market folly

Dmitry Balyasny's hedge fund firm Balyasny Asset Management has just filed two separate 13G's with the SEC today. 

Starts Laredo Petroleum Position

First, Balyasny has filed on shares of Laredo Petroleum (LPI).  Per the filing, Balyasny now owns 5.31% of the company with over 7.62 million shares.

This is a newly disclosed equity position for the firm as they did not hold a position at the end of the third quarter.  The filing was made due to activity on December 16th.

Balyasny has been actively buying shares of KBR as well as Oasis Petroleum recently too.

Per Google Finance, Laredo Petroleum is "focused on the exploration, development and acquisition of oil and natural gas properties primarily in the Permian region of the United States. The Company’s primary exploration and production fairway in the Permian Basin is centered on the eastern side of the basin 35 miles east of Midland, Texas and extends 20 miles wide (east/west) and 85 miles long (north/south) in Glasscock, Howard, Reagan, Sterling and Tom Green counties, and is referred to as the Permian-Garden City area."


Boosts Penn National Gaming Stake

Second, Balyasny Asset Management has disclosed a 5.74% ownership stake in Penn National Gaming (PENN) with over 4.52 million shares.

This means they've increased their position size by around 840,000 shares since the end of the third quarter. The filing was made due to activity on December 12th.

Per Google Finance, Penn National Gaming is "a diversified owner and manager of gaming and pari-mutuel properties."