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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
+1.58%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$11.5B
AUM Growth
+$765M
Cap. Flow
+$378M
Cap. Flow %
3.29%
Top 10 Hldgs %
45.59%
Holding
91
New
18
Increased
16
Reduced
15
Closed
19

Top Buys

Rank Stock Value
1
HLT icon
Hilton Worldwide
HLT
+$468M
2
MSFT icon
Microsoft
MSFT
+$283M
3
XLI icon
State Street Industrial Select Sector SPDR ETF
XLI
+$279M
4
TEVA icon
Teva Pharmaceuticals
TEVA
+$211M
5
BEN icon
Franklin Templeton
BEN
+$179M

Top Sells

Rank Stock Value
1
MCD icon
McDonald's
MCD
+$596M
2
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
+$374M
3
PARA
Paramount Global Class B
PARA
+$166M
4
DIS icon
Walt Disney
DIS
+$162M
5
BXLT
BAXALTA INC COM STK (DE)
BXLT
+$156M

Sector Composition

Rank Sector Weight
1 Healthcare 17.7%
2 Consumer Discretionary 16.37%
3 Miscellaneous 13.19%
4 Communication Services 13.02%
5 Financials 8.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
C icon
51
Citigroup
C
$223B
$36.5M 0.32%
860,500
-255,000
-23% -$11.3M
BEN icon
52
CALL
Franklin Templeton
BEN
$17.6B
$28.4M 0.25%
850,000
+300,000
+55% +$10.9M
BABA icon
53
CALL
Alibaba
BABA
$296B
$27.8M 0.24%
350,000
-250,000
-42% -$19.6M
GG
54
DELISTED
Goldcorp Inc
GG
$23.9M 0.21%
1,250,000
-1,250,000
-50% -$22.2M
JPM icon
55
PUT
JPMorgan Chase
JPM
$951B
$18.6M 0.16%
300,000
– –
RSX
56
DELISTED
VanEck Russia ETF
RSX
$17M 0.15%
977,602
– –
ILG
57
DELISTED
ILG, Inc Common Stock
ILG
$15.5M 0.14%
+977,927
New +$14M
MON
58
CALL
DELISTED
Monsanto Co
MON
$12.9M 0.11%
+125,000
New +$12.4M
CPGX
59
DELISTED
COLUMBIA PIPELINE GROUP IN COM STK (DE)
CPGX
$12.7M 0.11%
+500,000
New +$12.7M
UAL icon
60
CALL
United Airlines
UAL
$35.9B
$12.3M 0.11%
+300,000
New +$14.2M
VOD icon
61
Vodafone
VOD
$37.1B
$10.1M 0.09%
326,817
-448,290
-58% -$14.6M
GS icon
62
Goldman Sachs
GS
$301B
$9.29M 0.08%
62,500
-67,000
-52% -$10.5M
SWN
63
DELISTED
Southwestern Energy Company
SWN
$8.81M 0.08%
+700,000
New +$8.49M
ELECU
64
DELISTED
Electrum Special Acquisition Corporation
ELECU
$8.52M 0.07%
850,000
– –
PMT
65
PennyMac Mortgage Investment
PMT
$814M
$8.12M 0.07%
500,000
– –
TV icon
66
Televisa
TV
$1.45B
$7.04M 0.06%
270,200
– –
MDY icon
67
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.4B
$6.04M 0.05%
22,192
– –
BHC icon
68
Bausch Health
BHC
$2.36B
$5.04M 0.04%
+250,000
New +$7.08M
YPF icon
69
YPF Sociedad Anonima ADS
YPF
$19.7B
$2.45M 0.02%
127,549
– –
CC icon
70
Chemours
CC
$2.35B
$2.16M 0.02%
261,965
– –
MTCH icon
71
Match Group
MTCH
$9.54B
$754K 0.01%
50,000
– –
CYHHZ
72
DELISTED
Community Health Systems, Inc. Series A Contingent Value Rights
CYHHZ
$1K ﹤0.01%
199,320
– –
BNY
73
Bank of New York Mellon
BNY
$110B
– –
-1,710,000
Closed -$63M
CBRE icon
74
CBRE Group
CBRE
$43.7B
– –
-382,000
Closed -$11M
DIA icon
75
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46B
– –
-219,280
Closed -$38.7M
1 2
3
4

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Highfields Capital Management's Q2 2016 Portfolio in Review

As of Q2 2016, Highfields Capital Management held 91 positions worth $11.5B, up 7.1% from $10.7B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Highfields Capital Management deployed $378M of net new capital in Q2 2016, opening 18 new positions and adding to 16 existing holdings. Its largest new stake was Hilton Worldwide: 7,137,458 shares worth $482M.

By sector, the portfolio is most concentrated in Healthcare at 18% of assets, up from 16% a quarter earlier, followed by Consumer Discretionary and Miscellaneous.

On the sell side, the largest reduction was Paramount Global Class B, an estimated $166M trimmed.

  • Highfields Capital Management's largest Q2 2016 buy was Hilton Worldwide: 7,137,458 shares worth $482M.
  • Highfields Capital Management added most to Teva Pharmaceuticals in Q2 2016, an estimated $211M increase.
  • Highfields Capital Management's biggest Q2 2016 reduction was Paramount Global Class B, cutting an estimated $166M.
  • Highfields Capital Management fully exited McDonald's in Q2 2016, selling an estimated $596M.
  • Highfields Capital Management's ten largest holdings make up 46% of its $11.5B portfolio in Q2 2016.
  • Highfields Capital Management opened 18 new positions and closed 19 in Q2 2016.
  • Highfields Capital Management's portfolio value rose 7.1% quarter-over-quarter to $11.5B.

Based on Highfields Capital Management's 13F filing for Q2 2016, filed 15 Aug 2016.