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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
+8.07%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$13.6B
AUM Growth
+$1.68B
(+14%)
Cap. Flow
+$1.17B
Cap. Flow
% of AUM
8.61%
Top 10 Holdings %
Top 10 Hldgs %
46.31%
Holding
109
New
30
Increased
16
Reduced
14
Closed
18
Avg Time Held Equity + Options
0.5
years
Top 10 Avg Time Held Equity + Options
0.7
years
Top 20 Avg Time Held Equity + Options
0.6
years
Avg Time Held Equity only
0.6
years
Top 10 Avg Time Held Equity only
0.7
years
Top 20 Avg Time Held Equity only
0.6
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Herc Holdings
HRI
|
+$261M |
| 2 |
Eli Lilly
LLY
|
+$239M |
| 3 |
DTV
DIRECTV COM STK (DE)
DTV
|
+$230M |
| 4 |
MON
Monsanto Co
MON
|
+$186M |
| 5 |
Goldman Sachs
GS
|
+$155M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
|
+$224M |
| 2 |
BP
BP
|
+$157M |
| 3 |
AGN
Allergan Inc
AGN
|
+$138M |
| 4 |
Applied Materials
AMAT
|
+$136M |
| 5 |
ExxonMobil
XOM
|
+$122M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 25.98% |
| 2 | Miscellaneous | 11.09% |
| 3 | Technology | 10.98% |
| 4 | Materials | 10.58% |
| 5 | Energy | 10.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
CPWR
51
DELISTED
COMPUWARE CORP
CPWR
| $69.8M | 0.51% |
7,272,560
| – | – |
2013 Q2
4 quarters
|
|
52
iShares Russell 2000 ETF
IWM
$76.4B
| $62.3M | 0.46% |
+524,300
| New | +$59.5M |
2014 Q2
0 quarters
|
|
53
DELISTED
Paramount Global Class B
PARA
| $62.1M | 0.46% |
+1,000,000
| New | +$59.5M |
2014 Q2
0 quarters
|
|
54
CALL
eBay
EBAY
$52B
| $50.1M | 0.37% |
2,376,000
| – | – |
2014 Q1
1 quarter
|
|
|
FDO
55
DELISTED
FAMILY DOLLAR STORES
FDO
| $47.5M | 0.35% |
718,040
-250,000
| -26% | -$15.1M |
2013 Q2
4 quarters
|
|
56
CALL
DELISTED
SANDISK CORP
SNDK
| $45.9M | 0.34% |
+439,400
| New | +$39.9M |
2014 Q2
0 quarters
|
|
|
WPX
57
DELISTED
WPX Energy, Inc.
WPX
| $45.4M | 0.33% |
+1,900,000
| New | +$40.4M |
2014 Q2
0 quarters
|
|
58
American Water Works
AWK
$26.2B
| $42M | 0.31% |
+850,000
| New | +$40M |
2014 Q2
0 quarters
|
|
|
IPXL
59
DELISTED
Impax Laboratories, Inc.
IPXL
| $42M | 0.31% |
+1,400,000
| New | +$37.8M |
2014 Q2
0 quarters
|
|
|
60
CALL
Eli Lilly
LLY
$1.08T
| $40.7M | 0.3% |
+655,100
| New | +$39.1M |
2014 Q2
0 quarters
|
|
61
Rayonier
RYN
$5.55B
| $40M | 0.29% |
+1,240,006
| New | +$38.9M |
2014 Q2
0 quarters
|
|
62
KBR
KBR
$4.44B
| $39.2M | 0.29% |
+1,645,000
| New | +$41.3M |
2014 Q2
0 quarters
|
|
63
PUT
Digital Realty Trust
DLR
$63.8B
| $37.9M | 0.28% |
+650,000
| New | +$36.4M |
2014 Q2
0 quarters
|
|
64
Watts Water Technologies
WTS
$11.8B
| $37.4M | 0.27% |
+605,833
| New | +$34.8M |
2014 Q2
0 quarters
|
|
65
State Street SPDR S&P Bank ETF
KBE
$1.45B
| $37.4M | 0.27% |
1,118,000
| – | – |
2013 Q2
4 quarters
|
|
66
Voya Financial
VOYA
$8.62B
| $36.3M | 0.27% |
+1,000,000
| New | +$35.8M |
2014 Q2
0 quarters
|
|
67
Vanguard FTSE Emerging Markets ETF
VWO
$124B
| $36.2M | 0.27% |
840,000
| – | – |
2013 Q2
4 quarters
|
|
|
ESV
68
DELISTED
Ensco Rowan plc
ESV
| $33.4M | 0.25% |
+150,356
| New | +$31.1M |
2014 Q2
0 quarters
|
|
|
HOT
69
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $31.4M | 0.23% |
+388,000
| New | +$30.5M |
2014 Q2
0 quarters
|
|
|
EQY
70
DELISTED
Equity One
EQY
| $30.7M | 0.23% |
+1,300,000
| New | +$29.6M |
2014 Q2
0 quarters
|
|
71
Wendy's
WEN
$1.23B
| $30.2M | 0.22% |
3,542,547
| – | – |
2013 Q2
4 quarters
|
|
|
JCP
72
DELISTED
J.C. Penney Company, Inc.
JCP
| $29.4M | 0.22% |
3,250,000
| – | – |
2013 Q3
3 quarters
|
|
|
CERN
73
DELISTED
Cerner Corp
CERN
| $28.5M | 0.21% |
553,201
+209,824
| +61% | +$11M |
2013 Q2
4 quarters
|
|
|
QVCGA
74
DELISTED
QVC Group Inc Series A
QVCGA
| $27.2M | 0.2% |
22,547
| – | – |
2013 Q4
2 quarters
|
|
|
RSX
75
DELISTED
VanEck Russia ETF
RSX
| $25.7M | 0.19% |
977,602
| – | – |
2014 Q1
1 quarter
|
|
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Highfields Capital Management's Q2 2014 Portfolio in Review
As of Q2 2014, Highfields Capital Management held 109 positions worth $13.6B, up 14% from $11.9B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Highfields Capital Management deployed $1.17B of net new capital in Q2 2014, opening 30 new positions and adding to 16 existing holdings. Its largest new stake was Herc Holdings: 3,095,000 shares worth $260M.
By sector, the portfolio is most concentrated in Financials at 26% of assets, down from 26% a quarter earlier, followed by Miscellaneous and Technology.
On the sell side, the largest reduction was Royal Dutch Shell PLC ADS Class A, an estimated $224M trimmed.
- Highfields Capital Management's largest Q2 2014 buy was Herc Holdings: 3,095,000 shares worth $260M.
- Highfields Capital Management added most to DIRECTV COM STK (DE) in Q2 2014, an estimated $230M increase.
- Highfields Capital Management's biggest Q2 2014 reduction was Royal Dutch Shell PLC ADS Class A, cutting an estimated $224M.
- Highfields Capital Management fully exited ExxonMobil in Q2 2014, selling an estimated $122M.
- Highfields Capital Management's ten largest holdings make up 46% of its $13.6B portfolio in Q2 2014.
- Highfields Capital Management opened 30 new positions and closed 18 in Q2 2014.
- Highfields Capital Management's portfolio value rose 14% quarter-over-quarter to $13.6B.
Based on Highfields Capital Management's 13F filing for Q2 2014, filed 14 Aug 2014.