We are live on
!
Find out more
HCM
Highfields Capital Management Portfolio holdings
AUM
$68.3M
1-Year Est. Return
21.64%
This Fund
S&P 500
This Quarter
Est. Return
-0.42%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$5.35B
AUM Growth
-$3.74B
(-41%)
Cap. Flow
-$3.36B
Cap. Flow
% of AUM
-62.84%
Top 10 Holdings %
Top 10 Hldgs %
57.15%
Holding
63
New
7
Increased
8
Reduced
23
Closed
18
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Hilton Grand Vacations
HGV
|
+$120M |
| 2 |
MGM Resorts International
MGM
|
+$99M |
| 3 |
Mohawk Industries
MHK
|
+$98.1M |
| 4 |
EQT Corp
EQT
|
+$91.5M |
| 5 |
SHPG
Shire pic
SHPG
|
+$90.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$473M |
| 2 |
Comcast
CMCSA
|
+$427M |
| 3 |
NXP Semiconductors
NXPI
|
+$356M |
| 4 |
Teva Pharmaceuticals
TEVA
|
+$303M |
| 5 |
FedEx
FDX
|
+$248M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 24.12% |
| 2 | Consumer Discretionary | 20.65% |
| 3 | Financials | 16.34% |
| 4 | Healthcare | 12.72% |
| 5 | Energy | 8.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
iShares MSCI Emerging Markets ETF
EEM
$31.9B
| – | – |
-400,000
| Closed | -$17.3M |
|
|
52
PUT
iShares MSCI Emerging Markets ETF
EEM
$31.9B
| – | – |
-500,000
| Closed | -$21.7M |
|
|
53
FedEx
FDX
$76.3B
| – | – |
-1,093,670
| Closed | -$248M |
|
54
News Corp Class A
NWSA
$16.3B
| – | – |
-4,393,573
| Closed | -$68.1M |
|
55
CALL
Range Resources
RRC
$9.81B
| – | – |
-500,000
| Closed | -$8.37M |
|
56
CALL
AT&T
T
$176B
| – | – |
-2,648,000
| Closed | -$64.2M |
|
|
57
AT&T
T
$176B
| – | – |
-2,197,953
| Closed | -$53.3M |
|
58
Vodafone
VOD
$39.1B
| – | – |
-566,656
| Closed | -$13.8M |
|
|
WBA
59
DELISTED
Walgreens Boots Alliance
WBA
| – | – |
-750,000
| Closed | -$45M |
|
|
PXD
60
DELISTED
Pioneer Natural Resource Co.
PXD
| – | – |
-40,000
| Closed | -$7.57M |
|
|
PXD
61
PUT
DELISTED
Pioneer Natural Resource Co.
PXD
| – | – |
-40,000
| Closed | -$7.57M |
|
|
VER
62
DELISTED
VEREIT, Inc.
VER
| – | – |
-1,303,000
| Closed | -$48.5M |
|
|
ESRX
63
DELISTED
Express Scripts Holding Company
ESRX
| – | – |
-533,090
| Closed | -$41.2M |
|
Similar funds
AFNAS
PP
HCS
VF
DP
KCP
TCMV
SCG
Highfields Capital Management's Q3 2018 Portfolio in Review
As of Q3 2018, Highfields Capital Management held 63 positions worth $5.35B, down 41% from $9.09B the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Highfields Capital Management withdrew a net $3.36B in Q3 2018, closing 18 positions and reducing 23 holdings. Its most notable exit was Walt Disney, an estimated $473M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 24% of assets, down from 33% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Highfields Capital Management opened a new position in MGM Resorts International worth $95.3M.
- Highfields Capital Management's largest Q3 2018 buy was MGM Resorts International: 3,414,000 shares worth $95.3M.
- Highfields Capital Management added most to Hilton Grand Vacations in Q3 2018, an estimated $120M increase.
- Highfields Capital Management's biggest Q3 2018 reduction was Comcast, cutting an estimated $427M.
- Highfields Capital Management fully exited Walt Disney in Q3 2018, selling an estimated $473M.
- Highfields Capital Management's ten largest holdings make up 57% of its $5.35B portfolio in Q3 2018.
- Highfields Capital Management opened 7 new positions and closed 18 in Q3 2018.
- Highfields Capital Management's portfolio value fell 41% quarter-over-quarter to $5.35B.
Based on Highfields Capital Management's 13F filing for Q3 2018, filed 14 Nov 2018.