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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
+1.58%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$11.5B
AUM Growth
+$765M
Cap. Flow
+$378M
Cap. Flow %
3.29%
Top 10 Hldgs %
45.59%
Holding
91
New
18
Increased
16
Reduced
15
Closed
19
Avg Time Held Equity + Options
1 year
Top 10 Avg Time Held Equity + Options
0.5 years
Top 20 Avg Time Held Equity + Options
0.7 years
Avg Time Held Equity only
1.1 years
Top 10 Avg Time Held Equity only
0.6 years
Top 20 Avg Time Held Equity only
0.8 years

Top Buys

Rank Stock Value
1
HLT icon
Hilton Worldwide
HLT
+$468M
2
MSFT icon
Microsoft
MSFT
+$283M
3
XLI icon
State Street Industrial Select Sector SPDR ETF
XLI
+$279M
4
TEVA icon
Teva Pharmaceutical Industries Limited
TEVA
+$211M
5
BEN icon
Franklin Templeton
BEN
+$179M

Top Sells

Rank Stock Value
1
MCD icon
McDonald's
MCD
+$596M
2
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
+$374M
3
PARA icon
Paramount Global Class B
PARA
+$166M
4
DIS icon
Walt Disney
DIS
+$162M
5
BXLT
BAXALTA INC COM STK (DE)
BXLT
+$156M

Sector Composition

Rank Sector Weight
1 Healthcare 17.7%
2 Consumer Discretionary 16.37%
3 Miscellaneous 13.19%
4 Communication Services 13.02%
5 Financials 8.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
TSLA icon
26
Tesla
TSLA
$1.43T
$170M 1.48%
12,000,000
+9,162,375
+323% +$139M
2014 Q4
6 quarters
TRIP icon
27
TripAdvisor
TRIP
$1.1B
$161M 1.4%
2,498,623
-1,563,769
-38% -$101M
2015 Q3
3 quarters
MGM icon
28
MGM Resorts International
MGM
$7.36B
$146M 1.27%
6,460,306
– –
2015 Q2
4 quarters
PEP icon
29
PepsiCo
PEP
$177B
$132M 1.15%
1,250,000
-769,700
-38% -$79.4M
2016 Q1
1 quarter
AER icon
30
AerCap
AER
$22.8B
$120M 1.05%
3,587,136
+854,236
+31% +$32.8M
2015 Q3
3 quarters
VER
31
DELISTED
VEREIT, Inc.
VER
$117M 1.02%
2,301,000
– –
2015 Q1
5 quarters
IWO icon
32
iShares Russell 2000 Growth ETF
IWO
$13.6B
$115M 1%
840,000
– –
2013 Q2
12 quarters
CL icon
33
Colgate-Palmolive
CL
$73.9B
$110M 0.95%
1,496,400
-373,600
-20% -$26.6M
2016 Q1
1 quarter
TWX
34
DELISTED
Time Warner Inc
TWX
$104M 0.91%
1,415,000
– –
2016 Q1
1 quarter
KSU
35
DELISTED
Kansas City Southern
KSU
$101M 0.88%
1,120,000
– –
2015 Q4
2 quarters
AGN
36
DELISTED
Allergan plc
AGN
$92.4M 0.81%
+400,000
New +$92.2M
2016 Q2
0 quarters
BP icon
37
BP
BP
$125B
$88.8M 0.77%
+2,971,242
New +$80.1M
2016 Q2
0 quarters
SU icon
38
Suncor Energy
SU
$89.4B
$87.3M 0.76%
+3,150,000
New +$86.4M
2016 Q2
0 quarters
CCEP icon
39
Coca-Cola Europacific Partners
CCEP
$48.2B
$83.4M 0.73%
2,336,750
+1,170,750
+100% +$55.2M
2016 Q1
1 quarter
HAL icon
40
Halliburton
HAL
$27.1B
$73.1M 0.64%
1,614,864
-600,000
-27% -$24.7M
2015 Q1
5 quarters
ICPT
41
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
$72.5M 0.63%
508,232
+267,840
+111% +$39.1M
2015 Q1
5 quarters
ITUB icon
42
Itaú Unibanco
ITUB
$106B
$69.4M 0.6%
+16,667,175
New +$64.2M
2016 Q2
0 quarters
CF icon
43
CF Industries
CF
$18.1B
$65M 0.57%
+2,699,146
New +$80.1M
2016 Q2
0 quarters
CERN
44
DELISTED
Cerner Corp
CERN
$59.2M 0.52%
+1,010,155
New +$56.3M
2016 Q2
0 quarters
APC icon
45
DELISTED
Anadarko Petroleum
APC
$57.5M 0.5%
1,080,588
– –
2013 Q2
12 quarters
MON
46
DELISTED
Monsanto Co
MON
$51.7M 0.45%
+500,000
New +$49.5M
2016 Q2
0 quarters
FNFV
47
DELISTED
Fidelity Natl Financial, Inc.
FNFV
$50.5M 0.44%
4,400,457
– –
2014 Q3
7 quarters
NWSA icon
48
News Corp Class A
NWSA
$16.2B
$49.9M 0.43%
4,393,573
– –
2013 Q3
11 quarters
APO icon
49
Apollo Global Management
APO
$66.9B
$40.7M 0.35%
2,683,528
– –
2015 Q1
5 quarters
RDS.B
50
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
$39.2M 0.34%
700,000
+500,000
+250% +$25.7M
2016 Q1
1 quarter
1
2
3 4

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Highfields Capital Management's Q2 2016 Portfolio in Review

As of Q2 2016, Highfields Capital Management held 91 positions worth $11.5B, up 7.1% from $10.7B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Highfields Capital Management deployed $378M of net new capital in Q2 2016, opening 18 new positions and adding to 16 existing holdings. Its largest new stake was Hilton Worldwide: 7,137,458 shares worth $482M.

By sector, the portfolio is most concentrated in Healthcare at 18% of assets, up from 16% a quarter earlier, followed by Consumer Discretionary and Miscellaneous.

On the sell side, the largest reduction was Paramount Global Class B, an estimated $166M trimmed.

  • Highfields Capital Management's largest Q2 2016 buy was Hilton Worldwide: 7,137,458 shares worth $482M.
  • Highfields Capital Management added most to Teva Pharmaceutical Industries Limited in Q2 2016, an estimated $211M increase.
  • Highfields Capital Management's biggest Q2 2016 reduction was Paramount Global Class B, cutting an estimated $166M.
  • Highfields Capital Management fully exited McDonald's in Q2 2016, selling an estimated $596M.
  • Highfields Capital Management's ten largest holdings make up 46% of its $11.5B portfolio in Q2 2016.
  • Highfields Capital Management opened 18 new positions and closed 19 in Q2 2016.
  • Highfields Capital Management's portfolio value rose 7.1% quarter-over-quarter to $11.5B.

Based on Highfields Capital Management's 13F filing for Q2 2016, filed 15 Aug 2016.