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CC
Cipher Capital Portfolio holdings
AUM
$216M
1-Year Est. Return
23.63%
This Fund
S&P 500
This Quarter
Est. Return
+5.3%
1 Year Est. Return
+23.63%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.26B
AUM Growth
-$70.1M
(-5.3%)
Cap. Flow
-$119M
Cap. Flow
% of AUM
-9.44%
Top 10 Holdings %
Top 10 Hldgs %
8.05%
Holding
749
New
186
Increased
168
Reduced
223
Closed
172
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PPL
PPL Corp
PPL
|
+$11.8M |
| 2 |
Becton Dickinson
BDX
|
+$10.3M |
| 3 |
Goldman Sachs
GS
|
+$9.3M |
| 4 |
Baxter International
BAX
|
+$8.99M |
| 5 |
PNC Financial Services
PNC
|
+$8.09M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Marathon Petroleum
MPC
|
+$9.67M |
| 2 |
Philip Morris
PM
|
+$9.07M |
| 3 |
McDonald's
MCD
|
+$8.83M |
| 4 |
Public Service Enterprise Group
PEG
|
+$8.43M |
| 5 |
Newell Brands
NWL
|
+$8.03M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 14.94% |
| 2 | Financials | 14.54% |
| 3 | Technology | 12.22% |
| 4 | Industrials | 11.66% |
| 5 | Real Estate | 9.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
601
Cummins
CMI
$83.6B
| – | – |
-14,104
| Closed | -$2.37M |
|
602
CenterPoint Energy
CNP
$28.3B
| – | – |
-55,750
| Closed | -$1.63M |
|
603
Cirrus Logic
CRUS
$6.76B
| – | – |
-11,439
| Closed | -$610K |
|
604
Canadian Solar
CSIQ
$932M
| – | – |
-108,975
| Closed | -$1.83M |
|
605
Delta Air Lines
DAL
$56.7B
| – | – |
-32,232
| Closed | -$1.55M |
|
606
Designer Brands
DBI
$315M
| – | – |
-86,651
| Closed | -$1.86M |
|
607
DuPont de Nemours
DD
$18.6B
| – | – |
-21,944
| Closed | -$3.85M |
|
|
DFS
608
DELISTED
Discover Financial Services
DFS
| – | – |
-21,017
| Closed | -$1.36M |
|
609
D.R. Horton
DHI
$41.2B
| – | – |
-37,680
| Closed | -$1.5M |
|
610
Danaher
DHR
$138B
| – | – |
-38,523
| Closed | -$2.93M |
|
611
Empire State Realty Trust
ESRT
$1B
| – | – |
-14,758
| Closed | -$303K |
|
612
First Bancorp
FBP
$4.41B
| – | – |
-101,261
| Closed | -$519K |
|
613
Four Corners Property Trust
FCPT
$2.89B
| – | – |
-67,552
| Closed | -$1.68M |
|
614
Freeport-McMoran
FCX
$86.2B
| – | – |
-47,795
| Closed | -$671K |
|
|
FITB
615
Fifth Third Bancorp
FITB
$51.3B
| – | – |
-54,955
| Closed | -$1.54M |
|
616
Fortive
FTV
$18B
| – | – |
-51,480
| Closed | -$2.3M |
|
617
Gen Digital
GEN
$16.5B
| – | – |
-50,204
| Closed | -$1.65M |
|
618
Globe Life
GL
$14B
| – | – |
-57,143
| Closed | -$4.58M |
|
619
Golar LNG
GLNG
$4.82B
| – | – |
-33,850
| Closed | -$766K |
|
|
GMS
620
DELISTED
GMS Inc
GMS
| – | – |
-14,422
| Closed | -$511K |
|
621
Global Net Lease
GNL
$1.87B
| – | – |
-26,417
| Closed | -$578K |
|
622
Helix Energy Solutions
HLX
$1.34B
| – | – |
-175,259
| Closed | -$1.29M |
|
|
HOLX
623
DELISTED
Hologic
HOLX
| – | – |
-117,673
| Closed | -$4.32M |
|
624
Henry Schein
HSIC
$9.78B
| – | – |
-3,314
| Closed | -$213K |
|
625
Hershey
HSY
$37.3B
| – | – |
-9,315
| Closed | -$1.02M |
|
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Cipher Capital's Q4 2017 Portfolio in Review
As of Q4 2017, Cipher Capital held 749 positions worth $1.26B, down 5.3% from $1.33B the previous quarter. Its ten largest holdings account for 8.1% of the portfolio.
Cipher Capital withdrew a net $119M in Q4 2017, closing 172 positions and reducing 223 holdings. Its most notable exit was Philip Morris, an estimated $9.07M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 15% of assets, up from 15% a quarter earlier, followed by Financials and Technology.
Against the trend, Cipher Capital opened a new position in PPL Corp worth $10.2M.
- Cipher Capital's largest Q4 2017 buy was PPL Corp: 328,750 shares worth $10.2M.
- Cipher Capital added most to Unum in Q4 2017, an estimated $6.36M increase.
- Cipher Capital's biggest Q4 2017 reduction was Marathon Petroleum, cutting an estimated $9.67M.
- Cipher Capital fully exited Philip Morris in Q4 2017, selling an estimated $9.07M.
- Cipher Capital's ten largest holdings make up 8.1% of its $1.26B portfolio in Q4 2017.
- Cipher Capital opened 186 new positions and closed 172 in Q4 2017.
- Cipher Capital's portfolio value fell 5.3% quarter-over-quarter to $1.26B.
Based on Cipher Capital's 13F filing for Q4 2017, filed 12 Feb 2018.