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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
+11.94%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$11.6B
AUM Growth
+$274M
(+2.4%)
Cap. Flow
-$825M
Cap. Flow
% of AUM
-7.11%
Top 10 Holdings %
Top 10 Hldgs %
51.55%
Holding
88
New
10
Increased
17
Reduced
21
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
YHOO
Yahoo Inc
YHOO
|
+$240M |
| 2 |
Williams Companies
WMB
|
+$195M |
| 3 |
AbbVie
ABBV
|
+$149M |
| 4 |
HOT
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
|
+$148M |
| 5 |
KSU
Kansas City Southern
KSU
|
+$143M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PARA
Paramount Global Class B
PARA
|
+$347M |
| 2 |
Franklin Templeton
BEN
|
+$252M |
| 3 |
Air Products & Chemicals
APD
|
+$244M |
| 4 |
MHFI
MCGRAW-HILL FINANCIAL INC COM
MHFI
|
+$164M |
| 5 |
Iron Mountain
IRM
|
+$149M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 18.4% |
| 2 | Communication Services | 14.33% |
| 3 | Financials | 13.75% |
| 4 | Healthcare | 12.51% |
| 5 | Technology | 7.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Royal Bank of Canada
RY
$292B
| $267K | ﹤0.01% |
5,000
| – | – |
|
|
CYHHZ
77
DELISTED
Community Health Systems, Inc. Series A Contingent Value Rights
CYHHZ
| $2K | ﹤0.01% |
199,320
| – | – |
|
|
78
Air Products & Chemicals
APD
$67.1B
| – | – |
-2,067,206
| Closed | -$244M |
|
79
CONMED
CNMD
$1.48B
| – | – |
-137,138
| Closed | -$6.55M |
|
80
Canadian Natural Resources
CNQ
$104B
| – | – |
-1,034,273
| Closed | -$9.72M |
|
81
IBM
IBM
$221B
| – | – |
-828,955
| Closed | -$115M |
|
82
Eli Lilly
LLY
$1.02T
| – | – |
-700,000
| Closed | -$58.6M |
|
83
CALL
McDonald's
MCD
$181B
| – | – |
-1,500,000
| Closed | -$148M |
|
84
NovaGold Resources
NG
$3.54B
| – | – |
-2,000,000
| Closed | -$7.22M |
|
85
Procter & Gamble
PG
$340B
| – | – |
-580,000
| Closed | -$41.7M |
|
86
Qualcomm
QCOM
$180B
| – | – |
-400,000
| Closed | -$21.5M |
|
87
PUT
Under Armour
UAA
$2.26B
| – | – |
-1,950,000
| Closed | -$94.4M |
|
|
REMY
88
DELISTED
REMY INTL INC NEW COMMON
REMY
| – | – |
-357,542
| Closed | -$10.5M |
|
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Highfields Capital Management's Q4 2015 Portfolio in Review
As of Q4 2015, Highfields Capital Management held 88 positions worth $11.6B, up 2.4% from $11.3B the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Highfields Capital Management withdrew a net $825M in Q4 2015, closing 11 positions and reducing 21 holdings. Its most notable exit was Air Products & Chemicals, an estimated $244M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 18% of assets, up from 15% a quarter earlier, followed by Communication Services and Financials.
Against the trend, Highfields Capital Management opened a new position in Yahoo Inc worth $239M.
- Highfields Capital Management's largest Q4 2015 buy was Yahoo Inc: 7,200,000 shares worth $239M.
- Highfields Capital Management added most to Williams Companies in Q4 2015, an estimated $195M increase.
- Highfields Capital Management's biggest Q4 2015 reduction was Paramount Global Class B, cutting an estimated $347M.
- Highfields Capital Management fully exited Air Products & Chemicals in Q4 2015, selling an estimated $244M.
- Highfields Capital Management's ten largest holdings make up 52% of its $11.6B portfolio in Q4 2015.
- Highfields Capital Management opened 10 new positions and closed 11 in Q4 2015.
- Highfields Capital Management's portfolio value rose 2.4% quarter-over-quarter to $11.6B.
Based on Highfields Capital Management's 13F filing for Q4 2015, filed 16 Feb 2016.