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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
+8.07%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$13.6B
AUM Growth
+$1.68B
Cap. Flow
+$1.17B
Cap. Flow %
8.61%
Top 10 Hldgs %
46.31%
Holding
109
New
30
Increased
16
Reduced
14
Closed
18

Top Buys

Rank Stock Value
1
HRI icon
Herc Holdings
HRI
+$261M
2
LLY icon
Eli Lilly
LLY
+$239M
3
DTV
DIRECTV COM STK (DE)
DTV
+$230M
4
MON
Monsanto Co
MON
+$186M
5
GS icon
Goldman Sachs
GS
+$155M

Top Sells

Rank Stock Value
1
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
+$224M
2
BP icon
BP
BP
+$157M
3
AGN
Allergan Inc
AGN
+$138M
4
AMAT icon
Applied Materials
AMAT
+$136M
5
XOM icon
ExxonMobil
XOM
+$122M

Sector Composition

Rank Sector Weight
1 Financials 25.98%
2 Miscellaneous 11.09%
3 Technology 10.98%
4 Materials 10.58%
5 Energy 10.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
XOM icon
101
ExxonMobil
XOM
$644B
– –
-1,245,500
Closed -$122M
PACW
102
DELISTED
PacWest Bancorp
PACW
– –
-264,806
Closed -$11.4M
RDS.A
103
CALL
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
– –
-107,063
Closed -$7.31M
MON
104
CALL
DELISTED
Monsanto Co
MON
– –
-410,000
Closed -$46.6M
SD
105
DELISTED
SANDRIDGE ENERGY, INC.
SD
– –
-8,000,000
Closed -$49.1M
MWV
106
DELISTED
MEADWESTVACO CORP
MWV
– –
-205,000
Closed -$7.72M
BEAM
107
DELISTED
BEAM INC COM STK (DE)
BEAM
– –
-161,000
Closed -$13.4M
VXX
108
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
– –
-250,000
Closed -$169M
1 2 3 4
5

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Highfields Capital Management's Q2 2014 Portfolio in Review

As of Q2 2014, Highfields Capital Management held 109 positions worth $13.6B, up 14% from $11.9B the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Highfields Capital Management deployed $1.17B of net new capital in Q2 2014, opening 30 new positions and adding to 16 existing holdings. Its largest new stake was Herc Holdings: 3,095,000 shares worth $260M.

By sector, the portfolio is most concentrated in Financials at 26% of assets, down from 26% a quarter earlier, followed by Miscellaneous and Technology.

On the sell side, the largest reduction was Royal Dutch Shell PLC ADS Class A, an estimated $224M trimmed.

  • Highfields Capital Management's largest Q2 2014 buy was Herc Holdings: 3,095,000 shares worth $260M.
  • Highfields Capital Management added most to DIRECTV COM STK (DE) in Q2 2014, an estimated $230M increase.
  • Highfields Capital Management's biggest Q2 2014 reduction was Royal Dutch Shell PLC ADS Class A, cutting an estimated $224M.
  • Highfields Capital Management fully exited ExxonMobil in Q2 2014, selling an estimated $122M.
  • Highfields Capital Management's ten largest holdings make up 46% of its $13.6B portfolio in Q2 2014.
  • Highfields Capital Management opened 30 new positions and closed 18 in Q2 2014.
  • Highfields Capital Management's portfolio value rose 14% quarter-over-quarter to $13.6B.

Based on Highfields Capital Management's 13F filing for Q2 2014, filed 14 Aug 2014.