1832 Asset Management Portfolio holdings

1832 Asset Management's Q2 2016 Portfolio in Review

As of Q2 2016, 1832 Asset Management held 777 positions worth $25.7B, down 37% from $41B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

1832 Asset Management withdrew a net $788M in Q2 2016, closing 86 positions and reducing 205 holdings. Its most notable exit was Palo Alto Networks, an estimated $220M position sold in full.

By sector, the portfolio is most concentrated in Financials at 22% of assets, down from 24% a quarter earlier, followed by Communication Services and Healthcare.

Against the trend, 1832 Asset Management opened a new position in Waste Connections worth $184M.

• 1832 Asset Management's largest Q2 2016 buy was Waste Connections: 3,810,644 shares worth $184M.
• 1832 Asset Management added most to Canadian Pacific Kansas City in Q2 2016, an estimated $188M increase.
• 1832 Asset Management's biggest Q2 2016 reduction was Allergan plc, cutting an estimated $152M.
• 1832 Asset Management fully exited Palo Alto Networks in Q2 2016, selling an estimated $220M.
• 1832 Asset Management's ten largest holdings make up 24% of its $25.7B portfolio in Q2 2016.
• 1832 Asset Management opened 153 new positions and closed 86 in Q2 2016.
• 1832 Asset Management's portfolio value fell 37% quarter-over-quarter to $25.7B.

Based on 1832 Asset Management's 13F filing for Q2 2016, filed 12 Aug 2016.