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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
+3.85%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$10.8B
AUM Growth
-$1.27B
(-11%)
Cap. Flow
-$959M
Cap. Flow
% of AUM
-8.89%
Top 10 Holdings %
Top 10 Hldgs %
52.79%
Holding
89
New
20
Increased
12
Reduced
14
Closed
22
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Target
TGT
|
+$314M |
| 2 |
FedEx
FDX
|
+$229M |
| 3 |
Cenovus Energy
CVE
|
+$182M |
| 4 |
HCA Healthcare
HCA
|
+$156M |
| 5 |
Verizon
VZ
|
+$154M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AbbVie
ABBV
|
+$372M |
| 2 |
PPLI
People Inc
PPLI
|
+$284M |
| 3 |
PARA
Paramount Global Class B
PARA
|
+$266M |
| 4 |
DD
Du Pont De Nemours E I
DD
|
+$225M |
| 5 |
Marriott International
MAR
|
+$197M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 18.24% |
| 2 | Financials | 13.56% |
| 3 | Communication Services | 13.51% |
| 4 | Healthcare | 10.24% |
| 5 | Materials | 9.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
iShares Russell 2000 ETF
IWM
$80.5B
| – | – |
-26,849
| Closed | -$3.62M |
|
77
PUT
JPMorgan Chase
JPM
$953B
| – | – |
-300,000
| Closed | -$25.9M |
|
78
Lowe's Companies
LOW
$115B
| – | – |
-1,400,000
| Closed | -$99.6M |
|
79
CALL
McDonald's
MCD
$181B
| – | – |
-5,056,000
| Closed | -$615M |
|
80
MGM Resorts International
MGM
$10.4B
| – | – |
-2,610,306
| Closed | -$75.3M |
|
81
Microsoft
MSFT
$3.71T
| – | – |
-2,497,304
| Closed | -$155M |
|
82
Match Group
MTCH
$9.61B
| – | – |
-50,000
| Closed | -$855K |
|
|
PARA
83
DELISTED
Paramount Global Class B
PARA
| – | – |
-4,183,030
| Closed | -$266M |
|
84
TripAdvisor
TRIP
$1.09B
| – | – |
-2,555,542
| Closed | -$119M |
|
85
Williams Companies
WMB
$90.7B
| – | – |
-3,384,454
| Closed | -$105M |
|
86
Walmart Inc
WMT
$850B
| – | – |
-3,000,000
| Closed | -$69.1M |
|
|
KSU
87
DELISTED
Kansas City Southern
KSU
| – | – |
-1,620,000
| Closed | -$137M |
|
|
APC
88
DELISTED
Anadarko Petroleum
APC
| – | – |
-29,621
| Closed | -$2.06M |
|
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Highfields Capital Management's Q1 2017 Portfolio in Review
As of Q1 2017, Highfields Capital Management held 89 positions worth $10.8B, down 11% from $12.1B the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Highfields Capital Management withdrew a net $959M in Q1 2017, closing 22 positions and reducing 14 holdings. Its most notable exit was AbbVie, an estimated $372M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 18% of assets, down from 19% a quarter earlier, followed by Financials and Communication Services.
Against the trend, Highfields Capital Management opened a new position in Target worth $279M.
- Highfields Capital Management's largest Q1 2017 buy was Target: 5,051,698 shares worth $279M.
- Highfields Capital Management added most to FedEx in Q1 2017, an estimated $229M increase.
- Highfields Capital Management's biggest Q1 2017 reduction was People Inc, cutting an estimated $284M.
- Highfields Capital Management fully exited AbbVie in Q1 2017, selling an estimated $372M.
- Highfields Capital Management's ten largest holdings make up 53% of its $10.8B portfolio in Q1 2017.
- Highfields Capital Management opened 20 new positions and closed 22 in Q1 2017.
- Highfields Capital Management's portfolio value fell 11% quarter-over-quarter to $10.8B.
Based on Highfields Capital Management's 13F filing for Q1 2017, filed 15 May 2017.