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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
+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
Cap. Flow
+$378M
Cap. Flow %
3.29%
Top 10 Hldgs %
45.59%
Holding
91
New
18
Increased
16
Reduced
15
Closed
19

Top Buys

Rank Stock Value
1
HLT icon
Hilton Worldwide
HLT
+$468M
2
MSFT icon
Microsoft
MSFT
+$283M
3
XLI icon
State Street Industrial Select Sector SPDR ETF
XLI
+$279M
4
TEVA icon
Teva Pharmaceuticals
TEVA
+$211M
5
BEN icon
Franklin Templeton
BEN
+$179M

Top Sells

Rank Stock Value
1
MCD icon
McDonald's
MCD
+$596M
2
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
+$374M
3
PARA
Paramount Global Class B
PARA
+$166M
4
DIS icon
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
TEVA icon
1
Teva Pharmaceuticals
TEVA
$42.5B
$681M 5.93%
13,549,525
+3,958,375
+41% +$211M
MAR icon
2
Marriott International
MAR
$91.5B
$612M 5.33%
9,211,306
+2,351,920
+34% +$158M
MCD icon
3
CALL
McDonald's
MCD
$188B
$608M 5.3%
+5,056,000
New +$633M
DD
4
DELISTED
Du Pont De Nemours E I
DD
$536M 4.67%
8,278,105
-443,542
-5% -$29.1M
BEN icon
5
Franklin Templeton
BEN
$17.6B
$533M 4.64%
15,974,407
+4,927,512
+45% +$179M
ABBV icon
6
AbbVie
ABBV
$451B
$493M 4.3%
7,962,839
– –
HLT icon
7
Hilton Worldwide
HLT
$72.4B
$482M 4.2%
+7,137,458
New +$468M
GOOG icon
8
Alphabet (Google) Class C
GOOG
$4.19T
$432M 3.77%
12,497,580
+553,220
+5% +$19.9M
WMB icon
9
Williams Companies
WMB
$90.2B
$431M 3.76%
19,927,441
+1,011,080
+5% +$20.3M
WBA
10
DELISTED
Walgreens Boots Alliance
WBA
$423M 3.68%
5,079,009
+644,647
+15% +$52M
AMT icon
11
American Tower
AMT
$82.1B
$381M 3.32%
3,352,300
– –
PPLI
12
People Inc
PPLI
$2.91B
$314M 2.73%
31,189,176
+2,557,593
+9% +$23.7M
MIK
13
DELISTED
Michaels Stores, Inc
MIK
$292M 2.54%
10,263,973
-2,365
-0% -$66.8K
GOOGL icon
14
Alphabet (Google) Class A
GOOGL
$4.24T
$291M 2.54%
8,278,060
-693,220
-8% -$25.4M
PARA
15
DELISTED
Paramount Global Class B
PARA
$285M 2.48%
5,238,883
-3,058,180
-37% -$166M
XLI icon
16
State Street Industrial Select Sector SPDR ETF
XLI
$32.9B
$280M 2.44%
+5,000,000
New +$279M
MSFT icon
17
Microsoft
MSFT
$3.81T
$279M 2.43%
+5,451,210
New +$283M
BEAV
18
DELISTED
B/E Aerospace Inc
BEAV
$220M 1.91%
4,758,200
– –
HRI icon
19
Herc Holdings
HRI
$5.03B
$216M 1.88%
6,510,543
+3,175,164
+95% +$91.2M
PFE icon
20
Pfizer
PFE
$159B
$206M 1.8%
6,179,208
– –
ICE icon
21
Intercontinental Exchange
ICE
$91.1B
$195M 1.7%
3,814,350
-3,036,500
-44% -$153M
EMC
22
DELISTED
EMC CORPORATION
EMC
$193M 1.68%
7,100,994
-2,779,340
-28% -$75.1M
TSLA icon
23
PUT
Tesla
TSLA
$1.38T
$191M 1.66%
13,500,000
+9,750,000
+260% +$148M
XOM icon
24
PUT
ExxonMobil
XOM
$644B
$187M 1.63%
+2,000,000
New +$177M
HOT
25
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
$184M 1.6%
2,486,946
+200,600
+9% +$15.4M
1
2 3 4

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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 Pharmaceuticals 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.