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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
-0.69%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$10.7B
AUM Growth
-$895M
(-7.7%)
Cap. Flow
-$1.18B
Cap. Flow
% of AUM
-11%
Top 10 Holdings %
Top 10 Hldgs %
45.79%
Holding
94
New
17
Increased
24
Reduced
14
Closed
21
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Marriott International
MAR
|
+$449M |
| 2 |
WBA
Walgreens Boots Alliance
WBA
|
+$223M |
| 3 |
Williams Companies
WMB
|
+$207M |
| 4 |
PepsiCo
PEP
|
+$200M |
| 5 |
Pfizer
PFE
|
+$177M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
McDonald's
MCD
|
+$854M |
| 2 |
Microsoft
MSFT
|
+$710M |
| 3 |
MHFI
MCGRAW-HILL FINANCIAL INC COM
MHFI
|
+$275M |
| 4 |
Perrigo
PRGO
|
+$242M |
| 5 |
YHOO
Yahoo Inc
YHOO
|
+$239M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 20.77% |
| 2 | Consumer Discretionary | 17.19% |
| 3 | Healthcare | 15.89% |
| 4 | Miscellaneous | 9.23% |
| 5 | Financials | 9.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
CALL
Iron Mountain
IRM
$35B
| – | – |
-800,000
| Closed | -$21.6M |
|
|
77
Iron Mountain
IRM
$35B
| – | – |
-1,069,868
| Closed | -$28.9M |
|
|
78
Microsoft
MSFT
$3.81T
| – | – |
-12,792,446
| Closed | -$710M |
|
|
79
CALL
Perrigo
PRGO
$2.01B
| – | – |
-50,000
| Closed | -$7.24M |
|
|
80
Perrigo
PRGO
$2.01B
| – | – |
-1,669,545
| Closed | -$242M |
|
81
PayPal
PYPL
$45.9B
| – | – |
-3,550,000
| Closed | -$129M |
|
82
Sempra
SRE
$55.1B
| – | – |
-2,776,800
| Closed | -$131M |
|
83
AT&T
T
$178B
| – | – |
-1,307,622
| Closed | -$34M |
|
84
Viatris
VTRS
$18.8B
| – | – |
-150,000
| Closed | -$8.11M |
|
|
ONIT
85
Onity Group
ONIT
$296M
| – | – |
-110,218
| Closed | -$11.5M |
|
|
SJR
86
DELISTED
Shaw Communications Inc.
SJR
| – | – |
-1,500,000
| Closed | -$25.7M |
|
|
JAX
87
DELISTED
J. Alexander's Holdings, Inc.
JAX
| – | – |
-760,044
| Closed | -$8.3M |
|
|
AGN
88
DELISTED
Allergan plc
AGN
| – | – |
-407,087
| Closed | -$127M |
|
|
APC
89
CALL
DELISTED
Anadarko Petroleum
APC
| – | – |
-200,000
| Closed | -$9.72M |
|
|
SYT
90
DELISTED
Syngenta Ag
SYT
| – | – |
-319,706
| Closed | -$25.2M |
|
|
YHOO
91
DELISTED
Yahoo Inc
YHOO
| – | – |
-7,200,000
| Closed | -$239M |
|
|
MHFI
92
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
| – | – |
-2,791,990
| Closed | -$275M |
|
|
BRCM
93
DELISTED
BROADCOM CORP CL-A
BRCM
| – | – |
-1,320,200
| Closed | -$76.3M |
|
|
CB
94
DELISTED
CHUBB CORPORATION
CB
| – | – |
-500,000
| Closed | -$66.3M |
|
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Highfields Capital Management's Q1 2016 Portfolio in Review
As of Q1 2016, Highfields Capital Management held 94 positions worth $10.7B, down 7.7% from $11.6B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Highfields Capital Management withdrew a net $1.18B in Q1 2016, closing 21 positions and reducing 14 holdings. Its most notable exit was Microsoft, an estimated $710M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 21% of assets, up from 14% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Highfields Capital Management opened a new position in Marriott International worth $488M.
- Highfields Capital Management's largest Q1 2016 buy was Marriott International: 6,859,386 shares worth $488M.
- Highfields Capital Management added most to Walgreens Boots Alliance in Q1 2016, an estimated $223M increase.
- Highfields Capital Management's biggest Q1 2016 reduction was McDonald's, cutting an estimated $854M.
- Highfields Capital Management fully exited Microsoft in Q1 2016, selling an estimated $710M.
- Highfields Capital Management's ten largest holdings make up 46% of its $10.7B portfolio in Q1 2016.
- Highfields Capital Management opened 17 new positions and closed 21 in Q1 2016.
- Highfields Capital Management's portfolio value fell 7.7% quarter-over-quarter to $10.7B.
Based on Highfields Capital Management's 13F filing for Q1 2016, filed 16 May 2016.