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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
-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
-$489M
Cap. Flow %
-4.43%
Top 10 Hldgs %
55.92%
Holding
78
New
14
Increased
11
Reduced
15
Closed
18

Top Buys

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

1
MAR icon
Marriott International
MAR
+$430M
2
PXD
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

1 Communication Services 35.47%
2 Consumer Discretionary 13.02%
3 Healthcare 12.08%
4 Materials 10.35%
5 Financials 8.8%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
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 withdrew a net $489M in Q1 2018, closing 18 positions and reducing 15 holdings. Its most notable exit was Amazon, an estimated $292M position sold in full.

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.

Against the trend, Highfields Capital Management opened a new position in Aetna Inc worth $486M.

  • 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.