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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
+1.7%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$13.5B
AUM Growth
+$2.72B
Cap. Flow
+$1.83B
Cap. Flow %
13.55%
Top 10 Hldgs %
50.49%
Holding
83
New
16
Increased
21
Reduced
12
Closed
12

Top Buys

Rank Stock Value
1
QQQ icon
Invesco QQQ Trust
QQQ
+$966M
2
HDS
HD Supply Holdings, Inc.
HDS
+$358M
3
BHI
Baker Hughes
BHI
+$349M
4
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
+$224M
5
TWX
Time Warner Inc
TWX
+$200M

Top Sells

Rank Stock Value
1
AMT icon
American Tower
AMT
+$408M
2
BEAV
B/E Aerospace Inc
BEAV
+$305M
3
CCEP icon
Coca-Cola Europacific Partners
CCEP
+$140M
4
YHOO
Yahoo Inc
YHOO
+$139M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$131M

Sector Composition

Rank Sector Weight
1 Miscellaneous 17.52%
2 Consumer Discretionary 15.36%
3 Communication Services 14.23%
4 Financials 12.36%
5 Healthcare 9.71%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BEN icon
1
Franklin Templeton
BEN
$17.6B
$983M 7.28%
21,950,818
-180,758
-0.8% -$7.72M
QQQ icon
2
Invesco QQQ Trust
QQQ
$489B
$967M 7.16%
+7,025,000
New +$966M
MAR icon
3
Marriott International
MAR
$91.5B
$842M 6.24%
8,394,764
-263,031
-3% -$26.3M
TEVA icon
4
Teva Pharmaceuticals
TEVA
$42.5B
$710M 5.26%
21,375,914
+3,657,564
+21% +$113M
FDX icon
5
FedEx
FDX
$78.3B
$659M 4.88%
3,032,977
+214,902
+8% +$42.4M
MON
6
DELISTED
Monsanto Co
MON
$605M 4.48%
5,113,138
+434,413
+9% +$50.7M
HLT icon
7
Hilton Worldwide
HLT
$72.4B
$575M 4.26%
9,290,148
-135,000
-1% -$8.4M
TWX
8
DELISTED
Time Warner Inc
TWX
$557M 4.13%
5,551,565
+2,022,241
+57% +$200M
QQQ icon
9
PUT
Invesco QQQ Trust
QQQ
$489B
$523M 3.87%
+3,800,000
New +$523M
DD
10
DELISTED
Du Pont De Nemours E I
DD
$396M 2.93%
4,910,364
– –
TV icon
11
Televisa
TV
$1.45B
$363M 2.69%
14,877,758
+6,035,558
+68% +$150M
TGT icon
12
Target
TGT
$74.1B
$332M 2.46%
6,351,195
+1,299,497
+26% +$71M
BHI
13
DELISTED
Baker Hughes
BHI
$331M 2.45%
+6,064,569
New +$349M
AMT icon
14
American Tower
AMT
$82.1B
$329M 2.44%
2,485,236
-3,187,007
-56% -$408M
MIK
15
DELISTED
Michaels Stores, Inc
MIK
$328M 2.43%
17,712,034
+3,545,106
+25% +$73.8M
HDS
16
DELISTED
HD Supply Holdings, Inc.
HDS
$290M 2.15%
+9,481,273
New +$358M
IVZ icon
17
Invesco
IVZ
$14.5B
$290M 2.15%
8,241,230
– –
TFCFA
18
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$221M 1.63%
+7,784,800
New +$224M
GOOGL icon
19
Alphabet (Google) Class A
GOOGL
$4.24T
$220M 1.63%
4,740,860
-1,517,660
-24% -$71M
HCA icon
20
HCA Healthcare
HCA
$90.5B
$207M 1.53%
2,373,443
+506,413
+27% +$42.8M
XLI icon
21
State Street Industrial Select Sector SPDR ETF
XLI
$32.9B
$184M 1.36%
2,700,000
– –
EGN
22
DELISTED
Energen
EGN
$181M 1.34%
3,668,996
+868,996
+31% +$46.4M
ICE icon
23
Intercontinental Exchange
ICE
$91.1B
$173M 1.28%
2,626,115
-386,000
-13% -$23.7M
VZ icon
24
Verizon
VZ
$208B
$171M 1.27%
3,837,000
+766,477
+25% +$35.7M
CVE icon
25
Cenovus Energy
CVE
$58.2B
$159M 1.18%
21,625,000
+4,583,334
+27% +$42.5M
1
2 3 4

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HCS
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VF
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TCMV
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Highfields Capital Management's Q2 2017 Portfolio in Review

As of Q2 2017, Highfields Capital Management held 83 positions worth $13.5B, up 25% from $10.8B the previous quarter. Its ten largest holdings account for 50% of the portfolio.

Highfields Capital Management deployed $1.83B of net new capital in Q2 2017, opening 16 new positions and adding to 21 existing holdings. Its largest new stake was Invesco QQQ Trust: 7,025,000 shares worth $967M.

By sector, the portfolio is most concentrated in Miscellaneous at 18% of assets, up from 7.2% a quarter earlier, followed by Consumer Discretionary and Communication Services.

On the sell side, the largest reduction was American Tower, an estimated $408M trimmed.

  • Highfields Capital Management's largest Q2 2017 buy was Invesco QQQ Trust: 7,025,000 shares worth $967M.
  • Highfields Capital Management added most to Time Warner Inc in Q2 2017, an estimated $200M increase.
  • Highfields Capital Management's biggest Q2 2017 reduction was American Tower, cutting an estimated $408M.
  • Highfields Capital Management fully exited B/E Aerospace Inc in Q2 2017, selling an estimated $305M.
  • Highfields Capital Management's ten largest holdings make up 50% of its $13.5B portfolio in Q2 2017.
  • Highfields Capital Management opened 16 new positions and closed 12 in Q2 2017.
  • Highfields Capital Management's portfolio value rose 25% quarter-over-quarter to $13.5B.

Based on Highfields Capital Management's 13F filing for Q2 2017, filed 14 Aug 2017.