Serengeti Asset Management LP Buys Mr. Cooper Group Inc, PG&E Corp, Eldorado Resorts Inc, Sells Caesars Entertainment Corp, IRSA Inversiones y Representaciones SA, Uniti Group Inc

New York, NY, based Investment company Serengeti Asset Management LP (Current Portfolio) buys Mr. Cooper Group Inc, PG&E Corp, Eldorado Resorts Inc, Waitr Holdings Inc, Texas Pacific Land Trust, sells Caesars Entertainment Corp, IRSA Inversiones y Representaciones SA, Uniti Group Inc, Cumulus Media Inc during the 3-months ended 2019Q2, according to the most recent filings of the investment company, Serengeti Asset Management LP. As of 2019Q2, Serengeti Asset Management LP owns 27 stocks with a total value of $377 million. These are the details of the buys and sells.

For the details of Serengeti Asset Management LP's stock buys and sells, go to https://www.gurufocus.com/guru/serengeti+asset+management+lp/current-portfolio/portfolioportfolio

These are the top 5 holdings of Serengeti Asset Management LP
  1. PowerShares QQQ Trust Ser 1 (QQQ) - 550,000 shares, 27.27% of the total portfolio.
  2. Athene Holding Ltd (ATH) - 900,000 shares, 10.29% of the total portfolio. Shares reduced by 18.18%
  3. iShares iBoxx $ High Yield Corporate Bond ETF (HYG) - 400,000 shares, 9.26% of the total portfolio.
  4. Mr. Cooper Group Inc (COOP) - 3,450,000 shares, 7.34% of the total portfolio. Shares added by 25.45%
  5. iShares iBoxx $ Investment Grade Corporate Bond ET (LQD) - 200,000 shares, 6.60% of the total portfolio.
New Purchase: Eldorado Resorts Inc (ERI)

Serengeti Asset Management LP initiated holding in Eldorado Resorts Inc. The purchase prices were between $43.81 and $53.27, with an estimated average price of $49.02. The stock is now traded at around $41.10. The impact to a portfolio due to this purchase was 1.22%. The holding were 100,000 shares as of .

New Purchase: Waitr Holdings Inc (WTRH)

Serengeti Asset Management LP initiated holding in Waitr Holdings Inc. The purchase prices were between $5.52 and $12.56, with an estimated average price of $8.55. The stock is now traded at around $3.72. The impact to a portfolio due to this purchase was 0.67%. The holding were 400,000 shares as of .

New Purchase: Texas Pacific Land Trust (TPL)

Serengeti Asset Management LP initiated holding in Texas Pacific Land Trust. The purchase prices were between $721.19 and $901.04, with an estimated average price of $808.34. The stock is now traded at around $640.00. The impact to a portfolio due to this purchase was 0.63%. The holding were 3,000 shares as of .

New Purchase: Loma Negra Cia Industria Argentina SA (LOMA)

Serengeti Asset Management LP initiated holding in Loma Negra Cia Industria Argentina SA. The purchase prices were between $9.07 and $12.04, with an estimated average price of $10.55. The stock is now traded at around $11.63. The impact to a portfolio due to this purchase was 0.62%. The holding were 200,000 shares as of .

New Purchase: Studio City International Holdings Ltd (MSC)

Serengeti Asset Management LP initiated holding in Studio City International Holdings Ltd. The purchase prices were between $16.05 and $20.72, with an estimated average price of $18.39. The stock is now traded at around $19.50. The impact to a portfolio due to this purchase was 0.53%. The holding were 100,000 shares as of .

Added: Mr. Cooper Group Inc (COOP)

Serengeti Asset Management LP added to a holding in Mr. Cooper Group Inc by 25.45%. The purchase prices were between $6.81 and $9.58, with an estimated average price of $8.44. The stock is now traded at around $8.78. The impact to a portfolio due to this purchase was 1.49%. The holding were 3,450,000 shares as of .

Added: PG&E Corp (PCG)

Serengeti Asset Management LP added to a holding in PG&E Corp by 25.00%. The purchase prices were between $17.02 and $23.95, with an estimated average price of $20.09. The stock is now traded at around $18.00. The impact to a portfolio due to this purchase was 1.22%. The holding were 1,000,000 shares as of .

Added: YPF SA (YPF)

Serengeti Asset Management LP added to a holding in YPF SA by 30.00%. The purchase prices were between $13.14 and $18.3, with an estimated average price of $15.38. The stock is now traded at around $15.87. The impact to a portfolio due to this purchase was 0.15%. The holding were 130,000 shares as of .

Sold Out: Caesars Entertainment Corp (CZR)

Serengeti Asset Management LP sold out a holding in Caesars Entertainment Corp. The sale prices were between $8.61 and $11.82, with an estimated average price of $9.47.

Sold Out: Cumulus Media Inc (CMLS)

Serengeti Asset Management LP sold out a holding in Cumulus Media Inc. The sale prices were between $15.45 and $18.7, with an estimated average price of $17.51.



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