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AC
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
(+17%)
Cap. Flow
+$416M
Cap. Flow
% of AUM
10.82%
Top 10 Holdings %
Top 10 Hldgs %
23.4%
Holding
264
New
87
Increased
53
Reduced
31
Closed
84
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
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 |
Philip Morris
PM
|
+$68.9M |
| 5 |
Walt Disney
DIS
|
+$68.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Marriott International
MAR
|
+$84.9M |
| 2 |
Host Hotels & Resorts
HST
|
+$83.1M |
| 3 |
Teva Pharmaceuticals
TEVA
|
+$75.7M |
| 4 |
Wynn Resorts
WYNN
|
+$73M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
176
Artisan Partners
APAM
$2.86B
| – | – |
-46,988
| Closed | -$3.06M |
|
177
Air Products & Chemicals
APD
$65.5B
| – | – |
-216,216
| Closed | -$22.4M |
|
178
Best Buy
BBY
$19B
| – | – |
-500,000
| Closed | -$19.9M |
|
179
Brown-Forman Class B
BF.B
$13.5B
| – | – |
-105,938
| Closed | -$2.56M |
|
180
British American Tobacco
BTI
$136B
| – | – |
-157,146
| Closed | -$8.44M |
|
181
BWX Technologies
BWXT
$14.4B
| – | – |
-382,563
| Closed | -$9.36M |
|
182
Chubb
CB
$140B
| – | – |
-50,028
| Closed | -$5.18M |
|
183
Celanese
CE
$4.82B
| – | – |
-443,489
| Closed | -$24.5M |
|
184
CF Industries
CF
$19.6B
| – | – |
-587,525
| Closed | -$27.4M |
|
185
Comcast
CMCSA
$87.3B
| – | – |
-2,000,000
| Closed | -$52M |
|
186
Copart
CPRT
$28.5B
| – | – |
-1,610,728
| Closed | -$7.38M |
|
187
Capri Holdings
CPRI
$1.82B
| – | – |
-87,500
| Closed | -$7.1M |
|
188
Chevron
CVX
$382B
| – | – |
-30,000
| Closed | -$3.75M |
|
|
DFS
189
DELISTED
Discover Financial Services
DFS
| – | – |
-112,400
| Closed | -$6.29M |
|
190
Digital Realty Trust
DLR
$69.6B
| – | – |
-753,602
| Closed | -$37M |
|
191
Eagle Materials
EXP
$6.49B
| – | – |
-61,322
| Closed | -$4.75M |
|
192
Freeport-McMoran
FCX
$86.2B
| – | – |
-250,000
| Closed | -$9.44M |
|
193
Flowers Foods
FLO
$1.58B
| – | – |
-350,028
| Closed | -$7.51M |
|
194
Gen Digital
GEN
$16.5B
| – | – |
-1,927,407
| Closed | -$45.4M |
|
195
Gilead Sciences
GILD
$165B
| – | – |
-97,150
| Closed | -$7.3M |
|
196
Gaming and Leisure Properties
GLPI
$13B
| – | – |
-340,000
| Closed | -$17.3M |
|
197
GameStop
GME
$9.8B
| – | – |
-1,626,796
| Closed | -$20M |
|
|
GRMN
198
Garmin
GRMN
$56.9B
| – | – |
-757,332
| Closed | -$35M |
|
199
Huntington Ingalls Industries
HII
$11B
| – | – |
-50,663
| Closed | -$4.56M |
|
200
Herbalife
HLF
$1.3B
| – | – |
-910,052
| Closed | -$35.8M |
|
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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.