10-year

10-Year Anniversary Promotion (20% off)

Join GuruFocus Premium Membership Now for Only $279/Year

Once a decade discount

Save up to $500 on Global Membership.

Don't Miss It !

Free 7-day Trial
All Articles and Columns »

Unique Investor Kyle Bass Unloads Five

May 29, 2013 | About:
Sally Jones

Sally Jones

49 followers
Investor J. Kyle Bass is truly unique. What differentiates the principal of Hayman Advisors from other super investors? He’s politically connected but reportedly does not vote and does not read the local newspaper, according to D Magazine. Kyle Bass is also well known for his investment analysis of the subprime crisis and is reported to have made around a half a billion dollars betting against subprime CDOs at a time when very few people could understand what CDOs are.

The recently updated portfolio of Hayman Advisors shows eight stocks, one of them new, with a total value of $165 million and a quarter-over-quarter turnover of 47%. According to GuruFocus research, Guru Kyle Bass also sold out holdings in these five companies as of March 31, 2013. His trading style in the first quarter of 2013 shows a pattern of holding diverse companies for only two or three quarters before getting out:

Sold Out: Vivus (VVUS) – Biotechnology

Kyle Bass sold out his position of 1,545,336 shares at an average price of $12.42 for a gain of 17.3%. Bass held VVUS for two quarters; in the previous quarter he had a loss of 0.4%.

This trade impacts his portfolio by -12.1%.

The current share price is $14.57 compared to past valuations.

1369848493394.png

Sold Out: Newcastle Investment Corporation (NCT) – REIT - Diversified

As of March 31, 2013, Kyle Bass also sold out his position of 2,369,433 shares at an average price of $4.97 for a gain of 1.6%. Bass held NCT for two quarters; in the previous quarter he had a gain of 31.94%.

This trade impacts his portfolio by -12%.

The current share price is $5.05 compared to past valuations.

1369848943798.png

Sold Out: Hyatt Hotels Corporation (H) – Lodging

Kyle Bass also sold out his position of 350,000 shares at an average price of $41.00 for a loss of 0.2%. Bass held Hyatt for three quarters; in the fourth quarter of 2012 he had his highest gain of 10.4%.

This trade impacts his portfolio by -7.9%.

The current share price is $40.93 compared to past valuations.

1369849066094.png

Sold Out: Dynegy Inc. (DYN) – Utilities – Independent Power Producers

As of March 31, 2013, Kyle Bass sold out his position of 524,188 shares at an average price of $20.55 for a gain of 16.6%. Bass held DYN for two quarters; in the fourth quarter of 2012 he had his highest gain of 29.4%.

This trade impacts his portfolio by -5.8%.

The current share price is $23.96 compared to past valuations.

1369849370661.png

Sold Out: Realogy Holdings Corp. (RLGY) – Real Estate Services

Kyle Bass also sold out his position of 100,000 shares at an average price of $45.19 for a gain of 16.4%. Bass held RLGY for two quarters; in the fourth quarter of 2012 he had his highest gain of 40.3%.

This trade impacts his portfolio by -2.4%.

The current share price is $52.62 compared to past valuations.

1369850422982.png

Kyle Bass founded Hayman Advisors in 2005 in Dallas, Texas. His company Hayman Advisors serves as the investment manager to the Hayman Capital Master Fund LP and Japan Macro Opportunities Master Fund LP.





If you are not a Premium Member, we invite you for a 7-day Free Trial.

The GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.

Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.

About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 3.6/5 (7 votes)

Comments

jrhodes
Jrhodes - 1 year ago
ok, but are you going to answer me this time? what is the best way to play the pipeline vs train on LNG or natural gas from the Bakken to Texas and then from Texas to California?

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK