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
+2.86%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$11.6B
AUM Growth
-$1.89B
(-14%)
Cap. Flow
-$1.51B
Cap. Flow
% of AUM
-13.02%
Top 10 Holdings %
Top 10 Hldgs %
49.04%
Holding
80
New
9
Increased
19
Reduced
15
Closed
18
Avg Time Held Equity + Options
1.3
years
Top 10 Avg Time Held Equity + Options
1.1
years
Top 20 Avg Time Held Equity + Options
1
year
Avg Time Held Equity only
1.3
years
Top 10 Avg Time Held Equity only
1.2
years
Top 20 Avg Time Held Equity only
1
year
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pioneer Natural Resource Co.
PXD
|
+$400M |
| 2 |
Baker Hughes
BKR
|
+$359M |
| 3 |
DuPont de Nemours
DD
|
+$273M |
| 4 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$164M |
| 5 |
FedEx
FDX
|
+$161M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$967M |
| 2 |
Franklin Templeton
BEN
|
+$472M |
| 3 |
Du Pont De Nemours E I
DD
|
+$396M |
| 4 |
BHI
Baker Hughes
BHI
|
+$331M |
| 5 |
American Tower
AMT
|
+$254M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 18.48% |
| 2 | Communication Services | 17.99% |
| 3 | Industrials | 11.22% |
| 4 | Energy | 9.58% |
| 5 | Financials | 9.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
EGN
51
CALL
DELISTED
Energen
EGN
| $27.3M | 0.24% |
500,000
-500,000
| -50% | -$25.5M |
2017 Q2
1 quarter
|
|
52
Apollo Global Management
APO
$67B
| $22M | 0.19% |
730,405
| – | – |
2015 Q1
10 quarters
|
|
53
Synchrony
SYF
$23.3B
| $21.7M | 0.19% |
700,000
| – | – |
2017 Q2
1 quarter
|
|
54
iShares S&P 500 Value ETF
IVE
$49.5B
| $20.4M | 0.18% |
+189,391
| New | +$20M |
2017 Q3
0 quarters
|
|
55
Verizon
VZ
$185B
| $19.8M | 0.17% |
400,000
-3,437,000
| -90% | -$162M |
2017 Q1
2 quarters
|
|
|
ICPT
56
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $19.7M | 0.17% |
339,232
-50,000
| -13% | -$5.39M |
2015 Q1
10 quarters
|
|
57
CALL
FirstEnergy
FE
$26.3B
| $15.4M | 0.13% |
+500,000
| New | +$15.7M |
2017 Q3
0 quarters
|
|
|
PE
58
DELISTED
PARSLEY ENERGY INC
PE
| $13.2M | 0.11% |
+500,000
| New | +$13.2M |
2017 Q3
0 quarters
|
|
|
AGN
59
DELISTED
Allergan plc
AGN
| $7.69M | 0.07% |
37,500
-128,500
| -77% | -$29.9M |
2016 Q2
5 quarters
|
|
|
SRUNW
60
DELISTED
Silver Run Acquisition Corporation II
SRUNW
| $5.83M | 0.05% |
+3,833,333
| New | +$6.35M |
2017 Q3
0 quarters
|
|
|
ELECW
61
DELISTED
Electrum Special Acquisition Corporation
ELECW
| $272K | ﹤0.01% |
850,000
| – | – |
2017 Q2
1 quarter
|
|
62
AerCap
AER
$22.7B
| – | – |
-756,068
| Closed | -$35.1M | – |
|
63
Conduent
CNDT
$232M
| – | – |
-327,400
| Closed | -$5.22M | – |
|
64
CALL
Cenovus Energy
CVE
$60.2B
| – | – |
-3,000,000
| Closed | -$22.1M | – |
|
65
Intercontinental Exchange
ICE
$87.1B
| – | – |
-2,626,115
| Closed | -$173M | – |
|
66
iShares S&P Mid-Cap 400 Value ETF
IJJ
$8.43B
| – | – |
-342,582
| Closed | -$25.4M | – |
|
67
iShares S&P Mid-Cap 400 Growth ETF
IJK
$10.4B
| – | – |
-551,604
| Closed | -$27.1M | – |
|
68
McDonald's
MCD
$169B
| – | – |
-373,044
| Closed | -$57.1M | – |
|
69
Northern Dynasty Minerals
NAK
$532M
| – | – |
-76,261
| Closed | -$106K | – |
|
70
PUT
NVIDIA
NVDA
$5.34T
| – | – |
-4,000,000
| Closed | -$14.5M | – |
|
71
Pfizer
PFE
$166B
| – | – |
-3,017,208
| Closed | -$96.2M | – |
|
72
PennyMac Mortgage Investment
PMT
$599M
| – | – |
-500,000
| Closed | -$9.14M | – |
|
|
73
Invesco QQQ Trust
QQQ
$488B
| – | – |
-7,025,000
| Closed | -$967M | – |
|
|
74
PUT
Invesco QQQ Trust
QQQ
$488B
| – | – |
-3,800,000
| Closed | -$523M | – |
|
75
State Street Industrial Select Sector SPDR ETF
XLI
$30.5B
| – | – |
-2,700,000
| Closed | -$184M | – |
|
Similar funds
AFNAS
PP
HCS
VF
DP
KCP
TCMV
SCG
Highfields Capital Management's Q3 2017 Portfolio in Review
As of Q3 2017, Highfields Capital Management held 80 positions worth $11.6B, down 14% from $13.5B the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Highfields Capital Management withdrew a net $1.51B in Q3 2017, closing 18 positions and reducing 15 holdings. Its most notable exit was Invesco QQQ Trust, an estimated $967M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 18% of assets, up from 15% a quarter earlier, followed by Communication Services and Industrials.
Against the trend, Highfields Capital Management opened a new position in Pioneer Natural Resource Co. worth $411M.
- Highfields Capital Management's largest Q3 2017 buy was Pioneer Natural Resource Co.: 2,784,479 shares worth $411M.
- Highfields Capital Management added most to DuPont de Nemours in Q3 2017, an estimated $273M increase.
- Highfields Capital Management's biggest Q3 2017 reduction was Franklin Templeton, cutting an estimated $472M.
- Highfields Capital Management fully exited Invesco QQQ Trust in Q3 2017, selling an estimated $967M.
- Highfields Capital Management's ten largest holdings make up 49% of its $11.6B portfolio in Q3 2017.
- Highfields Capital Management opened 9 new positions and closed 18 in Q3 2017.
- Highfields Capital Management's portfolio value fell 14% quarter-over-quarter to $11.6B.
Based on Highfields Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.