Balyasny Asset Management Starts Peabody Energy Position ~ market folly

Monday, February 9, 2015

Balyasny Asset Management Starts Peabody Energy Position

Dmitry Balyasny's hedge fund firm Balyasny Asset Management has filed a 13G with the SEC regarding shares of Peabody Energy (BTU).   Per the filing, Balyasny now owns 5.17% of the company with over 14 million shares.

This is a newly disclosed equity position for the firm as they did not own a position at the end of the third quarter.  The filing was made due to activity on January 30th.

Per Google Finance, Peabody Energy "owns interests in 28 active coal mining operations located in the United States and Australia. The Company has a majority interest in 27 of those coal operations and a 50% equity interests in the Middlemount Mine in Australia. The Company also owns a noncontrolling interest in a mining operation in Venezuela. In addition to the Company's mining operations, the Company markets and broker coals from its operations and other coal producers, both as principal and agent, and trade coal and freight-related contracts through trading and business offices. The Company conducts business through four principal segments: Western United States. Mining, Midwestern U.S. Mining, Australian Mining and Trading and Brokerage."

You can view more recent portfolio activity from Balyasny Asset Management here.

blog comments powered by Disqus