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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
+6.08%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$9.09B
AUM Growth
-$1.95B
Cap. Flow
-$2.79B
Cap. Flow %
-30.65%
Top 10 Hldgs %
54.24%
Holding
77
New
17
Increased
10
Reduced
17
Closed
20

Top Buys

Rank Stock Value
1
NXPI icon
NXP Semiconductors
NXPI
+$788M
2
CVS icon
CVS Health
CVS
+$253M
3
CHTR icon
Charter Communications
CHTR
+$211M
4
META icon
Meta Platforms (Facebook)
META
+$106M
5
AET
Aetna Inc
AET
+$81.6M

Top Sells

Rank Stock Value
1
TWX
Time Warner Inc
TWX
+$1.17B
2
MON
Monsanto Co
MON
+$845M
3
HCA icon
HCA Healthcare
HCA
+$449M
4
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
+$279M
5
EXPE icon
Expedia Group
EXPE
+$239M

Sector Composition

Rank Sector Weight
1 Communication Services 33.14%
2 Healthcare 14.38%
3 Consumer Discretionary 12.13%
4 Financials 10.36%
5 Technology 9.05%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NXPI icon
1
NXP Semiconductors
NXPI
$57.5B
$781M 8.59%
+7,145,664
New +$788M
CMCSA icon
2
Comcast
CMCSA
$94B
$669M 7.36%
20,401,445
-2,614,934
-11% -$85.2M
TEVA icon
3
Teva Pharmaceuticals
TEVA
$42.4B
$659M 7.25%
27,099,633
-10,117,250
-27% -$206M
AET
4
DELISTED
Aetna Inc
AET
$612M 6.73%
3,333,292
+457,595
+16% +$81.6M
DIS icon
5
Walt Disney
DIS
$182B
$473M 5.2%
4,512,676
+363,856
+9% +$37.2M
HLT icon
6
Hilton Worldwide
HLT
$70B
$449M 4.94%
5,671,959
-814,932
-13% -$66.3M
GOOGL icon
7
Alphabet (Google) Class A
GOOGL
$4.14T
$438M 4.82%
7,759,880
+1,019,020
+15% +$55.4M
TV icon
8
Televisa
TV
$1.39B
$355M 3.91%
18,755,292
-329,465
-2% -$5.83M
FDX icon
9
FedEx
FDX
$76.3B
$248M 2.73%
1,093,670
-505,844
-32% -$125M
CVS icon
10
CVS Health
CVS
$124B
$247M 2.72%
+3,836,256
New +$253M
MAR icon
11
Marriott International
MAR
$87.8B
$245M 2.7%
1,935,681
– –
CHTR icon
12
Charter Communications
CHTR
$18.1B
$240M 2.64%
820,065
+733,000
+842% +$211M
TFCFA
13
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$238M 2.62%
4,797,969
-7,056,869
-60% -$279M
MIK
14
DELISTED
Michaels Stores, Inc
MIK
$235M 2.58%
12,247,307
+457,330
+4% +$8.7M
BEN icon
15
Franklin Templeton
BEN
$17.6B
$227M 2.5%
7,079,702
– –
GOOG icon
16
Alphabet (Google) Class C
GOOG
$4.1T
$226M 2.49%
4,058,040
+656,120
+19% +$35.5M
TSLA icon
17
PUT
Tesla
TSLA
$1.4T
$223M 2.45%
9,750,000
+6,000,000
+160% +$122M
AXTA icon
18
Axalta
AXTA
$7.66B
$218M 2.4%
7,183,979
-315,000
-4% -$9.88M
EQT icon
19
EQT Corp
EQT
$34.5B
$213M 2.34%
7,077,101
+498,477
+8% +$13.9M
CCEP icon
20
Coca-Cola Europacific Partners
CCEP
$46.7B
$186M 2.04%
4,568,173
-621,303
-12% -$24.5M
IWO icon
21
iShares Russell 2000 Growth ETF
IWO
$14.7B
$172M 1.89%
840,000
– –
CVE icon
22
Cenovus Energy
CVE
$59.7B
$162M 1.78%
15,576,113
– –
SHPG
23
DELISTED
Shire pic
SHPG
$123M 1.35%
727,200
-67,800
-9% -$10.9M
LBTYA icon
24
Liberty Global Class A
LBTYA
$3.62B
$123M 1.35%
4,452,000
+462,000
+12% +$13.9M
META icon
25
Meta Platforms (Facebook)
META
$1.57T
$114M 1.26%
+587,500
New +$106M
1
2 3 4

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Highfields Capital Management's Q2 2018 Portfolio in Review

As of Q2 2018, Highfields Capital Management held 77 positions worth $9.09B, down 18% from $11B the previous quarter. Its ten largest holdings account for 54% of the portfolio.

Highfields Capital Management withdrew a net $2.79B in Q2 2018, closing 20 positions and reducing 17 holdings. Its most notable exit was Time Warner Inc, an estimated $1.17B position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 33% of assets, down from 35% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Highfields Capital Management opened a new position in NXP Semiconductors worth $781M.

  • Highfields Capital Management's largest Q2 2018 buy was NXP Semiconductors: 7,145,664 shares worth $781M.
  • Highfields Capital Management added most to Charter Communications in Q2 2018, an estimated $211M increase.
  • Highfields Capital Management's biggest Q2 2018 reduction was HCA Healthcare, cutting an estimated $449M.
  • Highfields Capital Management fully exited Time Warner Inc in Q2 2018, selling an estimated $1.17B.
  • Highfields Capital Management's ten largest holdings make up 54% of its $9.09B portfolio in Q2 2018.
  • Highfields Capital Management opened 17 new positions and closed 20 in Q2 2018.
  • Highfields Capital Management's portfolio value fell 18% quarter-over-quarter to $9.09B.

Based on Highfields Capital Management's 13F filing for Q2 2018, filed 14 Aug 2018.