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HA
Highland Associates Portfolio holdings
AUM
$699M
1-Year Est. Return
8.2%
This Fund
S&P 500
This Quarter
Est. Return
-14.21%
1 Year Est. Return
+8.2%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$593M
AUM Growth
-$62.5M
(-9.5%)
Cap. Flow
+$22.1M
Cap. Flow
% of AUM
3.72%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
20
New
4
Increased
2
Reduced
–
Closed
14
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
RTX Corp
RTX
|
+$47.8M |
| 2 |
Wynn Resorts
WYNN
|
+$31.2M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$29.9M |
| 4 |
T-Mobile US
TMUS
|
+$27.9M |
| 5 |
United Airlines
UAL
|
+$24.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Johnson & Johnson
JNJ
|
+$21.4M |
| 2 |
Amazon
AMZN
|
+$18.5M |
| 3 |
UnitedHealth
UNH
|
+$15.1M |
| 4 |
Home Depot
HD
|
+$15M |
| 5 |
Microsoft
MSFT
|
+$15M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 10.86% |
| 2 | Consumer Discretionary | 4.83% |
| 3 | Communication Services | 4.45% |
| 4 | Healthcare | 0% |
| 5 | Technology | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
iShares Core S&P 500 ETF
IVV
$886B
| $445M | 74.98% |
1,768,200
+110,000
| +7% | +$29.9M |
|
|
2
RTX Corp
RTX
$262B
| $40.8M | 6.88% |
+608,905
| New | +$47.8M |
|
3
iShares Global Infrastructure ETF
IGF
$11B
| $29M | 4.88% |
735,800
+24,300
| +3% | +$995K |
|
|
4
Wynn Resorts
WYNN
$9.79B
| $28.6M | 4.83% |
+289,600
| New | +$31.2M |
|
|
5
T-Mobile US
TMUS
$207B
| $26.4M | 4.45% |
+415,374
| New | +$27.9M |
|
|
6
United Airlines
UAL
$38.1B
| $23.6M | 3.98% |
+282,200
| New | +$24.8M |
|
7
Apple
AAPL
$4.79T
| – | – |
-265,544
| Closed | -$15M |
|
|
8
Amazon
AMZN
$2.63T
| – | – |
-184,340
| Closed | -$18.5M |
|
|
9
Home Depot
HD
$330B
| – | – |
-72,520
| Closed | -$15M |
|
|
10
Johnson & Johnson
JNJ
$615B
| – | – |
-154,523
| Closed | -$21.4M |
|
11
KLA
KLAC
$280B
| – | – |
-220,000
| Closed | -$2.24M |
|
12
Meta Platforms (Facebook)
META
$1.59T
| – | – |
-88,842
| Closed | -$14.6M |
|
|
13
Microsoft
MSFT
$2.9T
| – | – |
-131,107
| Closed | -$15M |
|
14
NRG Energy
NRG
$29.5B
| – | – |
-75,820
| Closed | -$2.84M |
|
15
Norfolk Southern
NSC
$74.3B
| – | – |
-10,000
| Closed | -$1.8M |
|
16
Quanta Services
PWR
$96.5B
| – | – |
-56,000
| Closed | -$1.87M |
|
|
17
UnitedHealth
UNH
$392B
| – | – |
-56,679
| Closed | -$15.1M |
|
18
Vertex Pharmaceuticals
VRTX
$120B
| – | – |
-48,000
| Closed | -$9.25M |
|
|
DNB
19
DELISTED
Dun & Bradstreet
DNB
| – | – |
-16,014
| Closed | -$2.28M |
|
|
WLL
20
DELISTED
Whiting Petroleum Corporation
WLL
| – | – |
-1,432
| Closed | -$5.7M |
|
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Highland Associates's Q4 2018 Portfolio in Review
As of Q4 2018, Highland Associates held 20 positions worth $593M, down 9.5% from $656M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Highland Associates deployed $22.1M of net new capital in Q4 2018, opening 4 new positions and adding to 2 existing holdings. Its largest new stake was RTX Corp: 608,905 shares worth $40.8M.
By sector, the portfolio is most concentrated in Industrials at 11% of assets, up from 0.56% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the most notable exit was Johnson & Johnson, an estimated $21.4M sold.
- Highland Associates's largest Q4 2018 buy was RTX Corp: 608,905 shares worth $40.8M.
- Highland Associates added most to iShares Core S&P 500 ETF in Q4 2018, an estimated $29.9M increase.
- Highland Associates fully exited Johnson & Johnson in Q4 2018, selling an estimated $21.4M.
- Highland Associates's ten largest holdings make up 100% of its $593M portfolio in Q4 2018.
- Highland Associates opened 4 new positions and closed 14 in Q4 2018.
- Highland Associates's portfolio value fell 9.5% quarter-over-quarter to $593M.
Based on Highland Associates's 13F filing for Q4 2018, filed 15 Jan 2019.