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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
+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

Top Buys

Rank Stock Value
1
TEVA icon
Teva Pharmaceuticals
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
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
MAR icon
1
Marriott International
MAR
$91.5B
$903M 7.49%
10,923,639
– –
BEN icon
2
Franklin Templeton
BEN
$17.6B
$853M 7.08%
21,558,084
+2,200,000
+11% +$82.4M
HLT icon
3
Hilton Worldwide
HLT
$72.4B
$768M 6.37%
9,409,250
+4,979
+0.1% +$366K
MCD icon
4
CALL
McDonald's
MCD
$188B
$615M 5.11%
5,056,000
– –
TEVA icon
5
Teva Pharmaceuticals
TEVA
$42.5B
$611M 5.07%
16,867,447
+8,686,905
+106% +$347M
AMT icon
6
American Tower
AMT
$82.1B
$599M 4.97%
5,665,186
+2,312,886
+69% +$251M
DD
7
DELISTED
Du Pont De Nemours E I
DD
$573M 4.75%
7,807,126
– –
MON
8
DELISTED
Monsanto Co
MON
$389M 3.23%
3,699,342
+150,000
+4% +$15.4M
ABBV icon
9
AbbVie
ABBV
$451B
$372M 3.09%
5,948,258
-2,014,581
-25% -$123M
TWX
10
DELISTED
Time Warner Inc
TWX
$327M 2.71%
3,385,770
+1,970,770
+139% +$175M
FDX icon
11
FedEx
FDX
$78.3B
$302M 2.5%
+1,621,385
New +$298M
BEAV
12
DELISTED
B/E Aerospace Inc
BEAV
$286M 2.38%
4,758,200
– –
IVZ icon
13
Invesco
IVZ
$14.5B
$281M 2.33%
+9,251,339
New +$285M
PPLI
14
People Inc
PPLI
$2.91B
$273M 2.27%
23,591,240
-1,229,417
-5% -$14.4M
PARA
15
DELISTED
Paramount Global Class B
PARA
$266M 2.21%
4,183,030
+256,657
+7% +$15.2M
GOOG icon
16
Alphabet (Google) Class C
GOOG
$4.19T
$256M 2.12%
6,630,820
-5,866,760
-47% -$229M
CTSH icon
17
Cognizant
CTSH
$28.8B
$253M 2.1%
+4,519,280
New +$242M
GOOGL icon
18
Alphabet (Google) Class A
GOOGL
$4.24T
$248M 2.06%
6,258,520
-2,019,540
-24% -$80.7M
MIK
19
DELISTED
Michaels Stores, Inc
MIK
$238M 1.98%
11,655,875
+600,902
+5% +$14M
WBA
20
DELISTED
Walgreens Boots Alliance
WBA
$203M 1.68%
2,451,621
-547,078
-18% -$45.2M
ICE icon
21
Intercontinental Exchange
ICE
$91.1B
$170M 1.41%
3,012,115
-452,235
-13% -$25M
XLI icon
22
State Street Industrial Select Sector SPDR ETF
XLI
$32.9B
$168M 1.39%
2,700,000
+422,600
+19% +$25.5M
MSFT icon
23
Microsoft
MSFT
$3.81T
$155M 1.29%
2,497,304
-26,371
-1% -$1.59M
KSU
24
DELISTED
Kansas City Southern
KSU
$137M 1.14%
1,620,000
+500,000
+45% +$44.1M
TSLA icon
25
Tesla
TSLA
$1.38T
$132M 1.1%
9,272,865
+900,000
+11% +$11.8M
1
2 3 4

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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 Pharmaceuticals 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.