks

2. Jim Chanos's Top Growth Companies, and

3. Jim Chanos's High Yield stocks

4. Stocks that Jim Chanos keeps buying


Rating: 3.5/5 (4 votes)

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