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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
+9.35%
1 Year Est. Return
-21.72%
3 Year Est. Return
+197.64%
5 Year Est. Return
+251.63%
10 Year Est. Return
–
AUM
$2.16B
AUM Growth
-$823M
(-28%)
Cap. Flow
-$977M
Cap. Flow
% of AUM
-45.19%
Top 10 Holdings %
Top 10 Hldgs %
61.36%
Holding
50
New
9
Increased
4
Reduced
16
Closed
18
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TIF
Tiffany & Co.
TIF
|
+$137M |
| 2 |
Bunge Global
BG
|
+$106M |
| 3 |
Spotify
SPOT
|
+$106M |
| 4 |
Royal Caribbean
RCL
|
+$94.6M |
| 5 |
ServiceNow
NOW
|
+$81.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$113M |
| 2 |
Liberty Global Class C
LBTYK
|
+$99.1M |
| 3 |
VMW
VMware, Inc
VMW
|
+$99.1M |
| 4 |
Intercontinental Exchange
ICE
|
+$89.9M |
| 5 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$89M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 25.14% |
| 2 | Healthcare | 19.37% |
| 3 | Technology | 13.03% |
| 4 | Real Estate | 11.2% |
| 5 | Communication Services | 10.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
IQVIA
IQV
$34.7B
| $189M | 8.73% |
1,455,300
-522,859
| -26% | -$62.8M |
|
2
Equinix
EQIX
$107B
| $170M | 7.88% |
393,550
-72,450
| -16% | -$31.7M |
|
3
Caesars Entertainment
CZR
$6.1B
| $137M | 6.35% |
2,823,561
-286,697
| -9% | -$13M |
|
|
TIF
4
DELISTED
Tiffany & Co.
TIF
| $135M | 6.23% |
+1,045,000
| New | +$137M |
|
|
CZR
5
DELISTED
Caesars Entertainment Corporation
CZR
| $130M | 6.01% |
12,672,934
+411,921
| +3% | +$4.33M |
|
6
BioMarin Pharmaceuticals
BMRN
$11.5B
| $125M | 5.77% |
1,286,950
-32,500
| -2% | -$3.24M |
|
7
Conduent
CNDT
$230M
| $122M | 5.63% |
5,406,000
-1,594,000
| -23% | -$32.7M |
|
|
8
Bunge Global
BG
$23.6B
| $110M | 5.09% |
+1,602,500
| New | +$106M |
|
|
9
Royal Caribbean
RCL
$78.7B
| $105M | 4.85% |
+807,000
| New | +$94.6M |
|
|
10
Spotify
SPOT
$99.2B
| $104M | 4.82% |
+576,413
| New | +$106M |
|
11
Boyd Gaming
BYD
$6.47B
| $86.7M | 4.01% |
2,560,000
-644,400
| -20% | -$23M |
|
|
12
Intercontinental Exchange
ICE
$82.4B
| $85.7M | 3.97% |
1,145,000
-1,196,240
| -51% | -$89.9M |
|
13
Amazon
AMZN
$2.5T
| $85M | 3.93% |
848,740
-577,440
| -40% | -$54.3M |
|
|
14
ServiceNow
NOW
$102B
| $84.1M | 3.89% |
+2,150,000
| New | +$81.3M |
|
15
Charter Communications
CHTR
$14.7B
| $63M | 2.91% |
+193,350
| New | +$59M |
|
|
GLIBA
16
DELISTED
GCI Liberty, Inc. Class A Common Stock (DE)
GLIBA
| $56.6M | 2.62% |
1,110,000
-401,200
| -27% | -$19.3M |
|
17
Commercial Metals
CMC
$7.63B
| $53M | 2.45% |
2,581,417
-905,683
| -26% | -$19.5M |
|
18
VICI Properties
VICI
$29.4B
| $48.8M | 2.25% |
2,255,000
-1,221,263
| -35% | -$25.4M |
|
|
DAY
19
DELISTED
Dayforce
DAY
| $47.6M | 2.2% |
1,132,000
-397,160
| -26% | -$14.5M |
|
20
Ultragenyx Pharmaceutical
RARE
$2.65B
| $32.7M | 1.51% |
428,120
+18,120
| +4% | +$1.47M |
|
21
Pegasystems
PEGA
$4.41B
| $28.4M | 1.31% |
+908,000
| New | +$27.5M |
|
22
Regenxbio
RGNX
$623M
| $25.8M | 1.19% |
342,000
-8,000
| -2% | -$576K |
|
|
FPAC.U
23
DELISTED
Far Point Acquisition Corporation Units, each consisting of one share of Class A common stock, $0.00
FPAC.U
| $25.6M | 1.18% |
2,492,099
-242,911
| -9% | -$2.48M |
|
|
CPLG
24
DELISTED
CorePoint Lodging Inc. Common Stock
CPLG
| $23M | 1.07% |
1,185,000
-524,999
| -31% | -$12.1M |
|
|
PXD
25
DELISTED
Pioneer Natural Resource Co.
PXD
| $20.9M | 0.97% |
120,000
-497,840
| -81% | -$89M |
|
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Highline Capital Management's Q3 2018 Portfolio in Review
As of Q3 2018, Highline Capital Management held 50 positions worth $2.16B, down 28% from $2.99B the previous quarter. Its ten largest holdings account for 61% of the portfolio.
Highline Capital Management withdrew a net $977M in Q3 2018, closing 18 positions and reducing 16 holdings. Its most notable exit was Alphabet (Google) Class C, an estimated $113M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 25% of assets, up from 21% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Highline Capital Management opened a new position in Tiffany & Co. worth $135M.
- Highline Capital Management's largest Q3 2018 buy was Tiffany & Co.: 1,045,000 shares worth $135M.
- Highline Capital Management added most to Caesars Entertainment Corporation in Q3 2018, an estimated $4.33M increase.
- Highline Capital Management's biggest Q3 2018 reduction was Intercontinental Exchange, cutting an estimated $89.9M.
- Highline Capital Management fully exited Alphabet (Google) Class C in Q3 2018, selling an estimated $113M.
- Highline Capital Management's ten largest holdings make up 61% of its $2.16B portfolio in Q3 2018.
- Highline Capital Management opened 9 new positions and closed 18 in Q3 2018.
- Highline Capital Management's portfolio value fell 28% quarter-over-quarter to $2.16B.
Based on Highline Capital Management's 13F filing for Q3 2018, filed 14 Nov 2018.