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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
-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
Cap. Flow
-$654M
Cap. Flow %
-1,168.6%
Top 10 Hldgs %
100%
Holding
15
New
–
Increased
–
Reduced
1
Closed
14

Top Buys

No buys this quarter

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$133M
2
CHTR icon
Charter Communications
CHTR
+$128M
3
QQQ icon
Invesco QQQ Trust
QQQ
+$87.7M
4
TEVA icon
Teva Pharmaceuticals
TEVA
+$83M
5
HGV icon
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
TV icon
1
Televisa
TV
$1.45B
$55.9M 100%
6,625,872
-464,900
-7% -$4.53M
AAPL icon
2
Apple
AAPL
$4.67T
– –
-2,800,000
Closed -$133M
CHTR icon
3
Charter Communications
CHTR
$18.3B
– –
-370,065
Closed -$128M
HGV icon
4
Hilton Grand Vacations
HGV
$3.41B
– –
-1,413,397
Closed -$43.6M
IWN icon
5
iShares Russell 2000 Value ETF
IWN
$14.5B
– –
-225,000
Closed -$27M
IWO icon
6
iShares Russell 2000 Growth ETF
IWO
$14.8B
– –
-130,205
Closed -$25.6M
MAR icon
7
Marriott International
MAR
$91.5B
– –
-151,045
Closed -$18.9M
MGM icon
8
MGM Resorts International
MGM
$10.6B
– –
-1,200,000
Closed -$30.8M
QQQ icon
9
Invesco QQQ Trust
QQQ
$489B
– –
-488,100
Closed -$87.7M
SPY icon
10
State Street SPDR S&P 500 ETF Trust
SPY
$825B
– –
-47,872
Closed -$13.5M
TEVA icon
11
Teva Pharmaceuticals
TEVA
$42.5B
– –
-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
AMR
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.