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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
+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
(+14%)
Cap. Flow
+$1.17B
Cap. Flow
% of AUM
8.61%
Top 10 Holdings %
Top 10 Hldgs %
46.31%
Holding
109
New
30
Increased
16
Reduced
14
Closed
18
Avg Time Held Equity + Options
0.5
years
Top 10 Avg Time Held Equity + Options
0.7
years
Top 20 Avg Time Held Equity + Options
0.6
years
Avg Time Held Equity only
0.6
years
Top 10 Avg Time Held Equity only
0.7
years
Top 20 Avg Time Held Equity only
0.6
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Herc Holdings
HRI
|
+$261M |
| 2 |
Eli Lilly
LLY
|
+$239M |
| 3 |
DTV
DIRECTV COM STK (DE)
DTV
|
+$230M |
| 4 |
MON
Monsanto Co
MON
|
+$186M |
| 5 |
Goldman Sachs
GS
|
+$155M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
|
+$224M |
| 2 |
BP
BP
|
+$157M |
| 3 |
AGN
Allergan Inc
AGN
|
+$138M |
| 4 |
Applied Materials
AMAT
|
+$136M |
| 5 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
|
101
ExxonMobil
XOM
$728B
| – | – |
-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 | – |
|
105
DELISTED
SANDRIDGE ENERGY, INC.
SD
| – | – |
-8,000,000
| Closed | -$49.1M | – |
|
|
MWV
106
DELISTED
MEADWESTVACO CORP
MWV
| – | – |
-205,000
| Closed | -$7.72M | – |
|
107
DELISTED
BEAM INC COM STK (DE)
BEAM
| – | – |
-161,000
| Closed | -$13.4M | – |
|
108
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| – | – |
-250,000
| Closed | -$169M | – |
|
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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.