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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
+8.07%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$13.6B
AUM Growth
+$1.68B
Cap. Flow
+$1.17B
Cap. Flow %
8.61%
Top 10 Hldgs %
46.31%
Holding
109
New
30
Increased
16
Reduced
14
Closed
18

Top Buys

Rank Stock Value
1
HRI icon
Herc Holdings
HRI
+$261M
2
LLY icon
Eli Lilly
LLY
+$239M
3
DTV
DIRECTV COM STK (DE)
DTV
+$230M
4
MON
Monsanto Co
MON
+$186M
5
GS icon
Goldman Sachs
GS
+$155M

Top Sells

Rank Stock Value
1
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
+$224M
2
BP icon
BP
BP
+$157M
3
AGN
Allergan Inc
AGN
+$138M
4
AMAT icon
Applied Materials
AMAT
+$136M
5
XOM icon
ExxonMobil
XOM
+$122M

Sector Composition

Rank Sector Weight
1 Financials 25.98%
2 Miscellaneous 11.09%
3 Technology 10.98%
4 Materials 10.58%
5 Energy 10.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MCD icon
76
McDonald's
MCD
$188B
$25.2M 0.18%
+250,000
New +$25.2M
UNH icon
77
UnitedHealth
UNH
$353B
$24.5M 0.18%
299,946
– –
WBA
78
DELISTED
Walgreens Boots Alliance
WBA
$23.7M 0.17%
+320,204
New +$22.4M
TV icon
79
Televisa
TV
$1.45B
$12.5M 0.09%
365,000
– –
SUP
80
DELISTED
Superior Industries International
SUP
$11.5M 0.08%
+560,000
New +$11.4M
DNKN
81
DELISTED
Dunkin' Brands Group, Inc.
DNKN
$11.5M 0.08%
+250,000
New +$11.5M
PMT
82
PennyMac Mortgage Investment
PMT
$814M
$11M 0.08%
500,000
– –
NE
83
DELISTED
Noble Corporation
NE
$10.6M 0.08%
+360,360
New +$9.9M
MU icon
84
Micron Technology
MU
$1.05T
$9.23M 0.07%
280,000
– –
ARMK icon
85
Aramark
ARMK
$15.3B
$5.95M 0.04%
318,139
-445,172
-58% -$8.68M
GG
86
CALL
DELISTED
Goldcorp Inc
GG
$5.58M 0.04%
200,000
– –
CSFL
87
DELISTED
CenterState Bank Corporation Common Stock
CSFL
$4.89M 0.04%
+436,535
New +$4.73M
RDS.A
88
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
$3.31M 0.02%
43,001
-3,070,144
-99% -$224M
NBN icon
89
Northeast Bank
NBN
$1.11B
$3.04M 0.02%
317,286
– –
CYHHZ
90
DELISTED
Community Health Systems, Inc. Series A Contingent Value Rights
CYHHZ
$13K ﹤0.01%
199,320
– –
AN icon
91
AutoNation
AN
$6.62B
– –
-209,989
Closed -$11.2M
ENB icon
92
Enbridge
ENB
$110B
– –
-416,500
Closed -$19M
H icon
93
Hyatt Hotels
H
$16.2B
– –
-286,207
Closed -$15.4M
SLM icon
94
SLM Corp
SLM
$4.97B
– –
-10,457,170
Closed -$91.5M
SPY icon
95
State Street SPDR S&P 500 ETF Trust
SPY
$825B
– –
-396,958
Closed -$74.2M
SPY icon
96
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$825B
– –
-2,000,000
Closed -$374M
SU icon
97
Suncor Energy
SU
$76.5B
– –
-305,000
Closed -$10.7M
TSLA icon
98
Tesla
TSLA
$1.38T
– –
-7,719,000
Closed -$107M
TSLA icon
99
PUT
Tesla
TSLA
$1.38T
– –
-2,700,000
Closed -$37.5M
XOM icon
100
CALL
ExxonMobil
XOM
$644B
– –
-800,000
Closed -$78.1M
1 2 3
4
5

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Highfields Capital Management's Q2 2014 Portfolio in Review

As of Q2 2014, Highfields Capital Management held 109 positions worth $13.6B, up 14% from $11.9B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Highfields Capital Management deployed $1.17B of net new capital in Q2 2014, opening 30 new positions and adding to 16 existing holdings. Its largest new stake was Herc Holdings: 3,095,000 shares worth $260M.

By sector, the portfolio is most concentrated in Financials at 26% of assets, down from 26% a quarter earlier, followed by Miscellaneous and Technology.

On the sell side, the largest reduction was Royal Dutch Shell PLC ADS Class A, an estimated $224M trimmed.

  • Highfields Capital Management's largest Q2 2014 buy was Herc Holdings: 3,095,000 shares worth $260M.
  • Highfields Capital Management added most to DIRECTV COM STK (DE) in Q2 2014, an estimated $230M increase.
  • Highfields Capital Management's biggest Q2 2014 reduction was Royal Dutch Shell PLC ADS Class A, cutting an estimated $224M.
  • Highfields Capital Management fully exited ExxonMobil in Q2 2014, selling an estimated $122M.
  • Highfields Capital Management's ten largest holdings make up 46% of its $13.6B portfolio in Q2 2014.
  • Highfields Capital Management opened 30 new positions and closed 18 in Q2 2014.
  • Highfields Capital Management's portfolio value rose 14% quarter-over-quarter to $13.6B.

Based on Highfields Capital Management's 13F filing for Q2 2014, filed 14 Aug 2014.