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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 | |
|---|---|---|---|---|---|---|
|
PXD
1
DELISTED
Pioneer Natural Resource Co.
PXD
| $858M | 13.07% |
+3,816,229
| New | +$894M |
|
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $579M | 8.82% |
1,218,000
-4,000
| -0.3% | -$1.78M |
|
|
X
3
DELISTED
US Steel
X
| $416M | 6.33% |
8,543,545
+6,338,486
| +287% | +$230M |
|
|
HES
4
DELISTED
Hess
HES
| $290M | 4.42% |
+2,012,653
| New | +$295M |
|
|
WRK
5
DELISTED
WestRock Company
WRK
| $237M | 3.61% |
5,705,294
+4,550,051
| +394% | +$175M |
|
6
ARKO Corp
ARKO
$890M
| $191M | 2.91% |
23,139,671
| – | – |
|
|
PLYA
7
DELISTED
Playa Hotels & Resorts
PLYA
| $106M | 1.61% |
12,242,519
-1,500,000
| -11% | -$11.3M |
|
8
Kenvue
KVUE
$37B
| $101M | 1.53% |
4,670,314
-1,513,035
| -24% | -$30.3M |
|
9
T-Mobile US
TMUS
$193B
| $99.5M | 1.52% |
620,774
-125,000
| -17% | -$18.5M |
|
10
Meta Platforms (Facebook)
META
$1.51T
| $98.5M | 1.5% |
278,148
+22,481
| +9% | +$7.32M |
|
|
IMGN
11
DELISTED
Immunogen Inc
IMGN
| $96.5M | 1.47% |
+3,252,001
| New | +$64.8M |
|
12
Amazon
AMZN
$2.5T
| $92.7M | 1.41% |
610,100
+535,100
| +713% | +$75M |
|
|
SPLK
13
DELISTED
Splunk Inc
SPLK
| $88.8M | 1.35% |
582,883
+542,674
| +1,350% | +$81.1M |
|
|
X
14
PUT
DELISTED
US Steel
X
| $85.1M | 1.3% |
1,750,000
-1,750,000
| -50% | -$63.6M |
|
15
Linde
LIN
$237B
| $80M | 1.22% |
194,682
-247,569
| -56% | -$97.6M |
|
|
AOMR
16
Angel Oak Mortgage REIT
AOMR
$219M
| $78.3M | 1.19% |
7,389,791
| – | – |
|
17
Dollar Tree
DLTR
$23.1B
| $74.8M | 1.14% |
526,720
-12,530
| -2% | -$1.48M |
|
18
PUT
iShares Russell 2000 ETF
IWM
$80.9B
| $74.8M | 1.14% |
372,600
| – | – |
|
19
US Foods
USFD
$21.4B
| $73.5M | 1.12% |
1,618,782
-382,464
| -19% | -$15.8M |
|
|
HES
20
PUT
DELISTED
Hess
HES
| $72.1M | 1.1% |
+500,000
| New | +$73.3M |
|
21
Booking.com
BKNG
$138B
| $64.3M | 0.98% |
453,850
-50,000
| -10% | -$6.24M |
|
|
22
CALL
Kenvue
KVUE
$37B
| $46.3M | 0.7% |
+2,150,000
| New | +$43M |
|
23
Albertsons Companies
ACI
$5.4B
| $44.8M | 0.68% |
1,949,721
-2,205,227
| -53% | -$48.7M |
|
24
Western Digital
WDC
$179B
| $44.5M | 0.68% |
+1,124,550
| New | +$39.4M |
|
25
Super Micro Computer
SMCI
$19.5B
| $44.1M | 0.67% |
+1,550,000
| New | +$43M |
|
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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.