Kyle Basss HAYMAN CAPITAL MANAGEMENT Just Filed 13F Portfolio for Q2 2015

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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.

Portfolio Q22015
Market Value:$847,301,000
Previous Mkt Value:$62,734,000
Chg Mkt Value %:1250.62%
Sentiment:
Turnover %:1270.65%
Stocks Activity
New Purchases:14
Additional Purchases:23
Sold out:0
Reduced:0
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.

Portfolio New Buys

Top 5 New Buys
Ishares Tr (Put)22.10%
Perrigo Co Plc18.25%
Mylan N V6.25%
Ypf Sociedad Anonima (Call)4.05%
C&J Energy Svcs Ltd2.05%
13F Sector Allocation
Energy42%
Finance29%
Health Care26%
Consumer Discretionary0%
Materials0%

Increased Positions

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.

Portfolio Top Holdings

The chart above provides a snapshot of Hayman Capital Management Lp’s top 10 US-listed securities in this quarter.

Sector Allocation

Energy Sector Hayman Capital Management Lp - Kyle BassHayman 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).

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Download the full 13F form in CSV: Q2-2015-Hayman-Capital-Management-Lp-Kyle-Bass-13F-Portfolio-Stock-Holdings.csv

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Hayman Capital Management Lp – website

13F Filing Link: 000095012315009034

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