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
+3.86%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$12.1B
AUM Growth
+$1.38B
Cap. Flow
+$973M
Cap. Flow %
8.08%
Top 10 Hldgs %
49.87%
Holding
85
New
13
Increased
20
Reduced
13
Closed
16
Avg Time Held Equity + Options
1.3 years
Top 10 Avg Time Held Equity + Options
0.9 years
Top 20 Avg Time Held Equity + Options
1 year
Avg Time Held Equity only
1.4 years
Top 10 Avg Time Held Equity only
0.9 years
Top 20 Avg Time Held Equity only
1.2 years

Top Buys

Rank Stock Value
1
TEVA icon
Teva Pharmaceutical Industries Limited
TEVA
+$347M
2
FDX icon
FedEx
FDX
+$298M
3
IVZ icon
Invesco
IVZ
+$285M
4
AMT icon
American Tower
AMT
+$251M
5
CTSH icon
Cognizant
CTSH
+$242M

Top Sells

Rank Stock Value
1
GOOG icon
Alphabet (Google) Class C
GOOG
+$229M
2
SU icon
Suncor Energy
SU
+$194M
3
APC icon
Anadarko Petroleum
APC
+$175M
4
WMB icon
Williams Companies
WMB
+$157M
5
CF icon
CF Industries
CF
+$156M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 19.37%
2 Communication Services 13.72%
3 Healthcare 13.72%
4 Financials 12.11%
5 Miscellaneous 10.24%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
MAR icon
1
Marriott International
MAR
$97B
$903M 7.49%
10,923,639
– –
2016 Q1
3 quarters
BEN icon
2
Franklin Templeton
BEN
$15.5B
$853M 7.08%
21,558,084
+2,200,000
+11% +$82.4M
2013 Q2
14 quarters
HLT icon
3
Hilton Worldwide
HLT
$73.8B
$768M 6.37%
9,409,250
+4,979
+0.1% +$366K
2016 Q2
2 quarters
MCD icon
4
CALL
McDonald's
MCD
$169B
$615M 5.11%
5,056,000
– –
2016 Q2
2 quarters
TEVA icon
5
Teva Pharmaceutical Industries Limited
TEVA
$47.5B
$611M 5.07%
16,867,447
+8,686,905
+106% +$347M
2014 Q1
11 quarters
AMT icon
6
American Tower
AMT
$83.6B
$599M 4.97%
5,665,186
+2,312,886
+69% +$251M
2015 Q3
5 quarters
DD icon
7
DELISTED
Du Pont De Nemours E I
DD
$573M 4.75%
7,807,126
– –
2015 Q1
7 quarters
MON
8
DELISTED
Monsanto Co
MON
$389M 3.23%
3,699,342
+150,000
+4% +$15.4M
2016 Q2
2 quarters
ABBV icon
9
AbbVie
ABBV
$501B
$372M 3.09%
5,948,258
-2,014,581
-25% -$123M
2015 Q3
5 quarters
TWX
10
DELISTED
Time Warner Inc
TWX
$327M 2.71%
3,385,770
+1,970,770
+139% +$175M
2016 Q1
3 quarters
FDX icon
11
FedEx
FDX
$68.9B
$302M 2.5%
+1,621,385
New +$298M
2016 Q4
0 quarters
BEAV
12
DELISTED
B/E Aerospace Inc
BEAV
$286M 2.38%
4,758,200
– –
2015 Q3
5 quarters
IVZ icon
13
Invesco
IVZ
$12.3B
$281M 2.33%
+9,251,339
New +$285M
2016 Q4
0 quarters
PPLI icon
14
People Inc
PPLI
$3.02B
$273M 2.27%
23,591,240
-1,229,417
-5% -$14.4M
2015 Q2
6 quarters
PARA icon
15
DELISTED
Paramount Global Class B
PARA
$266M 2.21%
4,183,030
+256,657
+7% +$15.2M
2014 Q2
10 quarters
GOOG icon
16
Alphabet (Google) Class C
GOOG
$4.2T
$256M 2.12%
6,630,820
-5,866,760
-47% -$229M
2014 Q2
10 quarters
CTSH icon
17
Cognizant
CTSH
$28.1B
$253M 2.1%
+4,519,280
New +$242M
2016 Q4
0 quarters
GOOGL icon
18
Alphabet (Google) Class A
GOOGL
$4.25T
$248M 2.06%
6,258,520
-2,019,540
-24% -$80.7M
2015 Q3
5 quarters
MIK
19
DELISTED
Michaels Stores, Inc
MIK
$238M 1.98%
11,655,875
+600,902
+5% +$14M
2014 Q3
9 quarters
WBA icon
20
DELISTED
Walgreens Boots Alliance
WBA
$203M 1.68%
2,451,621
-547,078
-18% -$45.2M
2014 Q2
10 quarters
ICE icon
21
Intercontinental Exchange
ICE
$87.1B
$170M 1.41%
3,012,115
-452,235
-13% -$25M
2013 Q2
14 quarters
XLI icon
22
State Street Industrial Select Sector SPDR ETF
XLI
$30.5B
$168M 1.39%
2,700,000
+422,600
+19% +$25.5M
2016 Q2
2 quarters
MSFT icon
23
Microsoft
MSFT
$3.96T
$155M 1.29%
2,497,304
-26,371
-1% -$1.59M
2016 Q2
2 quarters
KSU
24
DELISTED
Kansas City Southern
KSU
$137M 1.14%
1,620,000
+500,000
+45% +$44.1M
2015 Q4
4 quarters
TSLA icon
25
Tesla
TSLA
$1.45T
$132M 1.1%
9,272,865
+900,000
+11% +$11.8M
2014 Q4
8 quarters
1
2 3 4

