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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
+6.08%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$9.09B
AUM Growth
-$1.95B
Cap. Flow
-$2.79B
Cap. Flow %
-30.65%
Top 10 Hldgs %
54.24%
Holding
77
New
17
Increased
10
Reduced
17
Closed
20

Top Buys

Rank Stock Value
1
NXPI icon
NXP Semiconductors
NXPI
+$788M
2
CVS icon
CVS Health
CVS
+$253M
3
CHTR icon
Charter Communications
CHTR
+$211M
4
META icon
Meta Platforms (Facebook)
META
+$106M
5
AET
Aetna Inc
AET
+$81.6M

Top Sells

Rank Stock Value
1
TWX
Time Warner Inc
TWX
+$1.17B
2
MON
Monsanto Co
MON
+$845M
3
HCA icon
HCA Healthcare
HCA
+$449M
4
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
+$279M
5
EXPE icon
Expedia Group
EXPE
+$239M

Sector Composition

Rank Sector Weight
1 Communication Services 33.14%
2 Healthcare 14.38%
3 Consumer Discretionary 12.13%
4 Financials 10.36%
5 Technology 9.05%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CSRA
76
DELISTED
CSRA Inc.
CSRA
– –
-1,000,000
Closed -$41.2M
1 2 3
4

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Highfields Capital Management's Q2 2018 Portfolio in Review

As of Q2 2018, Highfields Capital Management held 77 positions worth $9.09B, down 18% from $11B the previous quarter. Its ten largest holdings account for 54% of the portfolio.

Highfields Capital Management withdrew a net $2.79B in Q2 2018, closing 20 positions and reducing 17 holdings. Its most notable exit was Time Warner Inc, an estimated $1.17B position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 33% of assets, down from 35% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Highfields Capital Management opened a new position in NXP Semiconductors worth $781M.

  • Highfields Capital Management's largest Q2 2018 buy was NXP Semiconductors: 7,145,664 shares worth $781M.
  • Highfields Capital Management added most to Charter Communications in Q2 2018, an estimated $211M increase.
  • Highfields Capital Management's biggest Q2 2018 reduction was HCA Healthcare, cutting an estimated $449M.
  • Highfields Capital Management fully exited Time Warner Inc in Q2 2018, selling an estimated $1.17B.
  • Highfields Capital Management's ten largest holdings make up 54% of its $9.09B portfolio in Q2 2018.
  • Highfields Capital Management opened 17 new positions and closed 20 in Q2 2018.
  • Highfields Capital Management's portfolio value fell 18% quarter-over-quarter to $9.09B.

Based on Highfields Capital Management's 13F filing for Q2 2018, filed 14 Aug 2018.