Kyle Bass Buys Alcatel, Monster, Yahoo, Tellabs, Sells MGIC

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Kyle Bass , the founder of hedge fund Hayman Advisors, has been very bearish and sold almost all of his long positions at the end of 2011. His views must have changed lately as he bought into many new positions. It is interesting that he bought a lot of technology stocks such as telecom equipment maker Alcatel and Tellabs, online job site Monster and the most storied Yahoo! Etc.

As of 03/31/2012, Hayman Advisors owns 13 stocks with a total value of $143 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

This is the sector weightings of his portfolio:

Technology 46%
Consumer Services 19.5%
Industrials 17.9%
Financials 8.6%
Basic Materials 4.7%
Oil & Gas 1.9%
Utilities 0.7%
Health Care 0.4%



These are the top 5 holdings of Kyle Bass

  1. Alcatel Ads ( ALU ) - 14,909,555 shares, 23.6% of the total portfolio. New Position
  2. Six Flags Entmt ( SIX ) - 598,802 shares, 19.5% of the total portfolio.
  3. Monster Wwd Inc ( MWW ) - 2,000,000 shares, 13.6% of the total portfolio. New Position
  4. Memc Elec Matrl ( WFR ) - 3,588,952 shares, 9.0% of the total portfolio. New Position
  5. Mgic Invstmt Cp ( MTG ) - 2,500,000 shares, 8.6% of the total portfolio. Shares reduced by 75.12%
These are some of the highlights.

New Purchase: Alcatel Ads ( ALU )

His purchase prices were between $1.56 and $2.6, with an estimated average price of $1.98. The impact to his portfolio due to this purchase was 23.6%. His holdings were 14,909,555 shares as of 03/31/2012.

New Purchase: Monster Worldwide Inc ( MWW )

His purchase prices were between $6.64 and $10.22, with an estimated average price of $7.67. The impact to his portfolio due to this purchase was 13.6%. His holdings were 2,000,000 shares as of 03/31/2012. Monster has a market cap of $1.15 billion; its shares were traded at around $8.815 with a P/E ratio of 25.2 and P/S ratio of 1.1.

New Purchase: MEMC Electronic Materials, Inc ( WFR )

His purchase prices were between $3.63 and $5.78, with an estimated average price of $4.1. The impact to his portfolio due to this purchase was 9%. His holdings were 3,588,952 shares as of 03/31/2012.

New Purchase: Tellabs Inc ( TLAB )

Kyle Bass initiated holdings in Tellabs Inc. His purchase prices were between $3.77 and $4.37, with an estimated average price of $3.73. The impact to his portfolio due to this purchase was 6.2%. His holdings were 2,191,238 shares as of 03/31/2012.

New Purchase: Yahoo! Inc ( YHOO )

Kyle Bass initiated holdings in Yahoo! Inc. His purchase prices were between $14.42 and $16.14, with an estimated average price of $14.38. The impact to his portfolio due to this purchase was 5.3%. His holdings were 500,000 shares as of 03/31/2012. Yahoo! Inc. is a global Internet communications, commerce and media company that offers a comprehensive branded network of services. Yahoo! Inc has a market cap of $18.44 billion; its shares were traded at around $15.49 with a P/E ratio of 17.1 and P/S ratio of 3.7.

Reduced: MGIC Investment ( MTG )

Kyle Bass reduced to his holdings in MGIC Investment by 75.12%. He has had a good run with this stock and has since sold � of his position, although he still held 2,500,000 shares as of 03/31/2012. MGIC Investment Corporation is a holding company which, through its wholly owned subsidiary, Mortgage Guaranty Insurance Corporation, is the provider of private mortgage insurance coverage in the United States to the home mortgage lending industry. The stock is traded at around $2.8.

Here is the complete portfolio of Kyle Bass. Also check out the Undervalued Stocks, Top Growth Companies, and High Yield stocks of Kyle Bass.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing

Referenced Stocks: ALU , MWW , TLAB , WFR , YHOO

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