Similar funds

AFNAS
American Financial Network Advisory Services Calabasas, California $67M AUM 1.63% 1-Year Est. Return
PP
Pension Partners New York $72.6M AUM
HCS
Harvest Capital Strategies San Francisco, California $73.7M AUM 7.47% 1-Year Est. Return
VF
Vilas Fund Chicago, Illinois $74.3M AUM 13.22% 1-Year Est. Return
DP
DW Partners New York $62.3M AUM 25.52% 1-Year Est. Return
KCP
Kenmare Capital Partners New York $76M AUM 3.89% 1-Year Est. Return
TCMV
Technology Crossover Management VI Menlo Park, California $59.6M AUM 18.81% 1-Year Est. Return
SCG
Saban Capital Group Los Angeles, California $59.5M AUM 3.83% 1-Year Est. Return

Highfields Capital Management's Q4 2016 Portfolio in Review

As of Q4 2016, Highfields Capital Management held 85 positions worth $12.1B, up 13% from $10.7B the previous quarter. Its ten largest holdings account for 50% of the portfolio.

Highfields Capital Management deployed $973M of net new capital in Q4 2016, opening 13 new positions and adding to 20 existing holdings. Its largest new stake was FedEx: 1,621,385 shares worth $302M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 19% of assets, up from 19% a quarter earlier, followed by Communication Services and Healthcare.

On the sell side, the largest reduction was Alphabet (Google) Class C, an estimated $229M trimmed.

  • Highfields Capital Management's largest Q4 2016 buy was FedEx: 1,621,385 shares worth $302M.
  • Highfields Capital Management added most to Teva Pharmaceutical Industries Limited in Q4 2016, an estimated $347M increase.
  • Highfields Capital Management's biggest Q4 2016 reduction was Alphabet (Google) Class C, cutting an estimated $229M.
  • Highfields Capital Management fully exited Suncor Energy in Q4 2016, selling an estimated $194M.
  • Highfields Capital Management's ten largest holdings make up 50% of its $12.1B portfolio in Q4 2016.
  • Highfields Capital Management opened 13 new positions and closed 16 in Q4 2016.
  • Highfields Capital Management's portfolio value rose 13% quarter-over-quarter to $12.1B.

Based on Highfields Capital Management's 13F filing for Q4 2016, filed 14 Feb 2017.