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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
+3.86%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$12.1B
AUM Growth
+$1.38B
(+13%)
Cap. Flow
+$973M
Cap. Flow
% of AUM
8.08%
Top 10 Holdings %
Top 10 Hldgs %
49.87%
Holding
85
New
13
Increased
20
Reduced
13
Closed
16
Avg Time Held Equity + Options
1.3
years
Top 10 Avg Time Held Equity + Options
0.9
years
Top 20 Avg Time Held Equity + Options
1
year
Avg Time Held Equity only
1.4
years
Top 10 Avg Time Held Equity only
0.9
years
Top 20 Avg Time Held Equity only
1.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Teva Pharmaceutical Industries Limited
TEVA
|
+$347M |
| 2 |
FedEx
FDX
|
+$298M |
| 3 |
Invesco
IVZ
|
+$285M |
| 4 |
American Tower
AMT
|
+$251M |
| 5 |
Cognizant
CTSH
|
+$242M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$229M |
| 2 |
Suncor Energy
SU
|
+$194M |
| 3 |
Anadarko Petroleum
APC
|
+$175M |
| 4 |
Williams Companies
WMB
|
+$157M |
| 5 |
CF Industries
CF
|
+$156M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 19.37% |
| 2 | Communication Services | 13.72% |
| 3 | Healthcare | 13.72% |
| 4 | Financials | 12.11% |
| 5 | Miscellaneous | 10.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
76
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$25.3B
| – | – |
-22,192
| Closed | -$6.26M | – |
|
|
77
Suncor Energy
SU
$88.8B
| – | – |
-6,967,000
| Closed | -$194M | – |
|
78
TransUnion
TRU
$12.8B
| – | – |
-500,000
| Closed | -$17.3M | – |
|
|
VMW
79
DELISTED
VMware, Inc
VMW
| – | – |
-51,000
| Closed | -$3.74M | – |
|
|
PDCE
80
DELISTED
PDC Energy, Inc.
PDCE
| – | – |
-400,000
| Closed | -$26.8M | – |
|
|
CERN
81
DELISTED
Cerner Corp
CERN
| – | – |
-518,671
| Closed | -$32M | – |
|
82
DELISTED
Hertz Global Holdings, Inc.
HTZ
| – | – |
-2,761,826
| Closed | -$96.4M | – |
|
|
CYHHZ
83
DELISTED
Community Health Systems, Inc. Series A Contingent Value Rights
CYHHZ
| – | – |
-199,320
| Closed | -$2K | – |
|
|
ILG
84
DELISTED
ILG, Inc Common Stock
ILG
| – | – |
-742,499
| Closed | -$12.7M | – |
|
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Highfields Capital Management's Q4 2016 Portfolio in Review
As of Q4 2016, Highfields Capital Management held 85 positions worth $12.1B, up 13% from $10.7B the previous quarter. Its ten largest holdings account for 50% of the portfolio.
Highfields Capital Management deployed $973M of net new capital in Q4 2016, opening 13 new positions and adding to 20 existing holdings. Its largest new stake was FedEx: 1,621,385 shares worth $302M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 19% of assets, up from 19% a quarter earlier, followed by Communication Services and Healthcare.
On the sell side, the largest reduction was Alphabet (Google) Class C, an estimated $229M trimmed.
- Highfields Capital Management's largest Q4 2016 buy was FedEx: 1,621,385 shares worth $302M.
- Highfields Capital Management added most to Teva Pharmaceutical Industries Limited in Q4 2016, an estimated $347M increase.
- Highfields Capital Management's biggest Q4 2016 reduction was Alphabet (Google) Class C, cutting an estimated $229M.
- Highfields Capital Management fully exited Suncor Energy in Q4 2016, selling an estimated $194M.
- Highfields Capital Management's ten largest holdings make up 50% of its $12.1B portfolio in Q4 2016.
- Highfields Capital Management opened 13 new positions and closed 16 in Q4 2016.
- Highfields Capital Management's portfolio value rose 13% quarter-over-quarter to $12.1B.
Based on Highfields Capital Management's 13F filing for Q4 2016, filed 14 Feb 2017.