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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
+3.77%
1 Year Est. Return
-21.72%
3 Year Est. Return
+197.64%
5 Year Est. Return
+251.63%
10 Year Est. Return
–
AUM
$3.53B
AUM Growth
+$367M
(+12%)
Cap. Flow
-$129M
Cap. Flow
% of AUM
-3.66%
Top 10 Holdings %
Top 10 Hldgs %
52.77%
Holding
48
New
12
Increased
10
Reduced
14
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ZAYO
Zayo Group Holdings, Inc.
ZAYO
|
+$102M |
| 2 |
Amazon
AMZN
|
+$96.2M |
| 3 |
Willis Towers Watson
WTW
|
+$84.5M |
| 4 |
Expedia Group
EXPE
|
+$78.5M |
| 5 |
P
Pandora Media Inc
P
|
+$52.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Citizens Financial Group
CFG
|
+$96.5M |
| 2 |
Johnson Controls International
JCI
|
+$81.3M |
| 3 |
NBL
Noble Energy, Inc.
NBL
|
+$74.1M |
| 4 |
Vulcan Materials
VMC
|
+$65.3M |
| 5 |
Mohawk Industries
MHK
|
+$61.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 25.78% |
| 2 | Communication Services | 21.14% |
| 3 | Miscellaneous | 20.96% |
| 4 | Financials | 10.02% |
| 5 | Healthcare | 9.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Commercial Metals
CMC
$7.77B
| $55M | 1.56% |
2,890,500
+990,500
| +52% | +$18.6M |
|
|
LVNTA
27
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $38.8M | 1.1% |
+674,200
| New | +$39M |
|
28
FedEx
FDX
$76.3B
| $35.9M | 1.02% |
+159,000
| New | +$33.9M |
|
29
CALL
Crown Castle
CCI
$32.3B
| $34.7M | 0.99% |
+347,500
| New | +$35.5M |
|
30
British American Tobacco
BTI
$119B
| $33.2M | 0.94% |
+532,410
| New | +$34.3M |
|
31
NovoCure
NVCR
$2.09B
| $30.1M | 0.85% |
1,514,010
-221,800
| -13% | -$4.36M |
|
32
PUT
Kroger
KR
$35.9B
| $20.1M | 0.57% |
+1,000,000
| New | +$22.5M |
|
33
CALL
Sprouts Farmers Market
SFM
$7.59B
| $18M | 0.51% |
+956,400
| New | +$21.2M |
|
|
UNIT
34
Uniti Group
UNIT
$2.47B
| $16.8M | 0.48% |
1,143,500
-2,301,500
| -67% | -$48.6M |
|
35
Community Health Systems
CYH
$408M
| $14.7M | 0.42% |
1,917,300
+75,600
| +4% | +$589K |
|
36
UroGen Pharma
URGN
$2.16B
| $12.9M | 0.37% |
410,000
-15,300
| -4% | -$338K |
|
|
CZR
37
DELISTED
Caesars Entertainment Corporation
CZR
| $3.07M | 0.09% |
230,000
| – | – |
|
38
Adient
ADNT
$1.54B
| – | – |
-292,058
| Closed | -$19.1M |
|
|
39
Citizens Financial Group
CFG
$29.8B
| – | – |
-2,704,000
| Closed | -$96.5M |
|
40
Cigna
CI
$74.7B
| – | – |
-341,200
| Closed | -$57.1M |
|
41
CALL
Golar LNG
GLNG
$5.32B
| – | – |
-1,548,200
| Closed | -$34.4M |
|
42
PUT
iShares Russell 2000 ETF
IWM
$80.5B
| – | – |
-805,000
| Closed | -$113M |
|
|
43
Johnson Controls International
JCI
$87.8B
| – | – |
-1,875,164
| Closed | -$81.3M |
|
44
LivaNova
LIVN
$4.51B
| – | – |
-245,600
| Closed | -$15M |
|
45
RingCentral
RNG
$6.13B
| – | – |
-594,000
| Closed | -$21.7M |
|
|
SEE
46
DELISTED
Sealed Air
SEE
| – | – |
-823,700
| Closed | -$36.9M |
|
|
47
Vulcan Materials
VMC
$34B
| – | – |
-515,800
| Closed | -$65.3M |
|
|
NBL
48
DELISTED
Noble Energy, Inc.
NBL
| – | – |
-2,616,800
| Closed | -$74.1M |
|
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Highline Capital Management's Q3 2017 Portfolio in Review
As of Q3 2017, Highline Capital Management held 48 positions worth $3.53B, up 12% from $3.16B the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Highline Capital Management withdrew a net $129M in Q3 2017, closing 11 positions and reducing 14 holdings. Its most notable exit was Citizens Financial Group, an estimated $96.5M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 26% of assets, down from 26% a quarter earlier, followed by Communication Services and Miscellaneous.
Against the trend, Highline Capital Management opened a new position in Zayo Group Holdings, Inc. worth $106M.
- Highline Capital Management's largest Q3 2017 buy was Zayo Group Holdings, Inc.: 3,075,000 shares worth $106M.
- Highline Capital Management added most to Willis Towers Watson in Q3 2017, an estimated $84.5M increase.
- Highline Capital Management's biggest Q3 2017 reduction was Mohawk Industries, cutting an estimated $61.8M.
- Highline Capital Management fully exited Citizens Financial Group in Q3 2017, selling an estimated $96.5M.
- Highline Capital Management's ten largest holdings make up 53% of its $3.53B portfolio in Q3 2017.
- Highline Capital Management opened 12 new positions and closed 11 in Q3 2017.
- Highline Capital Management's portfolio value rose 12% quarter-over-quarter to $3.53B.
Based on Highline Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.