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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
-4.08%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$11B
AUM Growth
-$984M
(-8.2%)
Cap. Flow
-$489M
Cap. Flow
% of AUM
-4.43%
Top 10 Holdings %
Top 10 Hldgs %
55.92%
Holding
78
New
14
Increased
11
Reduced
15
Closed
18
Top Buys
| 1 |
AET
Aetna Inc
AET
|
+$517M |
| 2 |
Comcast
CMCSA
|
+$451M |
| 3 |
Walt Disney
DIS
|
+$441M |
| 4 |
EQT Corp
EQT
|
+$189M |
| 5 |
Expedia Group
EXPE
|
+$155M |
Top Sells
| 1 |
Marriott International
MAR
|
+$430M |
| 2 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$351M |
| 3 |
Amazon
AMZN
|
+$292M |
| 4 |
DuPont de Nemours
DD
|
+$277M |
| 5 |
Baker Hughes
BKR
|
+$154M |
Sector Composition
| 1 | Communication Services | 35.47% |
| 2 | Consumer Discretionary | 13.02% |
| 3 | Healthcare | 12.08% |
| 4 | Materials | 10.35% |
| 5 | Financials | 8.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ICPT
51
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $20.9M | 0.19% |
339,232
| – | – |
|
52
Lowe's Companies
LOW
$121B
| $19.7M | 0.18% |
+225,000
| New | +$21.3M |
|
53
Canadian Natural Resources
CNQ
$89.4B
| $18.8M | 0.17% |
+1,225,200
| New | +$19.7M |
|
|
STNLU
54
DELISTED
Sentinel Energy Services Inc. Unit
STNLU
| $15.9M | 0.14% |
1,600,000
| – | – |
|
55
Martin Marietta Materials
MLM
$34.6B
| $12.9M | 0.12% |
+62,001
| New | +$13.4M |
|
56
Hilton Grand Vacations
HGV
$4.04B
| $8.19M | 0.07% |
190,451
-2,256,442
| -92% | -$98.9M |
|
|
AGN
57
DELISTED
Allergan plc
AGN
| $6.31M | 0.06% |
37,500
| – | – |
|
|
AMRWW
58
DELISTED
Alta Mesa Resources Inc Warrant
AMRWW
| $5.94M | 0.05% |
+3,833,333
| New | +$6.64M |
|
|
ELECW
59
DELISTED
Electrum Special Acquisition Corporation
ELECW
| $271K | ﹤0.01% |
846,400
-3,600
| -0.4% | -$1.3K |
|
|
60
Amazon
AMZN
$2.69T
| – | – |
-5,000,000
| Closed | -$292M |
|
61
Apollo Global Management
APO
$71.1B
| – | – |
-316,346
| Closed | -$10.6M |
|
62
American Express
AXP
$247B
| – | – |
-600,000
| Closed | -$59.6M |
|
|
63
Baker Hughes
BKR
$56.1B
| – | – |
-4,868,118
| Closed | -$154M |
|
64
Canadian Pacific Kansas City
CP
$82.5B
| – | – |
-500,000
| Closed | -$18.3M |
|
65
Cognizant
CTSH
$21.1B
| – | – |
-339,554
| Closed | -$24.1M |
|
|
66
DuPont de Nemours
DD
$18.1B
| – | – |
-1,536,181
| Closed | -$277M |
|
67
GE Aerospace
GE
$361B
| – | – |
-439,341
| Closed | -$36.7M |
|
68
Goldman Sachs
GS
$323B
| – | – |
-517,688
| Closed | -$132M |
|
69
Kroger
KR
$35.9B
| – | – |
-2,610,000
| Closed | -$71.6M |
|
70
NVIDIA
NVDA
$5.02T
| – | – |
-30,996,000
| Closed | -$150M |
|
71
Plains GP Holdings
PAGP
$5.04B
| – | – |
-2,394,133
| Closed | -$52.6M |
|
72
Verizon
VZ
$183B
| – | – |
-210,000
| Closed | -$11.1M |
|
73
PUT
Walmart Inc
WMT
$915B
| – | – |
-12,000,000
| Closed | -$395M |
|
|
CERN
74
DELISTED
Cerner Corp
CERN
| – | – |
-486,740
| Closed | -$32.8M |
|
|
TCO
75
DELISTED
Taubman Centers Inc.
TCO
| – | – |
-450,000
| Closed | -$29.4M |
|
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Highfields Capital Management's Q1 2018 Portfolio in Review
As of Q1 2018, Highfields Capital Management held 78 positions worth $11B, down 8.2% from $12B the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Highfields Capital Management withdrew a net $489M in Q1 2018, closing 18 positions and reducing 15 holdings. Its most notable exit was Amazon, an estimated $292M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 35% of assets, up from 25% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Highfields Capital Management opened a new position in Aetna Inc worth $486M.
- Highfields Capital Management's largest Q1 2018 buy was Aetna Inc: 2,875,697 shares worth $486M.
- Highfields Capital Management added most to Comcast in Q1 2018, an estimated $451M increase.
- Highfields Capital Management's biggest Q1 2018 reduction was Marriott International, cutting an estimated $430M.
- Highfields Capital Management fully exited Amazon in Q1 2018, selling an estimated $292M.
- Highfields Capital Management's ten largest holdings make up 56% of its $11B portfolio in Q1 2018.
- Highfields Capital Management opened 14 new positions and closed 18 in Q1 2018.
- Highfields Capital Management's portfolio value fell 8.2% quarter-over-quarter to $11B.
Based on Highfields Capital Management's 13F filing for Q1 2018, filed 15 May 2018.