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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
+12.7%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$12.3B
AUM Growth
-$359M
(-2.8%)
Cap. Flow
-$160M
Cap. Flow
% of AUM
-1.3%
Top 10 Holdings %
Top 10 Hldgs %
43.78%
Holding
106
New
19
Increased
13
Reduced
18
Closed
17
Avg Time Held Equity + Options
0.4
years
Top 10 Avg Time Held Equity + Options
0.3
years
Top 20 Avg Time Held Equity + Options
0.3
years
Avg Time Held Equity only
0.4
years
Top 10 Avg Time Held Equity only
0.4
years
Top 20 Avg Time Held Equity only
0.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Franklin Templeton
BEN
|
+$292M |
| 2 |
Air Products & Chemicals
APD
|
+$200M |
| 3 |
Applied Materials
AMAT
|
+$177M |
| 4 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$173M |
| 5 |
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
|
+$160M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$545M |
| 2 |
Hess
HES
|
+$273M |
| 3 |
SLM Corp
SLM
|
+$213M |
| 4 |
DELL INC
DELL
|
+$175M |
| 5 |
Paramount Global Class B
PARA
|
+$144M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 27.07% |
| 2 | Energy | 15.53% |
| 3 | Technology | 12.46% |
| 4 | Miscellaneous | 8.58% |
| 5 | Communication Services | 7.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
76
PennyMac Mortgage Investment
PMT
$616M
| $11.5M | 0.09% |
500,000
| – | – |
2013 Q2
2 quarters
|
|
77
DELISTED
BEAM INC COM STK (DE)
BEAM
| $11M | 0.09% |
161,000
| – | – |
2013 Q3
1 quarter
|
|
|
BNCL
78
DELISTED
Beneficial Bancorp, Inc.
BNCL
| $10.9M | 0.09% |
1,100,604
| – | – |
2013 Q2
2 quarters
|
|
79
Wynn Resorts
WYNN
$7.93B
| $9.71M | 0.08% |
+50,000
| New | +$8.53M |
2013 Q4
0 quarters
|
|
80
Micron Technology
MU
$1.05T
| $8.81M | 0.07% |
405,000
-3,150,000
| -89% | -$61.2M |
2013 Q3
1 quarter
|
|
81
Televisa
TV
$1.29B
| $8.32M | 0.07% |
275,000
| – | – |
2013 Q3
1 quarter
|
|
|
TRQ.RT
82
DELISTED
TURQUOISE HILL RES LTD RTS EXP 01/07/2014 (DE)
TRQ.RT
| $6.6M | 0.05% |
+7,016,418
| New | +$6.14M |
2013 Q4
0 quarters
|
|
83
Visteon
VC
$2.37B
| $6.15M | 0.05% |
75,150
-1,559,195
| -95% | -$120M |
2013 Q2
2 quarters
|
|
84
DELISTED
Berry Global Group, Inc.
BERY
| $4.69M | 0.04% |
214,498
-201,500
| -48% | -$3.83M |
2013 Q3
1 quarter
|
|
85
CALL
General Dynamics
GD
$91.2B
| $4.33M | 0.04% |
+200,000
| New | +$17.9M |
2013 Q4
0 quarters
|
|
86
Northeast Bank
NBN
$1.08B
| $3.04M | 0.02% |
317,286
| – | – |
2013 Q2
2 quarters
|
|
|
HMA
87
DELISTED
HEALTH MGMT ASSOC INC CL-A
HMA
| $2.61M | 0.02% |
+199,320
| New | +$2.58M |
2013 Q4
0 quarters
|
|
|
HBOS
88
DELISTED
HERITAGE FINANCIAL GROUP
HBOS
| $722K | 0.01% |
37,500
| – | – |
2013 Q2
2 quarters
|
|
89
Apple
AAPL
$4.99T
| – | – |
-6,692,000
| Closed | -$114M | – |
|
90
AB InBev
BUD
$160B
| – | – |
-282,000
| Closed | -$28M | – |
|
91
Blackstone Mortgage Trust
BXMT
$1.82B
| – | – |
-600,000
| Closed | -$15.1M | – |
|
92
PUT
Digital Realty Trust
DLR
$64.7B
| – | – |
-500,000
| Closed | -$26.6M | – |
|
93
CALL
SPDR Gold Trust
GLD
$142B
| – | – |
-8,500,000
| Closed | -$1.09B | – |
|
|
94
DELISTED
Hess
HES
| – | – |
-3,533,480
| Closed | -$273M | – |
|
|
95
DELISTED
Paramount Global Class B
PARA
| – | – |
-2,603,941
| Closed | -$144M | – |
|
96
PUT
Tesla
TSLA
$1.43T
| – | – |
-6,000,000
| Closed | -$77.4M | – |
|
97
Trane Technologies
TT
$101B
| – | – |
-1,647,345
| Closed | -$85.4M | – |
|
98
NCR Voyix
VYX
$1.04B
| – | – |
-1,092,100
| Closed | -$26.5M | – |
|
99
DELISTED
Walgreens Boots Alliance
WBA
| – | – |
-155,000
| Closed | -$8.34M | – |
|
100
Williams Companies
WMB
$84.7B
| – | – |
-375,714
| Closed | -$13.7M | – |
|
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Highfields Capital Management's Q4 2013 Portfolio in Review
As of Q4 2013, Highfields Capital Management held 106 positions worth $12.3B, down 2.8% from $12.7B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Highfields Capital Management's Q4 2013 filing shows 19 new, 13 increased, 18 reduced and 17 closed positions. Its largest new stake was Air Products & Chemicals: 1,981,180 shares worth $205M. The largest sale was Microsoft, an estimated $545M.
By sector, the portfolio is most concentrated in Financials at 27% of assets, up from 21% a quarter earlier, followed by Energy and Technology.
- Highfields Capital Management's largest Q4 2013 buy was Air Products & Chemicals: 1,981,180 shares worth $205M.
- Highfields Capital Management added most to Franklin Templeton in Q4 2013, an estimated $292M increase.
- Highfields Capital Management's biggest Q4 2013 reduction was Microsoft, cutting an estimated $545M.
- Highfields Capital Management fully exited Hess in Q4 2013, selling an estimated $273M.
- Highfields Capital Management's ten largest holdings make up 44% of its $12.3B portfolio in Q4 2013.
- Highfields Capital Management opened 19 new positions and closed 17 in Q4 2013.
- Highfields Capital Management's portfolio value fell 2.8% quarter-over-quarter to $12.3B.
Based on Highfields Capital Management's 13F filing for Q4 2013, filed 14 Feb 2014.