Absolute Return Capital Portfolio holdings

Absolute Return Capital's Q1 2015 Portfolio in Review

As of Q1 2015, Absolute Return Capital held 702 positions worth $3.79B, down 22% from $4.85B the previous quarter. Its ten largest holdings account for 15% of the portfolio.

Absolute Return Capital withdrew a net $1.04B in Q1 2015, closing 110 positions and reducing 339 holdings. Its most notable exit was Procter & Gamble, an estimated $37.4M position sold in full.

By sector, the portfolio is most concentrated in Energy at 19% of assets, down from 19% a quarter earlier, followed by Industrials and Healthcare.

Against the trend, Absolute Return Capital opened a new position in Darden Restaurants worth $15.7M.

• Absolute Return Capital's largest Q1 2015 buy was Darden Restaurants: 253,886 shares worth $15.7M.
• Absolute Return Capital added most to Pinnacle West Capital in Q1 2015, an estimated $15.8M increase.
• Absolute Return Capital's biggest Q1 2015 reduction was CVS Health, cutting an estimated $46.1M.
• Absolute Return Capital fully exited Procter & Gamble in Q1 2015, selling an estimated $37.4M.
• Absolute Return Capital's ten largest holdings make up 15% of its $3.79B portfolio in Q1 2015.
• Absolute Return Capital opened 74 new positions and closed 110 in Q1 2015.
• Absolute Return Capital's portfolio value fell 22% quarter-over-quarter to $3.79B.

Based on Absolute Return Capital's 13F filing for Q1 2015, filed 15 May 2015.