We are live on ! Find out more
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
+12.7%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$12.3B
AUM Growth
-$359M
Cap. Flow
-$160M
Cap. Flow %
-1.3%
Top 10 Hldgs %
43.78%
Holding
106
New
19
Increased
13
Reduced
18
Closed
17
Avg Time Held Equity + Options
0.4 years
Top 10 Avg Time Held Equity + Options
0.3 years
Top 20 Avg Time Held Equity + Options
0.3 years
Avg Time Held Equity only
0.4 years
Top 10 Avg Time Held Equity only
0.4 years
Top 20 Avg Time Held Equity only
0.4 years

Top Buys

Rank Stock Value
1
BEN icon
Franklin Templeton
BEN
+$292M
2
APD icon
Air Products & Chemicals
APD
+$200M
3
AMAT icon
Applied Materials
AMAT
+$177M
4
BRCM
BROADCOM CORP CL-A
BRCM
+$173M
5
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
+$160M

Top Sells

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$545M
2
HES icon
Hess
HES
+$273M
3
SLM icon
SLM Corp
SLM
+$213M
4
DELL icon
DELL INC
DELL
+$175M
5
PARA icon
Paramount Global Class B
PARA
+$144M

Sector Composition

Rank Sector Weight
1 Financials 27.07%
2 Energy 15.53%
3 Technology 12.46%
4 Miscellaneous 8.58%
5 Communication Services 7.08%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
ZG icon
101
PUT
Zillow
ZG
$7.04B
– –
-150,000
Closed -$4.22M –
APC icon
102
CALL
DELISTED
Anadarko Petroleum
APC
– –
-1,000,000
Closed -$93M –
AET
103
DELISTED
Aetna Inc
AET
– –
-1,306,780
Closed -$83.7M –
ADT icon
104
DELISTED
ADT Corp
ADT
– –
-534,725
Closed -$21.7M –
DELL icon
105
DELISTED
DELL INC
DELL
– –
-12,727,441
Closed -$175M –
1 2 3 4
5

Similar funds

AFNAS
American Financial Network Advisory Services Calabasas, California $67M AUM 1.63% 1-Year Est. Return
PP
Pension Partners New York $72.6M AUM
HCS
Harvest Capital Strategies San Francisco, California $73.7M AUM 7.47% 1-Year Est. Return
VF
Vilas Fund Chicago, Illinois $74.3M AUM 13.22% 1-Year Est. Return
DP
DW Partners New York $62.3M AUM 25.52% 1-Year Est. Return
KCP
Kenmare Capital Partners New York $76M AUM 3.89% 1-Year Est. Return
TCMV
Technology Crossover Management VI Menlo Park, California $59.6M AUM 18.81% 1-Year Est. Return
SCG
Saban Capital Group Los Angeles, California $59.5M AUM 3.83% 1-Year Est. Return

Highfields Capital Management's Q4 2013 Portfolio in Review

As of Q4 2013, Highfields Capital Management held 106 positions worth $12.3B, down 2.8% from $12.7B the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Highfields Capital Management's Q4 2013 filing shows 19 new, 13 increased, 18 reduced and 17 closed positions. Its largest new stake was Air Products & Chemicals: 1,981,180 shares worth $205M. The largest sale was Microsoft, an estimated $545M.

By sector, the portfolio is most concentrated in Financials at 27% of assets, up from 21% a quarter earlier, followed by Energy and Technology.

  • Highfields Capital Management's largest Q4 2013 buy was Air Products & Chemicals: 1,981,180 shares worth $205M.
  • Highfields Capital Management added most to Franklin Templeton in Q4 2013, an estimated $292M increase.
  • Highfields Capital Management's biggest Q4 2013 reduction was Microsoft, cutting an estimated $545M.
  • Highfields Capital Management fully exited Hess in Q4 2013, selling an estimated $273M.
  • Highfields Capital Management's ten largest holdings make up 44% of its $12.3B portfolio in Q4 2013.
  • Highfields Capital Management opened 19 new positions and closed 17 in Q4 2013.
  • Highfields Capital Management's portfolio value fell 2.8% quarter-over-quarter to $12.3B.

Based on Highfields Capital Management's 13F filing for Q4 2013, filed 14 Feb 2014.