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Adage Capital Partners Portfolio holdings
AUM
$64.8B
1-Year Est. Return
42.7%
This Fund
S&P 500
This Quarter
Est. Return
+3.25%
1 Year Est. Return
+42.7%
3 Year Est. Return
+139.29%
5 Year Est. Return
+204.38%
10 Year Est. Return
+829.83%
AUM
$36.6B
AUM Growth
-$1.14B
(-3%)
Cap. Flow
-$2.04B
Cap. Flow
% of AUM
-5.58%
Top 10 Holdings %
Top 10 Hldgs %
12.99%
Holding
786
New
113
Increased
243
Reduced
269
Closed
112
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Illinois Tool Works
ITW
|
+$236M |
| 2 |
Verizon
VZ
|
+$229M |
| 3 |
BEAM
BEAM INC COM STK (DE)
BEAM
|
+$198M |
| 4 |
RTN
Raytheon Company
RTN
|
+$163M |
| 5 |
PVH
PVH
|
+$119M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$263M |
| 2 |
General Dynamics
GD
|
+$177M |
| 3 |
Vertex Pharmaceuticals
VRTX
|
+$170M |
| 4 |
TYC
TYCO INTL PLC COM SHS (IRL)
TYC
|
+$139M |
| 5 |
LIFE
LIFE TECHNOLOGIES CORP COM STK (DE)
LIFE
|
+$137M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 16.7% |
| 2 | Industrials | 11.71% |
| 3 | Technology | 11.25% |
| 4 | Energy | 11.03% |
| 5 | Consumer Staples | 8.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.72T
| $713M | 1.95% |
37,190,608
-1,817,200
| -5% | -$34.6M |
|
2
Puma Biotechnology
PBYI
$408M
| $592M | 1.62% |
5,686,668
| – | – |
|
3
Alphabet (Google) Class C
GOOG
$3.89T
| $492M | 1.34% |
17,714,510
-610,279
| -3% | -$17.8M |
|
4
Microsoft
MSFT
$2.83T
| $478M | 1.31% |
11,668,355
+81,000
| +0.7% | +$3.04M |
|
5
ExxonMobil
XOM
$650B
| $474M | 1.29% |
4,852,515
-311,000
| -6% | -$29.6M |
|
6
Wells Fargo
WFC
$261B
| $461M | 1.26% |
9,270,688
-348,000
| -4% | -$16.2M |
|
7
Honeywell
HON
$78B
| $438M | 1.2% |
5,257,710
-1,146,556
| -18% | -$94.9M |
|
8
JPMorgan Chase
JPM
$930B
| $374M | 1.02% |
6,160,407
-32,300
| -0.5% | -$1.87M |
|
9
Bristol-Myers Squibb
BMY
$126B
| $374M | 1.02% |
7,192,658
-1,567,200
| -18% | -$83.4M |
|
|
10
Illinois Tool Works
ITW
$79.7B
| $361M | 0.99% |
4,436,111
+2,918,696
| +192% | +$236M |
|
|
11
Verizon
VZ
$183B
| $346M | 0.95% |
7,278,525
+4,832,007
| +198% | +$229M |
|
12
Berkshire Hathaway Class B
BRK.B
$1.06T
| $346M | 0.94% |
2,768,377
-7,600
| -0.3% | -$888K |
|
13
Gilead Sciences
GILD
$162B
| $341M | 0.93% |
4,809,494
+650,500
| +16% | +$51M |
|
14
Philip Morris
PM
$298B
| $337M | 0.92% |
4,114,850
-1,251,387
| -23% | -$101M |
|
15
Procter & Gamble
PG
$342B
| $337M | 0.92% |
4,178,489
+1,220,400
| +41% | +$96.2M |
|
16
Snap-on
SNA
$20.5B
| $332M | 0.91% |
2,927,088
+299,398
| +11% | +$32.4M |
|
17
Johnson & Johnson
JNJ
$624B
| $329M | 0.9% |
3,349,454
+352,400
| +12% | +$32.7M |
|
18
Chevron
CVX
$387B
| $325M | 0.89% |
2,729,968
+116,000
| +4% | +$13.5M |
|
|
MDVN
19
DELISTED
MEDIVATION, INC.
MDVN
| $300M | 0.82% |
9,324,120
+1,323,972
| +17% | +$48.8M |
|
20
IBM
IBM
$195B
| $285M | 0.78% |
1,548,697
-67,049
| -4% | -$11.8M |
|
21
Coca-Cola
KO
$349B
| $284M | 0.77% |
7,338,482
-3,253,406
| -31% | -$126M |
|
22
Merck
MRK
$322B
| $262M | 0.72% |
4,841,737
+970,972
| +25% | +$50.3M |
|
23
SLB Ltd
SLB
$70.6B
| $249M | 0.68% |
2,552,775
-23,600
| -0.9% | -$2.14M |
|
24
Pfizer
PFE
$143B
| $249M | 0.68% |
8,161,416
+248,849
| +3% | +$7.42M |
|
25
Walt Disney
DIS
$161B
| $249M | 0.68% |
3,104,612
+583,200
| +23% | +$45.2M |
|
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Adage Capital Partners's Q1 2014 Portfolio in Review
As of Q1 2014, Adage Capital Partners held 786 positions worth $36.6B, down 3% from $37.8B the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Adage Capital Partners withdrew a net $2.04B in Q1 2014, closing 112 positions and reducing 269 holdings. Its most notable exit was Bank of America, an estimated $263M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 17% of assets, up from 15% a quarter earlier, followed by Industrials and Technology.
Against the trend, Adage Capital Partners opened a new position in Raytheon Company worth $169M.
- Adage Capital Partners's largest Q1 2014 buy was Raytheon Company: 1,714,134 shares worth $169M.
- Adage Capital Partners added most to Illinois Tool Works in Q1 2014, an estimated $236M increase.
- Adage Capital Partners's biggest Q1 2014 reduction was General Dynamics, cutting an estimated $177M.
- Adage Capital Partners fully exited Bank of America in Q1 2014, selling an estimated $263M.
- Adage Capital Partners's ten largest holdings make up 13% of its $36.6B portfolio in Q1 2014.
- Adage Capital Partners opened 113 new positions and closed 112 in Q1 2014.
- Adage Capital Partners's portfolio value fell 3% quarter-over-quarter to $36.6B.
Based on Adage Capital Partners's 13F filing for Q1 2014, filed 15 May 2014.