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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
+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
Cap. Flow
+$973M
Cap. Flow %
8.08%
Top 10 Hldgs %
49.87%
Holding
85
New
13
Increased
20
Reduced
13
Closed
16

Top Buys

Rank Stock Value
1
TEVA icon
Teva Pharmaceuticals
TEVA
+$347M
2
FDX icon
FedEx
FDX
+$298M
3
IVZ icon
Invesco
IVZ
+$285M
4
AMT icon
American Tower
AMT
+$251M
5
CTSH icon
Cognizant
CTSH
+$242M

Top Sells

Rank Stock Value
1
GOOG icon
Alphabet (Google) Class C
GOOG
+$229M
2
SU icon
Suncor Energy
SU
+$194M
3
APC
Anadarko Petroleum
APC
+$175M
4
WMB icon
Williams Companies
WMB
+$157M
5
CF icon
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
MDY icon
76
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.4B
– –
-22,192
Closed -$6.26M
SU icon
77
Suncor Energy
SU
$76.5B
– –
-6,967,000
Closed -$194M
TRU icon
78
TransUnion
TRU
$16.4B
– –
-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
HTZ
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
1 2 3
4

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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 Pharmaceuticals 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.