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HCCM
Herring Creek Capital Management Portfolio holdings
AUM
$372M
1-Year Est. Return
8.41%
This Fund
S&P 500
This Quarter
Est. Return
+4.52%
1 Year Est. Return
-8.41%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$513M
AUM Growth
+$57.7M
(+13%)
Cap. Flow
+$43.2M
Cap. Flow
% of AUM
8.42%
Top 10 Holdings %
Top 10 Hldgs %
58.66%
Holding
29
New
4
Increased
13
Reduced
8
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Molina Healthcare
MOH
|
+$21.4M |
| 2 |
DNY
DONNELLEY R R & SONS CO
DNY
|
+$17.4M |
| 3 |
APC
Anadarko Petroleum
APC
|
+$16M |
| 4 |
Carnival Corporation Ltd
CCL
|
+$15.5M |
| 5 |
LyondellBasell Industries
LYB
|
+$10.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GNC
GNC Holdings, Inc.
GNC
|
+$20M |
| 2 |
Boston Scientific
BSX
|
+$17.3M |
| 3 |
Kosmos Energy
KOS
|
+$12.7M |
| 4 |
Equinix
EQIX
|
+$11.4M |
| 5 |
TIBX
TIBCO SOFTWARE INC
TIBX
|
+$9.69M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 21.19% |
| 2 | Financials | 19.44% |
| 3 | Industrials | 17.11% |
| 4 | Consumer Discretionary | 7.03% |
| 5 | Materials | 6.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Capital One
COF
$128B
| $42.3M | 8.25% |
512,208
+102,319
| +25% | +$7.95M |
|
|
2
Carnival Corporation Ltd
CCL
$38.1B
| $36M | 7.03% |
957,428
+399,064
| +71% | +$15.5M |
|
3
Assured Guaranty
AGO
$3.66B
| $34.6M | 6.75% |
1,411,648
+334,781
| +31% | +$8.3M |
|
|
DISH
4
DELISTED
DISH Network Corp.
DISH
| $33.2M | 6.49% |
510,872
+178,691
| +54% | +$10.7M |
|
|
ASNA
5
DELISTED
Ascena Retail Group, Inc.
ASNA
| $31M | 6.05% |
90,644
-2,691
| -3% | -$920K |
|
|
PPLI
6
People Inc
PPLI
$3.09B
| $26M | 5.08% |
2,102,950
-137,059
| -6% | -$1.64M |
|
7
News Corp Class A
NWSA
$14.9B
| $25.7M | 5.02% |
1,432,936
+137,020
| +11% | +$2.37M |
|
8
FedEx
FDX
$72.7B
| $24.1M | 4.7% |
159,084
-15,948
| -9% | -$2.23M |
|
9
Eaton
ETN
$161B
| $24M | 4.69% |
311,344
+64,790
| +26% | +$4.81M |
|
10
Alphabet (Google) Class C
GOOG
$4.36T
| $23.7M | 4.62% |
824,919
+94,351
| +13% | +$2.56M |
|
|
11
Molina Healthcare
MOH
$10.2B
| $23.5M | 4.59% |
+526,928
| New | +$21.4M |
|
12
Morgan Stanley
MS
$331B
| $22.8M | 4.44% |
703,983
+176,560
| +33% | +$5.44M |
|
|
ROC
13
DELISTED
ROCKWOOD HLDGS INC
ROC
| $21.9M | 4.27% |
288,257
-33,635
| -10% | -$2.47M |
|
|
14
Equinix
EQIX
$101B
| $17.5M | 3.42% |
83,532
-59,343
| -42% | -$11.4M |
|
|
DNY
15
DELISTED
DONNELLEY R R & SONS CO
DNY
| $17.4M | 3.39% |
+1,023,263
| New | +$17.4M |
|
|
APC
16
DELISTED
Anadarko Petroleum
APC
| $17.2M | 3.35% |
+156,990
| New | +$16M |
|
|
WFT
17
DELISTED
Weatherford International plc
WFT
| $14.8M | 2.89% |
643,800
+44,940
| +8% | +$925K |
|
18
XPO
XPO
$23.5B
| $13.2M | 2.58% |
1,335,107
+306,589
| +30% | +$2.8M |
|
19
Corning
GLW
$119B
| $11.6M | 2.26% |
527,776
-418,090
| -44% | -$8.87M |
|
|
20
LyondellBasell Industries
LYB
$20B
| $11.2M | 2.19% |
+114,885
| New | +$10.9M |
|
21
United Airlines
UAL
$39.4B
| $10.8M | 2.12% |
264,023
+170,608
| +183% | +$7.35M |
|
22
JB Hunt Transport Services
JBHT
$25.5B
| $8.28M | 1.62% |
112,269
-15,732
| -12% | -$1.19M |
|
|
TIBX
23
DELISTED
TIBCO SOFTWARE INC
TIBX
| $7.43M | 1.45% |
368,587
-485,949
| -57% | -$9.69M |
|
24
Louisiana-Pacific
LPX
$5.06B
| $7.24M | 1.41% |
482,229
+63,117
| +15% | +$961K |
|
|
JGW
25
DELISTED
J G WENTWORTH CO CL A COM STK (DE)
JGW
| $7M | 1.37% |
621,357
+197,733
| +47% | +$2.46M |
|
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NMIS
Herring Creek Capital Management's Q2 2014 Portfolio in Review
As of Q2 2014, Herring Creek Capital Management held 29 positions worth $513M, up 13% from $455M the previous quarter. Its ten largest holdings account for 59% of the portfolio.
Herring Creek Capital Management deployed $43.2M of net new capital in Q2 2014, opening 4 new positions and adding to 13 existing holdings. Its largest new stake was Molina Healthcare: 526,928 shares worth $23.5M.
By sector, the portfolio is most concentrated in Communication Services at 21% of assets, up from 20% a quarter earlier, followed by Financials and Industrials.
On the sell side, the largest reduction was Equinix, an estimated $11.4M trimmed.
- Herring Creek Capital Management's largest Q2 2014 buy was Molina Healthcare: 526,928 shares worth $23.5M.
- Herring Creek Capital Management added most to Carnival Corporation Ltd in Q2 2014, an estimated $15.5M increase.
- Herring Creek Capital Management's biggest Q2 2014 reduction was Equinix, cutting an estimated $11.4M.
- Herring Creek Capital Management fully exited GNC Holdings, Inc. in Q2 2014, selling an estimated $20M.
- Herring Creek Capital Management's ten largest holdings make up 59% of its $513M portfolio in Q2 2014.
- Herring Creek Capital Management opened 4 new positions and closed 4 in Q2 2014.
- Herring Creek Capital Management's portfolio value rose 13% quarter-over-quarter to $513M.
Based on Herring Creek Capital Management's 13F filing for Q2 2014, filed 14 Aug 2014.