Kyle Bass (Trades, Portfolio) is founder and managing member of Dallas-based Hayman Capital Management, where he bet correctly against the U.S. subprime crisis and invests primarily using his analysis of macro economics and companies in unusual situations. In the first quarter he turned over half of his portfolio, adding seven new holdings to list 26 stocks in total. At quarter end the top sectors represented in his portfolio were Consumer Cycalical at 26.8%, Communication Services at 18.6% and Energy at 15.2%.
Kyle Bass (Trades, Portfolio) New Buys
Energy XXI Ltd. (EXXI, Financial)
Bass bought 2,679,800 shares of Energy XXI Ltd. in the first quarter, making it his largest new holding at 6.1% of his portfolio. The stock’s fourth quarter share price was $24.
Energy XXI (Bermuda) Ltd. was incorporated in Bermuda on July 25, 2005. Energy XXI (Bermuda) Ltd. has a market cap of $1.43 billion; its shares were traded at around $20.34 with a P/E ratio of 19.0 and P/S ratio of 1.40. The dividend yield of Energy XXI (Bermuda) Ltd. stocks is 2.40%.
Digital Realty Trust Inc. (DLR, Financial)
Bass purchased 1,021,150 shares of Digital Realty Trust, giving it a 5.2% portfolio weight. The share price averaged $24 in the first quarter.
Digital Realty Trust Inc. is a Maryland corporation, formed on March 9, 2004. Digital Realty Trust Inc. has a market cap of $7.88 billion; its shares were traded at around $58.19 with a P/E ratio of 27.80 and P/S ratio of 4.90. The dividend yield of Digital Realty Trust Inc stocks is 5.40%. Digital Realty Trust Inc. had an annual average earnings growth of 13.90% over the past 10 years.
American Eagle Outfitters (AEO, Financial)
Bass purchased 2,596,844 American Eagle Outfitters shares, a 3% portfolio weight. The company’s average first quarter share price was $14.
American Eagle Outfitters was founded in 1977 by brothers Jerry and Mark Silverman as a subsidiary of Retail Ventures Inc. American Eagle Outfitters has a market cap of $2.24 billion; its shares were traded at around $11.55 with a P/E ratio of 27.40 and P/S ratio of 0.70. The dividend yield of American Eagle Outfitters stocks is 4.30%.
American Airlines Group Inc. (AAL, Financial)
Bass bought 754,000 shares of American Airlines Group Inc., representing 2.6% of the portfolio. His average share price was $34 for the first quarter.
AMR Corp was incorporated in October 1982 and operates in the airline industry. American Airlines Group Inc. has a market cap of $27.55 billion; its shares were traded at around $38.25 with a P/E ratio of 10.30 and P/S ratio of 0.40.
Herbalife Ltd. (HLF, Financial)
Bass purchased 318,000 Herbalife shares in the first quarter, making it 1.7% of his portfolio. His share price averaged $66 in the first quarter.
Herbalife Ltd. was founded in 1980. The company is a global nutrition company that sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products as well as personal care products. Herbalife Ltd. has a market cap of $5.97 billion; its shares were traded at around $60.81 with a P/E ratio of 12.40 and P/S ratio of 1.30. The dividend yield of Herbalife Ltd. stocks is 2.0%. Herbalife Ltd. had an annual average earnings growth of 18.60% over the past 10 years. GuruFocus rated Herbalife Ltd. the business predictability rank of 3.5-star.
Anadarko Petroleum Corp. (APC, Financial)
Bass acquired 60,400 shares of Anadarko Petroleum, giving the holding a 0.49% position. The first quarter share price averaged $82 a share.
Anadarko Petroleum Corp. was incorporated in the State of Delaware. Anadarko Petroleum Corp. has a market cap of $50.12 billion; its shares were traded at around $99.24 with a P/E ratio of 63.40 and P/S ratio of 3.0. The dividend yield of Anadarko Petroleum Corp. stocks is 0.60%. Anadarko Petroleum Corp. had an annual average earnings growth of 12.20% over the past five years.
Bass bought 62,500 ADT Corp. shares in the first quarter, for a 0.18% portfolio weight. The stock’s share price averaged $33 in the first quarter.
ADT Corp. is a provider of electronic security, interactive home and business automation and related monitoring services. ADT Corp. has a market cap of $5.53 billion; its shares were traded at around $31.76 with a P/E ratio of 17.20 and P/S ratio of 1.90. The dividend yield of ADT Corp. stocks is 2.10%.
For more Kyle Bass (Trades, Portfolio) stocks, go to his portfolio here. Not a Premium Member of GuruFocus? Try it free for 7 days here!
