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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
+2.86%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$11.6B
AUM Growth
-$1.89B
Cap. Flow
-$1.51B
Cap. Flow %
-13.02%
Top 10 Hldgs %
49.04%
Holding
80
New
9
Increased
19
Reduced
15
Closed
18

Top Buys

Rank Stock Value
1
PXD
Pioneer Natural Resource Co.
PXD
+$400M
2
BKR icon
Baker Hughes
BKR
+$359M
3
DD icon
DuPont de Nemours
DD
+$273M
4
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
+$164M
5
FDX icon
FedEx
FDX
+$161M

Top Sells

Rank Stock Value
1
QQQ icon
Invesco QQQ Trust
QQQ
+$967M
2
BEN icon
Franklin Templeton
BEN
+$472M
3
DD
Du Pont De Nemours E I
DD
+$396M
4
BHI
Baker Hughes
BHI
+$331M
5
AMT icon
American Tower
AMT
+$254M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 18.48%
2 Communication Services 17.99%
3 Industrials 11.22%
4 Energy 9.58%
5 Financials 9.57%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SRUNU
76
DELISTED
Silver Run Acquisition Corporation II Units
SRUNU
– –
-11,500,000
Closed -$123M
DD
77
DELISTED
Du Pont De Nemours E I
DD
– –
-4,910,364
Closed -$396M
BHI
78
DELISTED
Baker Hughes
BHI
– –
-6,064,569
Closed -$331M
WPZ
79
DELISTED
Williams Partners L.P.
WPZ
– –
-500,000
Closed -$20.1M
1 2 3
4

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Highfields Capital Management's Q3 2017 Portfolio in Review

As of Q3 2017, Highfields Capital Management held 80 positions worth $11.6B, down 14% from $13.5B the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Highfields Capital Management withdrew a net $1.51B in Q3 2017, closing 18 positions and reducing 15 holdings. Its most notable exit was Invesco QQQ Trust, an estimated $967M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 18% of assets, up from 15% a quarter earlier, followed by Communication Services and Industrials.

Against the trend, Highfields Capital Management opened a new position in Pioneer Natural Resource Co. worth $411M.

  • Highfields Capital Management's largest Q3 2017 buy was Pioneer Natural Resource Co.: 2,784,479 shares worth $411M.
  • Highfields Capital Management added most to DuPont de Nemours in Q3 2017, an estimated $273M increase.
  • Highfields Capital Management's biggest Q3 2017 reduction was Franklin Templeton, cutting an estimated $472M.
  • Highfields Capital Management fully exited Invesco QQQ Trust in Q3 2017, selling an estimated $967M.
  • Highfields Capital Management's ten largest holdings make up 49% of its $11.6B portfolio in Q3 2017.
  • Highfields Capital Management opened 9 new positions and closed 18 in Q3 2017.
  • Highfields Capital Management's portfolio value fell 14% quarter-over-quarter to $11.6B.

Based on Highfields Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.