, managing member and principle of Dallas-based Hayman Advisors
LP, slashed his equity exposure in the second quarter, exiting
eight positions and reducing three others. He bought four new
Bass is a macro-focused investor who achieved a 340% return in
his first four years with Hayman. In each of the last several
quarters, he made concentrated bets on companies within the same
sector. In the fourth quarter of 2011, it was oil and gas. In the
first quarter of 2011, it was tech. In the second quarter of
2012, he is more varied, with almost equal weightings in consumer
services and technology, and smaller apportioning in consumer
goods, oil and gas, and industrials.
Bass' newest reported positions are: Electronic Arts (
), Magnum Hunter Resources (
), Whiting USA Trust II (
) and GasLog Ltd. (
Electronic Arts (
Bass purchased 600,000 shares of Electronic Arts at an average
price of $14.33 in the second quarter of 2012. He previously sold
out a position of 450,000 shares in the first quarter of 2011 at
an average price of $18. The company now accounts for 9.3% of
Electronic Arts operates in two principal business segments
globally: EA Core business segment: creation, marketing and
distribution of entertainment software and the EA. Electronic
Arts has a market cap of $4.16 billion; its shares were traded at
around $13.75 with a P/E ratio of 43.6 and P/S ratio of 1.
Magnum Hunter Resources Corp. (
Bass purchased 950,000 shares of Magnum Hunter Resources at an
average price of $5, equating to 5% of his portfolio.
Magnum Hunter Resources Corp., formerly Petro Resources Corp., is
an independent oil and gas company engaged in the acquisition,
drilling and production of oil and natural gas properties and
prospects within the U.S. Magnum Hunter Resources Corp. has a
market cap of $649.6 million; its shares were traded at around
$4.309 with and P/S ratio of 5.
Whiting USA Trust II (
Bass purchased 160,802 shares of Whiting USA Trust II in the
second quarter. The stock has dropped 20% year to date to trade
for $4.33 on Friday.
Whiting USA Trust II is formed to own a term net profits interest
in interest in oil and gas producing properties located in the
Rocky Mountains, Permian Basin, Gulf Coast and Mid-Continent
regions of the U.S. Whiting USA Trust II has a market cap of
$385.3 million; its shares were traded at around $19.622 . The
dividend yield of Whiting USA Trust II stocks is 4.6%.
GasLog Ltd. (
Bass purchased 47,830 shares of GasLog Ltd. at an average price
of $11 in the second quarter.
GasLog Ltd. is an owner, operator and manager of liquefied
natural gas carriers. GasLog Ltd. has a market cap of $613.5
million; its shares were traded at around $10.22.
. Also check out the
, Top Growth Companies and High Yield stocks of Kyle Bass.About
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