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What Were Jim Chanos’s Largest Holdings in 3Q17?

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Jim Chanos’s largest holdings

Billionaire investor Jim Chanos has taken short and long positions in various stocks so far in this year. In 3Q17, he made a substantial investment in the finance sector (XLF) and various ETFs.

His firm Kynikos Associates’ largest holdings in 3Q17 were the iShares Russell 2000 ETF (IWM), the SPDR S&P MidCap 400 ETF (MDY), the SPDR S&P 500 ETF (SPY) Call Option, the iShares Core S&P 500 ETF (IVV), and the iShares MSCI EAFE ETF (EFA). These ETFs constitute 11.8%, 10.9%, 10.4%, 7.5%, and 5.9%, respectively, of Kynikos Associates’ portfolio in 3Q17.

The strong position in these ETFs indicates that he’s optimistic about the performance of the S&P 500 Index and mid-cap stocks of the United States (SPX-INDEX). Major US indexes and ETFs provided strong performances so far this year.

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His top buys  

His firm’s top buys in 3Q17 include the PowerShares QQQ ETF (QQQ) Call Option, Lowe’s Companies’ (LOW) Call Option, the iShares Russell 2000 ETF (IWM), the Vanguard S&P 500 ETF (VOO), and the Raytheon Company’s (RTN) Call Option. His firm increased its position in these stocks by 2.6%, 1.7%, 1.5%, 1.0%, and 0.99%, respectively.

You may be interested to read, Bill Gross: Investors Should Be Careful about These Risks in 2018.

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