This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Kyle Bass Gets In On Herbalife, Microsoft, J.C. Penney

Stocks in this article: BTUHLFPMTTPXVODVVUS

Kyle Bass’ Hayman Capital got in on a few embattled and controversial stocks during the September quarter. His latest 13F filing shows that his new stocks for the September quarter included Herbalife Ltd (HLF), J.C. Penney Company, Inc. (JCP) and Microsoft Corporation (MSFT).

During the third quarter of the year, Kyle Bass’ firm bought 11 new stocks and increased its holdings in two other stocks. It also exited three stocks but did not cut its position in any companies.

Kyle Bass picks up embattled stocks Herbalife, J.C. Penney

Bass’ new position in Herbalife Ltd (HLF) is especially interesting because this stock is one that just keeps dragging investors in. Hedge fund manager and activist investor Bill Ackman announced a big short of Herbalife almost a year ago and called the company a pyramid scheme. Since then, other hedge fund managers have been lining up.

Bass is one of the most recent to get in on the action, according to his regulatory filing. In February, Bass said he hadn’t done any research on Herbalife and didn’t have any shares of it. Apparently he’s done his research since then. His position was worth more than $30.4 million at the end of September, and he owned more than 436,000 shares at that time. Stanley Druckenmiller also got in on the Herbalife action during the September quarter, according to his regulatory filing released today as well.

Another interesting new stock for Kyle Bass is J.C. Penney Company, Inc. (JCP). This is another one that’s been in the spotlight thanks to Bill Ackman. Unlike Herbalife Ltd (HLF) at least so far, Ackman actually backed off of J.C. Penney. During the September quarter, Bass snapped up almost 5.7 million shares of the retailer.

Bass’ other new stocks

Another big purchase during the third quarter was Microsoft Corporation (MSFT) of which Kyle Bass bought 1.5 million shares. The tech giant became his fourth biggest holding, making up 12% of his portfolio. He also picked up 1.3 million shares of Vodafone Group Plc ADR (VOD) and 3.6 million shares of PennyMac Mortgage Investment Trust (PMT), which became his largest position.

Bass' increased holdings and stock exits

During the third quarter of the year, Kyle Bass added to his position in Tempur Sealy International Inc (TPX), making it his second largest position. His other increased holding was Dex Media Inc (DXM).

All of Bass’ exits during the quarter were call options: Apple Inc. (AAPL), VIVUS, Inc. (VVUS) and Peabody Energy Corporation (BTU).

-By Michelle Jones

null

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,461.32 -153.49 -0.92%
S&P 500 1,927.11 -14.17 -0.73%
NASDAQ 4,382.8470 -36.6310 -0.83%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs