Passport Capital Buys McGraw-Hill, Yelp; Sells Hollyfrontier, eBay

John H. Burbank, founder of Passport Capital, continues to have confidence in Cytec Industries Inc. (NYSE:CYT) by having over 10 percent of its portfolio in the specialty chemicals, while trimming its holdings in the oil and gas refining company Hollyfrontier Corp. (NYSE:HFC). John Burbank shot into fame by being one of the prescient investors who profited from the collapse of the housing bubble. In its first quarter 13F filing, Passport Capital revealed that it added 56 new stocks to its portfolio, bought more shares of 29 stocks, exited 70 stocks, while trimmed its holdings in 27 stocks. The global investment…