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Brahman Capital Portfolio holdings
AUM
$275M
1-Year Est. Return
18.08%
This Fund
S&P 500
This Quarter
Est. Return
+3.41%
1 Year Est. Return
+18.08%
3 Year Est. Return
+16.57%
5 Year Est. Return
+65.78%
10 Year Est. Return
+289.43%
AUM
$2.89B
AUM Growth
-$378M
(-12%)
Cap. Flow
-$620M
Cap. Flow
% of AUM
-21.41%
Top 10 Holdings %
Top 10 Hldgs %
89.63%
Holding
21
New
10
Increased
3
Reduced
2
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWX
Time Warner Inc
TWX
|
+$152M |
| 2 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$139M |
| 3 |
FDC
First Data Corporation
FDC
|
+$67.2M |
| 4 |
Charter Communications
CHTR
|
+$63.6M |
| 5 |
Hilton Worldwide
HLT
|
+$48M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bausch Health
BHC
|
+$825M |
| 2 |
ENDP
Endo International plc
ENDP
|
+$238M |
| 3 |
Liberty Global Class A
LBTYA
|
+$36.1M |
| 4 |
Liberty Global Class C
LBTYK
|
+$1.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 60.38% |
| 2 | Consumer Staples | 16.02% |
| 3 | Consumer Discretionary | 11.02% |
| 4 | Miscellaneous | 5.73% |
| 5 | Healthcare | 4.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TWC
1
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $543M | 18.76% |
2,653,937
+733,900
| +38% | +$139M |
|
|
2
Charter Communications
CHTR
$17.7B
| $429M | 14.82% |
2,119,126
+354,200
| +20% | +$63.6M |
|
3
SiriusXM
SIRI
$9.61B
| $359M | 12.41% |
9,090,717
| – | – |
|
|
QVCGA
4
DELISTED
QVC Group Inc Series A
QVCGA
| $264M | 9.13% |
215,600
| – | – |
|
5
Dollar Tree
DLTR
$24.4B
| $247M | 8.52% |
2,989,800
| – | – |
|
6
Spectrum Brands
SPB
$2.04B
| $217M | 7.5% |
1,986,298
| – | – |
|
|
7
Liberty Global Class C
LBTYK
$3.51B
| $172M | 5.94% |
5,275,796
-46,080
| -0.9% | -$1.4M |
|
|
TWX
8
DELISTED
Time Warner Inc
TWX
| $161M | 5.55% |
+2,213,300
| New | +$152M |
|
|
WBA
9
DELISTED
Walgreens Boots Alliance
WBA
| $131M | 4.52% |
1,553,917
+12,000
| +0.8% | +$958K |
|
|
10
Liberty Global Class A
LBTYA
$3.6B
| $71.8M | 2.48% |
2,136,433
-1,146,229
| -35% | -$36.1M |
|
|
FDC
11
DELISTED
First Data Corporation
FDC
| $67.7M | 2.34% |
+5,228,851
| New | +$67.2M |
|
|
12
Hilton Worldwide
HLT
$73.3B
| $54.6M | 1.89% |
+807,833
| New | +$48M |
|
13
PUT
IBM
IBM
$225B
| $28.8M | 0.99% |
+198,740
| New | +$25.4M |
|
14
PUT
Cisco
CSCO
$442B
| $28.5M | 0.98% |
+1,000,000
| New | +$25.7M |
|
15
PUT
Caterpillar
CAT
$376B
| $27.6M | 0.95% |
+360,000
| New | +$24.1M |
|
16
PUT
Cummins
CMI
$79B
| $27.5M | 0.95% |
+250,000
| New | +$24.2M |
|
17
PUT
Walt Disney
DIS
$184B
| $26.8M | 0.93% |
+270,000
| New | +$26.1M |
|
18
PUT
Boeing
BA
$166B
| $26.7M | 0.92% |
+210,000
| New | +$26.1M |
|
|
INFO
19
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $12M | 0.42% |
+340,614
| New | +$9.89M |
|
|
20
Bausch Health
BHC
$2.36B
| – | – |
-8,117,753
| Closed | -$825M |
|
|
ENDP
21
DELISTED
Endo International plc
ENDP
| – | – |
-3,884,175
| Closed | -$238M |
|
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Brahman Capital's Q1 2016 Portfolio in Review
As of Q1 2016, Brahman Capital held 21 positions worth $2.89B, down 12% from $3.27B the previous quarter. Its ten largest holdings account for 90% of the portfolio.
Brahman Capital withdrew a net $620M in Q1 2016, closing 2 positions and reducing 2 holdings. Its most notable exit was Bausch Health, an estimated $825M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 60% of assets, up from 42% a quarter earlier, followed by Consumer Staples and Consumer Discretionary.
Against the trend, Brahman Capital opened a new position in Time Warner Inc worth $161M.
- Brahman Capital's largest Q1 2016 buy was Time Warner Inc: 2,213,300 shares worth $161M.
- Brahman Capital added most to TIME WARNER CABLE INC NEW COM STK in Q1 2016, an estimated $139M increase.
- Brahman Capital's biggest Q1 2016 reduction was Liberty Global Class A, cutting an estimated $36.1M.
- Brahman Capital fully exited Bausch Health in Q1 2016, selling an estimated $825M.
- Brahman Capital's ten largest holdings make up 90% of its $2.89B portfolio in Q1 2016.
- Brahman Capital opened 10 new positions and closed 2 in Q1 2016.
- Brahman Capital's portfolio value fell 12% quarter-over-quarter to $2.89B.
Based on Brahman Capital's 13F filing for Q1 2016, filed 16 May 2016.