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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
-23.69%
1 Year Est. Return
-21.64%
3 Year Est. Return
-4.74%
5 Year Est. Return
+9.61%
10 Year Est. Return
–
AUM
$55.9M
AUM Growth
-$671M
(-92%)
Cap. Flow
-$654M
Cap. Flow
% of AUM
-1,168.6%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
15
New
–
Increased
–
Reduced
1
Closed
14
Avg Time Held
5.8
years
Top 10 Avg Time Held
1
year
Top 20 Avg Time Held
2.3
years
Top Buys
No buys this quarter
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$133M |
| 2 |
Charter Communications
CHTR
|
+$128M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$87.7M |
| 4 |
Teva Pharmaceutical Industries Limited
TEVA
|
+$83M |
| 5 |
Hilton Grand Vacations
HGV
|
+$43.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 100% |
| 2 | Consumer Discretionary | 0% |
| 3 | Energy | 0% |
| 4 | Healthcare | 0% |
| 5 | Technology | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Televisa
TV
$1.25B
| $55.9M | 100% |
6,625,872
-464,900
| -7% | -$4.53M |
2013 Q3
23 quarters
|
|
|
2
Apple
AAPL
$5.01T
| – | – |
-2,800,000
| Closed | -$133M | – |
|
|
3
Charter Communications
CHTR
$12B
| – | – |
-370,065
| Closed | -$128M | – |
|
|
4
Hilton Grand Vacations
HGV
$2.7B
| – | – |
-1,413,397
| Closed | -$43.6M | – |
|
5
iShares Russell 2000 Value ETF
IWN
$13.6B
| – | – |
-225,000
| Closed | -$27M | – |
|
6
iShares Russell 2000 Growth ETF
IWO
$13.5B
| – | – |
-130,205
| Closed | -$25.6M | – |
|
7
Marriott International
MAR
$97B
| – | – |
-151,045
| Closed | -$18.9M | – |
|
8
MGM Resorts International
MGM
$7.29B
| – | – |
-1,200,000
| Closed | -$30.8M | – |
|
|
9
Invesco QQQ Trust
QQQ
$488B
| – | – |
-488,100
| Closed | -$87.7M | – |
|
10
State Street SPDR S&P 500 ETF Trust
SPY
$813B
| – | – |
-47,872
| Closed | -$13.5M | – |
|
|
11
Teva Pharmaceutical Industries Limited
TEVA
$47.5B
| – | – |
-5,295,102
| Closed | -$83M | – |
|
|
RAD
12
DELISTED
Rite Aid Corporation
RAD
| – | – |
-1,526,337
| Closed | -$19.4M | – |
|
|
MIK
13
DELISTED
Michaels Stores, Inc
MIK
| – | – |
-3,291,049
| Closed | -$37.6M | – |
|
|
AMRWW
14
DELISTED
Alta Mesa Resources Inc Warrant
AMRWW
| – | – |
-3,833,333
| Closed | -$142K | – |
|
15
DELISTED
Alta Mesa Resources Inc
AMR
| – | – |
-1,531,894
| Closed | -$407K | – |
|
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Highfields Capital Management's Q2 2019 Portfolio in Review
As of Q2 2019, Highfields Capital Management held 15 positions worth $55.9M, down 92% from $727M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Highfields Capital Management withdrew a net $654M in Q2 2019, closing 14 positions and reducing 1 holding. Its most notable exit was Apple, an estimated $133M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 100% of assets, up from 28% a quarter earlier, followed by Consumer Discretionary and Energy.
- Highfields Capital Management's biggest Q2 2019 reduction was Televisa, cutting an estimated $4.53M.
- Highfields Capital Management fully exited Apple in Q2 2019, selling an estimated $133M.
- Highfields Capital Management's ten largest holdings make up 100% of its $55.9M portfolio in Q2 2019.
- Highfields Capital Management opened 0 new positions and closed 14 in Q2 2019.
- Highfields Capital Management's portfolio value fell 92% quarter-over-quarter to $55.9M.
Based on Highfields Capital Management's 13F filing for Q2 2019, filed 12 Aug 2019.