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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
+3.85%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$10.8B
AUM Growth
-$1.27B
(-11%)
Cap. Flow
-$959M
Cap. Flow
% of AUM
-8.89%
Top 10 Holdings %
Top 10 Hldgs %
52.79%
Holding
89
New
20
Increased
12
Reduced
14
Closed
22
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Target
TGT
|
+$314M |
| 2 |
FedEx
FDX
|
+$229M |
| 3 |
Cenovus Energy
CVE
|
+$182M |
| 4 |
HCA Healthcare
HCA
|
+$156M |
| 5 |
Verizon
VZ
|
+$154M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AbbVie
ABBV
|
+$372M |
| 2 |
PPLI
People Inc
PPLI
|
+$284M |
| 3 |
PARA
Paramount Global Class B
PARA
|
+$266M |
| 4 |
DD
Du Pont De Nemours E I
DD
|
+$225M |
| 5 |
Marriott International
MAR
|
+$197M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 18.24% |
| 2 | Financials | 13.56% |
| 3 | Communication Services | 13.51% |
| 4 | Healthcare | 10.24% |
| 5 | Materials | 9.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
iShares S&P Mid-Cap 400 Value ETF
IJJ
$8.87B
| $25.4M | 0.24% |
+342,582
| New | +$25.4M |
|
|
PPLI
52
People Inc
PPLI
$2.9B
| $22.7M | 0.21% |
1,721,427
-21,869,813
| -93% | -$284M |
|
53
State Street SPDR S&P 500 ETF Trust
SPY
$814B
| $22.6M | 0.21% |
+96,045
| New | +$22.3M |
|
54
Kinder Morgan
KMI
$69.9B
| $21.7M | 0.2% |
1,000,200
-3,749,800
| -79% | -$81.9M |
|
|
WPZ
55
DELISTED
Williams Partners L.P.
WPZ
| $20.4M | 0.19% |
+500,000
| New | +$20.1M |
|
|
RSX
56
DELISTED
VanEck Russia ETF
RSX
| $20.2M | 0.19% |
977,602
| – | – |
|
|
AGN
57
DELISTED
Allergan plc
AGN
| $17.9M | 0.17% |
75,000
-400,000
| -84% | -$93.2M |
|
58
PUT
NVIDIA
NVDA
$5.56T
| $10.9M | 0.1% |
+4,000,000
| New | +$10.6M |
|
|
WBA
59
DELISTED
Walgreens Boots Alliance
WBA
| $8.93M | 0.08% |
107,564
-2,344,057
| -96% | -$197M |
|
|
PMT
60
PennyMac Mortgage Investment
PMT
$841M
| $8.88M | 0.08% |
500,000
| – | – |
|
|
ELECU
61
DELISTED
Electrum Special Acquisition Corporation
ELECU
| $8.86M | 0.08% |
850,000
| – | – |
|
|
NAK
62
Northern Dynasty Minerals
NAK
$826M
| $4.33M | 0.04% |
+3,026,261
| New | +$6.22M |
|
63
YPF Sociedad Anonima ADS
YPF
$20.6B
| $3.1M | 0.03% |
127,549
| – | – |
|
64
iShares S&P 500 Growth ETF
IVW
$77.2B
| $2.08M | 0.02% |
+63,244
| New | +$2.03M |
|
|
65
CALL
FedEx
FDX
$76.3B
| $976K | 0.01% |
5,000
| – | – |
|
66
Baytex Energy
BTE
$3.4B
| $851K | 0.01% |
+250,000
| New | +$974K |
|
|
67
AbbVie
ABBV
$453B
| – | – |
-5,948,258
| Closed | -$372M |
|
68
CALL
American Tower
AMT
$81.9B
| – | – |
-20,000
| Closed | -$2.11M |
|
69
CALL
Franklin Templeton
BEN
$17.6B
| – | – |
-550,000
| Closed | -$21.8M |
|
70
Citigroup
C
$231B
| – | – |
-860,500
| Closed | -$51.1M |
|
71
Colgate-Palmolive
CL
$70.8B
| – | – |
-1,000,000
| Closed | -$65.4M |
|
72
Gen Digital
GEN
$18.3B
| – | – |
-5,500,000
| Closed | -$131M |
|
73
Gilead Sciences
GILD
$187B
| – | – |
-348,100
| Closed | -$24.9M |
|
74
Halliburton
HAL
$30.9B
| – | – |
-1,614,864
| Closed | -$87.3M |
|
75
Howmet Aerospace
HWM
$103B
| – | – |
-2,608,000
| Closed | -$37.1M |
|
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Highfields Capital Management's Q1 2017 Portfolio in Review
As of Q1 2017, Highfields Capital Management held 89 positions worth $10.8B, down 11% from $12.1B the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Highfields Capital Management withdrew a net $959M in Q1 2017, closing 22 positions and reducing 14 holdings. Its most notable exit was AbbVie, an estimated $372M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 18% of assets, down from 19% a quarter earlier, followed by Financials and Communication Services.
Against the trend, Highfields Capital Management opened a new position in Target worth $279M.
- Highfields Capital Management's largest Q1 2017 buy was Target: 5,051,698 shares worth $279M.
- Highfields Capital Management added most to FedEx in Q1 2017, an estimated $229M increase.
- Highfields Capital Management's biggest Q1 2017 reduction was People Inc, cutting an estimated $284M.
- Highfields Capital Management fully exited AbbVie in Q1 2017, selling an estimated $372M.
- Highfields Capital Management's ten largest holdings make up 53% of its $10.8B portfolio in Q1 2017.
- Highfields Capital Management opened 20 new positions and closed 22 in Q1 2017.
- Highfields Capital Management's portfolio value fell 11% quarter-over-quarter to $10.8B.
Based on Highfields Capital Management's 13F filing for Q1 2017, filed 15 May 2017.