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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
+19.39%
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
$5.21B
AUM Growth
+$105M
(+2.1%)
Cap. Flow
-$747M
Cap. Flow
% of AUM
-14.32%
Top 10 Holdings %
Top 10 Hldgs %
50.59%
Holding
231
New
79
Increased
15
Reduced
22
Closed
67
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CELG
Celgene Corp
CELG
|
+$362M |
| 2 |
FDC
First Data Corporation
FDC
|
+$295M |
| 3 |
ULTI
Ultimate Software Group Inc
ULTI
|
+$241M |
| 4 |
RHT
Red Hat Inc
RHT
|
+$155M |
| 5 |
IDTI
Integrated Device Technology I
IDTI
|
+$151M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$585M |
| 2 |
AABA
Altaba Inc
AABA
|
+$516M |
| 3 |
Cigna
CI
|
+$285M |
| 4 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$98M |
| 5 |
ORBK
Orbotech Ltd
ORBK
|
+$76.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 15.6% |
| 2 | Technology | 13.13% |
| 3 | Healthcare | 10.69% |
| 4 | Consumer Discretionary | 9.9% |
| 5 | Industrials | 7.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
RHT
1
DELISTED
Red Hat Inc
RHT
| $588M | 11.27% |
3,215,780
+867,015
| +37% | +$155M |
|
|
CELG
2
DELISTED
Celgene Corp
CELG
| $390M | 7.49% |
+4,138,538
| New | +$362M |
|
3
Vistra
VST
$55.1B
| $356M | 6.82% |
13,668,460
-1,152,498
| -8% | -$29.1M |
|
|
FDC
4
DELISTED
First Data Corporation
FDC
| $326M | 6.25% |
+12,402,700
| New | +$295M |
|
|
ULTI
5
DELISTED
Ultimate Software Group Inc
ULTI
| $259M | 4.97% |
+785,025
| New | +$241M |
|
|
AVYA
6
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
| $183M | 3.51% |
10,871,113
| – | – |
|
|
IDTI
7
DELISTED
Integrated Device Technology I
IDTI
| $153M | 2.93% |
+3,122,894
| New | +$151M |
|
8
Tenet Healthcare
THC
$20.1B
| $138M | 2.65% |
4,791,234
+512,027
| +12% | +$12.6M |
|
|
AABA
9
DELISTED
Altaba Inc
AABA
| $136M | 2.62% |
1,840,888
-7,487,622
| -80% | -$516M |
|
10
Alpha Metallurgical Resources
AMR
$1.82B
| $109M | 2.08% |
1,876,285
| – | – |
|
11
T-Mobile US
TMUS
$193B
| $51.4M | 0.98% |
743,391
-367,848
| -33% | -$25.7M |
|
12
Brunswick
BC
$5.19B
| $49.1M | 0.94% |
975,000
+450,000
| +86% | +$22.7M |
|
13
Restaurant Brands International
QSR
$25.1B
| $48.8M | 0.94% |
750,000
+100,000
| +15% | +$6.14M |
|
14
PUT
Bristol-Myers Squibb
BMY
$127B
| $47.7M | 0.91% |
+1,000,000
| New | +$49.8M |
|
|
CELG
15
PUT
DELISTED
Celgene Corp
CELG
| $47.2M | 0.9% |
+500,000
| New | +$43.7M |
|
|
DHR.PRA
16
DELISTED
Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A
DHR.PRA
| $44.6M | 0.85% |
+42,500
| New | +$43.9M |
|
|
OPTU
17
Optimum Communications Inc
OPTU
$316M
| $44M | 0.84% |
+2,050,000
| New | +$41.5M |
|
|
WWE
18
DELISTED
World Wrestling Entertainment
WWE
| $42.3M | 0.81% |
486,900
+11,700
| +2% | +$985K |
|
19
PG&E
PCG
$47.8B
| $39.2M | 0.75% |
+2,200,000
| New | +$35.5M |
|
20
Mondelez International
MDLZ
$77.7B
| $36.8M | 0.71% |
+737,500
| New | +$33.8M |
|
|
FTCH
21
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $35M | 0.67% |
+1,300,000
| New | +$29.1M |
|
|
OPLN
22
Openlane
OPLN
$4.17B
| $33.2M | 0.64% |
+1,708,087
| New | +$32.2M |
|
|
SGI
23
Somnigroup International
SGI
$15.1B
| $33.2M | 0.64% |
2,300,400
+600,400
| +35% | +$8.12M |
|
24
Red Rock Resorts
RRR
$3.74B
| $33.1M | 0.63% |
+1,279,978
| New | +$33.1M |
|
25
LendingTree
TREE
$544M
| $31.1M | 0.6% |
88,550
+76,050
| +608% | +$23M |
|
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Davidson Kempner Capital Management's Q1 2019 Portfolio in Review
As of Q1 2019, Davidson Kempner Capital Management held 231 positions worth $5.21B, up 2.1% from $5.11B the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Davidson Kempner Capital Management withdrew a net $747M in Q1 2019, closing 67 positions and reducing 22 holdings. Its most notable exit was Twenty-First Century Fox, Inc. Class A, an estimated $585M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 16% of assets, down from 27% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Davidson Kempner Capital Management opened a new position in Celgene Corp worth $390M.
- Davidson Kempner Capital Management's largest Q1 2019 buy was Celgene Corp: 4,138,538 shares worth $390M.
- Davidson Kempner Capital Management added most to Red Hat Inc in Q1 2019, an estimated $155M increase.
- Davidson Kempner Capital Management's biggest Q1 2019 reduction was Altaba Inc, cutting an estimated $516M.
- Davidson Kempner Capital Management fully exited Twenty-First Century Fox, Inc. Class A in Q1 2019, selling an estimated $585M.
- Davidson Kempner Capital Management's ten largest holdings make up 51% of its $5.21B portfolio in Q1 2019.
- Davidson Kempner Capital Management opened 79 new positions and closed 67 in Q1 2019.
- Davidson Kempner Capital Management's portfolio value rose 2.1% quarter-over-quarter to $5.21B.
Based on Davidson Kempner Capital Management's 13F filing for Q1 2019, filed 15 May 2019.