We are live on
!
Find out more
HCM
Highfields Capital Management Portfolio holdings
AUM
$68.3M
Turnover
50%
1-Year Est. Return
21.64%
This Fund
S&P 500
This Quarter
Est. Return
+1.58%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$11.5B
AUM Growth
+$765M
(+7.1%)
Cap. Flow
+$378M
Cap. Flow
% of AUM
3.29%
Top 10 Holdings %
Top 10 Hldgs %
45.59%
Holding
91
New
18
Increased
16
Reduced
15
Closed
19
Avg Time Held Equity + Options
1
year
Top 10 Avg Time Held Equity + Options
0.5
years
Top 20 Avg Time Held Equity + Options
0.7
years
Avg Time Held Equity only
1.1
years
Top 10 Avg Time Held Equity only
0.6
years
Top 20 Avg Time Held Equity only
0.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Hilton Worldwide
HLT
|
+$468M |
| 2 |
Microsoft
MSFT
|
+$283M |
| 3 |
State Street Industrial Select Sector SPDR ETF
XLI
|
+$279M |
| 4 |
Teva Pharmaceutical Industries Limited
TEVA
|
+$211M |
| 5 |
Franklin Templeton
BEN
|
+$179M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
McDonald's
MCD
|
+$596M |
| 2 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$374M |
| 3 |
Paramount Global Class B
PARA
|
+$166M |
| 4 |
Walt Disney
DIS
|
+$162M |
| 5 |
BXLT
BAXALTA INC COM STK (DE)
BXLT
|
+$156M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 17.7% |
| 2 | Consumer Discretionary | 16.37% |
| 3 | Miscellaneous | 13.19% |
| 4 | Communication Services | 13.02% |
| 5 | Financials | 8.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Teva Pharmaceutical Industries Limited
TEVA
$48.3B
| $681M | 5.93% |
13,549,525
+3,958,375
| +41% | +$211M |
2014 Q1
9 quarters
|
|
2
Marriott International
MAR
$101B
| $612M | 5.33% |
9,211,306
+2,351,920
| +34% | +$158M |
2016 Q1
1 quarter
|
|
|
3
CALL
McDonald's
MCD
$172B
| $608M | 5.3% |
+5,056,000
| New | +$633M |
2016 Q2
0 quarters
|
|
4
DELISTED
Du Pont De Nemours E I
DD
| $536M | 4.67% |
8,278,105
-443,542
| -5% | -$29.1M |
2015 Q1
5 quarters
|
|
|
5
Franklin Templeton
BEN
$15.8B
| $533M | 4.64% |
15,974,407
+4,927,512
| +45% | +$179M |
2013 Q2
12 quarters
|
|
6
AbbVie
ABBV
$504B
| $493M | 4.3% |
7,962,839
| – | – |
2015 Q3
3 quarters
|
|
|
7
Hilton Worldwide
HLT
$77.4B
| $482M | 4.2% |
+7,137,458
| New | +$468M |
2016 Q2
0 quarters
|
|
8
Alphabet (Google) Class C
GOOG
$4.22T
| $432M | 3.77% |
12,497,580
+553,220
| +5% | +$19.9M |
2014 Q2
8 quarters
|
|
9
Williams Companies
WMB
$84.7B
| $431M | 3.76% |
19,927,441
+1,011,080
| +5% | +$20.3M |
2015 Q3
3 quarters
|
|
10
DELISTED
Walgreens Boots Alliance
WBA
| $423M | 3.68% |
5,079,009
+644,647
| +15% | +$52M |
2014 Q2
8 quarters
|
|
11
American Tower
AMT
$84.3B
| $381M | 3.32% |
3,352,300
| – | – |
2015 Q3
3 quarters
|
|
12
People Inc
PPLI
$3B
| $314M | 2.73% |
31,189,176
+2,557,593
| +9% | +$23.7M |
2015 Q2
4 quarters
|
|
|
MIK
13
DELISTED
Michaels Stores, Inc
MIK
| $292M | 2.54% |
10,263,973
-2,365
| -0% | -$66.8K |
2014 Q3
7 quarters
|
|
14
Alphabet (Google) Class A
GOOGL
$4.27T
| $291M | 2.54% |
8,278,060
-693,220
| -8% | -$25.4M |
2015 Q3
3 quarters
|
|
|
15
DELISTED
Paramount Global Class B
PARA
| $285M | 2.48% |
5,238,883
-3,058,180
| -37% | -$166M |
2014 Q2
8 quarters
|
|
|
16
State Street Industrial Select Sector SPDR ETF
XLI
$30.5B
| $280M | 2.44% |
+5,000,000
| New | +$279M |
2016 Q2
0 quarters
|
|
|
17
Microsoft
MSFT
$4.02T
| $279M | 2.43% |
+5,451,210
| New | +$283M |
2016 Q2
0 quarters
|
|
|
BEAV
18
DELISTED
B/E Aerospace Inc
BEAV
| $220M | 1.91% |
4,758,200
| – | – |
2015 Q3
3 quarters
|
|
19
Herc Holdings
HRI
$4.14B
| $216M | 1.88% |
6,510,543
+3,175,164
| +95% | +$91.2M |
2014 Q2
8 quarters
|
|
20
Pfizer
PFE
$169B
| $206M | 1.8% |
6,179,208
| – | – |
2016 Q1
1 quarter
|
|
21
Intercontinental Exchange
ICE
$88.9B
| $195M | 1.7% |
3,814,350
-3,036,500
| -44% | -$153M |
2013 Q2
12 quarters
|
|
22
DELISTED
EMC CORPORATION
EMC
| $193M | 1.68% |
7,100,994
-2,779,340
| -28% | -$75.1M |
2015 Q2
4 quarters
|
|
23
PUT
Tesla
TSLA
$1.43T
| $191M | 1.66% |
13,500,000
+9,750,000
| +260% | +$148M |
2016 Q1
1 quarter
|
|
24
PUT
ExxonMobil
XOM
$717B
| $187M | 1.63% |
+2,000,000
| New | +$177M |
2016 Q2
0 quarters
|
|
|
HOT
25
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $184M | 1.6% |
2,486,946
+200,600
| +9% | +$15.4M |
2014 Q2
8 quarters
|
|
Similar funds
AFNAS
PP
HCS
VF
DP
KCP
TCMV
SCG
Highfields Capital Management's Q2 2016 Portfolio in Review
As of Q2 2016, Highfields Capital Management held 91 positions worth $11.5B, up 7.1% from $10.7B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Highfields Capital Management deployed $378M of net new capital in Q2 2016, opening 18 new positions and adding to 16 existing holdings. Its largest new stake was Hilton Worldwide: 7,137,458 shares worth $482M.
By sector, the portfolio is most concentrated in Healthcare at 18% of assets, up from 16% a quarter earlier, followed by Consumer Discretionary and Miscellaneous.
On the sell side, the largest reduction was Paramount Global Class B, an estimated $166M trimmed.
- Highfields Capital Management's largest Q2 2016 buy was Hilton Worldwide: 7,137,458 shares worth $482M.
- Highfields Capital Management added most to Teva Pharmaceutical Industries Limited in Q2 2016, an estimated $211M increase.
- Highfields Capital Management's biggest Q2 2016 reduction was Paramount Global Class B, cutting an estimated $166M.
- Highfields Capital Management fully exited McDonald's in Q2 2016, selling an estimated $596M.
- Highfields Capital Management's ten largest holdings make up 46% of its $11.5B portfolio in Q2 2016.
- Highfields Capital Management opened 18 new positions and closed 19 in Q2 2016.
- Highfields Capital Management's portfolio value rose 7.1% quarter-over-quarter to $11.5B.
Based on Highfields Capital Management's 13F filing for Q2 2016, filed 15 Aug 2016.