We are live on
!
Find out more
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
+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
(+7.1%)
Cap. Flow
+$378M
Cap. Flow
% of AUM
3.29%
Top 10 Holdings %
Top 10 Hldgs %
45.59%
Holding
91
New
18
Increased
16
Reduced
15
Closed
19
Avg Time Held Equity + Options
1
year
Top 10 Avg Time Held Equity + Options
0.5
years
Top 20 Avg Time Held Equity + Options
0.7
years
Avg Time Held Equity only
1.1
years
Top 10 Avg Time Held Equity only
0.6
years
Top 20 Avg Time Held Equity only
0.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Hilton Worldwide
HLT
|
+$468M |
| 2 |
Microsoft
MSFT
|
+$283M |
| 3 |
State Street Industrial Select Sector SPDR ETF
XLI
|
+$279M |
| 4 |
Teva Pharmaceutical Industries Limited
TEVA
|
+$211M |
| 5 |
Franklin Templeton
BEN
|
+$179M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
McDonald's
MCD
|
+$596M |
| 2 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$374M |
| 3 |
Paramount Global Class B
PARA
|
+$166M |
| 4 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
51
Citigroup
C
$207B
| $36.5M | 0.32% |
860,500
-255,000
| -23% | -$11.3M |
2013 Q2
12 quarters
|
|
|
52
CALL
Franklin Templeton
BEN
$15.9B
| $28.4M | 0.25% |
850,000
+300,000
| +55% | +$10.9M |
2016 Q1
1 quarter
|
|
53
CALL
Alibaba
BABA
$276B
| $27.8M | 0.24% |
350,000
-250,000
| -42% | -$19.6M |
2015 Q3
3 quarters
|
|
|
GG
54
DELISTED
Goldcorp Inc
GG
| $23.9M | 0.21% |
1,250,000
-1,250,000
| -50% | -$22.2M |
2015 Q3
3 quarters
|
|
55
PUT
JPMorgan Chase
JPM
$891B
| $18.6M | 0.16% |
300,000
| – | – |
2016 Q1
1 quarter
|
|
|
RSX
56
DELISTED
VanEck Russia ETF
RSX
| $17M | 0.15% |
977,602
| – | – |
2014 Q1
9 quarters
|
|
|
ILG
57
DELISTED
ILG, Inc Common Stock
ILG
| $15.5M | 0.14% |
+977,927
| New | +$14M |
2016 Q2
0 quarters
|
|
|
MON
58
CALL
DELISTED
Monsanto Co
MON
| $12.9M | 0.11% |
+125,000
| New | +$12.4M |
2016 Q2
0 quarters
|
|
|
CPGX
59
DELISTED
COLUMBIA PIPELINE GROUP IN COM STK (DE)
CPGX
| $12.7M | 0.11% |
+500,000
| New | +$12.7M |
2016 Q2
0 quarters
|
|
60
CALL
United Airlines
UAL
$32.9B
| $12.3M | 0.11% |
+300,000
| New | +$14.2M |
2016 Q2
0 quarters
|
|
61
Vodafone
VOD
$36.7B
| $10.1M | 0.09% |
326,817
-448,290
| -58% | -$14.6M |
2013 Q2
12 quarters
|
|
62
Goldman Sachs
GS
$260B
| $9.29M | 0.08% |
62,500
-67,000
| -52% | -$10.5M |
2016 Q1
1 quarter
|
|
63
DELISTED
Southwestern Energy Company
SWN
| $8.81M | 0.08% |
+700,000
| New | +$8.49M |
2016 Q2
0 quarters
|
|
|
ELECU
64
DELISTED
Electrum Special Acquisition Corporation
ELECU
| $8.52M | 0.07% |
850,000
| – | – |
2015 Q2
4 quarters
|
|
65
PennyMac Mortgage Investment
PMT
$616M
| $8.12M | 0.07% |
500,000
| – | – |
2013 Q2
12 quarters
|
|
66
Televisa
TV
$1.29B
| $7.04M | 0.06% |
270,200
| – | – |
2013 Q3
11 quarters
|
|
67
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$25.6B
| $6.04M | 0.05% |
22,192
| – | – |
2015 Q4
2 quarters
|
|
68
Bausch Health
BHC
$2.36B
| $5.04M | 0.04% |
+250,000
| New | +$7.08M |
2016 Q2
0 quarters
|
|
69
YPF Sociedad Anonima ADS
YPF
$20B
| $2.45M | 0.02% |
127,549
| – | – |
2013 Q2
12 quarters
|
|
70
Chemours
CC
$1.94B
| $2.16M | 0.02% |
261,965
| – | – |
2015 Q3
3 quarters
|
|
71
Match Group
MTCH
$10.1B
| $754K | 0.01% |
50,000
| – | – |
2015 Q4
2 quarters
|
|
|
CYHHZ
72
DELISTED
Community Health Systems, Inc. Series A Contingent Value Rights
CYHHZ
| $1K | ﹤0.01% |
199,320
| – | – |
2014 Q1
9 quarters
|
|
73
Bank of New York Mellon
BNY
$96.4B
| – | – |
-1,710,000
| Closed | -$63M | – |
|
74
CBRE Group
CBRE
$39.2B
| – | – |
-382,000
| Closed | -$11M | – |
|
75
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$45.2B
| – | – |
-219,280
| Closed | -$38.7M | – |
|
Similar funds
AFNAS
PP
HCS
VF
DP
KCP
TCMV
SCG
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 Pharmaceutical Industries Limited 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.