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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
+7.17%
1 Year Est. Return
-21.72%
3 Year Est. Return
+197.64%
5 Year Est. Return
+251.63%
10 Year Est. Return
–
AUM
$3.02B
AUM Growth
-$504M
(-14%)
Cap. Flow
-$731M
Cap. Flow
% of AUM
-24.2%
Top 10 Holdings %
Top 10 Hldgs %
50.82%
Holding
46
New
8
Increased
8
Reduced
15
Closed
14
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ArcelorMittal
MT
|
+$125M |
| 2 |
CZR
Caesars Entertainment Corporation
CZR
|
+$118M |
| 3 |
CDK
CDK Global, Inc.
CDK
|
+$97.7M |
| 4 |
Halliburton
HAL
|
+$90M |
| 5 |
Philip Morris
PM
|
+$84.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Crown Castle
CCI
|
+$149M |
| 2 |
Marriott International
MAR
|
+$101M |
| 3 |
Brunswick
BC
|
+$90.1M |
| 4 |
Hilton Grand Vacations
HGV
|
+$88.4M |
| 5 |
MGM Resorts International
MGM
|
+$86.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 21.57% |
| 2 | Communication Services | 18.44% |
| 3 | Financials | 11% |
| 4 | Industrials | 9.01% |
| 5 | Healthcare | 8.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
P
26
DELISTED
Pandora Media Inc
P
| $29.8M | 0.99% |
6,188,500
-2,686,500
| -30% | -$16.1M |
|
27
NovoCure
NVCR
$1.97B
| $29.8M | 0.99% |
1,474,610
-39,400
| -3% | -$759K |
|
|
SYNH
28
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $27.3M | 0.9% |
+626,400
| New | +$29.3M |
|
29
PUT
Target
TGT
$63.7B
| $16.3M | 0.54% |
+250,000
| New | +$15.1M |
|
30
UroGen Pharma
URGN
$2.02B
| $14.9M | 0.49% |
399,900
-10,100
| -2% | -$360K |
|
31
PUT
Kroger
KR
$35.5B
| $6.86M | 0.23% |
250,000
-750,000
| -75% | -$17.5M |
|
|
32
Brunswick
BC
$5.24B
| – | – |
-1,610,100
| Closed | -$90.1M |
|
|
33
CALL
Crown Castle
CCI
$32.4B
| – | – |
-347,500
| Closed | -$34.7M |
|
|
34
Crown Castle
CCI
$32.4B
| – | – |
-1,491,500
| Closed | -$149M |
|
35
Community Health Systems
CYH
$383M
| – | – |
-1,917,300
| Closed | -$14.7M |
|
36
CALL
Expedia Group
EXPE
$33.4B
| – | – |
-478,200
| Closed | -$68.8M |
|
|
37
Expedia Group
EXPE
$33.4B
| – | – |
-530,000
| Closed | -$76.3M |
|
|
38
Marriott International
MAR
$101B
| – | – |
-913,668
| Closed | -$101M |
|
|
39
MGM Resorts International
MGM
$11.8B
| – | – |
-2,658,600
| Closed | -$86.6M |
|
40
PUT
Invesco QQQ Trust
QQQ
$449B
| – | – |
-498,900
| Closed | -$72.6M |
|
41
CALL
Sprouts Farmers Market
SFM
$7.23B
| – | – |
-956,400
| Closed | -$18M |
|
42
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$781B
| – | – |
-1,490,000
| Closed | -$374M |
|
43
CALL
Constellation Brands
STZ
$22.2B
| – | – |
-753,500
| Closed | -$150M |
|
|
UNIT
44
Uniti Group
UNIT
$2.62B
| – | – |
-1,143,500
| Closed | -$16.8M |
|
|
SHPG
45
DELISTED
Shire pic
SHPG
| – | – |
-461,000
| Closed | -$70.6M |
|
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PCM
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AEPIP
SAM
Highline Capital Management's Q4 2017 Portfolio in Review
As of Q4 2017, Highline Capital Management held 46 positions worth $3.02B, down 14% from $3.53B the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Highline Capital Management withdrew a net $731M in Q4 2017, closing 14 positions and reducing 15 holdings. Its most notable exit was Crown Castle, an estimated $149M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 22% of assets, down from 26% a quarter earlier, followed by Communication Services and Financials.
Against the trend, Highline Capital Management opened a new position in ArcelorMittal worth $137M.
- Highline Capital Management's largest Q4 2017 buy was ArcelorMittal: 4,234,300 shares worth $137M.
- Highline Capital Management added most to Caesars Entertainment Corporation in Q4 2017, an estimated $118M increase.
- Highline Capital Management's biggest Q4 2017 reduction was Hilton Grand Vacations, cutting an estimated $88.4M.
- Highline Capital Management fully exited Crown Castle in Q4 2017, selling an estimated $149M.
- Highline Capital Management's ten largest holdings make up 51% of its $3.02B portfolio in Q4 2017.
- Highline Capital Management opened 8 new positions and closed 14 in Q4 2017.
- Highline Capital Management's portfolio value fell 14% quarter-over-quarter to $3.02B.
Based on Highline Capital Management's 13F filing for Q4 2017, filed 14 Feb 2018.