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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
+7.67%
1 Year Est. Return
-8.41%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$496M
AUM Growth
-$47M
(-8.7%)
Cap. Flow
-$76.2M
Cap. Flow
% of AUM
-15.36%
Top 10 Holdings %
Top 10 Hldgs %
58.4%
Holding
34
New
7
Increased
6
Reduced
10
Closed
10
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$29.8M |
| 2 |
CHS
Chicos FAS, Inc.
CHS
|
+$19.8M |
| 3 |
VeriSign
VRSN
|
+$18.5M |
| 4 |
Smith & Wesson
SWBI
|
+$15.2M |
| 5 |
Lear
LEA
|
+$14.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
|
+$40.6M |
| 2 |
INFA
INFORMATICA CORP
INFA
|
+$21.9M |
| 3 |
VTLE
Vital Energy
VTLE
|
+$21.4M |
| 4 |
WFT
Weatherford International plc
WFT
|
+$19.1M |
| 5 |
Capital One
COF
|
+$18.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 24.42% |
| 2 | Industrials | 18.37% |
| 3 | Communication Services | 15.03% |
| 4 | Technology | 13.42% |
| 5 | Consumer Discretionary | 10.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Assured Guaranty
AGO
$3.66B
| $39M | 7.87% |
1,501,243
-67,268
| -4% | -$1.62M |
|
2
Carnival Corporation Ltd
CCL
$38.1B
| $36.1M | 7.28% |
796,660
-172,189
| -18% | -$7.04M |
|
|
DISH
3
DELISTED
DISH Network Corp.
DISH
| $34.7M | 6.99% |
475,891
-47,037
| -9% | -$3.17M |
|
|
DNY
4
DELISTED
DONNELLEY R R & SONS CO
DNY
| $31.5M | 6.36% |
1,876,680
+33,670
| +2% | +$566K |
|
|
5
Bank of America
BAC
$435B
| $31.1M | 6.27% |
+1,738,752
| New | +$29.8M |
|
6
Eaton
ETN
$161B
| $27.8M | 5.6% |
409,103
+83,326
| +26% | +$5.49M |
|
|
PPLI
7
People Inc
PPLI
$3.09B
| $23.3M | 4.69% |
2,142,728
+487,114
| +29% | +$5.51M |
|
8
FedEx
FDX
$72.7B
| $22.6M | 4.57% |
130,421
-16,594
| -11% | -$2.81M |
|
|
9
Capital One
COF
$128B
| $22.5M | 4.54% |
272,789
-232,205
| -46% | -$18.9M |
|
|
CHS
10
DELISTED
Chicos FAS, Inc.
CHS
| $21M | 4.23% |
+1,294,076
| New | +$19.8M |
|
11
MGIC Investment
MTG
$6.16B
| $20.6M | 4.15% |
2,208,895
+362,816
| +20% | +$3.19M |
|
12
XPO
XPO
$23.5B
| $19.6M | 3.96% |
1,387,907
+116,272
| +9% | +$1.53M |
|
|
13
VeriSign
VRSN
$26.2B
| $18.3M | 3.69% |
+321,020
| New | +$18.5M |
|
|
SNDK
14
DELISTED
SANDISK CORP
SNDK
| $17.1M | 3.45% |
174,527
-22,508
| -11% | -$2.15M |
|
15
Cogent Communications
CCOI
$676M
| $16.6M | 3.34% |
468,743
-134,032
| -22% | -$4.49M |
|
16
RingCentral
RNG
$4.66B
| $16.2M | 3.26% |
1,083,994
-98,740
| -8% | -$1.24M |
|
17
Corning
GLW
$119B
| $16.2M | 3.26% |
704,638
| – | – |
|
18
Western Digital
WDC
$188B
| $16M | 3.22% |
+190,628
| New | +$14.4M |
|
|
ASNA
19
DELISTED
Ascena Retail Group, Inc.
ASNA
| $15.9M | 3.21% |
63,390
+10,235
| +19% | +$2.54M |
|
|
20
Lear
LEA
$6.54B
| $15.5M | 3.13% |
+158,336
| New | +$14.5M |
|
|
21
Smith & Wesson
SWBI
$651M
| $14.7M | 2.97% |
+2,021,859
| New | +$15.2M |
|
22
Jefferies Financial Group
JEF
$12.6B
| $7.89M | 1.59% |
+392,963
| New | +$8.11M |
|
23
Louisiana-Pacific
LPX
$5.06B
| $6.32M | 1.27% |
381,732
-199,095
| -34% | -$2.98M |
|
24
Kosmos Energy
KOS
$1.6B
| $5.52M | 1.11% |
657,750
-1,366,384
| -68% | -$12.2M |
|
25
Alphabet (Google) Class C
GOOG
$4.36T
| – | – |
-582,976
| Closed | -$16.8M |
|
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Herring Creek Capital Management's Q4 2014 Portfolio in Review
As of Q4 2014, Herring Creek Capital Management held 34 positions worth $496M, down 8.7% from $543M the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Herring Creek Capital Management withdrew a net $76.2M in Q4 2014, closing 10 positions and reducing 10 holdings. Its most notable exit was Royal Dutch Shell PLC ADS Class A, an estimated $40.6M position sold in full.
By sector, the portfolio is most concentrated in Financials at 24% of assets, up from 17% a quarter earlier, followed by Industrials and Communication Services.
Against the trend, Herring Creek Capital Management opened a new position in Bank of America worth $31.1M.
- Herring Creek Capital Management's largest Q4 2014 buy was Bank of America: 1,738,752 shares worth $31.1M.
- Herring Creek Capital Management added most to People Inc in Q4 2014, an estimated $5.51M increase.
- Herring Creek Capital Management's biggest Q4 2014 reduction was Capital One, cutting an estimated $18.9M.
- Herring Creek Capital Management fully exited Royal Dutch Shell PLC ADS Class A in Q4 2014, selling an estimated $40.6M.
- Herring Creek Capital Management's ten largest holdings make up 58% of its $496M portfolio in Q4 2014.
- Herring Creek Capital Management opened 7 new positions and closed 10 in Q4 2014.
- Herring Creek Capital Management's portfolio value fell 8.7% quarter-over-quarter to $496M.
Based on Herring Creek Capital Management's 13F filing for Q4 2014, filed 17 Feb 2015.