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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
+2.25%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$11.2B
AUM Growth
-$552M
(-4.7%)
Cap. Flow
-$1.06B
Cap. Flow
% of AUM
-9.49%
Top 10 Holdings %
Top 10 Hldgs %
57.98%
Holding
92
New
17
Increased
5
Reduced
14
Closed
20
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
McDonald's
MCD
|
+$857M |
| 2 |
Perrigo
PRGO
|
+$176M |
| 3 |
IBM
IBM
|
+$151M |
| 4 |
DD
Du Pont De Nemours E I
DD
|
+$98.4M |
| 5 |
Microsoft
MSFT
|
+$95.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dollar Tree
DLTR
|
+$371M |
| 2 |
MON
Monsanto Co
MON
|
+$359M |
| 3 |
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
|
+$245M |
| 4 |
FDO
FAMILY DOLLAR STORES
FDO
|
+$215M |
| 5 |
AGN
Allergan Inc
AGN
|
+$183M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 23.25% |
| 2 | Technology | 15.1% |
| 3 | Consumer Discretionary | 14.62% |
| 4 | Communication Services | 11.74% |
| 5 | Energy | 8.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Vodafone
VOD
$39.1B
| $97.8M | 0.87% |
2,992,706
-345,576
| -10% | -$11.9M |
|
|
DD
27
DELISTED
Du Pont De Nemours E I
DD
| $93.6M | 0.83% |
+1,379,247
| New | +$98.4M |
|
|
BHI
28
DELISTED
Baker Hughes
BHI
| $82.8M | 0.74% |
+1,303,000
| New | +$78.6M |
|
29
YPF Sociedad Anonima ADS
YPF
$20.6B
| $71.5M | 0.64% |
2,605,719
| – | – |
|
30
News Corp Class A
NWSA
$16.3B
| $70.3M | 0.63% |
4,393,573
| – | – |
|
|
IPXL
31
DELISTED
Impax Laboratories, Inc.
IPXL
| $65.6M | 0.59% |
1,400,000
| – | – |
|
|
FNFV
32
DELISTED
Fidelity Natl Financial, Inc.
FNFV
| $62M | 0.55% |
4,400,457
-1,372,943
| -24% | -$18.5M |
|
|
TWC
33
CALL
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $60M | 0.53% |
+400,000
| New | +$59.7M |
|
34
Halliburton
HAL
$30.9B
| $58.4M | 0.52% |
+1,330,000
| New | +$55.4M |
|
35
United Parks & Resorts
PRKS
$1.83B
| $54.3M | 0.48% |
2,814,767
+403,173
| +17% | +$7.42M |
|
36
Eli Lilly
LLY
$1.02T
| $50.9M | 0.45% |
700,000
-2,008,800
| -74% | -$143M |
|
|
KLXI
37
DELISTED
KLX Inc.
KLXI
| $49.7M | 0.44% |
+1,529,017
| New | +$51.1M |
|
38
American Water Works
AWK
$28B
| $46.1M | 0.41% |
850,000
| – | – |
|
39
Leidos
LDOS
$16.7B
| $45.3M | 0.4% |
1,080,000
| – | – |
|
|
40
CALL
Eli Lilly
LLY
$1.02T
| $40M | 0.36% |
550,000
| – | – |
|
41
Watts Water Technologies
WTS
$12.1B
| $37.1M | 0.33% |
675,000
| – | – |
|
|
ONIT
42
Onity Group
ONIT
$296M
| $35.5M | 0.32% |
286,792
-298,835
| -51% | -$40M |
|
|
EQY
43
DELISTED
Equity One
EQY
| $34.7M | 0.31% |
1,300,000
| – | – |
|
44
Vanguard FTSE Emerging Markets ETF
VWO
$129B
| $34.3M | 0.31% |
840,000
| – | – |
|
45
Citigroup
C
$231B
| $31.7M | 0.28% |
615,500
| – | – |
|
|
VER
46
DELISTED
VEREIT, Inc.
VER
| $31.4M | 0.28% |
+638,000
| New | +$30.5M |
|
47
Rayonier
RYN
$6.09B
| $30.3M | 0.27% |
1,240,006
| – | – |
|
|
CERN
48
DELISTED
Cerner Corp
CERN
| $28.6M | 0.25% |
389,952
| – | – |
|
49
Qualcomm
QCOM
$180B
| $27.7M | 0.25% |
400,000
| – | – |
|
50
CONMED
CNMD
$1.48B
| $24.7M | 0.22% |
490,000
| – | – |
|
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Highfields Capital Management's Q1 2015 Portfolio in Review
As of Q1 2015, Highfields Capital Management held 92 positions worth $11.2B, down 4.7% from $11.8B the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Highfields Capital Management withdrew a net $1.06B in Q1 2015, closing 20 positions and reducing 14 holdings. Its most notable exit was Dollar Tree, an estimated $371M position sold in full.
By sector, the portfolio is most concentrated in Financials at 23% of assets, down from 25% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Highfields Capital Management opened a new position in Perrigo worth $182M.
- Highfields Capital Management's largest Q1 2015 buy was Perrigo: 1,101,478 shares worth $182M.
- Highfields Capital Management added most to McDonald's in Q1 2015, an estimated $857M increase.
- Highfields Capital Management's biggest Q1 2015 reduction was Monsanto Co, cutting an estimated $359M.
- Highfields Capital Management fully exited Dollar Tree in Q1 2015, selling an estimated $371M.
- Highfields Capital Management's ten largest holdings make up 58% of its $11.2B portfolio in Q1 2015.
- Highfields Capital Management opened 17 new positions and closed 20 in Q1 2015.
- Highfields Capital Management's portfolio value fell 4.7% quarter-over-quarter to $11.2B.
Based on Highfields Capital Management's 13F filing for Q1 2015, filed 15 May 2015.