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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
-0.62%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$12.8B
AUM Growth
-$792M
Cap. Flow
-$320M
Cap. Flow %
-2.49%
Top 10 Hldgs %
46.99%
Holding
108
New
17
Increased
17
Reduced
19
Closed
17

Top Buys

Rank Stock Value
1
DLTR icon
Dollar Tree
DLTR
+$331M
2
ENB icon
Enbridge
ENB
+$311M
3
TWX
Time Warner Inc
TWX
+$217M
4
MIK
Michaels Stores, Inc
MIK
+$178M
5
WBA
Walgreens Boots Alliance
WBA
+$165M

Top Sells

Rank Stock Value
1
CNQ icon
Canadian Natural Resources
CNQ
+$378M
2
BRCM
BROADCOM CORP CL-A
BRCM
+$227M
3
LLY icon
Eli Lilly
LLY
+$196M
4
MDLZ icon
Mondelez International
MDLZ
+$164M
5
MET icon
MetLife
MET
+$155M

Sector Composition

Rank Sector Weight
1 Financials 24.31%
2 Technology 11.24%
3 Materials 10.38%
4 Communication Services 9.08%
5 Energy 8.24%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WEN icon
101
Wendy's
WEN
$1.53B
– –
-3,542,547
Closed -$30.2M
NE
102
DELISTED
Noble Corporation
NE
– –
-360,360
Closed -$10.6M
CSFL
103
DELISTED
CenterState Bank Corporation Common Stock
CSFL
– –
-436,535
Closed -$4.89M
JCP
104
DELISTED
J.C. Penney Company, Inc.
JCP
– –
-3,250,000
Closed -$29.4M
LVNTA
105
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
– –
-3,896,634
Closed -$141M
BRCM
106
DELISTED
BROADCOM CORP CL-A
BRCM
– –
-6,105,619
Closed -$227M
DISH
107
DELISTED
DISH Network Corp.
DISH
– –
-1,500,000
Closed -$97.6M
1 2 3 4
5

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Highfields Capital Management's Q3 2014 Portfolio in Review

As of Q3 2014, Highfields Capital Management held 108 positions worth $12.8B, down 5.8% from $13.6B the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Highfields Capital Management's Q3 2014 filing shows 17 new, 17 increased, 19 reduced and 17 closed positions. Its largest new stake was Enbridge: 6,301,126 shares worth $302M. The largest sale was Canadian Natural Resources, an estimated $378M.

By sector, the portfolio is most concentrated in Financials at 24% of assets, down from 26% a quarter earlier, followed by Technology and Materials.

  • Highfields Capital Management's largest Q3 2014 buy was Enbridge: 6,301,126 shares worth $302M.
  • Highfields Capital Management added most to Dollar Tree in Q3 2014, an estimated $331M increase.
  • Highfields Capital Management's biggest Q3 2014 reduction was Canadian Natural Resources, cutting an estimated $378M.
  • Highfields Capital Management fully exited BROADCOM CORP CL-A in Q3 2014, selling an estimated $227M.
  • Highfields Capital Management's ten largest holdings make up 47% of its $12.8B portfolio in Q3 2014.
  • Highfields Capital Management opened 17 new positions and closed 17 in Q3 2014.
  • Highfields Capital Management's portfolio value fell 5.8% quarter-over-quarter to $12.8B.

Based on Highfields Capital Management's 13F filing for Q3 2014, filed 14 Nov 2014.