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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
+2.25%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$11.2B
AUM Growth
-$552M
Cap. Flow
-$1.06B
Cap. Flow %
-9.49%
Top 10 Hldgs %
57.98%
Holding
92
New
17
Increased
5
Reduced
14
Closed
20

Top Buys

Rank Stock Value
1
MCD icon
McDonald's
MCD
+$857M
2
PRGO icon
Perrigo
PRGO
+$176M
3
IBM icon
IBM
IBM
+$151M
4
DD
Du Pont De Nemours E I
DD
+$98.4M
5
MSFT icon
Microsoft
MSFT
+$95.6M

Top Sells

Rank Stock Value
1
DLTR icon
Dollar Tree
DLTR
+$371M
2
MON
Monsanto Co
MON
+$359M
3
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
+$245M
4
FDO
FAMILY DOLLAR STORES
FDO
+$215M
5
AGN
Allergan Inc
AGN
+$183M

Sector Composition

Rank Sector Weight
1 Financials 23.25%
2 Technology 15.1%
3 Consumer Discretionary 14.62%
4 Communication Services 11.74%
5 Energy 8.19%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DTV
1
DELISTED
DIRECTV COM STK (DE)
DTV
$1.03B 9.21%
12,137,261
– –
MCD icon
2
McDonald's
MCD
$181B
$956M 8.52%
9,806,691
+9,038,183
+1,176% +$857M
BEN icon
3
Franklin Templeton
BEN
$17.6B
$783M 6.98%
15,250,597
– –
MHFI
4
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
$779M 6.95%
7,532,100
-1,166,851
-13% -$115M
ICE icon
5
Intercontinental Exchange
ICE
$90.5B
$776M 6.92%
16,635,765
-2,378,120
-13% -$107M
PARA
6
DELISTED
Paramount Global Class B
PARA
$582M 5.19%
9,602,261
– –
MCD icon
7
CALL
McDonald's
MCD
$181B
$417M 3.72%
+4,282,300
New +$406M
MSFT icon
8
Microsoft
MSFT
$3.71T
$412M 3.68%
10,142,747
+2,195,000
+28% +$95.6M
APC
9
DELISTED
Anadarko Petroleum
APC
$386M 3.44%
4,664,766
+655,000
+16% +$53.6M
EBAY icon
10
eBay
EBAY
$46B
$378M 3.37%
15,562,800
– –
APD icon
11
Air Products & Chemicals
APD
$67.1B
$345M 3.07%
2,462,202
-767,510
-24% -$106M
TEVA icon
12
Teva Pharmaceuticals
TEVA
$42.4B
$317M 2.83%
5,085,905
– –
TWC
13
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
$316M 2.82%
2,110,991
– –
ENB icon
14
Enbridge
ENB
$109B
$277M 2.47%
5,717,126
-363,200
-6% -$17.5M
WBA
15
DELISTED
Walgreens Boots Alliance
WBA
$241M 2.15%
2,842,204
-233,000
-8% -$18.6M
IRM icon
16
Iron Mountain
IRM
$34.8B
$225M 2.01%
6,165,295
-230,962
-4% -$8.92M
MIK
17
DELISTED
Michaels Stores, Inc
MIK
$222M 1.98%
8,422,683
-2,401,200
-22% -$64M
GOOG icon
18
Alphabet (Google) Class C
GOOG
$4.1T
$213M 1.9%
7,761,250
– –
HRI icon
19
Herc Holdings
HRI
$4.71B
$199M 1.78%
3,061,410
– –
PRGO icon
20
Perrigo
PRGO
$2.07B
$182M 1.63%
+1,101,478
New +$176M
IBM icon
21
IBM
IBM
$221B
$152M 1.36%
+993,700
New +$151M
MON
22
DELISTED
Monsanto Co
MON
$151M 1.35%
1,341,150
-3,019,650
-69% -$359M
IWO icon
23
iShares Russell 2000 Growth ETF
IWO
$14.7B
$127M 1.14%
840,000
– –
ISBC
24
DELISTED
Investors Bancorp, Inc.
ISBC
$109M 0.97%
9,286,906
– –
HOT
25
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
$106M 0.95%
1,275,000
+600,000
+89% +$46.9M
1
2 3 4

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Highfields Capital Management's Q1 2015 Portfolio in Review

As of Q1 2015, Highfields Capital Management held 92 positions worth $11.2B, down 4.7% from $11.8B the previous quarter. Its ten largest holdings account for 58% of the portfolio.

Highfields Capital Management withdrew a net $1.06B in Q1 2015, closing 20 positions and reducing 14 holdings. Its most notable exit was Dollar Tree, an estimated $371M position sold in full.

By sector, the portfolio is most concentrated in Financials at 23% of assets, down from 25% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Highfields Capital Management opened a new position in Perrigo worth $182M.

  • Highfields Capital Management's largest Q1 2015 buy was Perrigo: 1,101,478 shares worth $182M.
  • Highfields Capital Management added most to McDonald's in Q1 2015, an estimated $857M increase.
  • Highfields Capital Management's biggest Q1 2015 reduction was Monsanto Co, cutting an estimated $359M.
  • Highfields Capital Management fully exited Dollar Tree in Q1 2015, selling an estimated $371M.
  • Highfields Capital Management's ten largest holdings make up 58% of its $11.2B portfolio in Q1 2015.
  • Highfields Capital Management opened 17 new positions and closed 20 in Q1 2015.
  • Highfields Capital Management's portfolio value fell 4.7% quarter-over-quarter to $11.2B.

Based on Highfields Capital Management's 13F filing for Q1 2015, filed 15 May 2015.