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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
+10.23%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$727M
AUM Growth
-$1.4B
(-66%)
Cap. Flow
-$1.47B
Cap. Flow
% of AUM
-201.44%
Top 10 Holdings %
Top 10 Hldgs %
92.8%
Holding
24
New
–
Increased
1
Reduced
11
Closed
9
Avg Time Held Equity + Options
2.2
years
Top 10 Avg Time Held Equity + Options
0.6
years
Top 20 Avg Time Held Equity + Options
1.1
years
Avg Time Held Equity only
2.2
years
Top 10 Avg Time Held Equity only
0.6
years
Top 20 Avg Time Held Equity only
1.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$2.22M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Hilton Worldwide
HLT
|
+$268M |
| 2 |
Comcast
CMCSA
|
+$141M |
| 3 |
iShares Russell 2000 Growth ETF
IWO
|
+$135M |
| 4 |
Teva Pharmaceutical Industries Limited
TEVA
|
+$115M |
| 5 |
Charter Communications
CHTR
|
+$98.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 28.43% |
| 2 | Miscellaneous | 21.16% |
| 3 | Technology | 18.28% |
| 4 | Consumer Discretionary | 17.99% |
| 5 | Healthcare | 14.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Apple
AAPL
$5.01T
| $133M | 18.28% |
2,800,000
-1,200,000
| -30% | -$50.9M |
2018 Q4
1 quarter
|
|
|
2
Charter Communications
CHTR
$12B
| $128M | 17.65% |
370,065
-300,000
| -45% | -$98.8M |
2017 Q4
5 quarters
|
|
3
Invesco QQQ Trust
QQQ
$488B
| $87.7M | 12.06% |
488,100
-400,000
| -45% | -$67.9M |
2018 Q4
1 quarter
|
|
|
4
Teva Pharmaceutical Industries Limited
TEVA
$47.5B
| $83M | 11.41% |
5,295,102
-6,500,000
| -55% | -$115M |
2014 Q1
20 quarters
|
|
5
Televisa
TV
$1.25B
| $78.4M | 10.78% |
7,090,772
-6,321,626
| -47% | -$75.1M |
2013 Q3
22 quarters
|
|
6
Hilton Grand Vacations
HGV
$2.7B
| $43.6M | 5.99% |
1,413,397
-2,000,000
| -59% | -$61.3M |
2017 Q1
8 quarters
|
|
|
MIK
7
DELISTED
Michaels Stores, Inc
MIK
| $37.6M | 5.17% |
3,291,049
-4,000,000
| -55% | -$54.8M |
2014 Q3
18 quarters
|
|
8
MGM Resorts International
MGM
$7.29B
| $30.8M | 4.23% |
1,200,000
-1,000,000
| -45% | -$27.4M |
2018 Q3
2 quarters
|
|
9
iShares Russell 2000 Value ETF
IWN
$13.6B
| $27M | 3.71% |
225,000
-42,100
| -16% | -$5.03M |
2018 Q4
1 quarter
|
|
|
10
iShares Russell 2000 Growth ETF
IWO
$13.5B
| $25.6M | 3.52% |
130,205
-709,795
| -84% | -$135M |
2013 Q2
23 quarters
|
|
|
RAD
11
DELISTED
Rite Aid Corporation
RAD
| $19.4M | 2.66% |
1,526,337
| – | – |
2016 Q3
10 quarters
|
|
12
Marriott International
MAR
$97B
| $18.9M | 2.6% |
151,045
-600,000
| -80% | -$70.6M |
2016 Q1
12 quarters
|
|
|
13
State Street SPDR S&P 500 ETF Trust
SPY
$813B
| $13.5M | 1.86% |
47,872
+8,168
| +21% | +$2.22M |
2018 Q4
1 quarter
|
|
14
DELISTED
Alta Mesa Resources Inc
AMR
| $407K | 0.06% |
1,531,894
| – | – |
2018 Q1
4 quarters
|
|
|
AMRWW
15
DELISTED
Alta Mesa Resources Inc Warrant
AMRWW
| $142K | 0.02% |
3,833,333
| – | – |
2018 Q1
4 quarters
|
|
16
Franklin Templeton
BEN
$15.5B
| – | – |
-2,410,747
| Closed | -$71.5M | – |
|
|
17
Comcast
CMCSA
$74.7B
| – | – |
-4,142,244
| Closed | -$141M | – |
|
18
EQT Corp
EQT
$33B
| – | – |
-676,049
| Closed | -$12.8M | – |
|
19
Alphabet (Google) Class C
GOOG
$4.2T
| – | – |
-668,160
| Closed | -$34.6M | – |
|
|
20
Hilton Worldwide
HLT
$73.8B
| – | – |
-3,731,704
| Closed | -$268M | – |
|
21
Lennar Class A
LEN
$17.5B
| – | – |
-895,611
| Closed | -$33.9M | – |
|
22
Meta Platforms (Facebook)
META
$1.88T
| – | – |
-650,000
| Closed | -$85.2M | – |
|
23
Mohawk Industries
MHK
$8.13B
| – | – |
-504,647
| Closed | -$59M | – |
|
24
PUT
Tesla
TSLA
$1.45T
| – | – |
-2,433,000
| Closed | -$54M | – |
|
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Highfields Capital Management's Q1 2019 Portfolio in Review
As of Q1 2019, Highfields Capital Management held 24 positions worth $727M, down 66% from $2.12B the previous quarter. Its ten largest holdings account for 93% of the portfolio.
Highfields Capital Management withdrew a net $1.47B in Q1 2019, closing 9 positions and reducing 11 holdings. Its most notable exit was Hilton Worldwide, an estimated $268M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 28% of assets, down from 29% a quarter earlier, followed by Miscellaneous and Technology.
Against the trend, Highfields Capital Management added an estimated $2.22M to State Street SPDR S&P 500 ETF Trust.
- Highfields Capital Management added most to State Street SPDR S&P 500 ETF Trust in Q1 2019, an estimated $2.22M increase.
- Highfields Capital Management's biggest Q1 2019 reduction was iShares Russell 2000 Growth ETF, cutting an estimated $135M.
- Highfields Capital Management fully exited Hilton Worldwide in Q1 2019, selling an estimated $268M.
- Highfields Capital Management's ten largest holdings make up 93% of its $727M portfolio in Q1 2019.
- Highfields Capital Management opened 0 new positions and closed 9 in Q1 2019.
- Highfields Capital Management's portfolio value fell 66% quarter-over-quarter to $727M.
Based on Highfields Capital Management's 13F filing for Q1 2019, filed 15 May 2019.