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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
-3.66%
1 Year Est. Return
-21.72%
3 Year Est. Return
+197.64%
5 Year Est. Return
+251.63%
10 Year Est. Return
–
AUM
$2.22B
AUM Growth
-$638M
(-22%)
Cap. Flow
-$453M
Cap. Flow
% of AUM
-20.39%
Top 10 Holdings %
Top 10 Hldgs %
56.03%
Holding
50
New
7
Increased
13
Reduced
12
Closed
17
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$155M |
| 2 |
American Express
AXP
|
+$97.6M |
| 3 |
Visa
V
|
+$81.4M |
| 4 |
Ball Corp
BALL
|
+$73M |
| 5 |
Alcoa
AA
|
+$36.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Universal Health Services
UHS
|
+$122M |
| 2 |
Dollar General
DG
|
+$93.9M |
| 3 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$81M |
| 4 |
eBay
EBAY
|
+$72.5M |
| 5 |
Kirby Corp
KEX
|
+$69.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 19.73% |
| 2 | Communication Services | 15.83% |
| 3 | Healthcare | 14.94% |
| 4 | Financials | 14.36% |
| 5 | Consumer Staples | 13.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Constellation Brands
STZ
$22.2B
| $160M | 7.19% |
1,275,300
+117,500
| +10% | +$14.5M |
|
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $159M | 7.16% |
+830,000
| New | +$168M |
|
|
3
Alphabet (Google) Class C
GOOG
$3.9T
| $156M | 7.01% |
5,113,920
+5,029,000
| +5,922% | +$155M |
|
4
PUT
iShares Russell 2000 ETF
IWM
$80.9B
| $128M | 5.74% |
1,168,100
+108,100
| +10% | +$12.8M |
|
5
Intercontinental Exchange
ICE
$82.4B
| $125M | 5.65% |
2,670,250
-201,500
| -7% | -$9.33M |
|
6
AbbVie
ABBV
$458B
| $123M | 5.53% |
2,258,900
+32,900
| +1% | +$2.14M |
|
7
SiriusXM
SIRI
$10B
| $107M | 4.83% |
2,866,038
-348,090
| -11% | -$13.3M |
|
8
Dollar Tree
DLTR
$23.1B
| $103M | 4.63% |
1,541,200
+49,000
| +3% | +$3.68M |
|
|
9
American Express
AXP
$223B
| $94.1M | 4.24% |
+1,269,000
| New | +$97.6M |
|
10
Community Health Systems
CYH
$385M
| $90M | 4.05% |
2,545,477
-96,437
| -4% | -$4.42M |
|
|
11
Visa
V
$677B
| $79.4M | 3.58% |
+1,140,000
| New | +$81.4M |
|
12
Royal Caribbean
RCL
$78.7B
| $78.3M | 3.53% |
879,100
+133,100
| +18% | +$11.7M |
|
|
AGN
13
DELISTED
Allergan plc
AGN
| $77.9M | 3.51% |
286,600
-84,180
| -23% | -$25.9M |
|
14
Carnival Corporation Ltd
CCL
$36.1B
| $70.8M | 3.19% |
1,425,000
+104,000
| +8% | +$5.29M |
|
|
15
Ball Corp
BALL
$17B
| $67.1M | 3.02% |
+2,156,000
| New | +$73M |
|
|
TWC
16
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $62M | 2.79% |
345,500
-433,401
| -56% | -$81M |
|
17
Norwegian Cruise Line
NCLH
$8.89B
| $59.2M | 2.67% |
1,033,600
+333,600
| +48% | +$19.7M |
|
18
Boyd Gaming
BYD
$6.47B
| $54.7M | 2.46% |
3,357,600
+573,600
| +21% | +$9.5M |
|
19
PENN Entertainment
PENN
$2.74B
| $52.1M | 2.35% |
3,107,800
+435,300
| +16% | +$7.96M |
|
20
CALL
PayPal
PYPL
$49.5B
| $43.5M | 1.96% |
+1,400,200
| New | +$50.2M |
|
|
HZNP
21
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $40.9M | 1.84% |
2,065,000
+135,000
| +7% | +$4.27M |
|
|
22
Dollar General
DG
$25.9B
| $40.8M | 1.84% |
563,900
-1,229,600
| -69% | -$93.9M |
|
|
AAN.A
23
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $37.9M | 1.71% |
1,050,400
+266,400
| +34% | +$9.62M |
|
|
24
Alcoa
AA
$11.7B
| $35.8M | 1.61% |
+1,543,071
| New | +$36.1M |
|
|
25
CALL
eBay
EBAY
$48.6B
| $34.2M | 1.54% |
1,400,200
-3,874,520
| -73% | -$104M |
|
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Highline Capital Management's Q3 2015 Portfolio in Review
As of Q3 2015, Highline Capital Management held 50 positions worth $2.22B, down 22% from $2.86B the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Highline Capital Management withdrew a net $453M in Q3 2015, closing 17 positions and reducing 12 holdings. Its most notable exit was Universal Health Services, an estimated $122M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 20% of assets, up from 17% a quarter earlier, followed by Communication Services and Healthcare.
Against the trend, Highline Capital Management opened a new position in American Express worth $94.1M.
- Highline Capital Management's largest Q3 2015 buy was American Express: 1,269,000 shares worth $94.1M.
- Highline Capital Management added most to Alphabet (Google) Class C in Q3 2015, an estimated $155M increase.
- Highline Capital Management's biggest Q3 2015 reduction was Dollar General, cutting an estimated $93.9M.
- Highline Capital Management fully exited Universal Health Services in Q3 2015, selling an estimated $122M.
- Highline Capital Management's ten largest holdings make up 56% of its $2.22B portfolio in Q3 2015.
- Highline Capital Management opened 7 new positions and closed 17 in Q3 2015.
- Highline Capital Management's portfolio value fell 22% quarter-over-quarter to $2.22B.
Based on Highline Capital Management's 13F filing for Q3 2015, filed 16 Nov 2015.