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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
+11.94%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$11.6B
AUM Growth
+$274M
Cap. Flow
-$825M
Cap. Flow %
-7.11%
Top 10 Hldgs %
51.55%
Holding
88
New
10
Increased
17
Reduced
21
Closed
11

Top Buys

Rank Stock Value
1
YHOO
Yahoo Inc
YHOO
+$240M
2
WMB icon
Williams Companies
WMB
+$195M
3
ABBV icon
AbbVie
ABBV
+$149M
4
HOT
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
+$148M
5
KSU
Kansas City Southern
KSU
+$143M

Top Sells

Rank Stock Value
1
PARA
Paramount Global Class B
PARA
+$347M
2
BEN icon
Franklin Templeton
BEN
+$252M
3
APD icon
Air Products & Chemicals
APD
+$244M
4
MHFI
MCGRAW-HILL FINANCIAL INC COM
MHFI
+$164M
5
IRM icon
Iron Mountain
IRM
+$149M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 18.4%
2 Communication Services 14.33%
3 Financials 13.75%
4 Healthcare 12.51%
5 Technology 7.97%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WBA
26
DELISTED
Walgreens Boots Alliance
WBA
$140M 1.2%
1,642,012
-976,556
-37% -$82.9M
SRE icon
27
Sempra
SRE
$55B
$131M 1.12%
2,776,800
– –
PYPL icon
28
PayPal
PYPL
$47B
$129M 1.11%
3,550,000
-1,000,000
-22% -$35.3M
AGN
29
DELISTED
Allergan plc
AGN
$127M 1.1%
+407,087
New +$121M
KSU
30
DELISTED
Kansas City Southern
KSU
$125M 1.08%
+1,675,000
New +$143M
IWO icon
31
iShares Russell 2000 Growth ETF
IWO
$14.7B
$117M 1.01%
840,000
– –
HRI icon
32
Herc Holdings
HRI
$4.71B
$101M 0.87%
2,358,712
-1,274,365
-35% -$64M
BABA icon
33
CALL
Alibaba
BABA
$281B
$89.4M 0.77%
1,100,000
– –
BRCM
34
DELISTED
BROADCOM CORP CL-A
BRCM
$76.3M 0.66%
1,320,200
– –
ENB icon
35
Enbridge
ENB
$109B
$74.7M 0.64%
2,250,820
-1,800,000
-44% -$67.7M
CB
36
DELISTED
CHUBB CORPORATION
CB
$66.3M 0.57%
500,000
– –
EBAY icon
37
eBay
EBAY
$46B
$65.3M 0.56%
2,377,703
-4,172,297
-64% -$115M
NWSA icon
38
News Corp Class A
NWSA
$16.3B
$58.7M 0.51%
4,393,573
– –
HAL icon
39
Halliburton
HAL
$30.9B
$55M 0.47%
1,614,864
-3,188,136
-66% -$120M
AER icon
40
AerCap
AER
$22.9B
$53.2M 0.46%
1,232,900
-350,100
-22% -$14.7M
VER
41
DELISTED
VEREIT, Inc.
VER
$51.5M 0.44%
1,301,000
– –
BNY
42
Bank of New York Mellon
BNY
$112B
$49.9M 0.43%
+1,210,000
New +$50.8M
K
43
DELISTED
Kellanova
K
$49.9M 0.43%
734,850
+237,495
+48% +$15.5M
FNFV
44
DELISTED
Fidelity Natl Financial, Inc.
FNFV
$49.4M 0.43%
4,400,457
– –
DIA icon
45
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$45.9B
$42.1M 0.36%
+242,000
New +$42.3M
YPF icon
46
YPF Sociedad Anonima ADS
YPF
$20.6B
$41M 0.35%
2,605,719
– –
GG
47
DELISTED
Goldcorp Inc
GG
$37.6M 0.32%
3,250,000
+750,000
+30% +$9.54M
B
48
CALL
Barrick Mining
B
$73.7B
$36.9M 0.32%
5,000,000
-2,000,000
-29% -$14.9M
APO icon
49
Apollo Global Management
APO
$78.9B
$34.2M 0.29%
2,255,130
+336,487
+18% +$5.75M
T icon
50
AT&T
T
$176B
$34M 0.29%
1,307,622
– –
1
2
3 4

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Highfields Capital Management's Q4 2015 Portfolio in Review

As of Q4 2015, Highfields Capital Management held 88 positions worth $11.6B, up 2.4% from $11.3B the previous quarter. Its ten largest holdings account for 52% of the portfolio.

Highfields Capital Management withdrew a net $825M in Q4 2015, closing 11 positions and reducing 21 holdings. Its most notable exit was Air Products & Chemicals, an estimated $244M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 18% of assets, up from 15% a quarter earlier, followed by Communication Services and Financials.

Against the trend, Highfields Capital Management opened a new position in Yahoo Inc worth $239M.

  • Highfields Capital Management's largest Q4 2015 buy was Yahoo Inc: 7,200,000 shares worth $239M.
  • Highfields Capital Management added most to Williams Companies in Q4 2015, an estimated $195M increase.
  • Highfields Capital Management's biggest Q4 2015 reduction was Paramount Global Class B, cutting an estimated $347M.
  • Highfields Capital Management fully exited Air Products & Chemicals in Q4 2015, selling an estimated $244M.
  • Highfields Capital Management's ten largest holdings make up 52% of its $11.6B portfolio in Q4 2015.
  • Highfields Capital Management opened 10 new positions and closed 11 in Q4 2015.
  • Highfields Capital Management's portfolio value rose 2.4% quarter-over-quarter to $11.6B.

Based on Highfields Capital Management's 13F filing for Q4 2015, filed 16 Feb 2016.