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HCM

Highfields Capital Management Portfolio holdings

AUM $68.3M
1-Year Est. Return 21.64%
This Fund
S&P 500
This Quarter Est. Return
+5.29%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$11.8B
AUM Growth
-$1.06B
Cap. Flow
-$1.45B
Cap. Flow %
-12.3%
Top 10 Hldgs %
51.81%
Holding
98
New
7
Increased
16
Reduced
17
Closed
23

Top Buys

Rank Stock Value
1
PARA
Paramount Global Class B
PARA
+$413M
2
APC
Anadarko Petroleum
APC
+$264M
3
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
+$195M
4
DD icon
DuPont de Nemours
DD
+$154M
5
DTV
DIRECTV COM STK (DE)
DTV
+$129M

Top Sells

Rank Stock Value
1
CNQ icon
Canadian Natural Resources
CNQ
+$381M
2
IRM icon
Iron Mountain
IRM
+$326M
3
ASH icon
Ashland
ASH
+$220M
4
TWX
Time Warner Inc
TWX
+$211M
5
DLTR icon
Dollar Tree
DLTR
+$201M

Sector Composition

Rank Sector Weight
1 Financials 24.61%
2 Technology 13.6%
3 Communication Services 11.88%
4 Healthcare 9.95%
5 Materials 9.33%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ONIT
26
Onity Group
ONIT
$296M
$133M 1.13%
585,627
+7,360
+1% +$2.4M
SKM icon
27
SK Telecom
SKM
$15.1B
$120M 1.02%
2,688,214
– –
IWO icon
28
iShares Russell 2000 Growth ETF
IWO
$14.8B
$120M 1.02%
840,000
– –
VOD icon
29
Vodafone
VOD
$37.1B
$114M 0.97%
3,338,282
– –
ISBC
30
DELISTED
Investors Bancorp, Inc.
ISBC
$104M 0.89%
9,286,906
– –
FNF icon
31
Fidelity National Financial
FNF
$12.8B
$104M 0.88%
4,342,388
-369,737
-8% -$7.85M
AMAT icon
32
Applied Materials
AMAT
$366B
$99.7M 0.85%
4,000,000
– –
B
33
CALL
Barrick Mining
B
$75.1B
$78.6M 0.67%
7,314,900
– –
MCD icon
34
McDonald's
MCD
$188B
$72M 0.61%
768,508
+518,508
+207% +$48.5M
RL icon
35
Ralph Lauren
RL
$21.1B
$70.8M 0.6%
382,308
-192,592
-34% -$33.2M
FNFV
36
DELISTED
Fidelity Natl Financial, Inc.
FNFV
$69.3M 0.59%
5,773,400
+567,177
+11% +$6.09M
YPF icon
37
YPF Sociedad Anonima ADS
YPF
$19.7B
$69M 0.59%
2,605,719
-512,350
-16% -$15.9M
NWSA icon
38
News Corp Class A
NWSA
$16.6B
$68.9M 0.59%
4,393,573
– –
HOT
39
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
$54.7M 0.47%
675,000
-1,358,000
-67% -$106M
LDOS icon
40
Leidos
LDOS
$17.7B
$47M 0.4%
1,080,000
– –
QVCGA
41
DELISTED
QVC Group Inc Series A
QVCGA
$45.6M 0.39%
31,951
+9,404
+42% +$12.4M
AWK icon
42
American Water Works
AWK
$27.5B
$45.3M 0.39%
850,000
– –
IPXL
43
DELISTED
Impax Laboratories, Inc.
IPXL
$44.4M 0.38%
1,400,000
– –
PRKS icon
44
United Parks & Resorts
PRKS
$1.93B
$43.2M 0.37%
2,411,594
-108,811
-4% -$1.91M
WTS icon
45
Watts Water Technologies
WTS
$12.2B
$42.8M 0.36%
675,000
– –
LLY icon
46
CALL
Eli Lilly
LLY
$1.05T
$37.9M 0.32%
550,000
-105,100
-16% -$7.09M
VWO icon
47
Vanguard FTSE Emerging Markets ETF
VWO
$127B
$33.6M 0.29%
840,000
– –
C icon
48
Citigroup
C
$223B
$33.3M 0.28%
615,500
-455,000
-43% -$24.2M
EQY
49
DELISTED
Equity One
EQY
$33M 0.28%
1,300,000
– –
RYN icon
50
Rayonier
RYN
$6.06B
$31.4M 0.27%
1,240,006
– –
1
2
3 4

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HCS
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Highfields Capital Management's Q4 2014 Portfolio in Review

As of Q4 2014, Highfields Capital Management held 98 positions worth $11.8B, down 8.3% from $12.8B the previous quarter. Its ten largest holdings account for 52% of the portfolio.

Highfields Capital Management withdrew a net $1.45B in Q4 2014, closing 23 positions and reducing 17 holdings. Its most notable exit was Canadian Natural Resources, an estimated $381M position sold in full.

By sector, the portfolio is most concentrated in Financials at 25% of assets, up from 24% a quarter earlier, followed by Technology and Communication Services.

Against the trend, Highfields Capital Management opened a new position in DuPont de Nemours worth $146M.

  • Highfields Capital Management's largest Q4 2014 buy was DuPont de Nemours: 1,263,620 shares worth $146M.
  • Highfields Capital Management added most to Paramount Global Class B in Q4 2014, an estimated $413M increase.
  • Highfields Capital Management's biggest Q4 2014 reduction was Iron Mountain, cutting an estimated $326M.
  • Highfields Capital Management fully exited Canadian Natural Resources in Q4 2014, selling an estimated $381M.
  • Highfields Capital Management's ten largest holdings make up 52% of its $11.8B portfolio in Q4 2014.
  • Highfields Capital Management opened 7 new positions and closed 23 in Q4 2014.
  • Highfields Capital Management's portfolio value fell 8.3% quarter-over-quarter to $11.8B.

Based on Highfields Capital Management's 13F filing for Q4 2014, filed 13 Feb 2015.