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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
+1.7%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$13.5B
AUM Growth
+$2.72B
Cap. Flow
+$1.83B
Cap. Flow %
13.55%
Top 10 Hldgs %
50.49%
Holding
83
New
16
Increased
21
Reduced
12
Closed
12
Avg Time Held Equity + Options
1.1 years
Top 10 Avg Time Held Equity + Options
1.1 years
Top 20 Avg Time Held Equity + Options
0.9 years
Avg Time Held Equity only
1.2 years
Top 10 Avg Time Held Equity only
1.2 years
Top 20 Avg Time Held Equity only
1 year

Top Buys

Rank Stock Value
1
QQQ icon
Invesco QQQ Trust
QQQ
+$966M
2
HDS
HD Supply Holdings, Inc.
HDS
+$358M
3
BHI
Baker Hughes
BHI
+$349M
4
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
+$224M
5
TWX
Time Warner Inc
TWX
+$200M

Top Sells

Rank Stock Value
1
AMT icon
American Tower
AMT
+$408M
2
BEAV
B/E Aerospace Inc
BEAV
+$305M
3
CCEP icon
Coca-Cola Europacific Partners
CCEP
+$140M
4
YHOO
Yahoo Inc
YHOO
+$139M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$131M

Sector Composition

Rank Sector Weight
1 Miscellaneous 17.52%
2 Consumer Discretionary 15.36%
3 Communication Services 14.23%
4 Financials 12.36%
5 Healthcare 9.71%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
GOOG icon
26
Alphabet (Google) Class C
GOOG
$4.22T
$143M 1.06%
3,156,260
-2,850,980
-47% -$131M
2014 Q2
12 quarters
IWO icon
27
iShares Russell 2000 Growth ETF
IWO
$13.6B
$142M 1.05%
840,000
– –
2013 Q2
16 quarters
VER
28
DELISTED
VEREIT, Inc.
VER
$134M 0.99%
3,301,000
+1,400,000
+74% +$57.9M
2015 Q1
9 quarters
CTSH icon
29
Cognizant
CTSH
$29.3B
$131M 0.97%
1,975,000
– –
2016 Q4
2 quarters
LBTYA icon
30
Liberty Global Class A
LBTYA
$2.74B
$128M 0.95%
3,990,000
+1,990,000
+100% +$63.7M
2016 Q3
3 quarters
SRUNU
31
DELISTED
Silver Run Acquisition Corporation II Units
SRUNU
$123M 0.91%
11,500,000
– –
2017 Q1
1 quarter
PAGP icon
32
Plains GP Holdings
PAGP
$5.38B
$113M 0.84%
4,329,082
+1,329,082
+44% +$37.1M
2017 Q1
1 quarter
GS icon
33
Goldman Sachs
GS
$258B
$113M 0.83%
+507,688
New +$113M
2017 Q2
0 quarters
KO icon
34
Coca-Cola
KO
$397B
$112M 0.83%
+2,500,000
New +$110M
2017 Q2
0 quarters
TSLA icon
35
Tesla
TSLA
$1.42T
$102M 0.76%
4,251,510
-5,021,355
-54% -$111M
2014 Q4
10 quarters
EWW icon
36
iShares MSCI Mexico ETF
EWW
$1.46B
$96.5M 0.71%
1,789,000
– –
2016 Q4
2 quarters
PFE icon
37
Pfizer
PFE
$169B
$96.2M 0.71%
3,017,208
– –
2016 Q1
5 quarters
TSLA icon
38
PUT
Tesla
TSLA
$1.42T
$90.4M 0.67%
3,750,000
– –
2016 Q1
5 quarters
HGV icon
39
Hilton Grand Vacations
HGV
$2.84B
$88.2M 0.65%
2,446,893
– –
2017 Q1
1 quarter
H icon
40
Hyatt Hotels
H
$16.1B
$81.3M 0.6%
1,445,500
+675,500
+88% +$38.2M
2017 Q1
1 quarter
NVDA icon
41
NVIDIA
NVDA
$5.24T
$79.5M 0.59%
+22,000,000
New +$69.9M
2017 Q2
0 quarters
SHPG
42
DELISTED
Shire pic
SHPG
$78.5M 0.58%
475,000
+195,000
+70% +$34.1M
2017 Q1
1 quarter
DLTR icon
43
Dollar Tree
DLTR
$23.2B
$69.9M 0.52%
+1,000,000
New +$77.2M
2017 Q2
0 quarters
FNFV
44
DELISTED
Fidelity Natl Financial, Inc.
FNFV
$69.5M 0.51%
4,400,457
– –
2014 Q3
11 quarters
WBA icon
45
DELISTED
Walgreens Boots Alliance
WBA
$67.2M 0.5%
857,564
+750,000
+697% +$61.7M
2014 Q2
12 quarters
RAD
46
DELISTED
Rite Aid Corporation
RAD
$64.9M 0.48%
1,100,018
+150,000
+16% +$11.3M
2016 Q3
3 quarters
NWSA icon
47
News Corp Class A
NWSA
$16.2B
$60.2M 0.45%
4,393,573
– –
2013 Q3
15 quarters
VOD icon
48
Vodafone
VOD
$36.7B
$57.3M 0.42%
1,995,817
-542,000
-21% -$15.1M
2013 Q2
16 quarters
MCD icon
49
McDonald's
MCD
$172B
$57.1M 0.42%
+373,044
New +$53.9M
2017 Q2
0 quarters
CCEP icon
50
Coca-Cola Europacific Partners
CCEP
$48.2B
$57M 0.42%
1,400,561
-3,546,671
-72% -$140M
2016 Q1
5 quarters
1
2
3 4

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Highfields Capital Management's Q2 2017 Portfolio in Review

As of Q2 2017, Highfields Capital Management held 83 positions worth $13.5B, up 25% from $10.8B the previous quarter. Its ten largest holdings account for 50% of the portfolio.

Highfields Capital Management deployed $1.83B of net new capital in Q2 2017, opening 16 new positions and adding to 21 existing holdings. Its largest new stake was Invesco QQQ Trust: 7,025,000 shares worth $967M.

By sector, the portfolio is most concentrated in Miscellaneous at 18% of assets, up from 7.2% a quarter earlier, followed by Consumer Discretionary and Communication Services.

On the sell side, the largest reduction was American Tower, an estimated $408M trimmed.

  • Highfields Capital Management's largest Q2 2017 buy was Invesco QQQ Trust: 7,025,000 shares worth $967M.
  • Highfields Capital Management added most to Time Warner Inc in Q2 2017, an estimated $200M increase.
  • Highfields Capital Management's biggest Q2 2017 reduction was American Tower, cutting an estimated $408M.
  • Highfields Capital Management fully exited B/E Aerospace Inc in Q2 2017, selling an estimated $305M.
  • Highfields Capital Management's ten largest holdings make up 50% of its $13.5B portfolio in Q2 2017.
  • Highfields Capital Management opened 16 new positions and closed 12 in Q2 2017.
  • Highfields Capital Management's portfolio value rose 25% quarter-over-quarter to $13.5B.

Based on Highfields Capital Management's 13F filing for Q2 2017, filed 14 Aug 2017.