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HCM
Highline Capital Management Portfolio holdings
AUM
$53.5M
1-Year Est. Return
21.72%
This Fund
S&P 500
This Quarter
Est. Return
+4.15%
1 Year Est. Return
-21.72%
3 Year Est. Return
+197.64%
5 Year Est. Return
+251.63%
10 Year Est. Return
–
AUM
$3.5B
AUM Growth
+$557M
(+19%)
Cap. Flow
+$515M
Cap. Flow
% of AUM
14.72%
Top 10 Holdings %
Top 10 Hldgs %
51.93%
Holding
47
New
9
Increased
13
Reduced
10
Closed
12
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PayPal
PYPL
|
+$175M |
| 2 |
CIT
CIT Group Inc.
CIT
|
+$84.3M |
| 3 |
Comcast
CMCSA
|
+$80.6M |
| 4 |
Mohawk Industries
MHK
|
+$64.1M |
| 5 |
Citizens Financial Group
CFG
|
+$61.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Visa
V
|
+$141M |
| 2 |
IMS
IMS HEALTH HLDGS INC COM STK (DE)
IMS
|
+$72M |
| 3 |
AB InBev
BUD
|
+$55.4M |
| 4 |
SHPG
Shire pic
SHPG
|
+$55.3M |
| 5 |
Crown Castle
CCI
|
+$47.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.67% |
| 2 | Consumer Discretionary | 15.16% |
| 3 | Communication Services | 13.72% |
| 4 | Consumer Staples | 9.29% |
| 5 | Healthcare | 9.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
CALL
Crown Castle
CCI
$33.1B
| $65.1M | 1.86% |
750,000
+388,600
| +108% | +$34M |
|
27
MGM Resorts International
MGM
$11.6B
| $59.7M | 1.7% |
2,069,400
-510,000
| -20% | -$14.1M |
|
28
Cigna
CI
$78.9B
| $56M | 1.6% |
420,054
-175,146
| -29% | -$22.9M |
|
29
Adient
ADNT
$1.68B
| $52M | 1.48% |
+887,189
| New | +$46.8M |
|
|
WCC
30
WESCO International
WCC
$15.2B
| $31.6M | 0.9% |
+475,000
| New | +$30.2M |
|
|
KITE
31
DELISTED
Kite Pharma, Inc.
KITE
| $31.5M | 0.9% |
702,300
+196,900
| +39% | +$9.66M |
|
|
TWX
32
CALL
DELISTED
Time Warner Inc
TWX
| $29M | 0.83% |
300,000
| – | – |
|
33
NovoCure
NVCR
$1.77B
| $14.3M | 0.41% |
1,818,079
| – | – |
|
34
CALL
Bank of America
BAC
$432B
| $13.9M | 0.4% |
+630,000
| New | +$12.1M |
|
35
AdvanSix
ASIX
$541M
| $1.48M | 0.04% |
+67,000
| New | +$1.2M |
|
|
36
AB InBev
BUD
$163B
| – | – |
-421,500
| Closed | -$55.4M |
|
37
CALL
Dollar Tree
DLTR
$24.7B
| – | – |
-403,900
| Closed | -$31.9M |
|
38
Hormel Foods
HRL
$14.3B
| – | – |
-125,000
| Closed | -$4.74M |
|
39
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.8B
| – | – |
-685,000
| Closed | -$59.8M |
|
40
CALL
Molson Coors Class B
TAP
$8.12B
| – | – |
-244,800
| Closed | -$26.9M |
|
|
41
CALL
Visa
V
$708B
| – | – |
-638,200
| Closed | -$52.8M |
|
|
42
Visa
V
$708B
| – | – |
-1,702,100
| Closed | -$141M |
|
|
X
43
DELISTED
US Steel
X
| – | – |
-223,500
| Closed | -$4.21M |
|
|
ZNGA
44
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| – | – |
-11,920,000
| Closed | -$34.7M |
|
|
MGP
45
DELISTED
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
| – | – |
-1,383,249
| Closed | -$36.1M |
|
|
CIT
46
CALL
DELISTED
CIT Group Inc.
CIT
| – | – |
-868,000
| Closed | -$31.5M |
|
|
IMS
47
DELISTED
IMS HEALTH HLDGS INC COM STK (DE)
IMS
| – | – |
-2,298,200
| Closed | -$72M |
|
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Highline Capital Management's Q4 2016 Portfolio in Review
As of Q4 2016, Highline Capital Management held 47 positions worth $3.5B, up 19% from $2.94B the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Highline Capital Management deployed $515M of net new capital in Q4 2016, opening 9 new positions and adding to 13 existing holdings. Its largest new stake was PayPal: 4,353,900 shares worth $172M.
By sector, the portfolio is most concentrated in Financials at 20% of assets, up from 17% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Shire pic, an estimated $55.3M trimmed.
- Highline Capital Management's largest Q4 2016 buy was PayPal: 4,353,900 shares worth $172M.
- Highline Capital Management added most to CIT Group Inc. in Q4 2016, an estimated $84.3M increase.
- Highline Capital Management's biggest Q4 2016 reduction was Shire pic, cutting an estimated $55.3M.
- Highline Capital Management fully exited Visa in Q4 2016, selling an estimated $141M.
- Highline Capital Management's ten largest holdings make up 52% of its $3.5B portfolio in Q4 2016.
- Highline Capital Management opened 9 new positions and closed 12 in Q4 2016.
- Highline Capital Management's portfolio value rose 19% quarter-over-quarter to $3.5B.
Based on Highline Capital Management's 13F filing for Q4 2016, filed 14 Feb 2017.