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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
+38.24%
1 Year Est. Return
-21.72%
3 Year Est. Return
+197.64%
5 Year Est. Return
+251.63%
10 Year Est. Return
–
AUM
$123M
AUM Growth
-$288M
(-70%)
Cap. Flow
-$347M
Cap. Flow
% of AUM
-282.17%
Top 10 Holdings %
Top 10 Hldgs %
73.36%
Holding
33
New
8
Increased
1
Reduced
10
Closed
14
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Passage Bio
PASG
|
+$6.26M |
| 2 |
SPLK
Splunk Inc
SPLK
|
+$6.15M |
| 3 |
Mastercard
MA
|
+$5.47M |
| 4 |
Chubb
CB
|
+$4.45M |
| 5 |
EXAS
Exact Sciences
EXAS
|
+$4.04M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CTLT
CATALENT, INC.
CTLT
|
+$35M |
| 2 |
Amazon
AMZN
|
+$34M |
| 3 |
VeriSign
VRSN
|
+$29.1M |
| 4 |
Alibaba
BABA
|
+$25.6M |
| 5 |
Salesforce
CRM
|
+$25.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 33.24% |
| 2 | Technology | 23.09% |
| 3 | Consumer Discretionary | 21.63% |
| 4 | Financials | 11.88% |
| 5 | Communication Services | 9.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Passage Bio
PASG
$15.9M
| $17.7M | 14.38% |
32,380
+13,913
| +75% | +$6.26M |
|
|
2
Amazon
AMZN
$2.5T
| $14.2M | 11.52% |
102,740
-281,460
| -73% | -$34M |
|
3
Charter Communications
CHTR
$14.7B
| $8.84M | 7.18% |
17,322
-49,328
| -74% | -$25M |
|
4
Avantor
AVTR
$7.81B
| $8.15M | 6.62% |
479,270
-1,111,730
| -70% | -$18.1M |
|
|
ATVI
5
DELISTED
Activision Blizzard
ATVI
| $7.76M | 6.31% |
102,285
-331,765
| -76% | -$23.1M |
|
|
SPLK
6
DELISTED
Splunk Inc
SPLK
| $7.72M | 6.27% |
+38,854
| New | +$6.15M |
|
|
7
VeriSign
VRSN
$25.3B
| $6.94M | 5.64% |
33,563
-140,117
| -81% | -$29.1M |
|
|
8
Alibaba
BABA
$269B
| $6.88M | 5.59% |
31,887
-122,970
| -79% | -$25.6M |
|
|
CTLT
9
DELISTED
CATALENT, INC.
CTLT
| $6.12M | 4.98% |
83,530
-515,910
| -86% | -$35M |
|
|
10
Salesforce
CRM
$134B
| $5.98M | 4.86% |
31,925
-151,310
| -83% | -$25.5M |
|
|
11
Mastercard
MA
$477B
| $5.74M | 4.66% |
+19,395
| New | +$5.47M |
|
12
TJX Companies
TJX
$170B
| $5.56M | 4.52% |
109,945
-134,555
| -55% | -$6.76M |
|
|
13
Chubb
CB
$140B
| $4.86M | 3.95% |
+38,418
| New | +$4.45M |
|
|
EXAS
14
DELISTED
Exact Sciences
EXAS
| $4.4M | 3.58% |
+50,609
| New | +$4.04M |
|
15
RenaissanceRe
RNR
$13.7B
| $4.02M | 3.27% |
+23,506
| New | +$3.86M |
|
16
Angi Inc
ANGI
$224M
| $3.01M | 2.44% |
+24,749
| New | +$2.26M |
|
17
Adaptive Biotechnologies
ADPT
$3.56B
| $2.76M | 2.24% |
+57,081
| New | +$2.08M |
|
18
Alector
ALEC
$164M
| $1.77M | 1.44% |
72,499
-3,315
| -4% | -$91.5K |
|
19
PG&E
PCG
$47.8B
| $665K | 0.54% |
+75,000
| New | +$817K |
|
20
Arcturus Therapeutics
ARCT
$157M
| – | – |
-56,304
| Closed | -$765K |
|
21
Cal-Maine
CALM
$4.28B
| – | – |
-452,900
| Closed | -$19.9M |
|
22
Commercial Metals
CMC
$7.63B
| – | – |
-1,281,542
| Closed | -$20.2M |
|
23
CrowdStrike
CRWD
$187B
| – | – |
-793,600
| Closed | -$11M |
|
24
Dollar General
DG
$25.9B
| – | – |
-145,000
| Closed | -$21.9M |
|
25
DHT Holdings
DHT
$2.97B
| – | – |
-1,625,383
| Closed | -$12.5M |
|
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Highline Capital Management's Q2 2020 Portfolio in Review
As of Q2 2020, Highline Capital Management held 33 positions worth $123M, down 70% from $411M the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Highline Capital Management withdrew a net $347M in Q2 2020, closing 14 positions and reducing 10 holdings. Its most notable exit was Dollar General, an estimated $21.9M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 33% of assets, up from 21% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Highline Capital Management opened a new position in Splunk Inc worth $7.72M.
- Highline Capital Management's largest Q2 2020 buy was Splunk Inc: 38,854 shares worth $7.72M.
- Highline Capital Management added most to Passage Bio in Q2 2020, an estimated $6.26M increase.
- Highline Capital Management's biggest Q2 2020 reduction was CATALENT, INC., cutting an estimated $35M.
- Highline Capital Management fully exited Dollar General in Q2 2020, selling an estimated $21.9M.
- Highline Capital Management's ten largest holdings make up 73% of its $123M portfolio in Q2 2020.
- Highline Capital Management opened 8 new positions and closed 14 in Q2 2020.
- Highline Capital Management's portfolio value fell 70% quarter-over-quarter to $123M.
Based on Highline Capital Management's 13F filing for Q2 2020, filed 14 Aug 2020.