Hedge fund manage Kyle Bass just reported his fourth quarter portfolio. He sold out almost all of his long positions and bought large positions of index put to his portfolio. His portfolio move is very bearish. Is he seeing something that others cannot see as the market continues to make new highs?
Kyle Bass did buy into one long position, which is the beaten down mortgage insurer MGIC Corp. (MTG, Financial). He kept his small positions in Six Flags and APU technologies unchanged, and sold out all other long positions such as Golar LNG Partners Lp, McMoRan Exploration Co., Imation Corp., Earthlink Inc., Tessera Technologies Inc. As of 12/31/2011, Kayle Bass’s firm Hayman Advisors owns 6 positions with a total value of $68 million. These are the details of the buys and sells.
For the details of Kyle Bass's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Kyle+Bass
New Purchase: Mgic Investment Corp. (MTG)
Kyle Bass initiated holdings in Mgic Investment Corp.. His purchase prices were between $1.63 and $3.83, with an estimated average price of $2.84. The impact to his portfolio due to this purchase was 6.9%. His holdings were 10,047,937 shares as of 12/31/2011.
Sold Out: Golar Lng Partners Lp (GMLP, Financial)
Kyle Bass sold out his holdings in Golar Lng Partners Lp. His sale prices were between $23.3 and $30.66, with an estimated average price of $27.81.
Sold Out: Mcmoran Exploration Co. (MMR, Financial)
Kyle Bass sold out his holdings in Mcmoran Exploration Co.. His sale prices were between $8.98 and $16.47, with an estimated average price of $13.24.
Sold Out: Imation Corp. (IMN, Financial)
Kyle Bass sold out his holdings in Imation Corp.. His sale prices were between $5.4 and $7.93, with an estimated average price of $6.46.
Sold Out: Earthlink Inc. (ELNK, Financial)
Kyle Bass sold out his holdings in Earthlink Inc.. His sale prices were between $5.97 and $7.22, with an estimated average price of $6.52.
Sold Out: Tessera Technologies Inc. (TSRA, Financial)
Kyle Bass sold out his holdings in Tessera Technologies Inc.. His sale prices were between $11.27 and $17.42, with an estimated average price of $15.05.
Here is the complete portfolio of Kyle Bass. Also check out the Undervalued Stocks, Top Growth Companies, and High Yield stocks of Kyle Bass.
Kyle Bass did buy into one long position, which is the beaten down mortgage insurer MGIC Corp. (MTG, Financial). He kept his small positions in Six Flags and APU technologies unchanged, and sold out all other long positions such as Golar LNG Partners Lp, McMoRan Exploration Co., Imation Corp., Earthlink Inc., Tessera Technologies Inc. As of 12/31/2011, Kayle Bass’s firm Hayman Advisors owns 6 positions with a total value of $68 million. These are the details of the buys and sells.
For the details of Kyle Bass's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Kyle+Bass
New Purchase: Mgic Investment Corp. (MTG)
Kyle Bass initiated holdings in Mgic Investment Corp.. His purchase prices were between $1.63 and $3.83, with an estimated average price of $2.84. The impact to his portfolio due to this purchase was 6.9%. His holdings were 10,047,937 shares as of 12/31/2011.
Sold Out: Golar Lng Partners Lp (GMLP, Financial)
Kyle Bass sold out his holdings in Golar Lng Partners Lp. His sale prices were between $23.3 and $30.66, with an estimated average price of $27.81.
Sold Out: Mcmoran Exploration Co. (MMR, Financial)
Kyle Bass sold out his holdings in Mcmoran Exploration Co.. His sale prices were between $8.98 and $16.47, with an estimated average price of $13.24.
Sold Out: Imation Corp. (IMN, Financial)
Kyle Bass sold out his holdings in Imation Corp.. His sale prices were between $5.4 and $7.93, with an estimated average price of $6.46.
Sold Out: Earthlink Inc. (ELNK, Financial)
Kyle Bass sold out his holdings in Earthlink Inc.. His sale prices were between $5.97 and $7.22, with an estimated average price of $6.52.
Sold Out: Tessera Technologies Inc. (TSRA, Financial)
Kyle Bass sold out his holdings in Tessera Technologies Inc.. His sale prices were between $11.27 and $17.42, with an estimated average price of $15.05.
Here is the complete portfolio of Kyle Bass. Also check out the Undervalued Stocks, Top Growth Companies, and High Yield stocks of Kyle Bass.
