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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
-4.08%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$11B
AUM Growth
-$984M
Cap. Flow
-$93.9M
Cap. Flow %
-0.85%
Top 10 Hldgs %
55.92%
Holding
78
New
14
Increased
11
Reduced
15
Closed
18
Avg Time Held Equity + Options
1.5 years
Top 10 Avg Time Held Equity + Options
0.9 years
Top 20 Avg Time Held Equity + Options
1.2 years
Avg Time Held Equity only
1.5 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
AET
Aetna Inc
AET
+$517M
2
CMCSA icon
Comcast
CMCSA
+$451M
3
DIS icon
Walt Disney
DIS
+$441M
4
EQT icon
EQT Corp
EQT
+$189M
5
EXPE icon
Expedia Group
EXPE
+$155M

Top Sells

Rank Stock Value
1
MAR icon
Marriott International
MAR
+$430M
2
PXD icon
Pioneer Natural Resource Co.
PXD
+$351M
3
AMZN icon
Amazon
AMZN
+$292M
4
DD icon
DuPont de Nemours
DD
+$277M
5
BKR icon
Baker Hughes
BKR
+$154M

Sector Composition

Rank Sector Weight
1 Communication Services 35.47%
2 Consumer Discretionary 13.02%
3 Healthcare 12.79%
4 Materials 10.35%
5 Financials 8.8%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
SRUNW
76
DELISTED
Silver Run Acquisition Corporation II
SRUNW
– –
-3,833,333
Closed -$5.71M –
SRUN
77
DELISTED
Silver Run Acquisition Corporation II Class A
SRUN
– –
-7,508,999
Closed -$74.4M –
1 2 3
4

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Highfields Capital Management's Q1 2018 Portfolio in Review

As of Q1 2018, Highfields Capital Management held 78 positions worth $11B, down 8.2% from $12B the previous quarter. Its ten largest holdings account for 56% of the portfolio.

Highfields Capital Management's Q1 2018 filing shows 14 new, 11 increased, 15 reduced and 18 closed positions. Its largest new stake was Aetna Inc: 2,875,697 shares worth $486M. The largest sale was Marriott International, an estimated $430M.

By sector, the portfolio is most concentrated in Communication Services at 35% of assets, up from 25% a quarter earlier, followed by Consumer Discretionary and Healthcare.

  • Highfields Capital Management's largest Q1 2018 buy was Aetna Inc: 2,875,697 shares worth $486M.
  • Highfields Capital Management added most to Comcast in Q1 2018, an estimated $451M increase.
  • Highfields Capital Management's biggest Q1 2018 reduction was Marriott International, cutting an estimated $430M.
  • Highfields Capital Management fully exited Amazon in Q1 2018, selling an estimated $292M.
  • Highfields Capital Management's ten largest holdings make up 56% of its $11B portfolio in Q1 2018.
  • Highfields Capital Management opened 14 new positions and closed 18 in Q1 2018.
  • Highfields Capital Management's portfolio value fell 8.2% quarter-over-quarter to $11B.

Based on Highfields Capital Management's 13F filing for Q1 2018, filed 15 May 2018.