Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

New Additions Highlight Kyle Bass’ Top Stock Picks for Q4

#3 CF Industries Holdings, Inc. (NYSE:CF)

Shares held (as of September 30): 464,101

Total Value (as of September 30): $20.84 million

Another newly-initiated stake by Bass during the July-to-September period, Hayman Advisors’ top bet in the fertilizer industry has seen its stock price fall by more than 13% so far this year. In comparison, the industry has posted average losses of 9.26% during the same period. The hedge funds that we track were generally bullish on the company during the third trimester, as a total of 50 funds had an aggregate investment worth $1.91 billion in the company at the end of September, compared to 47 firms with $2.29 billion worth of shares at the end of the June quarter. The stock fell by more than 30% during this period. D.E Shaw heads the list of CF Industries Holdings, Inc. (NYSE:CF)’s stockholders within our database, owning about 11.52 million shares valued at $517.33 million.

#2 Impax Laboratories Inc (NASDAQ:IPXL)

Shares held (as of September 30): 606,618

Total Value (as of September 30): $21.36 million

So far this year, the stock price of the specialty pharmaceutical company has accelerated by more than 38%. In its financial results for the third quarter, Impax Laboratories Inc (NASDAQ:IPXL) delivered EPS of $0.40, which was $0.01 more than estimates, while its revenue of $221.1 million was also $6.65 million above expectations and marked a 39.9% increase from the same quarter of last year. Jonathan Auerbach‘s Hound Partners held 7.11 million shares of Impax Laboratories Inc (NASDAQ:IPXL) at the end of September.

Follow Rcs Capital Corp (NYSE:RCAP)
Trade (NYSE:RCAP) Now!

#1 NMI Holdings Inc (NASDAQ:NMIH)

Shares held (as of September 30): 7.37 million

Total Value (as of September 30): $56.02 million

Hayman has held a stake in NMI Holdings Inc (NASDAQ:NMIH) since the company’s IPO in the fourth quarter of 2013, and the firm remains a champion of it, adding some 1.88 million shares to the holding in the third quarter. NMI Holdings changed the way it prices borrower-paid mortgage insurance (BPMI) some months back, which has led to less competitive pricing for borrowers with FICO scores less than 740. However, for borrowers with a lower probability of default, it offers more competitive pricing than other players in the market. Howard Marks‘ Oaktree Capital Management owns about 5.47 million shares of NMI Holdings Inc (NASDAQ:NMIH).

Follow Nmi Holdings Inc. (NASDAQ:NMIH)
Trade (NASDAQ:NMIH) Now!

Disclosure: None

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading...