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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
-9.5%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$11.3B
AUM Growth
+$200M
Cap. Flow
+$1.41B
Cap. Flow %
12.43%
Top 10 Hldgs %
51.8%
Holding
98
New
22
Increased
17
Reduced
12
Closed
20

Top Buys

Rank Stock Value
1
DD
Du Pont De Nemours E I
DD
+$538M
2
PARA
Paramount Global Class B
PARA
+$421M
3
AMT icon
American Tower
AMT
+$313M
4
TEVA icon
Teva Pharmaceuticals
TEVA
+$248M
5
MSFT icon
Microsoft
MSFT
+$229M

Top Sells

Rank Stock Value
1
DTV
DIRECTV COM STK (DE)
DTV
+$1.13B
2
MHFI
MCGRAW-HILL FINANCIAL INC COM
MHFI
+$192M
3
GOOG icon
Alphabet (Google) Class C
GOOG
+$190M
4
MON
Monsanto Co
MON
+$143M
5
ICE icon
Intercontinental Exchange
ICE
+$132M

Sector Composition

Rank Sector Weight
1 Financials 16.88%
2 Communication Services 15.85%
3 Consumer Discretionary 15.46%
4 Healthcare 12.18%
5 Technology 8.32%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MCD icon
1
McDonald's
MCD
$181B
$1.16B 10.24%
11,780,598
+1,973,907
+20% +$192M
PARA
2
DELISTED
Paramount Global Class B
PARA
$730M 6.44%
18,285,819
+8,683,558
+90% +$421M
MSFT icon
3
Microsoft
MSFT
$3.71T
$688M 6.07%
15,542,446
+5,099,699
+49% +$229M
BEN icon
4
Franklin Templeton
BEN
$17.6B
$643M 5.68%
17,265,432
+1,400,000
+9% +$60.6M
DD
5
DELISTED
Du Pont De Nemours E I
DD
$552M 4.87%
11,449,826
+10,070,579
+730% +$538M
ICE icon
6
Intercontinental Exchange
ICE
$90.5B
$530M 4.68%
11,280,765
-2,845,165
-20% -$132M
TEVA icon
7
Teva Pharmaceuticals
TEVA
$42.4B
$468M 4.13%
8,292,904
+3,824,550
+86% +$248M
MHFI
8
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
$391M 3.45%
4,524,820
-1,948,951
-30% -$192M
PRGO icon
9
Perrigo
PRGO
$2.07B
$383M 3.38%
2,433,629
+525,525
+28% +$96.4M
TWC
10
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
$325M 2.87%
1,810,991
+400,000
+28% +$74.7M
AMT icon
11
American Tower
AMT
$81.9B
$292M 2.58%
+3,322,000
New +$313M
APC
12
DELISTED
Anadarko Petroleum
APC
$267M 2.36%
4,423,766
-241,000
-5% -$17.1M
APD icon
13
Air Products & Chemicals
APD
$67.1B
$244M 2.15%
2,067,206
-394,996
-16% -$50.3M
GOOG icon
14
Alphabet (Google) Class C
GOOG
$4.1T
$221M 1.95%
7,259,120
-6,186,000
-46% -$190M
WBA
15
DELISTED
Walgreens Boots Alliance
WBA
$218M 1.92%
2,618,568
– –
IRM icon
16
Iron Mountain
IRM
$34.8B
$191M 1.69%
6,165,295
– –
BEAV
17
DELISTED
B/E Aerospace Inc
BEAV
$189M 1.67%
+4,314,000
New +$215M
HRI icon
18
Herc Holdings
HRI
$4.71B
$182M 1.61%
3,633,077
+571,667
+19% +$29.9M
GOOGL icon
19
Alphabet (Google) Class A
GOOGL
$4.14T
$181M 1.6%
+5,686,000
New +$183M
ABBV icon
20
AbbVie
ABBV
$453B
$181M 1.6%
+3,325,000
New +$216M
HAL icon
21
Halliburton
HAL
$30.9B
$170M 1.5%
4,803,000
+2,260,000
+89% +$88.9M
HOT
22
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
$161M 1.42%
2,415,000
– –
EBAY icon
23
eBay
EBAY
$46B
$160M 1.41%
6,550,000
-4,260,800
-39% -$115M
ENB icon
24
Enbridge
ENB
$109B
$150M 1.33%
4,050,820
+296,294
+8% +$12.4M
MCD icon
25
CALL
McDonald's
MCD
$181B
$148M 1.3%
1,500,000
-819,900
-35% -$79.9M
1
2 3 4

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HCS
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Highfields Capital Management's Q3 2015 Portfolio in Review

As of Q3 2015, Highfields Capital Management held 98 positions worth $11.3B, up 1.8% from $11.1B the previous quarter. Its ten largest holdings account for 52% of the portfolio.

Highfields Capital Management deployed $1.41B of net new capital in Q3 2015, opening 22 new positions and adding to 17 existing holdings. Its largest new stake was American Tower: 3,322,000 shares worth $292M.

By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 21% a quarter earlier, followed by Communication Services and Consumer Discretionary.

On the sell side, the largest reduction was MCGRAW-HILL FINANCIAL INC COM, an estimated $192M trimmed.

  • Highfields Capital Management's largest Q3 2015 buy was American Tower: 3,322,000 shares worth $292M.
  • Highfields Capital Management added most to Du Pont De Nemours E I in Q3 2015, an estimated $538M increase.
  • Highfields Capital Management's biggest Q3 2015 reduction was MCGRAW-HILL FINANCIAL INC COM, cutting an estimated $192M.
  • Highfields Capital Management fully exited DIRECTV COM STK (DE) in Q3 2015, selling an estimated $1.13B.
  • Highfields Capital Management's ten largest holdings make up 52% of its $11.3B portfolio in Q3 2015.
  • Highfields Capital Management opened 22 new positions and closed 20 in Q3 2015.
  • Highfields Capital Management's portfolio value rose 1.8% quarter-over-quarter to $11.3B.

Based on Highfields Capital Management's 13F filing for Q3 2015, filed 10 Nov 2015.