Kynikos Associates, managed by famed short seller Jim Chanos, recently filed its first quarter Form 13F disclosing its long equity positions as of March 31.
Its portfolio, focused on financial stocks -- which account for 45 percent of its total value, lost about 24 percent in market value over the quarter, and is now valued at $212.7 million.
This article will take a look at some of the most relevant moves and positions of the first quarter.
Top Five
When looking at Kynikos’ top five holdings (in terms of market value), one thing quickly stands out: all of them are ETFs. Following a 50 percent increase in the fund’s stake, the SPDR S&P MidCap 400 ETF (NYSE: MDY) displaced Sunedison Inc (NYSE: SUNE) from the front-runner spot. Worth more than $13 million, Chanos’ 47,154 shares of the ETF ...
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