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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
+0.58%
1 Year Est. Return
-8.41%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$420M
AUM Growth
-$75.6M
(-15%)
Cap. Flow
-$86.3M
Cap. Flow
% of AUM
-20.52%
Top 10 Holdings %
Top 10 Hldgs %
53.45%
Holding
32
New
8
Increased
1
Reduced
17
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CTRA
Coterra Energy
CTRA
|
+$21.9M |
| 2 |
P
Pandora Media Inc
P
|
+$17.3M |
| 3 |
Micron Technology
MU
|
+$16.6M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$16.2M |
| 5 |
NTI
NORTHERN TIER ENERGY LP CLASS A
NTI
|
+$12.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DISH
DISH Network Corp.
DISH
|
+$22.3M |
| 2 |
CHS
Chicos FAS, Inc.
CHS
|
+$21M |
| 3 |
VeriSign
VRSN
|
+$18.3M |
| 4 |
SNDK
SANDISK CORP
SNDK
|
+$17.1M |
| 5 |
DNY
DONNELLEY R R & SONS CO
DNY
|
+$16.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 21.57% |
| 2 | Industrials | 20.62% |
| 3 | Communication Services | 18.5% |
| 4 | Technology | 14.31% |
| 5 | Energy | 9.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Bank of America
BAC
$435B
| $29.6M | 7.04% |
1,922,366
+183,614
| +11% | +$2.95M |
|
2
Carnival Corporation Ltd
CCL
$38.1B
| $27.1M | 6.45% |
566,883
-229,777
| -29% | -$10.3M |
|
3
Eaton
ETN
$161B
| $25.2M | 5.99% |
370,998
-38,105
| -9% | -$2.59M |
|
4
Assured Guaranty
AGO
$3.66B
| $24.2M | 5.75% |
915,996
-585,247
| -39% | -$15.1M |
|
|
CTRA
5
DELISTED
Coterra Energy
CTRA
| $22.9M | 5.44% |
+774,446
| New | +$21.9M |
|
6
FedEx
FDX
$72.7B
| $21.6M | 5.13% |
130,421
| – | – |
|
|
DNY
7
DELISTED
DONNELLEY R R & SONS CO
DNY
| $19.9M | 4.74% |
1,039,015
-837,665
| -45% | -$16.1M |
|
8
XPO
XPO
$23.5B
| $19.9M | 4.73% |
1,264,835
-123,072
| -9% | -$1.78M |
|
|
P
9
DELISTED
Pandora Media Inc
P
| $17.6M | 4.18% |
+1,083,767
| New | +$17.3M |
|
10
MGIC Investment
MTG
$6.16B
| $16.8M | 4% |
1,745,809
-463,086
| -21% | -$4.24M |
|
|
11
Alphabet (Google) Class C
GOOG
$4.36T
| $16.5M | 3.93% |
+604,776
| New | +$16.2M |
|
12
Cogent Communications
CCOI
$676M
| $16.1M | 3.84% |
456,438
-12,305
| -3% | -$450K |
|
|
PPLI
13
People Inc
PPLI
$3.09B
| $15.4M | 3.67% |
1,278,674
-864,054
| -40% | -$9.99M |
|
14
Smith & Wesson
SWBI
$651M
| $15.1M | 3.6% |
1,546,114
-475,745
| -24% | -$4.55M |
|
|
15
Micron Technology
MU
$930B
| $15.1M | 3.59% |
+556,496
| New | +$16.6M |
|
16
Corning
GLW
$119B
| $14.9M | 3.54% |
656,451
-48,187
| -7% | -$1.15M |
|
17
RingCentral
RNG
$4.66B
| $14.1M | 3.35% |
917,732
-166,262
| -15% | -$2.5M |
|
|
NTI
18
DELISTED
NORTHERN TIER ENERGY LP CLASS A
NTI
| $13.8M | 3.28% |
+543,768
| New | +$12.5M |
|
19
Capital One
COF
$128B
| $12.8M | 3.05% |
162,524
-110,265
| -40% | -$8.67M |
|
|
DISH
20
DELISTED
DISH Network Corp.
DISH
| $12.2M | 2.89% |
173,653
-302,238
| -64% | -$22.3M |
|
21
Lear
LEA
$6.54B
| $11.7M | 2.78% |
105,506
-52,830
| -33% | -$5.55M |
|
|
VMW
22
DELISTED
VMware, Inc
VMW
| $10.2M | 2.42% |
+123,907
| New | +$10.1M |
|
23
Jefferies Financial Group
JEF
$12.6B
| $7.33M | 1.74% |
367,435
-25,528
| -6% | -$527K |
|
|
OPWR
24
DELISTED
OPOWER INC COM STK (DE)
OPWR
| $5.95M | 1.41% |
+587,041
| New | +$7.17M |
|
25
Kosmos Energy
KOS
$1.6B
| $5.01M | 1.19% |
633,908
-23,842
| -4% | -$200K |
|
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NMIS
Herring Creek Capital Management's Q1 2015 Portfolio in Review
As of Q1 2015, Herring Creek Capital Management held 32 positions worth $420M, down 15% from $496M the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Herring Creek Capital Management withdrew a net $86.3M in Q1 2015, closing 5 positions and reducing 17 holdings. Its most notable exit was Chicos FAS, Inc., an estimated $21M position sold in full.
By sector, the portfolio is most concentrated in Financials at 22% of assets, down from 24% a quarter earlier, followed by Industrials and Communication Services.
Against the trend, Herring Creek Capital Management opened a new position in Coterra Energy worth $22.9M.
- Herring Creek Capital Management's largest Q1 2015 buy was Coterra Energy: 774,446 shares worth $22.9M.
- Herring Creek Capital Management added most to Bank of America in Q1 2015, an estimated $2.95M increase.
- Herring Creek Capital Management's biggest Q1 2015 reduction was DISH Network Corp., cutting an estimated $22.3M.
- Herring Creek Capital Management fully exited Chicos FAS, Inc. in Q1 2015, selling an estimated $21M.
- Herring Creek Capital Management's ten largest holdings make up 53% of its $420M portfolio in Q1 2015.
- Herring Creek Capital Management opened 8 new positions and closed 5 in Q1 2015.
- Herring Creek Capital Management's portfolio value fell 15% quarter-over-quarter to $420M.
Based on Herring Creek Capital Management's 13F filing for Q1 2015, filed 15 May 2015.