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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
+6.08%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$9.09B
AUM Growth
-$1.95B
Cap. Flow
-$2.79B
Cap. Flow %
-30.65%
Top 10 Hldgs %
54.24%
Holding
77
New
17
Increased
10
Reduced
17
Closed
20

Top Buys

Rank Stock Value
1
NXPI icon
NXP Semiconductors
NXPI
+$788M
2
CVS icon
CVS Health
CVS
+$253M
3
CHTR icon
Charter Communications
CHTR
+$211M
4
META icon
Meta Platforms (Facebook)
META
+$106M
5
AET
Aetna Inc
AET
+$81.6M

Top Sells

Rank Stock Value
1
TWX
Time Warner Inc
TWX
+$1.17B
2
MON
Monsanto Co
MON
+$845M
3
HCA icon
HCA Healthcare
HCA
+$449M
4
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
+$279M
5
EXPE icon
Expedia Group
EXPE
+$239M

Sector Composition

Rank Sector Weight
1 Communication Services 33.14%
2 Healthcare 14.38%
3 Consumer Discretionary 12.13%
4 Financials 10.36%
5 Technology 9.05%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RJF icon
26
Raymond James Financial
RJF
$34.3B
$103M 1.13%
1,728,300
+43,800
+3% +$2.72M
TSLA icon
27
Tesla
TSLA
$1.4T
$98.6M 1.08%
4,310,520
– –
RAD
28
DELISTED
Rite Aid Corporation
RAD
$81.3M 0.89%
2,350,518
– –
HCA icon
29
HCA Healthcare
HCA
$87.7B
$76.8M 0.85%
749,030
-4,435,470
-86% -$449M
GLD icon
30
CALL
SPDR Gold Trust
GLD
$150B
$71.2M 0.78%
+600,000
New +$74.3M
NWSA icon
31
News Corp Class A
NWSA
$16.3B
$68.1M 0.75%
4,393,573
– –
T icon
32
CALL
AT&T
T
$176B
$64.2M 0.71%
+2,648,000
New +$66.5M
HRI icon
33
Herc Holdings
HRI
$4.71B
$57.6M 0.63%
1,022,122
-271,052
-21% -$15.8M
T icon
34
AT&T
T
$176B
$53.3M 0.59%
+2,197,953
New +$55.2M
VER
35
DELISTED
VEREIT, Inc.
VER
$48.5M 0.53%
1,303,000
-1,840,000
-59% -$64.6M
AMR
36
DELISTED
Alta Mesa Resources Inc
AMR
$46.5M 0.51%
6,833,911
-675,088
-9% -$4.88M
LEN icon
37
Lennar Class A
LEN
$20.1B
$45.5M 0.5%
+895,611
New +$46.9M
WBA
38
DELISTED
Walgreens Boots Alliance
WBA
$45M 0.5%
750,000
– –
PBR.A icon
39
Petrobras Class A
PBR.A
$118B
$44.2M 0.49%
+5,000,000
New +$56.7M
SONY icon
40
Sony
SONY
$143B
$42.1M 0.46%
+4,105,500
New +$39.9M
ESRX
41
DELISTED
Express Scripts Holding Company
ESRX
$41.2M 0.45%
+533,090
New +$40M
ACWI icon
42
iShares MSCI ACWI ETF
ACWI
$33.5B
$31.4M 0.35%
+441,745
New +$32M
ICPT
43
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
$28.5M 0.31%
339,232
– –
EEM icon
44
PUT
iShares MSCI Emerging Markets ETF
EEM
$31.9B
$21.7M 0.24%
+500,000
New +$23.1M
MHK icon
45
Mohawk Industries
MHK
$9.05B
$20.4M 0.22%
+95,000
New +$20.8M
PBR icon
46
Petrobras
PBR
$130B
$20.1M 0.22%
+2,000,000
New +$25.6M
EEM icon
47
iShares MSCI Emerging Markets ETF
EEM
$31.9B
$17.3M 0.19%
+400,000
New +$18.5M
VOD icon
48
Vodafone
VOD
$39.1B
$13.8M 0.15%
566,656
-1,429,161
-72% -$39M
AMT icon
49
American Tower
AMT
$81.9B
$13M 0.14%
90,000
-110,000
-55% -$15.3M
RRC icon
50
CALL
Range Resources
RRC
$9.81B
$8.37M 0.09%
+500,000
New +$7.57M
1
2
3 4

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Highfields Capital Management's Q2 2018 Portfolio in Review

As of Q2 2018, Highfields Capital Management held 77 positions worth $9.09B, down 18% from $11B the previous quarter. Its ten largest holdings account for 54% of the portfolio.

Highfields Capital Management withdrew a net $2.79B in Q2 2018, closing 20 positions and reducing 17 holdings. Its most notable exit was Time Warner Inc, an estimated $1.17B position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 33% of assets, down from 35% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Highfields Capital Management opened a new position in NXP Semiconductors worth $781M.

  • Highfields Capital Management's largest Q2 2018 buy was NXP Semiconductors: 7,145,664 shares worth $781M.
  • Highfields Capital Management added most to Charter Communications in Q2 2018, an estimated $211M increase.
  • Highfields Capital Management's biggest Q2 2018 reduction was HCA Healthcare, cutting an estimated $449M.
  • Highfields Capital Management fully exited Time Warner Inc in Q2 2018, selling an estimated $1.17B.
  • Highfields Capital Management's ten largest holdings make up 54% of its $9.09B portfolio in Q2 2018.
  • Highfields Capital Management opened 17 new positions and closed 20 in Q2 2018.
  • Highfields Capital Management's portfolio value fell 18% quarter-over-quarter to $9.09B.

Based on Highfields Capital Management's 13F filing for Q2 2018, filed 14 Aug 2018.