Kyle Bass isn’t a big equity guy, but we should note one big move he made in Hayman Adivsor’s portfolio last quarter.
He opened a brand new stake in Citigroup, and the financial is now his biggest holding. Also notable is his sizable new stake in Bank of America.
Here’s what Bass did last quarter:
He opened stakes in:
- Citigroup – ~$16 million (4 million shares)
- Six Flags – ~$13 million (~300,000 shares)* he bought its debt in bankruptcy
- Bank of America – ~$13 million (1 million shares)