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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
+6.29%
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
$1.03B
AUM Growth
-$244M
(-19%)
Cap. Flow
-$342M
Cap. Flow
% of AUM
-33.3%
Top 10 Holdings %
Top 10 Hldgs %
49.32%
Holding
158
New
38
Increased
23
Reduced
19
Closed
37
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco Senior Loan ETF
BKLN
|
+$70.6M |
| 2 |
Alibaba
BABA
|
+$22.9M |
| 3 |
Baidu
BIDU
|
+$16.2M |
| 4 |
JAH
JARDEN CORPORATION
JAH
|
+$10.1M |
| 5 |
BNY
Bank of New York Mellon
BNY
|
+$5.98M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
XPO
XPO
|
+$54M |
| 2 |
FTAI Aviation
FTAI
|
+$37.6M |
| 3 |
LVNTA
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
|
+$36.2M |
| 4 |
Equinix
EQIX
|
+$30.9M |
| 5 |
PayPal
PYPL
|
+$27.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 10.35% |
| 2 | Financials | 8.42% |
| 3 | Consumer Discretionary | 6.72% |
| 4 | Real Estate | 5.54% |
| 5 | Communication Services | 4.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
iShares Russell 2000 ETF
IWM
$80.9B
| $81M | 7.88% |
720,000
+300,000
| +71% | +$34.6M |
|
|
2
Invesco Senior Loan ETF
BKLN
$7.1B
| $69.4M | 6.76% |
+3,100,000
| New | +$70.6M |
|
3
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $60.1M | 5.85% |
295,000
+95,000
| +48% | +$19.5M |
|
|
4
XPO
XPO
$25B
| $58.9M | 5.73% |
6,247,074
-5,443,913
| -47% | -$54M |
|
5
Howard Hughes
HHH
$3.93B
| $48.5M | 4.72% |
449,605
| – | – |
|
6
CALL
Puma Biotechnology
PBYI
$406M
| $47M | 4.58% |
600,000
| – | – |
|
7
iShares MSCI South Korea ETF
EWY
$21.7B
| $41.8M | 4.07% |
841,162
+39,900
| +5% | +$2.1M |
|
|
8
FTAI Aviation
FTAI
$22.2B
| $33.6M | 3.27% |
3,494,112
-3,614,092
| -51% | -$37.6M |
|
|
LVNTA
9
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $27.3M | 2.66% |
605,797
-842,461
| -58% | -$36.2M |
|
10
iShares Core S&P 500 ETF
IVV
$876B
| $25.3M | 2.47% |
123,650
+118
| +0.1% | +$24.4K |
|
|
11
Alibaba
BABA
$269B
| $25M | 2.43% |
307,210
+291,210
| +1,820% | +$22.9M |
|
|
YDKN
12
DELISTED
Yadkin Financial Corporation
YDKN
| $24M | 2.34% |
912,716
| – | – |
|
13
PUT
iShares China Large-Cap ETF
FXI
$4.31B
| $22.9M | 2.23% |
650,000
| – | – |
|
14
PUT
Simon Property Group
SPG
$74.5B
| $21.4M | 2.08% |
110,000
| – | – |
|
15
PUT
Transocean
RIG
$5.92B
| $19.9M | 1.94% |
1,610,000
| – | – |
|
|
BHI
16
DELISTED
Baker Hughes
BHI
| $19.2M | 1.87% |
415,423
-395,447
| -49% | -$20.2M |
|
|
17
Baidu
BIDU
$35.8B
| $16.6M | 1.62% |
+88,078
| New | +$16.2M |
|
18
VanEck Indonesia Index ETF
IDX
$31.9M
| $15.7M | 1.52% |
848,317
-20,000
| -2% | -$374K |
|
19
Vanguard FTSE Developed Markets ETF
VEA
$226B
| $12.6M | 1.23% |
343,206
+751
| +0.2% | +$28.2K |
|
20
America Movil
AMX
$78.1B
| $12.5M | 1.22% |
890,923
| – | – |
|
|
JAH
21
DELISTED
JARDEN CORPORATION
JAH
| $11.5M | 1.12% |
+200,581
| New | +$10.1M |
|
|
SVU
22
PUT
DELISTED
SUPERVALU Inc.
SVU
| $10.8M | 1.06% |
228,571
| – | – |
|
23
Fomento Económico Mexicano
FMX
$43.3B
| $9.77M | 0.95% |
105,742
-19,200
| -15% | -$1.84M |
|
24
CALL
iShares MSCI Emerging Markets ETF
EEM
$28B
| $9.66M | 0.94% |
+300,000
| New | +$10.3M |
|
|
PARA
25
CALL
DELISTED
Paramount Global Class B
PARA
| $9.43M | 0.92% |
200,000
| – | – |
|
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RHJA
Harvard Management Company's Q4 2015 Portfolio in Review
As of Q4 2015, Harvard Management Company held 158 positions worth $1.03B, down 19% from $1.27B the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Harvard Management Company withdrew a net $342M in Q4 2015, closing 37 positions and reducing 19 holdings. Its most notable exit was PayPal, an estimated $27.7M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 10% of assets, down from 16% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Harvard Management Company opened a new position in Invesco Senior Loan ETF worth $69.4M.
- Harvard Management Company's largest Q4 2015 buy was Invesco Senior Loan ETF: 3,100,000 shares worth $69.4M.
- Harvard Management Company added most to Alibaba in Q4 2015, an estimated $22.9M increase.
- Harvard Management Company's biggest Q4 2015 reduction was XPO, cutting an estimated $54M.
- Harvard Management Company fully exited PayPal in Q4 2015, selling an estimated $27.7M.
- Harvard Management Company's ten largest holdings make up 49% of its $1.03B portfolio in Q4 2015.
- Harvard Management Company opened 38 new positions and closed 37 in Q4 2015.
- Harvard Management Company's portfolio value fell 19% quarter-over-quarter to $1.03B.
Based on Harvard Management Company's 13F filing for Q4 2015, filed 12 Feb 2016.