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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
DTV
1
DELISTED
DIRECTV COM STK (DE)
DTV
$920M 7.18%
10,637,261
– –
BEN icon
2
Franklin Templeton
BEN
$17.6B
$777M 6.06%
14,233,345
– –
ICE icon
3
Intercontinental Exchange
ICE
$90.5B
$742M 5.78%
19,013,885
– –
MHFI
4
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
$735M 5.73%
8,698,951
– –
MON
5
DELISTED
Monsanto Co
MON
$568M 4.43%
5,048,756
-199,044
-4% -$23.3M
APD icon
6
Air Products & Chemicals
APD
$67.1B
$518M 4.04%
4,304,391
+161,346
+4% +$19.7M
IRM icon
7
Iron Mountain
IRM
$34.8B
$502M 3.91%
15,371,726
+3,680,253
+31% +$119M
DLTR icon
8
Dollar Tree
DLTR
$24.7B
$474M 3.7%
8,459,952
+6,009,275
+245% +$331M
TWC
9
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
$410M 3.2%
2,858,645
– –
CNQ icon
10
Canadian Natural Resources
CNQ
$104B
$381M 2.97%
20,279,839
-18,287,514
-47% -$378M
MSFT icon
11
Microsoft
MSFT
$3.71T
$368M 2.87%
7,947,747
– –
HRI icon
12
Herc Holdings
HRI
$4.71B
$355M 2.77%
4,660,842
+1,565,842
+51% +$134M
TEVA icon
13
Teva Pharmaceuticals
TEVA
$42.4B
$343M 2.67%
6,373,000
+186,000
+3% +$9.85M
ENB icon
14
Enbridge
ENB
$109B
$302M 2.35%
+6,301,126
New +$311M
EBAY icon
15
eBay
EBAY
$46B
$266M 2.08%
11,167,200
– –
ONIT
16
Onity Group
ONIT
$296M
$227M 1.77%
578,267
+270,667
+88% +$122M
ASH icon
17
Ashland
ASH
$3.34B
$220M 1.72%
4,326,645
-1,180,684
-21% -$61.5M
TWX
18
DELISTED
Time Warner Inc
TWX
$211M 1.64%
+2,799,264
New +$217M
FDO
19
DELISTED
FAMILY DOLLAR STORES
FDO
$210M 1.64%
2,718,040
+2,000,000
+279% +$147M
THI
20
DELISTED
TIM HORTONS INC COM, CANADA
THI
$181M 1.41%
2,290,956
– –
MIK
21
DELISTED
Michaels Stores, Inc
MIK
$177M 1.38%
+10,823,877
New +$178M
GS icon
22
Goldman Sachs
GS
$302B
$176M 1.37%
960,000
– –
AGN
23
DELISTED
Allergan Inc
AGN
$173M 1.35%
969,662
+340,619
+54% +$56.6M
HOT
24
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
$169M 1.32%
2,033,000
+1,645,000
+424% +$136M
WBA
25
DELISTED
Walgreens Boots Alliance
WBA
$168M 1.31%
2,840,922
+2,520,718
+787% +$165M
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.