Hayman Capital Management Lp Portfolio Analysis
Kyle Bass’s Hayman Capital Management Lp just filed its quarterly 13F. Dated 17/08/2015, the 13f report reveals the hedge fund has a portfolio value of $847.30 million, representing an increase of $784.57 million from the previous quarter when it was $62.73 million. Note: This filling reprents about 36.59% of Hayman Capital Management Lp’s assets, which which are listed in the US.
|Previous Mkt Value:||$62,734,000|
|Chg Mkt Value %:||1||250.62%|
|Top 10 Holdings %:||66.47%|
Based on $2.32 billion in assets under management, Hayman Capital Management Lp’s equity exposure represents 36.59% of assets.
Fund New Positions
In this quarter, Kyle Bass’s Hayman Capital Management Lp started positions in Ishares Tr (Put) (IWM) for $187.29 million, Perrigo Co Plc (PRGO) for $154.63 million, Mylan N V (MYL) for $52.95 million, Ypf Sociedad Anonima (Call) (YPF) for $34.29 million and C&J Energy Svcs Ltd for $17.34 million. These were the 5 biggest new positions. In total the hedge fund bought 14 new stocks.
|Top 5 New Buys|
|Ishares Tr (Put)||22.10%|
|Perrigo Co Plc||18.25%|
|Mylan N V||6.25%|
|Ypf Sociedad Anonima (Call)||4.05%|
|C&J Energy Svcs Ltd||2.05%|
|13F Sector Allocation|
As shown in this 13f report the hedge fund raised its stakes in Bonanza Creek Energy Inc (BCEI) by 2465% to $14.71 million, Concho Res Inc (CXO) by 1820% to $14.67 million, Whiting Pete Corp New (WLL) by 2102% to $18.58 million, Oasis Pete Inc New (OAS) by 2064% to $18.68 million and Sanchez Energy Corp (SN) by 2384% to $14.42 million. Hayman Capital Management Lp also acquired smaller stakes in Continental Resources Inc (CLR) by 1750.28% to $13.74 million, Eog Res Inc (EOG) by 1856.77% to $14.35 million and Anadarko Pete Corp (APC) by 1772.80% to $13.45 million. Building positions gradually is normal strategy for many funds.
Top 5 Holdings
Ishares Tr (Put) (IWM), Perrigo Co Plc (PRGO) and Mylan N V (MYL) made up the majority of Hayman Capital Management Lp’s total US long portfolio in this quarter. These holdings were top 3 and constitute 46.6% of Hayman Capital Management Lp’s US-listed securities. The top 10 holdings make about 66.47% of the fund’s portfolio.
The chart above provides a snapshot of Hayman Capital Management Lp’s top 10 US-listed securities in this quarter.
Hayman Capital Management Lp raised the energy sector from 24% to 42%. The fund cut the Finance, Consumer Discretionary and Materials sector positions by 29%, 29% and 29%, respectively.
So these are Q2 2015 fund’s sector weights now: energy 42% for $355.87 million, finance 29% for $245.72 million and health care 26% for $220.30 million.
Important Position Changes
Top 10 Q2 2015 New Positions: Ishares Tr (Put) (IWM), Perrigo Co Plc (PRGO), Mylan N V (MYL), Ypf Sociedad Anonima (Call) (YPF), C&J Energy Svcs Ltd, Rcs Cap Corp (Put) (RCAP), Valeant Pharmaceuticals Intl (VRX), Pfizer Inc (PFE), Merck & Co Inc New (MRK) and Endo Intl Plc (ENDP).
Hayman Capital Management Lp – website
13F Filing Link: 000095012315009034
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