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HMC
Harvard Management Company Portfolio holdings
AUM
$1.82B
1-Year Est. Return
26.23%
This Fund
S&P 500
This Quarter
Est. Return
+6.79%
1 Year Est. Return
+26.23%
3 Year Est. Return
+156.3%
5 Year Est. Return
+133.98%
10 Year Est. Return
+221.37%
AUM
$896M
AUM Growth
-$321M
(-26%)
Cap. Flow
-$363M
Cap. Flow
% of AUM
-40.57%
Top 10 Holdings %
Top 10 Hldgs %
50.83%
Holding
131
New
20
Increased
30
Reduced
17
Closed
26
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
COLE
COLE REAL ESTATE INVESTMENTS, INC COM
COLE
|
+$31.4M |
| 2 |
CSE
CAPITALSOURCE INC
CSE
|
+$22.5M |
| 3 |
LIFE
LIFE TECHNOLOGIES CORP COM STK (DE)
LIFE
|
+$17.7M |
| 4 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$12M |
| 5 |
Darling Ingredients
DAR
|
+$10.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FIRE
SOURCEFIRE INC COM STK
FIRE
|
+$75.2M |
| 2 |
STEI
STEWART ENTERPRISES INC CL-A
STEI
|
+$72.9M |
| 3 |
NYX
NYSE EURONEXT INC
NYX
|
+$69.3M |
| 4 |
ONXX
ONYX PHARMACEUTICALS INC
ONXX
|
+$50.5M |
| 5 |
PSE
PIONEER SOUTHWEST ENERGY PARTNERS LP
PSE
|
+$44.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 10.75% |
| 2 | Industrials | 8.6% |
| 3 | Communication Services | 5.78% |
| 4 | Real Estate | 5.59% |
| 5 | Consumer Discretionary | 4.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
HCBK
1
DELISTED
HUDSON CITY BANCORP INC
HCBK
| $105M | 11.72% |
11,131,093
+87,700
| +0.8% | +$804K |
|
|
LPS
2
DELISTED
LENDER PROCESSING SERVICES INC
LPS
| $58.5M | 6.53% |
1,565,036
+225,000
| +17% | +$7.79M |
|
|
3
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
| $54.9M | 6.13% |
591,029
+129,619
| +28% | +$12M |
|
|
CSE
4
DELISTED
CAPITALSOURCE INC
CSE
| $52.4M | 5.85% |
3,644,454
+1,675,000
| +85% | +$22.5M |
|
5
iShares MSCI South Korea ETF
EWY
$21.7B
| $42.1M | 4.7% |
651,128
-18,050
| -3% | -$1.15M |
|
|
COLE
6
DELISTED
COLE REAL ESTATE INVESTMENTS, INC COM
COLE
| $32.3M | 3.61% |
+2,302,947
| New | +$31.4M |
|
7
iShares China Large-Cap ETF
FXI
$4.31B
| $30M | 3.35% |
781,782
-40,000
| -5% | -$1.53M |
|
|
LIFE
8
DELISTED
LIFE TECHNOLOGIES CORP COM STK (DE)
LIFE
| $29.2M | 3.26% |
384,984
+234,984
| +157% | +$17.7M |
|
|
STSA
9
DELISTED
STERLING FINL CORP (WA) COM NEW
STSA
| $27.3M | 3.05% |
802,468
| – | – |
|
10
iShares Core S&P 500 ETF
IVV
$876B
| $23.7M | 2.65% |
127,807
+1,200
| +0.9% | +$214K |
|
11
VanEck Indonesia Index ETF
IDX
$31.9M
| $22.1M | 2.46% |
1,037,994
-180,049
| -15% | -$4.13M |
|
12
Service Corp International
SCI
$11.4B
| $21.4M | 2.38% |
1,177,659
| – | – |
|
13
America Movil
AMX
$78.1B
| $20.8M | 2.32% |
890,923
| – | – |
|
14
Credicorp
BAP
$30.9B
| $18.5M | 2.07% |
144,869
+44,137
| +44% | +$5.62M |
|
15
Cemex
CX
$17.4B
| $14.7M | 1.64% |
1,456,666
+852,827
| +141% | +$8.01M |
|
|
VCBI
16
DELISTED
VIRGINIA COMMERCE BANCORP
VCBI
| $14.3M | 1.6% |
841,095
+736
| +0.1% | +$12.2K |
|
17
Vanguard FTSE Developed Markets ETF
VEA
$226B
| $13.9M | 1.55% |
333,433
+3,919
| +1% | +$159K |
|
|
EQC
18
DELISTED
Equity Commonwealth
EQC
| $13.7M | 1.53% |
587,995
-524,600
| -47% | -$12.4M |
|
|
PAGG
19
DELISTED
Invesco Global Agriculture ETF
PAGG
| $13.3M | 1.49% |
444,299
+16,842
| +4% | +$496K |
|
20
Itaú Unibanco
ITUB
$91.3B
| $11.1M | 1.24% |
2,253,489
+1,522,835
| +208% | +$7.92M |
|
21
Apple
AAPL
$4.89T
| $10.5M | 1.17% |
+523,600
| New | +$9.89M |
|
|
MBT
22
DELISTED
Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares
MBT
| $10.2M | 1.14% |
473,106
| – | – |
|
|
23
Darling Ingredients
DAR
$9.93B
| $10M | 1.12% |
+480,500
| New | +$10.3M |
|
24
Union Pacific
UNP
$183B
| $9.41M | 1.05% |
112,040
+75,118
| +203% | +$5.95M |
|
|
STEL
25
DELISTED
STELLARONE CORPORATION COM
STEL
| $9.4M | 1.05% |
390,576
+189,634
| +94% | +$4.53M |
|
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RHJA
Harvard Management Company's Q4 2013 Portfolio in Review
As of Q4 2013, Harvard Management Company held 131 positions worth $896M, down 26% from $1.22B the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Harvard Management Company withdrew a net $363M in Q4 2013, closing 26 positions and reducing 17 holdings. Its most notable exit was SOURCEFIRE INC COM STK, an estimated $75.2M position sold in full.
By sector, the portfolio is most concentrated in Financials at 11% of assets, up from 9.8% a quarter earlier, followed by Industrials and Communication Services.
Against the trend, Harvard Management Company opened a new position in COLE REAL ESTATE INVESTMENTS, INC COM worth $32.3M.
- Harvard Management Company's largest Q4 2013 buy was COLE REAL ESTATE INVESTMENTS, INC COM: 2,302,947 shares worth $32.3M.
- Harvard Management Company added most to CAPITALSOURCE INC in Q4 2013, an estimated $22.5M increase.
- Harvard Management Company's biggest Q4 2013 reduction was Equity Commonwealth, cutting an estimated $12.4M.
- Harvard Management Company fully exited SOURCEFIRE INC COM STK in Q4 2013, selling an estimated $75.2M.
- Harvard Management Company's ten largest holdings make up 51% of its $896M portfolio in Q4 2013.
- Harvard Management Company opened 20 new positions and closed 26 in Q4 2013.
- Harvard Management Company's portfolio value fell 26% quarter-over-quarter to $896M.
Based on Harvard Management Company's 13F filing for Q4 2013, filed 14 Feb 2014.