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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
+6.34%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$12B
AUM Growth
+$420M
Cap. Flow
-$564M
Cap. Flow %
-4.69%
Top 10 Hldgs %
49.21%
Holding
76
New
14
Increased
14
Reduced
21
Closed
12

Top Buys

Rank Stock Value
1
TWX
Time Warner Inc
TWX
+$572M
2
CMCSA icon
Comcast
CMCSA
+$428M
3
AMZN icon
Amazon
AMZN
+$275M
4
AXTA icon
Axalta
AXTA
+$189M
5
TEVA icon
Teva Pharmaceuticals
TEVA
+$138M

Top Sells

Rank Stock Value
1
FDX icon
FedEx
FDX
+$501M
2
TGT icon
Target
TGT
+$346M
3
MAR icon
Marriott International
MAR
+$328M
4
BEN icon
Franklin Templeton
BEN
+$180M
5
HDS
HD Supply Holdings, Inc.
HDS
+$172M

Sector Composition

Rank Sector Weight
1 Communication Services 25.17%
2 Consumer Discretionary 20.16%
3 Healthcare 12.06%
4 Materials 9.71%
5 Energy 7.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NVDA icon
26
NVIDIA
NVDA
$5.25T
$150M 1.25%
30,996,000
+1,996,000
+7% +$9.91M
CVE icon
27
Cenovus Energy
CVE
$58.2B
$144M 1.19%
15,739,862
-5,885,138
-27% -$57.2M
LBTYA icon
28
Liberty Global Class A
LBTYA
$3.64B
$143M 1.19%
3,990,000
– –
VER
29
DELISTED
VEREIT, Inc.
VER
$138M 1.15%
3,543,000
+2,000
+0.1% +$80.2K
GS icon
30
Goldman Sachs
GS
$301B
$132M 1.1%
517,688
+10,000
+2% +$2.45M
SHPG
31
DELISTED
Shire pic
SHPG
$123M 1.03%
795,000
+607,500
+324% +$90M
CCEP icon
32
Coca-Cola Europacific Partners
CCEP
$48.2B
$104M 0.87%
2,618,179
+1,319,000
+102% +$52.7M
HGV icon
33
Hilton Grand Vacations
HGV
$3.41B
$103M 0.85%
2,446,893
– –
EXPE icon
34
Expedia Group
EXPE
$39.5B
$99.3M 0.83%
+829,000
New +$108M
RAD
35
DELISTED
Rite Aid Corporation
RAD
$92.6M 0.77%
2,350,518
+500
+0% +$17.9K
TSLA icon
36
Tesla
TSLA
$1.38T
$89.5M 0.74%
4,310,520
-240,435
-5% -$5.23M
HRI icon
37
Herc Holdings
HRI
$5.03B
$81.5M 0.68%
1,302,104
– –
TSLA icon
38
PUT
Tesla
TSLA
$1.38T
$77.8M 0.65%
3,750,000
– –
CNNE icon
39
Cannae Holdings
CNNE
$678M
$74.9M 0.62%
+4,400,457
New +$75.9M
SRUN
40
DELISTED
Silver Run Acquisition Corporation II Class A
SRUN
$74.4M 0.62%
7,508,999
-750,000
-9% -$7.49M
KR icon
41
Kroger
KR
$35.4B
$71.6M 0.6%
2,610,000
+965,000
+59% +$22.5M
NWSA icon
42
News Corp Class A
NWSA
$16.6B
$71.2M 0.59%
4,393,573
– –
VOD icon
43
Vodafone
VOD
$37.1B
$63.7M 0.53%
1,995,817
– –
WBA
44
DELISTED
Walgreens Boots Alliance
WBA
$62.3M 0.52%
857,564
– –
PE
45
DELISTED
PARSLEY ENERGY INC
PE
$59.7M 0.5%
2,028,000
+1,528,000
+306% +$40.8M
AXP icon
46
American Express
AXP
$225B
$59.6M 0.5%
+600,000
New +$57.1M
MDLZ icon
47
Mondelez International
MDLZ
$79.6B
$54.1M 0.45%
+1,265,000
New +$53.1M
PAGP icon
48
Plains GP Holdings
PAGP
$5.54B
$52.6M 0.44%
2,394,133
-1,013,242
-30% -$21.3M
GE icon
49
GE Aerospace
GE
$355B
$36.7M 0.31%
+439,341
New +$41.9M
CERN
50
DELISTED
Cerner Corp
CERN
$32.8M 0.27%
+486,740
New +$33.6M
1
2
3

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Highfields Capital Management's Q4 2017 Portfolio in Review

As of Q4 2017, Highfields Capital Management held 76 positions worth $12B, up 3.6% from $11.6B the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Highfields Capital Management withdrew a net $564M in Q4 2017, closing 12 positions and reducing 21 holdings. Its most notable exit was Target, an estimated $346M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 25% of assets, up from 18% a quarter earlier, followed by Consumer Discretionary and Healthcare.

Against the trend, Highfields Capital Management opened a new position in Comcast worth $456M.

  • Highfields Capital Management's largest Q4 2017 buy was Comcast: 11,383,724 shares worth $456M.
  • Highfields Capital Management added most to Time Warner Inc in Q4 2017, an estimated $572M increase.
  • Highfields Capital Management's biggest Q4 2017 reduction was FedEx, cutting an estimated $501M.
  • Highfields Capital Management fully exited Target in Q4 2017, selling an estimated $346M.
  • Highfields Capital Management's ten largest holdings make up 49% of its $12B portfolio in Q4 2017.
  • Highfields Capital Management opened 14 new positions and closed 12 in Q4 2017.
  • Highfields Capital Management's portfolio value rose 3.6% quarter-over-quarter to $12B.

Based on Highfields Capital Management's 13F filing for Q4 2017, filed 14 Feb 2018.