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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
+6.82%
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
$994M
AUM Growth
-$155M
Cap. Flow
-$112M
Cap. Flow %
-11.3%
Top 10 Hldgs %
54.81%
Holding
135
New
23
Increased
9
Reduced
29
Closed
43

Top Buys

Rank Stock Value
1
AGN
Allergan Inc
AGN
+$86.5M
2
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
+$54.2M
3
SAPE
SAPIENT CORP
SAPE
+$36.9M
4
CFN
CAREFUSION CORPORATION
CFN
+$34.5M
5
HHH icon
Howard Hughes
HHH
+$30.9M

Top Sells

Rank Stock Value
1
KMP
KINDER MORGAN ENER PNTRS L.P.
KMP
+$97.9M
2
HCBK
HUDSON CITY BANCORP INC
HCBK
+$52.6M
3
KMI icon
Kinder Morgan
KMI
+$47.9M
4
APC
Anadarko Petroleum
APC
+$37M
5
CNQR
CONCUR TECHNOLOGIES INC
CNQR
+$31.7M

Sector Composition

Rank Sector Weight
1 Healthcare 21.19%
2 Financials 13.74%
3 Real Estate 5.71%
4 Consumer Discretionary 4.09%
5 Energy 4.06%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PL
1
DELISTED
PROTECTIVE LIFE CORP
PL
$97.5M 9.81%
1,400,000
– –
AGN
2
DELISTED
Allergan Inc
AGN
$92.5M 9.31%
+435,000
New +$86.5M
COV
3
DELISTED
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
$73.6M 7.41%
720,000
+565,000
+365% +$54.2M
DRC
4
DELISTED
DRESSER-RAND GROUP INC
DRC
$55.2M 5.56%
675,000
-166,675
-20% -$13.6M
HHH icon
5
Howard Hughes
HHH
$3.93B
$45M 4.53%
362,204
+231,079
+176% +$30.9M
EWY icon
6
iShares MSCI South Korea ETF
EWY
$21.7B
$44.9M 4.51%
811,262
+110,000
+16% +$6.26M
SAPE
7
DELISTED
SAPIENT CORP
SAPE
$43.5M 4.38%
+1,750,000
New +$36.9M
CFN
8
DELISTED
CAREFUSION CORPORATION
CFN
$35.6M 3.58%
+600,000
New +$34.5M
DTV
9
DELISTED
DIRECTV COM STK (DE)
DTV
$29.5M 2.97%
340,000
+15,000
+5% +$1.29M
SCI icon
10
Service Corp International
SCI
$11.4B
$27.4M 2.76%
1,207,659
– –
HCBK
11
DELISTED
HUDSON CITY BANCORP INC
HCBK
$22.5M 2.26%
2,222,876
-5,446,816
-71% -$52.6M
FXI icon
12
iShares China Large-Cap ETF
FXI
$4.31B
$22.3M 2.25%
536,782
-50,000
-9% -$1.98M
MRD
13
DELISTED
MEMORIAL RESOURCE DEV CORP COM STK (DE)
MRD
$21.9M 2.21%
1,216,960
+786,539
+183% +$17.6M
WMB icon
14
Williams Companies
WMB
$90.5B
$21.5M 2.16%
478,363
-122,034
-20% -$6.24M
IVV icon
15
iShares Core S&P 500 ETF
IVV
$876B
$21.5M 2.16%
103,892
-18,800
-15% -$3.81M
IDX icon
16
VanEck Indonesia Index ETF
IDX
$31.9M
$21.4M 2.16%
882,463
-123,600
-12% -$3.04M
AMX icon
17
America Movil
AMX
$78.1B
$19.8M 1.99%
890,923
– –
CBST
18
DELISTED
CUBIST PHARMACEUTICALS INC
CBST
$18.1M 1.82%
+180,000
New +$14M
YDKN
19
DELISTED
Yadkin Financial Corporation
YDKN
$17.9M 1.8%
912,716
– –
FDO
20
DELISTED
FAMILY DOLLAR STORES
FDO
$13.3M 1.34%
167,500
-50,000
-23% -$3.92M
CX icon
21
Cemex
CX
$17.4B
$12.6M 1.27%
1,391,843
-350,740
-20% -$3.65M
VEA icon
22
Vanguard FTSE Developed Markets ETF
VEA
$226B
$11.8M 1.19%
312,759
-20,005
-6% -$775K
APC
23
DELISTED
Anadarko Petroleum
APC
$11.6M 1.17%
140,727
-425,333
-75% -$37M
INP
24
DELISTED
iPath ETNs Linked to the MSCI India Total Return Index
INP
$10.7M 1.08%
154,254
– –
AVIV
25
DELISTED
AVIV REIT INC COM STK (MD)
AVIV
$10.3M 1.04%
+300,000
New +$9.57M
1
2 3 4 5

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Harvard Management Company's Q4 2014 Portfolio in Review

As of Q4 2014, Harvard Management Company held 135 positions worth $994M, down 13% from $1.15B the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Harvard Management Company withdrew a net $112M in Q4 2014, closing 43 positions and reducing 29 holdings. Its most notable exit was KINDER MORGAN ENER PNTRS L.P., an estimated $97.9M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 21% of assets, up from 1.2% a quarter earlier, followed by Financials and Real Estate.

Against the trend, Harvard Management Company opened a new position in Allergan Inc worth $92.5M.

  • Harvard Management Company's largest Q4 2014 buy was Allergan Inc: 435,000 shares worth $92.5M.
  • Harvard Management Company added most to COVIDIEN PLC COM SHS NEW (IRELAND) in Q4 2014, an estimated $54.2M increase.
  • Harvard Management Company's biggest Q4 2014 reduction was HUDSON CITY BANCORP INC, cutting an estimated $52.6M.
  • Harvard Management Company fully exited KINDER MORGAN ENER PNTRS L.P. in Q4 2014, selling an estimated $97.9M.
  • Harvard Management Company's ten largest holdings make up 55% of its $994M portfolio in Q4 2014.
  • Harvard Management Company opened 23 new positions and closed 43 in Q4 2014.
  • Harvard Management Company's portfolio value fell 13% quarter-over-quarter to $994M.

Based on Harvard Management Company's 13F filing for Q4 2014, filed 13 Feb 2015.