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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
+9.23%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$12.7B
AUM Growth
+$590M
Cap. Flow
-$429M
Cap. Flow %
-3.39%
Top 10 Hldgs %
46.92%
Holding
106
New
18
Increased
13
Reduced
20
Closed
19

Top Buys

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$865M
2
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
+$215M
3
FDX icon
FedEx
FDX
+$118M
4
ASH icon
Ashland
ASH
+$106M
5
JWN
Nordstrom
JWN
+$74.1M

Top Sells

Rank Stock Value
1
NWSA
NEWS CORPORATION CL-A
NWSA
+$506M
2
DELL
DELL INC
DELL
+$272M
3
SLM icon
SLM Corp
SLM
+$234M
4
ILMN icon
Illumina
ILMN
+$111M
5
ORCL icon
Oracle
ORCL
+$104M

Sector Composition

Rank Sector Weight
1 Financials 21.16%
2 Miscellaneous 19.31%
3 Technology 14.92%
4 Energy 14.69%
5 Communication Services 8.09%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UPS icon
101
CALL
United Parcel Service
UPS
$87B
– –
-1,500,000
Closed -$130M
MDRX
102
DELISTED
Veradigm Inc. Common Stock
MDRX
– –
-1,199,999
Closed -$15.5M
RSH
103
DELISTED
RADIOSHACK CORP
RSH
– –
-3,075,000
Closed -$9.72M
LPS
104
DELISTED
LENDER PROCESSING SERVICES INC
LPS
– –
-2,786,298
Closed -$90.1M
NWSA
105
DELISTED
NEWS CORPORATION CL-A
NWSA
– –
-17,574,300
Closed -$506M
1 2 3 4
5

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VF
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DP
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KCP
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TCMV
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SCG
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Highfields Capital Management's Q3 2013 Portfolio in Review

As of Q3 2013, Highfields Capital Management held 106 positions worth $12.7B, up 4.9% from $12.1B the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Highfields Capital Management withdrew a net $429M in Q3 2013, closing 19 positions and reducing 20 holdings. Its most notable exit was NEWS CORPORATION CL-A, an estimated $506M position sold in full.

By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 23% a quarter earlier, followed by Miscellaneous and Technology.

Against the trend, Highfields Capital Management opened a new position in Twenty-First Century Fox, Inc. Class A worth $229M.

  • Highfields Capital Management's largest Q3 2013 buy was Twenty-First Century Fox, Inc. Class A: 6,824,300 shares worth $229M.
  • Highfields Capital Management added most to Microsoft in Q3 2013, an estimated $865M increase.
  • Highfields Capital Management's biggest Q3 2013 reduction was DELL INC, cutting an estimated $272M.
  • Highfields Capital Management fully exited NEWS CORPORATION CL-A in Q3 2013, selling an estimated $506M.
  • Highfields Capital Management's ten largest holdings make up 47% of its $12.7B portfolio in Q3 2013.
  • Highfields Capital Management opened 18 new positions and closed 19 in Q3 2013.
  • Highfields Capital Management's portfolio value rose 4.9% quarter-over-quarter to $12.7B.

Based on Highfields Capital Management's 13F filing for Q3 2013, filed 14 Nov 2013.