Balyasny Asset Management Increases KBR Position ~ market folly

Wednesday, December 17, 2014

Balyasny Asset Management Increases KBR Position

Dmitry Balyasny's hedge fund Balyasny Asset Management has filed a 13G with the SEC regarding its position in KBR (KBR).  Per the filing, Balyasny now owns 5.57% of KBR with over 8 million shares.

They've increased their position size by over 6.97 million shares since the end of the second quarter and the filing was required due to portfolio activity on December 11th.

Just yesterday, we posted up about another stock Balyasny has been buying.

Per Google Finance, KBR is "a global engineering, construction and services company supporting the energy, hydrocarbons, Government services, minerals, civil infrastructure, power, industrial and commercial markets."

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