Cypress Semiconductor Corp (CY): Three Bays Capital Surges Position

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Matthew Sidman‘s Three Bays Capital has surged its position in Cypress Semiconductor Corporation (NASDAQ:CY) by over 40% since the beginning of the year, to 22.46 million shares according to a new 13D filing. Three Bays, which had surged its stake by over 80% to 18.49 million shares back in June, ended up cutting it by 27% in the fourth quarter, to 15.86 million shares.  With shares having fallen by 14% this year and the semiconductor industry poised for a rebound in the second half of 2016, it appears that Mr. Sidman has become more bullish on the stock than ever. Billionaire George Soros is also a major investor in Cypress Semiconductor.

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Three Bays Capital 22,462,774 0 22,462,774 0 22,462,774 7.1%
TBC GP 22,462,774 0 22,462,774 0 22,462,774 7.1%
TBC Master 22,462,774 0 22,462,774 0 22,462,774 7.1%
TBC Partners GP 22,462,774 0 22,462,774 0 22,462,774 7.1%
Matthew Sidman 22,462,774 0 22,462,774 0 22,462,774 7.1%

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Page 1 of 10 SEC Filing

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
 
 
SCHEDULE 13D
 
Under the Securities Exchange Act of 1934
(Amendment No.     )*
 
 
Cypress Semiconductor Corporation
(Name of Issuer)
 
Common Stock, $0.01 Par Value
(Title of Class of Securities)
 
232806109
(CUSIP number)
 
 Martha Mensoian
General Counsel
Three Bays Capital LP
222 Berkeley Street, 19th Floor
Boston, Massachusetts 02116
617-954-1400
(Name, address and telephone number of person authorized to receive notices and communications)
 
March 3, 2016
(Date of event which requires filing of this statement)
 
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box.  [X]
 
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
*
The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
 
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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