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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
+2.86%
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
-$1.89B
(-14%)
Cap. Flow
-$1.51B
Cap. Flow
% of AUM
-13.02%
Top 10 Holdings %
Top 10 Hldgs %
49.04%
Holding
80
New
9
Increased
19
Reduced
15
Closed
18
Avg Time Held Equity + Options
1.3
years
Top 10 Avg Time Held Equity + Options
1.1
years
Top 20 Avg Time Held Equity + Options
1
year
Avg Time Held Equity only
1.3
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 |
Pioneer Natural Resource Co.
PXD
|
+$400M |
| 2 |
Baker Hughes
BKR
|
+$359M |
| 3 |
DuPont de Nemours
DD
|
+$273M |
| 4 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$164M |
| 5 |
FedEx
FDX
|
+$161M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$967M |
| 2 |
Franklin Templeton
BEN
|
+$472M |
| 3 |
Du Pont De Nemours E I
DD
|
+$396M |
| 4 |
BHI
Baker Hughes
BHI
|
+$331M |
| 5 |
American Tower
AMT
|
+$254M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 18.48% |
| 2 | Communication Services | 17.99% |
| 3 | Industrials | 11.22% |
| 4 | Energy | 9.58% |
| 5 | Financials | 9.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
Cognizant
CTSH
$28.1B
| $143M | 1.23% |
1,975,000
| – | – |
2016 Q4
3 quarters
|
|
27
Liberty Global Class A
LBTYA
$2.79B
| $135M | 1.17% |
3,990,000
| – | – |
2016 Q3
4 quarters
|
|
28
NVIDIA
NVDA
$5.34T
| $130M | 1.12% |
29,000,000
+7,000,000
| +32% | +$29.1M |
2017 Q2
1 quarter
|
|
29
Goldman Sachs
GS
$256B
| $120M | 1.04% |
507,688
| – | – |
2017 Q2
1 quarter
|
|
30
Tesla
TSLA
$1.45T
| $103M | 0.89% |
4,550,955
+299,445
| +7% | +$6.91M |
2014 Q4
11 quarters
|
|
31
iShares MSCI Mexico ETF
EWW
$1.43B
| $97.7M | 0.84% |
1,789,000
| – | – |
2016 Q4
3 quarters
|
|
32
Hilton Grand Vacations
HGV
$2.7B
| $94.5M | 0.81% |
2,446,893
| – | – |
2017 Q1
2 quarters
|
|
|
RAD
33
DELISTED
Rite Aid Corporation
RAD
| $92.1M | 0.79% |
2,350,018
+1,250,000
| +114% | +$59.3M |
2016 Q3
4 quarters
|
|
|
34
American Tower
AMT
$83.6B
| $90.1M | 0.78% |
659,386
-1,825,850
| -73% | -$254M |
2015 Q3
8 quarters
|
|
|
35
PUT
Tesla
TSLA
$1.45T
| $85.3M | 0.73% |
3,750,000
| – | – |
2016 Q1
6 quarters
|
|
|
SRUN
36
DELISTED
Silver Run Acquisition Corporation II Class A
SRUN
| $84.1M | 0.72% |
+8,258,999
| New | +$84M |
2017 Q3
0 quarters
|
|
|
FNFV
37
DELISTED
Fidelity Natl Financial, Inc.
FNFV
| $75.5M | 0.65% |
4,400,457
| – | – |
2014 Q3
12 quarters
|
|
38
Plains GP Holdings
PAGP
$5.37B
| $74.5M | 0.64% |
3,407,375
-921,707
| -21% | -$21.9M |
2017 Q1
2 quarters
|
|
39
DELISTED
Walgreens Boots Alliance
WBA
| $66.2M | 0.57% |
857,564
| – | – |
2014 Q2
13 quarters
|
|
40
Herc Holdings
HRI
$4.12B
| $64M | 0.55% |
1,302,104
| – | – |
2014 Q2
13 quarters
|
|
41
News Corp Class A
NWSA
$15.9B
| $58.3M | 0.5% |
4,393,573
| – | – |
2013 Q3
16 quarters
|
|
42
Vodafone
VOD
$35.9B
| $56.8M | 0.49% |
1,995,817
| – | – |
2013 Q2
17 quarters
|
|
43
Coca-Cola Europacific Partners
CCEP
$47.1B
| $54.1M | 0.47% |
1,299,179
-101,382
| -7% | -$4.3M |
2016 Q1
6 quarters
|
|
44
State Street SPDR S&P 500 ETF Trust
SPY
$813B
| $52.9M | 0.46% |
210,709
+92,163
| +78% | +$22.7M |
2017 Q1
2 quarters
|
|
45
iShares S&P 500 Growth ETF
IVW
$78.3B
| $50.3M | 0.43% |
1,402,992
+1,339,748
| +2,118% | +$47.2M |
2017 Q1
2 quarters
|
|
46
Kroger
KR
$37.3B
| $33M | 0.28% |
+1,645,000
| New | +$37.1M |
2017 Q3
0 quarters
|
|
47
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $32M | 0.28% |
+1,031,238
| New | +$29.3M |
2017 Q3
0 quarters
|
|
48
FirstEnergy
FE
$26.3B
| $29.3M | 0.25% |
950,000
-50,000
| -5% | -$1.57M |
2017 Q2
1 quarter
|
|
|
SHPG
49
DELISTED
Shire pic
SHPG
| $28.7M | 0.25% |
187,500
-287,500
| -61% | -$45.1M |
2017 Q1
2 quarters
|
|
|
EGN
50
DELISTED
Energen
EGN
| $27.4M | 0.24% |
500,550
-3,168,446
| -86% | -$161M |
2017 Q1
2 quarters
|
|
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Highfields Capital Management's Q3 2017 Portfolio in Review
As of Q3 2017, Highfields Capital Management held 80 positions worth $11.6B, down 14% from $13.5B the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Highfields Capital Management withdrew a net $1.51B in Q3 2017, closing 18 positions and reducing 15 holdings. Its most notable exit was Invesco QQQ Trust, an estimated $967M 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 Industrials.
Against the trend, Highfields Capital Management opened a new position in Pioneer Natural Resource Co. worth $411M.
- Highfields Capital Management's largest Q3 2017 buy was Pioneer Natural Resource Co.: 2,784,479 shares worth $411M.
- Highfields Capital Management added most to DuPont de Nemours in Q3 2017, an estimated $273M increase.
- Highfields Capital Management's biggest Q3 2017 reduction was Franklin Templeton, cutting an estimated $472M.
- Highfields Capital Management fully exited Invesco QQQ Trust in Q3 2017, selling an estimated $967M.
- Highfields Capital Management's ten largest holdings make up 49% of its $11.6B portfolio in Q3 2017.
- Highfields Capital Management opened 9 new positions and closed 18 in Q3 2017.
- Highfields Capital Management's portfolio value fell 14% quarter-over-quarter to $11.6B.
Based on Highfields Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.