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DKCM
Davidson Kempner Capital Management Portfolio holdings
AUM
$7.33B
1-Year Est. Return
56.47%
This Fund
S&P 500
This Quarter
Est. Return
+11.08%
1 Year Est. Return
+56.47%
3 Year Est. Return
+139.87%
5 Year Est. Return
+217.47%
10 Year Est. Return
+1,125.15%
AUM
$6.57B
AUM Growth
-$1.05B
(-14%)
Cap. Flow
-$3.01B
Cap. Flow
% of AUM
-45.81%
Top 10 Holdings %
Top 10 Hldgs %
46.63%
Holding
332
New
51
Increased
19
Reduced
28
Closed
86
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$894M |
| 2 |
HES
Hess
HES
|
+$295M |
| 3 |
X
US Steel
X
|
+$230M |
| 4 |
WRK
WestRock Company
WRK
|
+$175M |
| 5 |
SPLK
Splunk Inc
SPLK
|
+$81.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ATVI
Activision Blizzard
ATVI
|
+$1.37B |
| 2 |
SGEN
Seagen Inc. Common Stock
SGEN
|
+$522M |
| 3 |
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
|
+$356M |
| 4 |
VMW
VMware, Inc
VMW
|
+$131M |
| 5 |
ABCM
Abcam PLC
ABCM
|
+$101M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 18.03% |
| 2 | Consumer Discretionary | 13.72% |
| 3 | Materials | 7.58% |
| 4 | Technology | 6.14% |
| 5 | Consumer Staples | 5.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
PUT
Kenvue
KVUE
$36.9B
| – | – |
-1,737,000
| Closed | -$34.9M |
|
227
Klaviyo
KVYO
$4.73B
| – | – |
-33,984
| Closed | -$1.17M |
|
228
Li Auto
LI
$12.7B
| – | – |
-16,765
| Closed | -$598K |
|
229
McDonald's
MCD
$195B
| – | – |
-212,752
| Closed | -$56M |
|
230
MarketWise
MKTW
$56.6M
| – | – |
-3,961
| Closed | -$127K |
|
231
Mercury Systems
MRCY
$6.52B
| – | – |
-45,208
| Closed | -$1.68M |
|
232
Micron Technology
MU
$991B
| – | – |
-875,000
| Closed | -$59.5M |
|
233
Nike
NKE
$61.9B
| – | – |
-10,000
| Closed | -$956K |
|
234
ODDITY Tech
ODD
$651M
| – | – |
-6,931
| Closed | -$197K |
|
235
Ollie's Bargain Outlet
OLLI
$4.94B
| – | – |
-120,037
| Closed | -$9.26M |
|
236
Palo Alto Networks
PANW
$297B
| – | – |
-100,000
| Closed | -$11.7M |
|
237
Planet Fitness
PLNT
$3.78B
| – | – |
-152,005
| Closed | -$7.48M |
|
238
Papa John's
PZZA
$806M
| – | – |
-150,000
| Closed | -$10.2M |
|
239
Roivant Sciences
ROIV
$26.2B
| – | – |
-2,000,000
| Closed | -$23.4M |
|
240
Rollins
ROL
$18.2B
| – | – |
-80,000
| Closed | -$2.99M |
|
241
Ross Stores
ROST
$81.9B
| – | – |
-215,174
| Closed | -$24.3M |
|
242
Starbucks
SBUX
$120B
| – | – |
-76,334
| Closed | -$6.97M |
|
243
Sweetgreen
SG
$642M
| – | – |
-226,930
| Closed | -$2.67M |
|
244
SGHC Ltd
SGHC
$6.63B
| – | – |
-27,539
| Closed | -$102K |
|
245
Shell
SHEL
$245B
| – | – |
-237,931
| Closed | -$15.3M |
|
246
S&P Global
SPGI
$120B
| – | – |
-94,684
| Closed | -$34.6M |
|
247
CALL
ProShares UltraPro Short QQQ
SQQQ
$1.74B
| – | – |
-9,200
| Closed | -$4.7M |
|
248
Teck Resources
TECK
$32.6B
| – | – |
-1,464,993
| Closed | -$63.1M |
|
249
Tower Semiconductor
TSEM
$28.5B
| – | – |
-131,376
| Closed | -$3.22M |
|
250
Viridian Therapeutics
VRDN
$2.67B
| – | – |
-23,857
| Closed | -$366K |
|
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Davidson Kempner Capital Management's Q4 2023 Portfolio in Review
As of Q4 2023, Davidson Kempner Capital Management held 332 positions worth $6.57B, down 14% from $7.62B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Davidson Kempner Capital Management withdrew a net $3.01B in Q4 2023, closing 86 positions and reducing 28 holdings. Its most notable exit was Activision Blizzard, an estimated $1.37B position sold in full.
By sector, the portfolio is most concentrated in Energy at 18% of assets, up from 0.8% a quarter earlier, followed by Consumer Discretionary and Materials.
Against the trend, Davidson Kempner Capital Management opened a new position in Pioneer Natural Resource Co. worth $858M.
- Davidson Kempner Capital Management's largest Q4 2023 buy was Pioneer Natural Resource Co.: 3,816,229 shares worth $858M.
- Davidson Kempner Capital Management added most to US Steel in Q4 2023, an estimated $230M increase.
- Davidson Kempner Capital Management's biggest Q4 2023 reduction was Linde, cutting an estimated $97.6M.
- Davidson Kempner Capital Management fully exited Activision Blizzard in Q4 2023, selling an estimated $1.37B.
- Davidson Kempner Capital Management's ten largest holdings make up 47% of its $6.57B portfolio in Q4 2023.
- Davidson Kempner Capital Management opened 51 new positions and closed 86 in Q4 2023.
- Davidson Kempner Capital Management's portfolio value fell 14% quarter-over-quarter to $6.57B.
Based on Davidson Kempner Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.