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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
DTV
1
DELISTED
DIRECTV COM STK (DE)
DTV
$904M 6.64%
10,637,261
+2,818,920
+36% +$230M
CNQ icon
2
Canadian Natural Resources
CNQ
$101B
$856M 6.29%
38,567,353
-5,585,075
-13% -$112M
BEN icon
3
Franklin Templeton
BEN
$17.6B
$823M 6.05%
14,233,345
– –
MHFI
4
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
$722M 5.3%
8,698,951
– –
ICE icon
5
Intercontinental Exchange
ICE
$91.1B
$718M 5.27%
19,013,885
+1,523,000
+9% +$59.4M
MON
6
DELISTED
Monsanto Co
MON
$655M 4.81%
5,247,800
+1,586,800
+43% +$186M
APD icon
7
Air Products & Chemicals
APD
$68.6B
$493M 3.62%
4,143,045
+1,081,000
+35% +$121M
TWC
8
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
$421M 3.09%
2,858,645
+300,000
+12% +$42.1M
IRM icon
9
Iron Mountain
IRM
$35B
$383M 2.81%
11,691,473
+1,489,819
+15% +$40.4M
MSFT icon
10
Microsoft
MSFT
$3.81T
$331M 2.43%
7,947,747
– –
TEVA icon
11
Teva Pharmaceuticals
TEVA
$42.5B
$324M 2.38%
6,187,000
+187,000
+3% +$9.56M
ASH icon
12
Ashland
ASH
$3.41B
$293M 2.15%
5,507,329
– –
TWTC
13
DELISTED
TW TELECOM INC CL A COM
TWTC
$272M 2%
6,756,587
+1,930,000
+40% +$63.7M
AIG icon
14
American International
AIG
$40.2B
$270M 1.98%
4,950,000
-1,500,000
-23% -$79.4M
HRI icon
15
Herc Holdings
HRI
$5.03B
$260M 1.91%
+3,095,000
New +$261M
LLY icon
16
Eli Lilly
LLY
$1.05T
$249M 1.83%
+4,000,000
New +$239M
FNF icon
17
Fidelity National Financial
FNF
$12.8B
$236M 1.73%
12,610,990
– –
EBAY icon
18
eBay
EBAY
$47B
$235M 1.73%
11,167,200
+1,663,200
+18% +$36.2M
BRCM
19
DELISTED
BROADCOM CORP CL-A
BRCM
$227M 1.66%
6,105,619
-250,000
-4% -$8.19M
APC
20
DELISTED
Anadarko Petroleum
APC
$222M 1.63%
2,029,766
-650,000
-24% -$66.2M
MDLZ icon
21
Mondelez International
MDLZ
$79.6B
$195M 1.43%
5,184,538
– –
ONIT
22
Onity Group
ONIT
$296M
$171M 1.26%
307,600
+237,933
+342% +$129M
JWN
23
DELISTED
Nordstrom
JWN
$168M 1.24%
2,479,497
-162,000
-6% -$10.5M
GS icon
24
Goldman Sachs
GS
$301B
$161M 1.18%
+960,000
New +$155M
QCOM icon
25
Qualcomm
QCOM
$175B
$160M 1.18%
2,025,000
-600,000
-23% -$47.7M
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.