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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
+3.85%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$10.8B
AUM Growth
-$1.27B
Cap. Flow
-$959M
Cap. Flow %
-8.89%
Top 10 Hldgs %
52.79%
Holding
89
New
20
Increased
12
Reduced
14
Closed
22

Top Buys

Rank Stock Value
1
TGT icon
Target
TGT
+$314M
2
FDX icon
FedEx
FDX
+$229M
3
CVE icon
Cenovus Energy
CVE
+$182M
4
HCA icon
HCA Healthcare
HCA
+$156M
5
VZ icon
Verizon
VZ
+$154M

Top Sells

Rank Stock Value
1
ABBV icon
AbbVie
ABBV
+$372M
2
PPLI
People Inc
PPLI
+$284M
3
PARA
Paramount Global Class B
PARA
+$266M
4
DD
Du Pont De Nemours E I
DD
+$225M
5
MAR icon
Marriott International
MAR
+$197M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 18.24%
2 Financials 13.56%
3 Communication Services 13.51%
4 Healthcare 10.24%
5 Materials 9.46%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IWO icon
26
iShares Russell 2000 Growth ETF
IWO
$14.7B
$136M 1.26%
840,000
– –
SRUNU
27
DELISTED
Silver Run Acquisition Corporation II Units
SRUNU
$120M 1.11%
+11,500,000
New +$120M
CTSH icon
28
Cognizant
CTSH
$28.1B
$118M 1.09%
1,975,000
-2,544,280
-56% -$146M
PFE icon
29
Pfizer
PFE
$162B
$97.9M 0.91%
3,017,208
– –
PAGP icon
30
Plains GP Holdings
PAGP
$5.52B
$93.8M 0.87%
+3,000,000
New +$97.5M
EWW icon
31
iShares MSCI Mexico ETF
EWW
$1.8B
$91.5M 0.85%
1,789,000
-430,000
-19% -$20M
RAD
32
DELISTED
Rite Aid Corporation
RAD
$80.8M 0.75%
950,018
+200,018
+27% +$24.1M
VER
33
DELISTED
VEREIT, Inc.
VER
$80.7M 0.75%
1,901,000
– –
CVS icon
34
CVS Health
CVS
$124B
$74.3M 0.69%
946,100
– –
LBTYA icon
35
Liberty Global Class A
LBTYA
$3.62B
$71.7M 0.67%
2,000,000
– –
HGV icon
36
Hilton Grand Vacations
HGV
$3.27B
$70.1M 0.65%
+2,446,893
New +$69.8M
TSLA icon
37
PUT
Tesla
TSLA
$1.4T
$69.6M 0.65%
3,750,000
-1,500,000
-29% -$25.4M
VOD icon
38
Vodafone
VOD
$39.1B
$67.1M 0.62%
2,537,817
– –
HRI icon
39
Herc Holdings
HRI
$4.71B
$63.7M 0.59%
1,302,104
– –
SYT
40
DELISTED
Syngenta Ag
SYT
$60.4M 0.56%
682,381
– –
FNFV
41
DELISTED
Fidelity Natl Financial, Inc.
FNFV
$58.3M 0.54%
4,400,457
– –
NWSA icon
42
News Corp Class A
NWSA
$16.3B
$57.1M 0.53%
4,393,573
– –
MPC icon
43
Marathon Petroleum
MPC
$109B
$56.5M 0.52%
+1,118,100
New +$55.7M
SHPG
44
DELISTED
Shire pic
SHPG
$48.8M 0.45%
+280,000
New +$48.9M
H icon
45
Hyatt Hotels
H
$15.6B
$41.6M 0.39%
+770,000
New +$41.5M
ICPT
46
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
$41.2M 0.38%
364,232
-100,000
-22% -$11.7M
APO icon
47
Apollo Global Management
APO
$78.9B
$38.4M 0.36%
1,577,999
-700,200
-31% -$15.6M
AER icon
48
AerCap
AER
$22.9B
$34.8M 0.32%
756,068
-756,068
-50% -$33.9M
DD icon
49
DuPont de Nemours
DD
$17.8B
$31.8M 0.29%
+197,441
New +$30.7M
IJK icon
50
iShares S&P Mid-Cap 400 Growth ETF
IJK
$10.8B
$26.3M 0.24%
+551,604
New +$26M
1
2
3 4

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Highfields Capital Management's Q1 2017 Portfolio in Review

As of Q1 2017, Highfields Capital Management held 89 positions worth $10.8B, down 11% from $12.1B the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Highfields Capital Management withdrew a net $959M in Q1 2017, closing 22 positions and reducing 14 holdings. Its most notable exit was AbbVie, an estimated $372M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 18% of assets, down from 19% a quarter earlier, followed by Financials and Communication Services.

Against the trend, Highfields Capital Management opened a new position in Target worth $279M.

  • Highfields Capital Management's largest Q1 2017 buy was Target: 5,051,698 shares worth $279M.
  • Highfields Capital Management added most to FedEx in Q1 2017, an estimated $229M increase.
  • Highfields Capital Management's biggest Q1 2017 reduction was People Inc, cutting an estimated $284M.
  • Highfields Capital Management fully exited AbbVie in Q1 2017, selling an estimated $372M.
  • Highfields Capital Management's ten largest holdings make up 53% of its $10.8B portfolio in Q1 2017.
  • Highfields Capital Management opened 20 new positions and closed 22 in Q1 2017.
  • Highfields Capital Management's portfolio value fell 11% quarter-over-quarter to $10.8B.

Based on Highfields Capital Management's 13F filing for Q1 2017, filed 15 May 2017.