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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
+8.48%
1 Year Est. Return
-21.72%
3 Year Est. Return
+197.64%
5 Year Est. Return
+251.63%
10 Year Est. Return
–
AUM
$3.46B
AUM Growth
-$40.8M
(-1.2%)
Cap. Flow
-$220M
Cap. Flow
% of AUM
-6.35%
Top 10 Holdings %
Top 10 Hldgs %
41.98%
Holding
50
New
15
Increased
14
Reduced
12
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Corpay
CPAY
|
+$173M |
| 2 |
Conduent
CNDT
|
+$130M |
| 3 |
Brunswick
BC
|
+$119M |
| 4 |
Liberty Global Class C
LBTYK
|
+$105M |
| 5 |
Weyerhaeuser
WY
|
+$103M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PayPal
PYPL
|
+$172M |
| 2 |
TWX
Time Warner Inc
TWX
|
+$115M |
| 3 |
Dollar Tree
DLTR
|
+$86.4M |
| 4 |
CIT
CIT Group Inc.
CIT
|
+$85.3M |
| 5 |
Constellation Brands
STZ
|
+$83.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 19.34% |
| 2 | Financials | 14.79% |
| 3 | Communication Services | 14.34% |
| 4 | Healthcare | 10.19% |
| 5 | Technology | 8.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TWX
26
DELISTED
Time Warner Inc
TWX
| $70.6M | 2.04% |
722,541
-1,189,159
| -62% | -$115M |
|
27
Cigna
CI
$79.6B
| $66.1M | 1.91% |
451,500
+31,446
| +7% | +$4.63M |
|
28
Adient
ADNT
$1.7B
| $58M | 1.68% |
798,789
-88,400
| -10% | -$5.81M |
|
29
CALL
Marriott International
MAR
$101B
| $56.9M | 1.64% |
+604,300
| New | +$52.5M |
|
30
Steel Dynamics
STLD
$37.5B
| $49.7M | 1.44% |
1,430,100
-1,233,900
| -46% | -$44M |
|
|
31
Constellation Brands
STZ
$22.5B
| $46.8M | 1.35% |
288,871
-537,329
| -65% | -$83.8M |
|
32
Graphic Packaging
GPK
$3.45B
| $42.3M | 1.22% |
+3,290,200
| New | +$42.8M |
|
33
CALL
Golar LNG
GLNG
$4.95B
| $41.9M | 1.21% |
+1,500,000
| New | +$40.1M |
|
34
CALL
MGM Resorts International
MGM
$11.8B
| $36M | 1.04% |
+1,312,600
| New | +$36.4M |
|
|
35
CALL
Weyerhaeuser
WY
$17.7B
| $35.8M | 1.03% |
+1,052,600
| New | +$34.2M |
|
|
KITE
36
DELISTED
Kite Pharma, Inc.
KITE
| $30.5M | 0.88% |
388,100
-314,200
| -45% | -$19.4M |
|
37
NovoCure
NVCR
$1.89B
| $14.5M | 0.42% |
1,795,710
-22,369
| -1% | -$162K |
|
|
CIT
38
CALL
DELISTED
CIT Group Inc.
CIT
| $8.19M | 0.24% |
+190,800
| New | +$8.08M |
|
39
Community Health Systems
CYH
$393M
| $8.14M | 0.24% |
+917,422
| New | +$7.15M |
|
|
CZR
40
DELISTED
Caesars Entertainment Corporation
CZR
| $2.2M | 0.06% |
+230,000
| New | +$2.1M |
|
41
Commercial Metals
CMC
$7.8B
| $957K | 0.03% |
+50,000
| New | +$1.03M |
|
42
AdvanSix
ASIX
$551M
| – | – |
-67,000
| Closed | -$1.48M |
|
43
CALL
Bank of America
BAC
$439B
| – | – |
-630,000
| Closed | -$13.9M |
|
44
Ball Corp
BALL
$17.8B
| – | – |
-2,016,000
| Closed | -$75.7M |
|
45
CALL
Biogen
BIIB
$30.4B
| – | – |
-243,700
| Closed | -$69.1M |
|
|
46
Dollar Tree
DLTR
$24.4B
| – | – |
-1,119,000
| Closed | -$86.4M |
|
|
47
PayPal
PYPL
$51.4B
| – | – |
-4,353,900
| Closed | -$172M |
|
48
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$783B
| – | – |
-2,100,000
| Closed | -$469M |
|
|
WCC
49
WESCO International
WCC
$16.1B
| – | – |
-475,000
| Closed | -$31.6M |
|
|
TWX
50
CALL
DELISTED
Time Warner Inc
TWX
| – | – |
-300,000
| Closed | -$29M |
|
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Highline Capital Management's Q1 2017 Portfolio in Review
As of Q1 2017, Highline Capital Management held 50 positions worth $3.46B, down 1.2% from $3.5B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Highline Capital Management withdrew a net $220M in Q1 2017, closing 9 positions and reducing 12 holdings. Its most notable exit was PayPal, an estimated $172M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 19% of assets, up from 15% a quarter earlier, followed by Financials and Communication Services.
Against the trend, Highline Capital Management opened a new position in Corpay worth $167M.
- Highline Capital Management's largest Q1 2017 buy was Corpay: 1,103,800 shares worth $167M.
- Highline Capital Management added most to Willis Towers Watson in Q1 2017, an estimated $44.6M increase.
- Highline Capital Management's biggest Q1 2017 reduction was Time Warner Inc, cutting an estimated $115M.
- Highline Capital Management fully exited PayPal in Q1 2017, selling an estimated $172M.
- Highline Capital Management's ten largest holdings make up 42% of its $3.46B portfolio in Q1 2017.
- Highline Capital Management opened 15 new positions and closed 9 in Q1 2017.
- Highline Capital Management's portfolio value fell 1.2% quarter-over-quarter to $3.46B.
Based on Highline Capital Management's 13F filing for Q1 2017, filed 15 May 2017.