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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
+4.8%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$10.7B
AUM Growth
-$806M
(-7%)
Cap. Flow
-$907M
Cap. Flow
% of AUM
-8.5%
Top 10 Holdings %
Top 10 Hldgs %
49.51%
Holding
88
New
14
Increased
8
Reduced
21
Closed
15
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
MON
Monsanto Co
MON
|
+$320M |
| 2 |
Hilton Worldwide
HLT
|
+$160M |
| 3 |
Marriott International
MAR
|
+$121M |
| 4 |
Franklin Templeton
BEN
|
+$120M |
| 5 |
HTZ
Hertz Global Holdings, Inc.
HTZ
|
+$116M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Williams Companies
WMB
|
+$301M |
| 2 |
Teva Pharmaceuticals
TEVA
|
+$280M |
| 3 |
EMC
EMC CORPORATION
EMC
|
+$193M |
| 4 |
HOT
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
|
+$184M |
| 5 |
Herc Holdings
HRI
|
+$175M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 19.14% |
| 2 | Communication Services | 14.71% |
| 3 | Healthcare | 13.94% |
| 4 | Materials | 10.46% |
| 5 | Financials | 10.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
iShares Russell 2000 Growth ETF
IWO
$14.8B
| $125M | 1.17% |
840,000
| – | – |
|
27
Tesla
TSLA
$1.38T
| $114M | 1.07% |
8,372,865
-3,627,135
| -30% | -$52.4M |
|
|
TWX
28
DELISTED
Time Warner Inc
TWX
| $113M | 1.06% |
1,415,000
| – | – |
|
|
KSU
29
DELISTED
Kansas City Southern
KSU
| $105M | 0.98% |
1,120,000
| – | – |
|
|
RAD
30
DELISTED
Rite Aid Corporation
RAD
| $100M | 0.94% |
+650,000
| New | +$97M |
|
|
VER
31
DELISTED
VEREIT, Inc.
VER
| $98.6M | 0.92% |
1,901,000
-400,000
| -17% | -$20.8M |
|
32
TripAdvisor
TRIP
$1.16B
| $98.3M | 0.92% |
1,555,542
-943,081
| -38% | -$60.6M |
|
33
Pfizer
PFE
$159B
| $97M | 0.91% |
3,017,208
-3,162,000
| -51% | -$106M |
|
|
HTZ
34
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $96.4M | 0.9% |
+2,761,826
| New | +$116M |
|
35
Hershey
HSY
$36B
| $95.6M | 0.9% |
+1,000,000
| New | +$106M |
|
|
AGN
36
DELISTED
Allergan plc
AGN
| $92.1M | 0.86% |
400,000
| – | – |
|
37
Colgate-Palmolive
CL
$72.3B
| $74.1M | 0.69% |
1,000,000
-496,400
| -33% | -$36.7M |
|
38
Halliburton
HAL
$30.1B
| $72.5M | 0.68% |
1,614,864
| – | – |
|
39
Liberty Global Class A
LBTYA
$3.64B
| $68.4M | 0.64% |
+2,000,000
| New | +$63.5M |
|
40
Costco
COST
$419B
| $66.5M | 0.62% |
+436,000
| New | +$70.5M |
|
41
CALL
Herbalife
HLF
$1.3B
| $62M | 0.58% |
+2,000,000
| New | +$63.2M |
|
42
News Corp Class A
NWSA
$16.6B
| $61.4M | 0.58% |
4,393,573
| – | – |
|
|
SYT
43
DELISTED
Syngenta Ag
SYT
| $59.8M | 0.56% |
+682,381
| New | +$56.2M |
|
44
Itaú Unibanco
ITUB
$82.7B
| $58.5M | 0.55% |
12,131,889
-4,535,286
| -27% | -$21.5M |
|
|
FNFV
45
DELISTED
Fidelity Natl Financial, Inc.
FNFV
| $54.9M | 0.51% |
4,400,457
| – | – |
|
46
Apollo Global Management
APO
$79.7B
| $48.2M | 0.45% |
2,683,528
| – | – |
|
|
ICPT
47
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $46M | 0.43% |
279,232
-229,000
| -45% | -$36.1M |
|
|
48
Herc Holdings
HRI
$5.03B
| $43.9M | 0.41% |
1,302,104
-5,208,439
| -80% | -$175M |
|
49
Citigroup
C
$223B
| $40.6M | 0.38% |
860,500
| – | – |
|
50
Coca-Cola Europacific Partners
CCEP
$48.2B
| $40M | 0.38% |
1,003,750
-1,333,000
| -57% | -$50.9M |
|
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Highfields Capital Management's Q3 2016 Portfolio in Review
As of Q3 2016, Highfields Capital Management held 88 positions worth $10.7B, down 7% from $11.5B the previous quarter. Its ten largest holdings account for 50% of the portfolio.
Highfields Capital Management withdrew a net $907M in Q3 2016, closing 15 positions and reducing 21 holdings. Its most notable exit was EMC CORPORATION, an estimated $193M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 19% of assets, up from 16% a quarter earlier, followed by Communication Services and Healthcare.
Against the trend, Highfields Capital Management opened a new position in Hertz Global Holdings, Inc. worth $96.4M.
- Highfields Capital Management's largest Q3 2016 buy was Hertz Global Holdings, Inc.: 2,761,826 shares worth $96.4M.
- Highfields Capital Management added most to Monsanto Co in Q3 2016, an estimated $320M increase.
- Highfields Capital Management's biggest Q3 2016 reduction was Williams Companies, cutting an estimated $301M.
- Highfields Capital Management fully exited EMC CORPORATION in Q3 2016, selling an estimated $193M.
- Highfields Capital Management's ten largest holdings make up 50% of its $10.7B portfolio in Q3 2016.
- Highfields Capital Management opened 14 new positions and closed 15 in Q3 2016.
- Highfields Capital Management's portfolio value fell 7% quarter-over-quarter to $10.7B.
Based on Highfields Capital Management's 13F filing for Q3 2016, filed 14 Nov 2016.