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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
+4.44%
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
$2.34B
AUM Growth
-$501M
(-18%)
Cap. Flow
-$599M
Cap. Flow
% of AUM
-25.58%
Top 10 Holdings %
Top 10 Hldgs %
95.97%
Holding
20
New
3
Increased
2
Reduced
7
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
IQVIA
IQV
|
+$186M |
| 2 |
eBay
EBAY
|
+$83.4M |
| 3 |
Comcast
CMCSA
|
+$70.3M |
| 4 |
Expedia Group
EXPE
|
+$58.9M |
| 5 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$20.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
IMS
IMS HEALTH HLDGS INC COM STK (DE)
IMS
|
+$238M |
| 2 |
Charter Communications
CHTR
|
+$163M |
| 3 |
FDC
First Data Corporation
FDC
|
+$152M |
| 4 |
Spectrum Brands
SPB
|
+$74.1M |
| 5 |
SiriusXM
SIRI
|
+$63.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 48.56% |
| 2 | Healthcare | 18.21% |
| 3 | Consumer Discretionary | 17.43% |
| 4 | Industrials | 9.52% |
| 5 | Consumer Staples | 5.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Charter Communications
CHTR
$16.2B
| $446M | 19.07% |
1,550,754
-606,053
| -28% | -$163M |
|
|
2
IQVIA
IQV
$34.4B
| $426M | 18.21% |
5,607,192
+2,429,236
| +76% | +$186M |
|
|
3
SiriusXM
SIRI
$10.3B
| $246M | 10.51% |
5,533,422
-1,450,180
| -21% | -$63.1M |
|
|
LVLT
4
DELISTED
Level 3 Communications Inc
LVLT
| $223M | 9.52% |
3,954,200
-843,888
| -18% | -$44.6M |
|
|
INFO
5
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $201M | 8.58% |
5,674,571
-40,000
| -0.7% | -$1.44M |
|
6
Hilton Worldwide
HLT
$73.1B
| $177M | 7.57% |
2,171,091
-722,655
| -25% | -$53.1M |
|
|
TWX
7
DELISTED
Time Warner Inc
TWX
| $171M | 7.29% |
1,768,428
-70,000
| -4% | -$6.23M |
|
|
8
Expedia Group
EXPE
$32.3B
| $147M | 6.28% |
1,298,945
+482,875
| +59% | +$58.9M |
|
|
9
Spectrum Brands
SPB
$2.04B
| $126M | 5.37% |
1,027,468
-580,430
| -36% | -$74.1M |
|
|
10
eBay
EBAY
$49.8B
| $83.9M | 3.58% |
+2,824,223
| New | +$83.4M |
|
|
11
Comcast
CMCSA
$85B
| $72.7M | 3.1% |
+2,105,520
| New | +$70.3M |
|
|
ATH
12
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $21.6M | 0.92% |
+450,000
| New | +$20.8M |
|
13
Dollar Tree
DLTR
$24.2B
| – | – |
-461,869
| Closed | -$36.5M |
|
14
Groupon
GRPN
$1.06B
| – | – |
-42,246
| Closed | -$4.35M |
|
|
PPLI
15
People Inc
PPLI
$3.31B
| – | – |
-3,458,275
| Closed | -$38.6M |
|
16
Liberty Latin America Class C
LILAK
$1.48B
| – | – |
-769,885
| Closed | -$18.5M |
|
17
Comscore
SCOR
$113M
| – | – |
-40,104
| Closed | -$24.6M |
|
|
QVCGA
18
CALL
DELISTED
QVC Group Inc Series A
QVCGA
| – | – |
-103,235
| Closed | -$100M |
|
|
FDC
19
DELISTED
First Data Corporation
FDC
| – | – |
-11,547,870
| Closed | -$152M |
|
|
IMS
20
DELISTED
IMS HEALTH HLDGS INC COM STK (DE)
IMS
| – | – |
-7,596,725
| Closed | -$238M |
|
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Brahman Capital's Q4 2016 Portfolio in Review
As of Q4 2016, Brahman Capital held 20 positions worth $2.34B, down 18% from $2.84B the previous quarter. Its ten largest holdings account for 96% of the portfolio.
Brahman Capital withdrew a net $599M in Q4 2016, closing 8 positions and reducing 7 holdings. Its most notable exit was IMS HEALTH HLDGS INC COM STK (DE), an estimated $238M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 49% of assets, up from 46% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Brahman Capital opened a new position in eBay worth $83.9M.
- Brahman Capital's largest Q4 2016 buy was eBay: 2,824,223 shares worth $83.9M.
- Brahman Capital added most to IQVIA in Q4 2016, an estimated $186M increase.
- Brahman Capital's biggest Q4 2016 reduction was Charter Communications, cutting an estimated $163M.
- Brahman Capital fully exited IMS HEALTH HLDGS INC COM STK (DE) in Q4 2016, selling an estimated $238M.
- Brahman Capital's ten largest holdings make up 96% of its $2.34B portfolio in Q4 2016.
- Brahman Capital opened 3 new positions and closed 8 in Q4 2016.
- Brahman Capital's portfolio value fell 18% quarter-over-quarter to $2.34B.
Based on Brahman Capital's 13F filing for Q4 2016, filed 14 Feb 2017.