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
+2.25%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$11.2B
AUM Growth
-$552M
Cap. Flow
-$713M
Cap. Flow %
-6.36%
Top 10 Hldgs %
57.98%
Holding
92
New
17
Increased
5
Reduced
14
Closed
20

Top Buys

1
MCD icon
McDonald's
MCD
+$857M
2
PRGO icon
Perrigo
PRGO
+$176M
3
IBM icon
IBM
IBM
+$151M
4
DD
Du Pont De Nemours E I
DD
+$98.4M
5
MSFT icon
Microsoft
MSFT
+$95.6M

Top Sells

1
DLTR icon
Dollar Tree
DLTR
+$371M
2
MON
Monsanto Co
MON
+$359M
3
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
+$245M
4
FDO
FAMILY DOLLAR STORES
FDO
+$215M
5
AGN
Allergan Inc
AGN
+$183M

Sector Composition

1 Financials 23.25%
2 Technology 15.08%
3 Consumer Discretionary 14.62%
4 Communication Services 11.62%
5 Healthcare 7.32%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ENB icon
76
CALL
Enbridge
ENB
$123B
– –
-457,200
Closed -$23.5M
FNF icon
77
Fidelity National Financial
FNF
$14B
– –
-4,342,388
Closed -$104M
B
78
CALL
Barrick Mining
B
$58.4B
– –
-7,314,900
Closed -$78.6M
PKG icon
79
Packaging Corp of America
PKG
$20.9B
– –
-117,500
Closed -$9.17M
RL icon
80
Ralph Lauren
RL
$23.1B
– –
-382,308
Closed -$70.8M
SKM icon
81
SK Telecom
SKM
$12.2B
– –
-2,688,214
Closed -$120M
UNH icon
82
UnitedHealth
UNH
$384B
– –
-299,946
Closed -$30.3M
VALE icon
83
CALL
Vale
VALE
$60.5B
– –
-1,000,000
Closed -$8.18M
ZTS icon
84
Zoetis
ZTS
$32.2B
– –
-252,000
Closed -$10.8M
QVCGA
85
DELISTED
QVC Group Inc Series A
QVCGA
– –
-31,951
Closed -$45.6M
RDS.A
86
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
– –
-3,655,164
Closed -$245M
LVNTA
87
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
– –
-131,649
Closed -$4.97M
FDO
88
DELISTED
FAMILY DOLLAR STORES
FDO
– –
-2,718,040
Closed -$215M
COV
89
DELISTED
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
– –
-1,379,000
Closed -$141M
GG
90
CALL
DELISTED
Goldcorp Inc
GG
– –
-200,000
Closed -$3.7M
AGN
91
DELISTED
Allergan Inc
AGN
– –
-862,059
Closed -$183M
1 2 3
4

Similar funds

AFNAS
American Financial Network Advisory Services Calabasas, California $67M AUM 1.63% 1-Year Est. Return
PP
Pension Partners New York $72.6M AUM
HCS
Harvest Capital Strategies San Francisco, California $73.7M AUM 7.47% 1-Year Est. Return
VF
Vilas Fund Chicago, Illinois $74.3M AUM 13.22% 1-Year Est. Return
DP
DW Partners New York $62.3M AUM 25.52% 1-Year Est. Return
KCP
Kenmare Capital Partners New York $76M AUM 3.89% 1-Year Est. Return
TCMV
Technology Crossover Management VI Menlo Park, California $59.6M AUM 18.81% 1-Year Est. Return
SCG
Saban Capital Group Los Angeles, California $59.5M AUM 3.83% 1-Year Est. Return

Highfields Capital Management's Q1 2015 Portfolio in Review

As of Q1 2015, Highfields Capital Management held 92 positions worth $11.2B, down 4.7% from $11.8B the previous quarter. Its ten largest holdings account for 58% of the portfolio.

Highfields Capital Management withdrew a net $713M in Q1 2015, closing 20 positions and reducing 14 holdings. Its most notable exit was Dollar Tree, an estimated $371M position sold in full.

By sector, the portfolio is most concentrated in Financials at 23% of assets, down from 25% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Highfields Capital Management opened a new position in Perrigo worth $182M.

  • Highfields Capital Management's largest Q1 2015 buy was Perrigo: 1,101,478 shares worth $182M.
  • Highfields Capital Management added most to McDonald's in Q1 2015, an estimated $857M increase.
  • Highfields Capital Management's biggest Q1 2015 reduction was Monsanto Co, cutting an estimated $359M.
  • Highfields Capital Management fully exited Dollar Tree in Q1 2015, selling an estimated $371M.
  • Highfields Capital Management's ten largest holdings make up 58% of its $11.2B portfolio in Q1 2015.
  • Highfields Capital Management opened 17 new positions and closed 20 in Q1 2015.
  • Highfields Capital Management's portfolio value fell 4.7% quarter-over-quarter to $11.2B.

Based on Highfields Capital Management's 13F filing for Q1 2015, filed 15 May 2015.