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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
+1.58%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$11.5B
AUM Growth
+$765M
(+7.1%)
Cap. Flow
+$378M
Cap. Flow
% of AUM
3.29%
Top 10 Holdings %
Top 10 Hldgs %
45.59%
Holding
91
New
18
Increased
16
Reduced
15
Closed
19
Avg Time Held Equity + Options
1
year
Top 10 Avg Time Held Equity + Options
0.5
years
Top 20 Avg Time Held Equity + Options
0.7
years
Avg Time Held Equity only
1.1
years
Top 10 Avg Time Held Equity only
0.6
years
Top 20 Avg Time Held Equity only
0.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Hilton Worldwide
HLT
|
+$468M |
| 2 |
Microsoft
MSFT
|
+$283M |
| 3 |
State Street Industrial Select Sector SPDR ETF
XLI
|
+$279M |
| 4 |
Teva Pharmaceutical Industries Limited
TEVA
|
+$211M |
| 5 |
Franklin Templeton
BEN
|
+$179M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
McDonald's
MCD
|
+$596M |
| 2 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$374M |
| 3 |
Paramount Global Class B
PARA
|
+$166M |
| 4 |
Walt Disney
DIS
|
+$162M |
| 5 |
BXLT
BAXALTA INC COM STK (DE)
BXLT
|
+$156M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 17.7% |
| 2 | Consumer Discretionary | 16.37% |
| 3 | Miscellaneous | 13.19% |
| 4 | Communication Services | 13.02% |
| 5 | Financials | 8.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
76
Walt Disney
DIS
$191B
| – | – |
-1,635,000
| Closed | -$162M | – |
|
|
77
PUT
Walt Disney
DIS
$191B
| – | – |
-5,960,400
| Closed | -$592M | – |
|
78
eBay
EBAY
$54.7B
| – | – |
-500,000
| Closed | -$11.9M | – |
|
79
CALL
Energy Transfer Partners
ET
$68.5B
| – | – |
-1,950,000
| Closed | -$13.9M | – |
|
80
DELISTED
Kellanova
K
| – | – |
-532,394
| Closed | -$38.3M | – |
|
|
81
McDonald's
MCD
$172B
| – | – |
-4,756,186
| Closed | -$596M | – |
|
82
Royal Bank of Canada
RY
$272B
| – | – |
-5,000
| Closed | -$289K | – |
|
83
PUT
Under Armour
UAA
$2.1B
| – | – |
-1,002,600
| Closed | -$42.5M | – |
|
84
Western Digital
WDC
$133B
| – | – |
-121,716
| Closed | -$4.35M | – |
|
85
Yum! Brands
YUM
$41.2B
| – | – |
-76,505
| Closed | -$4.5M | – |
|
|
ZAYO
86
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| – | – |
-500,000
| Closed | -$12.1M | – |
|
|
DATA
87
DELISTED
Tableau Software, Inc.
DATA
| – | – |
-630,371
| Closed | -$28.9M | – |
|
|
KLXI
88
DELISTED
KLX Inc.
KLXI
| – | – |
-921,531
| Closed | -$25M | – |
|
89
CALL
DELISTED
Du Pont De Nemours E I
DD
| – | – |
-250,000
| Closed | -$15.8M | – |
|
|
BXLT
90
DELISTED
BAXALTA INC COM STK (DE)
BXLT
| – | – |
-3,850,000
| Closed | -$156M | – |
|
|
TWC
91
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| – | – |
-1,827,467
| Closed | -$374M | – |
|
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Highfields Capital Management's Q2 2016 Portfolio in Review
As of Q2 2016, Highfields Capital Management held 91 positions worth $11.5B, up 7.1% from $10.7B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Highfields Capital Management deployed $378M of net new capital in Q2 2016, opening 18 new positions and adding to 16 existing holdings. Its largest new stake was Hilton Worldwide: 7,137,458 shares worth $482M.
By sector, the portfolio is most concentrated in Healthcare at 18% of assets, up from 16% a quarter earlier, followed by Consumer Discretionary and Miscellaneous.
On the sell side, the largest reduction was Paramount Global Class B, an estimated $166M trimmed.
- Highfields Capital Management's largest Q2 2016 buy was Hilton Worldwide: 7,137,458 shares worth $482M.
- Highfields Capital Management added most to Teva Pharmaceutical Industries Limited in Q2 2016, an estimated $211M increase.
- Highfields Capital Management's biggest Q2 2016 reduction was Paramount Global Class B, cutting an estimated $166M.
- Highfields Capital Management fully exited McDonald's in Q2 2016, selling an estimated $596M.
- Highfields Capital Management's ten largest holdings make up 46% of its $11.5B portfolio in Q2 2016.
- Highfields Capital Management opened 18 new positions and closed 19 in Q2 2016.
- Highfields Capital Management's portfolio value rose 7.1% quarter-over-quarter to $11.5B.
Based on Highfields Capital Management's 13F filing for Q2 2016, filed 15 Aug 2016.