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AC
Ascend Capital Portfolio holdings
AUM
$1.99B
1-Year Est. Return
10.37%
This Fund
S&P 500
This Quarter
Est. Return
+3.38%
1 Year Est. Return
+10.37%
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
+$448M
Cap. Flow
% of AUM
11.64%
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 Pharmaceutical Industries Limited
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 | 17.02% |
| 3 | Financials | 14.75% |
| 4 | Technology | 14.13% |
| 5 | Industrials | 9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
201
Host Hotels & Resorts
HST
$15.1B
| – | – |
-4,275,891
| Closed | -$83.1M |
|
202
Integra LifeSciences
IART
$1.26B
| – | – |
-22,667
| Closed | -$443K |
|
203
Jefferies Financial Group
JEF
$11.2B
| – | – |
-57,309
| Closed | -$1.45M |
|
|
204
Marriott International
MAR
$87.6B
| – | – |
-1,720,000
| Closed | -$84.9M |
|
205
MGM Resorts International
MGM
$9.68B
| – | – |
-289,800
| Closed | -$6.82M |
|
206
Merck
MRK
$357B
| – | – |
-507,770
| Closed | -$24.3M |
|
207
MasTec
MTZ
$18.6B
| – | – |
-472,206
| Closed | -$15.5M |
|
208
Myriad Genetics
MYGN
$383M
| – | – |
-400,000
| Closed | -$8.39M |
|
209
Nelnet
NNI
$4.55B
| – | – |
-141,678
| Closed | -$5.97M |
|
210
OneMain Financial
OMF
$7.03B
| – | – |
-109,662
| Closed | -$2.77M |
|
211
Pentair
PNR
$9.1B
| – | – |
-102,592
| Closed | -$5.35M |
|
212
RH
RH
$2.46B
| – | – |
-97,664
| Closed | -$6.57M |
|
213
Raymond James Financial
RJF
$32B
| – | – |
-214,100
| Closed | -$7.45M |
|
|
214
CALL
Teva Pharmaceutical Industries Limited
TEVA
$45.4B
| – | – |
-550,000
| Closed | -$22M |
|
215
Tenet Healthcare
THC
$21.5B
| – | – |
-17,620
| Closed | -$743K |
|
216
Talphera
TLPH
$62.3M
| – | – |
-6,139
| Closed | -$1.39M |
|
217
Textron
TXT
$14B
| – | – |
-303,668
| Closed | -$11.2M |
|
218
Valero Energy
VLO
$117B
| – | – |
-100,000
| Closed | -$5.04M |
|
219
Vera Bradley
VRA
$116M
| – | – |
-75,000
| Closed | -$1.8M |
|
220
CALL
Viatris
VTRS
$19.5B
| – | – |
-200,000
| Closed | -$8.68M |
|
|
221
Viatris
VTRS
$19.5B
| – | – |
-600,000
| Closed | -$26M |
|
222
Waters Corp
WAT
$41.7B
| – | – |
-359,718
| Closed | -$36M |
|
223
Whirlpool
WHR
$2.17B
| – | – |
-84,000
| Closed | -$13.2M |
|
|
224
Wynn Resorts
WYNN
$8.7B
| – | – |
-376,000
| Closed | -$73M |
|
225
Zoetis
ZTS
$30.5B
| – | – |
-1,519,583
| Closed | -$49.7M |
|
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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 $448M 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 Pharmaceutical Industries Limited, 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 Pharmaceutical Industries Limited, 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.