Jim Chanos’ 5 Short Positions in 2023

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1. First Republic Bank (NYSE:FRC)

Value of Put Option: $12,129,330
Year to Date Decline: 99%

First Republic Bank (NYSE:FRC) is one stock that has imploded in a catastrophic fashion and, in the process, generated significant returns for short sellers. The bank failed earlier in the year at the height of the banking crisis as its loan portfolio was poorly structured to face rising interest rates. Poor performance and subsequent bank run has resulted in the stock plummeting by over 99% year to date.

Chanos is believed to have been one of the biggest beneficiaries of the First Republic Bank (NYSE:FRC) implosion as he was short the stock through Put calls.

Follow First Republic Bank S F New (NYSE:FRC)

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