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HCM
Highfields Capital Management Portfolio holdings
AUM
$68.3M
Turnover
50%
1-Year Est. Return
21.64%
This Fund
S&P 500
This Quarter
Est. Return
+8.07%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$13.6B
AUM Growth
+$1.68B
(+14%)
Cap. Flow
+$1.17B
Cap. Flow
% of AUM
8.61%
Top 10 Holdings %
Top 10 Hldgs %
46.31%
Holding
109
New
30
Increased
16
Reduced
14
Closed
18
Avg Time Held Equity + Options
0.5
years
Top 10 Avg Time Held Equity + Options
0.7
years
Top 20 Avg Time Held Equity + Options
0.6
years
Avg Time Held Equity only
0.6
years
Top 10 Avg Time Held Equity only
0.7
years
Top 20 Avg Time Held Equity only
0.6
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Herc Holdings
HRI
|
+$261M |
| 2 |
Eli Lilly
LLY
|
+$239M |
| 3 |
DTV
DIRECTV COM STK (DE)
DTV
|
+$230M |
| 4 |
MON
Monsanto Co
MON
|
+$186M |
| 5 |
Goldman Sachs
GS
|
+$155M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
|
+$224M |
| 2 |
BP
BP
|
+$157M |
| 3 |
AGN
Allergan Inc
AGN
|
+$138M |
| 4 |
Applied Materials
AMAT
|
+$136M |
| 5 |
ExxonMobil
XOM
|
+$122M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 25.98% |
| 2 | Miscellaneous | 11.09% |
| 3 | Technology | 10.98% |
| 4 | Materials | 10.58% |
| 5 | Energy | 10.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
MetLife
MET
$63.4B
| $155M | 1.14% |
3,130,380
-563,329
| -15% | -$26.4M |
2013 Q2
4 quarters
|
|
27
Citigroup
C
$205B
| $145M | 1.07% |
3,080,500
| – | – |
2013 Q2
4 quarters
|
|
|
LVNTA
28
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $141M | 1.04% |
3,896,634
| – | – |
2013 Q2
4 quarters
|
|
29
CALL
Barrick Mining
B
$66B
| $134M | 0.98% |
7,314,900
| – | – |
2013 Q2
4 quarters
|
|
30
Dollar Tree
DLTR
$23.2B
| $133M | 0.98% |
2,450,677
| – | – |
2013 Q2
4 quarters
|
|
|
THI
31
DELISTED
TIM HORTONS INC COM, CANADA
THI
| $126M | 0.92% |
2,290,956
| – | – |
2013 Q2
4 quarters
|
|
32
YPF Sociedad Anonima ADS
YPF
$20B
| $125M | 0.92% |
3,838,069
-200,000
| -5% | -$6.12M |
2013 Q2
4 quarters
|
|
33
iShares Russell 2000 Growth ETF
IWO
$13.6B
| $116M | 0.85% |
840,000
| – | – |
2013 Q2
4 quarters
|
|
34
Alphabet (Google) Class C
GOOG
$4.21T
| $116M | 0.85% |
+4,010,982
| New | +$109M |
2014 Q2
0 quarters
|
|
|
35
CALL
Applied Materials
AMAT
$340B
| $113M | 0.83% |
5,000,000
+3,000,000
| +150% | +$61.2M |
2013 Q4
2 quarters
|
|
36
Vodafone
VOD
$36.6B
| $111M | 0.82% |
3,338,282
+500,000
| +18% | +$17.7M |
2013 Q2
4 quarters
|
|
37
Fossil Group
FOSL
$410M
| $110M | 0.81% |
1,050,000
+300,000
| +40% | +$32M |
2013 Q2
4 quarters
|
|
|
AGN
38
DELISTED
Allergan Inc
AGN
| $106M | 0.78% |
629,043
-885,957
| -58% | -$138M |
2013 Q4
2 quarters
|
|
39
AstraZeneca
AZN
$260B
| $104M | 0.76% |
+1,395,000
| New | +$101M |
2014 Q2
0 quarters
|
|
|
40
BP
BP
$125B
| $103M | 0.76% |
2,392,548
-3,815,570
| -61% | -$157M |
2013 Q2
4 quarters
|
|
|
DISH
41
DELISTED
DISH Network Corp.
DISH
| $97.6M | 0.72% |
1,500,000
| – | – |
2013 Q2
4 quarters
|
|
42
Ralph Lauren
RL
$23.2B
| $92.4M | 0.68% |
574,900
+418,900
| +269% | +$64.6M |
2014 Q1
1 quarter
|
|
|
ISBC
43
DELISTED
Investors Bancorp, Inc.
ISBC
| $91.6M | 0.67% |
+8,286,906
| New | +$88.4M |
2014 Q2
0 quarters
|
|
|
44
Applied Materials
AMAT
$340B
| $90.2M | 0.66% |
4,000,000
-6,686,600
| -63% | -$136M |
2013 Q4
2 quarters
|
|
45
United Parks & Resorts
PRKS
$1.49B
| $86.3M | 0.63% |
3,046,497
+1,875,000
| +160% | +$56.6M |
2013 Q2
4 quarters
|
|
46
SK Telecom
SKM
$12.5B
| $82.4M | 0.6% |
+1,927,304
| New | +$75.1M |
2014 Q2
0 quarters
|
|
47
News Corp Class A
NWSA
$16.2B
| $78.8M | 0.58% |
4,393,573
| – | – |
2013 Q3
3 quarters
|
|
48
CALL
McDonald's
MCD
$172B
| $77.4M | 0.57% |
+768,600
| New | +$77.6M |
2014 Q2
0 quarters
|
|
49
DELISTED
SANDISK CORP
SNDK
| $74.3M | 0.55% |
+711,000
| New | +$64.5M |
2014 Q2
0 quarters
|
|
50
CALL
Iron Mountain
IRM
$33.1B
| $70.9M | 0.52% |
2,164,000
| – | – |
2014 Q1
1 quarter
|
|
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Highfields Capital Management's Q2 2014 Portfolio in Review
As of Q2 2014, Highfields Capital Management held 109 positions worth $13.6B, up 14% from $11.9B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Highfields Capital Management deployed $1.17B of net new capital in Q2 2014, opening 30 new positions and adding to 16 existing holdings. Its largest new stake was Herc Holdings: 3,095,000 shares worth $260M.
By sector, the portfolio is most concentrated in Financials at 26% of assets, down from 26% a quarter earlier, followed by Miscellaneous and Technology.
On the sell side, the largest reduction was Royal Dutch Shell PLC ADS Class A, an estimated $224M trimmed.
- Highfields Capital Management's largest Q2 2014 buy was Herc Holdings: 3,095,000 shares worth $260M.
- Highfields Capital Management added most to DIRECTV COM STK (DE) in Q2 2014, an estimated $230M increase.
- Highfields Capital Management's biggest Q2 2014 reduction was Royal Dutch Shell PLC ADS Class A, cutting an estimated $224M.
- Highfields Capital Management fully exited ExxonMobil in Q2 2014, selling an estimated $122M.
- Highfields Capital Management's ten largest holdings make up 46% of its $13.6B portfolio in Q2 2014.
- Highfields Capital Management opened 30 new positions and closed 18 in Q2 2014.
- Highfields Capital Management's portfolio value rose 14% quarter-over-quarter to $13.6B.
Based on Highfields Capital Management's 13F filing for Q2 2014, filed 14 Aug 2014.