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Ascend Capital Portfolio holdings

AUM $1.99B
1-Year Est. Return 10.36%
This Fund
S&P 500
This Quarter Est. Return
+3.38%
1 Year Est. Return
+10.36%
3 Year Est. Return
+56.79%
5 Year Est. Return
+86.43%
10 Year Est. Return
–
AUM
$3.85B
AUM Growth
+$562M
Cap. Flow
+$416M
Cap. Flow %
10.82%
Top 10 Hldgs %
23.4%
Holding
264
New
87
Increased
53
Reduced
31
Closed
84

Top Buys

Rank Stock Value
1
VZ icon
Verizon
VZ
+$153M
2
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
+$148M
3
HOT
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
+$75.5M
4
PM icon
Philip Morris
PM
+$68.9M
5
DIS icon
Walt Disney
DIS
+$68.2M

Top Sells

Rank Stock Value
1
MAR icon
Marriott International
MAR
+$84.9M
2
HST icon
Host Hotels & Resorts
HST
+$83.1M
3
TEVA icon
Teva Pharmaceuticals
TEVA
+$75.7M
4
WYNN icon
Wynn Resorts
WYNN
+$73M
5
BIIB icon
Biogen
BIIB
+$62.5M

Sector Composition

Rank Sector Weight
1 Communication Services 17.28%
2 Consumer Discretionary 16.94%
3 Financials 14.08%
4 Technology 13.04%
5 Industrials 9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AVNR
251
DELISTED
AVANIR PHARMACEUTICALS, INC CL A
AVNR
– –
-75,000
Closed -$252K
HSH
252
DELISTED
HILLSHIRE BRANDS CO
HSH
– –
-250,000
Closed -$8.36M
BEAM
253
DELISTED
BEAM INC COM STK (DE)
BEAM
– –
-552,841
Closed -$37.6M
FLY
254
DELISTED
Fly Leasing Limited
FLY
– –
-320,081
Closed -$5.14M
CIT
255
DELISTED
CIT Group Inc.
CIT
– –
-189,717
Closed -$9.89M
AGN
256
DELISTED
Allergan Inc
AGN
– –
-62,016
Closed -$6.89M
7 8 9 10
11

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Ascend Capital's Q1 2014 Portfolio in Review

As of Q1 2014, Ascend Capital held 264 positions worth $3.85B, up 17% from $3.28B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Ascend Capital deployed $416M of net new capital in Q1 2014, opening 87 new positions and adding to 53 existing holdings. Its largest new stake was Verizon: 3,241,647 shares worth $154M.

By sector, the portfolio is most concentrated in Communication Services at 17% of assets, up from 5.4% a quarter earlier, followed by Consumer Discretionary and Financials.

On the sell side, the largest reduction was Teva Pharmaceuticals, an estimated $75.7M trimmed.

  • Ascend Capital's largest Q1 2014 buy was Verizon: 3,241,647 shares worth $154M.
  • Ascend Capital added most to Herc Holdings in Q1 2014, an estimated $53.3M increase.
  • Ascend Capital's biggest Q1 2014 reduction was Teva Pharmaceuticals, cutting an estimated $75.7M.
  • Ascend Capital fully exited Marriott International in Q1 2014, selling an estimated $84.9M.
  • Ascend Capital's ten largest holdings make up 23% of its $3.85B portfolio in Q1 2014.
  • Ascend Capital opened 87 new positions and closed 84 in Q1 2014.
  • Ascend Capital's portfolio value rose 17% quarter-over-quarter to $3.85B.

Based on Ascend Capital's 13F filing for Q1 2014, filed 14 May 2014.