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IAM
Iridian Asset Management Portfolio holdings
AUM
$247M
1-Year Est. Return
20.65%
This Fund
S&P 500
This Quarter
Est. Return
+2.99%
1 Year Est. Return
+20.65%
3 Year Est. Return
+52.17%
5 Year Est. Return
+62.16%
10 Year Est. Return
+315.77%
AUM
$11.8B
AUM Growth
-$408M
(-3.4%)
Cap. Flow
-$576M
Cap. Flow
% of AUM
-4.9%
Top 10 Holdings %
Top 10 Hldgs %
41.76%
Holding
73
New
7
Increased
26
Reduced
22
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
YHOO
Yahoo Inc
YHOO
|
+$271M |
| 2 |
Axalta
AXTA
|
+$140M |
| 3 |
Albemarle
ALB
|
+$137M |
| 4 |
GCP
GCP Applied Technologies Inc.
GCP
|
+$120M |
| 5 |
Packaging Corp of America
PKG
|
+$117M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bausch Health
BHC
|
+$440M |
| 2 |
SNDK
SANDISK CORP
SNDK
|
+$393M |
| 3 |
RAD
Rite Aid Corporation
RAD
|
+$232M |
| 4 |
Martin Marietta Materials
MLM
|
+$177M |
| 5 |
Micron Technology
MU
|
+$162M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 29.87% |
| 2 | Materials | 15.25% |
| 3 | Industrials | 14% |
| 4 | Technology | 11.76% |
| 5 | Healthcare | 10.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SEE
1
DELISTED
Sealed Air
SEE
| $596M | 5.07% |
12,420,622
+28,695
| +0.2% | +$1.26M |
|
2
Delta Air Lines
DAL
$58.8B
| $566M | 4.81% |
11,621,745
-472,645
| -4% | -$22.1M |
|
3
Lowe's Companies
LOW
$122B
| $549M | 4.67% |
7,252,799
+97,805
| +1% | +$6.9M |
|
4
Travel + Leisure Co
TNL
$4.81B
| $511M | 4.34% |
14,799,622
-439,357
| -3% | -$13.9M |
|
5
Tyson Foods
TSN
$21.5B
| $509M | 4.33% |
7,631,932
-1,927,940
| -20% | -$116M |
|
6
Hewlett Packard
HPE
$60.4B
| $488M | 4.15% |
47,343,745
+12,837,120
| +37% | +$108M |
|
7
Check Point Software Technologies
CHKP
$14.1B
| $460M | 3.91% |
5,260,267
+254,555
| +5% | +$20.5M |
|
8
Eastman Chemical
EMN
$7.79B
| $443M | 3.76% |
6,126,712
-126,135
| -2% | -$8.26M |
|
9
Masco
MAS
$16.5B
| $404M | 3.44% |
12,850,123
-89,000
| -0.7% | -$2.45M |
|
|
GRA
10
DELISTED
W.R. Grace & Co.
GRA
| $385M | 3.28% |
5,413,150
-550,696
| -9% | -$42.1M |
|
|
VAL
11
DELISTED
Valspar
VAL
| $378M | 3.22% |
3,533,840
-1,266,939
| -26% | -$105M |
|
12
Graphic Packaging
GPK
$3.45B
| $364M | 3.1% |
28,359,985
+990,960
| +4% | +$12M |
|
|
13
Axalta
AXTA
$7.58B
| $345M | 2.93% |
11,798,799
+5,510,274
| +88% | +$140M |
|
14
Phillips 66
PSX
$82.5B
| $341M | 2.9% |
3,934,453
-896,155
| -19% | -$72.8M |
|
|
MHFI
15
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
| $329M | 2.8% |
3,324,811
+724,135
| +28% | +$64.9M |
|
|
YHOO
16
DELISTED
Yahoo Inc
YHOO
| $318M | 2.71% |
+8,649,079
| New | +$271M |
|
17
SiriusXM
SIRI
$10.7B
| $310M | 2.63% |
7,836,095
+525,627
| +7% | +$19.6M |
|
18
Pitney Bowes
PBI
$2.41B
| $309M | 2.63% |
14,344,175
-292,945
| -2% | -$5.57M |
|
19
Steris
STE
$22.4B
| $306M | 2.6% |
4,308,246
+1,434,288
| +50% | +$97M |
|
|
CST
20
DELISTED
CST Brands, Inc.
CST
| $288M | 2.45% |
7,517,712
+801,980
| +12% | +$29.4M |
|
21
LyondellBasell Industries
LYB
$18.8B
| $282M | 2.39% |
3,291,212
-881,845
| -21% | -$70.8M |
|
|
22
Packaging Corp of America
PKG
$22.6B
| $211M | 1.8% |
3,501,413
+2,192,276
| +167% | +$117M |
|
23
Service Corp International
SCI
$11.7B
| $207M | 1.76% |
8,391,607
+431,220
| +5% | +$10.2M |
|
24
eBay
EBAY
$52.1B
| $203M | 1.73% |
8,524,817
+1,086,345
| +15% | +$26.4M |
|
|
LXK
25
DELISTED
Lexmark Intl Inc
LXK
| $195M | 1.66% |
5,839,979
-122,505
| -2% | -$3.62M |
|
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Iridian Asset Management's Q1 2016 Portfolio in Review
As of Q1 2016, Iridian Asset Management held 73 positions worth $11.8B, down 3.4% from $12.2B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Iridian Asset Management withdrew a net $576M in Q1 2016, closing 9 positions and reducing 22 holdings. Its most notable exit was Bausch Health, an estimated $440M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 30% of assets, up from 29% a quarter earlier, followed by Materials and Industrials.
Against the trend, Iridian Asset Management opened a new position in Yahoo Inc worth $318M.
- Iridian Asset Management's largest Q1 2016 buy was Yahoo Inc: 8,649,079 shares worth $318M.
- Iridian Asset Management added most to Axalta in Q1 2016, an estimated $140M increase.
- Iridian Asset Management's biggest Q1 2016 reduction was Martin Marietta Materials, cutting an estimated $177M.
- Iridian Asset Management fully exited Bausch Health in Q1 2016, selling an estimated $440M.
- Iridian Asset Management's ten largest holdings make up 42% of its $11.8B portfolio in Q1 2016.
- Iridian Asset Management opened 7 new positions and closed 9 in Q1 2016.
- Iridian Asset Management's portfolio value fell 3.4% quarter-over-quarter to $11.8B.
Based on Iridian Asset Management's 13F filing for Q1 2016, filed 10 May 2016.