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Kyle Bass Increases Two Largest Positions

May 17, 2013 | About:
Monica Wolfe

Monica Wolfe

133 followers
Guru Kyle Bass first caught investors’ eyes when he made $500 million by shorting the housing bubble. In a recent interview with Bloomberg, Bass also indicates that 90% of his portfolio is actually long things such as structured mortgages, housing and U.S. stocks. The president and founder of Hyman Capital Management in Dallas bought one new stock, increased two of his current stocks, decreased one and sold out of six in the first quarter of 2013.



Bass’ current portfolio contains eight stocks that are valued at over $165 million. In the most recent quarter, Bass made significant increases in his top two holdings.

Tempur-Pedic International (TPX)

Bass increased his position in Tempur-Pedic by 143.95% in the first quarter. Bass added 950,100 shares at an average price of $39.89 per share. Since his buy, the price of Tempur-Pedic has increased 17.3% from Bass’ average purchase price. He now holds on to 1,610,100 shares of TPX. His holdings in Tempur-Pedic make up 48.5% of his total portfolio.



Click here for the Holding History of other gurus

Tempur-Pedic International is a global manufacturer, marketer and distributor of mattresses and pillows, which it sells globally in 80 countries. The company sells its mattresses and pillows through four distribution channels: Retail, Direct, Healthcare and Third Party Distributors.

Tempur-Pedic currently trades at $46.81. The company has a market cap of $2.79 billion, a P/E ratio of 46.80 and a P/S ratio which is at 2.10. Tempur-Pedic’s average annual earnings growth was 23.5% over the past five years.

Nationstar Mortgage Holdings (NSM)

Kyle Bass increased his holdings in Nationstar Mortgage Holdings by 116.35% in the first quarter. Bass bought 799,700 shares at an average price of $34.23 per share. Since his most recent buy the price per share has increased 19.5% from Bass’ average purchase price. Bass now owns 1,487,046 shares of Nationstar. His holdings in Nationstar make up 33.3% of his portfolio.



Click here for the Holding History of other gurus

Nationstar Mortgage provides residential mortgage loan services. Its servicing portfolio consists of around 389,000 loans. It services residential mortgage loans throughout the U.S. The company’s loan servicing primarily involves the calculation, collection and remittance of principal and interest payments, the administration of mortgage escrow accounts, the collection of insurance claims, the administration of foreclosure procedures, the management of real estate owned and the disbursement of required advances.

Nationstar Mortgage Holdings has a market cap of $4.04 billion, a P/E ratio of 18.20 and a P/S ratio of 3.70. Nationstar Mortgage’s earnings growth in the past year was 413.7%. Nationstar Mortgage Holdings currently trades at $44.49.

You can view Kyle Bass’s portfolio here. Also check out his Undervalued Stocks, Top Growth Companies and High Yield Stocks.


Rating: 3.5/5 (6 votes)

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