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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
+7.92%
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
$11.7B
AUM Growth
+$403M
(+3.6%)
Cap. Flow
-$368M
Cap. Flow
% of AUM
-3.14%
Top 10 Holdings %
Top 10 Hldgs %
33.39%
Holding
90
New
9
Increased
20
Reduced
35
Closed
13
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Martin Marietta Materials
MLM
|
+$133M |
| 2 |
FDC
First Data Corporation
FDC
|
+$123M |
| 3 |
Tyson Foods
TSN
|
+$121M |
| 4 |
Yum China
YUMC
|
+$98.9M |
| 5 |
Intercontinental Exchange
ICE
|
+$96.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Newell Brands
NWL
|
+$244M |
| 2 |
Axalta
AXTA
|
+$180M |
| 3 |
THS
Treehouse Foods
THS
|
+$147M |
| 4 |
SEE
Sealed Air
SEE
|
+$117M |
| 5 |
OA
Orbital ATK, Inc.
OA
|
+$96.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 25.8% |
| 2 | Technology | 20.01% |
| 3 | Industrials | 13.37% |
| 4 | Materials | 10.39% |
| 5 | Healthcare | 9.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Western Digital
WDC
$160B
| $512M | 4.37% |
7,833,029
+369,052
| +5% | +$24.5M |
|
2
Marathon Petroleum
MPC
$89.3B
| $449M | 3.84% |
8,013,336
-313,831
| -4% | -$16.8M |
|
|
AABA
3
DELISTED
Altaba Inc
AABA
| $445M | 3.8% |
6,712,147
-823,549
| -11% | -$50.5M |
|
4
General Dynamics
GD
$106B
| $397M | 3.39% |
1,931,383
-351,708
| -15% | -$70.5M |
|
|
5
Martin Marietta Materials
MLM
$35B
| $368M | 3.14% |
1,785,402
+630,357
| +55% | +$133M |
|
6
International Paper
IP
$23.3B
| $365M | 3.12% |
6,792,276
+1,151,071
| +20% | +$60.5M |
|
7
SBA Communications
SBAC
$18.6B
| $354M | 3.02% |
2,459,470
-181,728
| -7% | -$25.9M |
|
8
S&P Global
SPGI
$126B
| $345M | 2.94% |
2,206,774
-143,301
| -6% | -$21.8M |
|
|
9
Tyson Foods
TSN
$21.5B
| $340M | 2.91% |
4,833,048
+1,893,438
| +64% | +$121M |
|
|
AGN
10
DELISTED
Allergan plc
AGN
| $335M | 2.86% |
1,633,949
+172,571
| +12% | +$40.1M |
|
11
Visteon
VC
$2.85B
| $331M | 2.83% |
2,674,712
-57,049
| -2% | -$6.47M |
|
12
Ball Corp
BALL
$17.8B
| $325M | 2.78% |
7,871,056
+1,613,246
| +26% | +$66.2M |
|
13
Check Point Software Technologies
CHKP
$14.1B
| $277M | 2.36% |
2,429,622
-121,494
| -5% | -$13.4M |
|
14
Post Holdings
POST
$4.27B
| $266M | 2.27% |
4,604,626
-269,217
| -6% | -$14.7M |
|
15
Olin
OLN
$2.44B
| $252M | 2.16% |
7,370,293
+272,124
| +4% | +$8.48M |
|
16
Owens Corning
OC
$11.5B
| $245M | 2.1% |
3,173,008
-759,642
| -19% | -$53.1M |
|
|
GRA
17
DELISTED
W.R. Grace & Co.
GRA
| $239M | 2.04% |
3,317,419
-44,642
| -1% | -$3.15M |
|
18
Labcorp
LH
$25.8B
| $239M | 2.04% |
1,841,408
-21,316
| -1% | -$2.84M |
|
|
HDS
19
DELISTED
HD Supply Holdings, Inc.
HDS
| $234M | 2% |
6,494,285
-48,961
| -0.7% | -$1.57M |
|
20
Adient
ADNT
$1.7B
| $234M | 2% |
2,787,814
+47,508
| +2% | +$3.37M |
|
21
Travel + Leisure Co
TNL
$4.81B
| $231M | 1.97% |
4,847,722
+1,399,100
| +41% | +$63.8M |
|
22
Armstrong World Industries
AWI
$7.62B
| $228M | 1.95% |
4,457,812
-292,863
| -6% | -$13.8M |
|
23
BlackBerry
BB
$4.74B
| $227M | 1.94% |
20,300,263
-2,455,721
| -11% | -$23.1M |
|
24
MGM Resorts International
MGM
$11.8B
| $227M | 1.94% |
6,961,786
+823,891
| +13% | +$26.5M |
|
25
HP
HPQ
$25.9B
| $221M | 1.89% |
11,065,601
+1,542,104
| +16% | +$29.4M |
|
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Iridian Asset Management's Q3 2017 Portfolio in Review
As of Q3 2017, Iridian Asset Management held 90 positions worth $11.7B, up 3.6% from $11.3B the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Iridian Asset Management withdrew a net $368M in Q3 2017, closing 13 positions and reducing 35 holdings. Its most notable exit was Newell Brands, an estimated $244M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 26% of assets, up from 24% a quarter earlier, followed by Technology and Industrials.
Against the trend, Iridian Asset Management opened a new position in First Data Corporation worth $122M.
- Iridian Asset Management's largest Q3 2017 buy was First Data Corporation: 6,758,069 shares worth $122M.
- Iridian Asset Management added most to Martin Marietta Materials in Q3 2017, an estimated $133M increase.
- Iridian Asset Management's biggest Q3 2017 reduction was Sealed Air, cutting an estimated $117M.
- Iridian Asset Management fully exited Newell Brands in Q3 2017, selling an estimated $244M.
- Iridian Asset Management's ten largest holdings make up 33% of its $11.7B portfolio in Q3 2017.
- Iridian Asset Management opened 9 new positions and closed 13 in Q3 2017.
- Iridian Asset Management's portfolio value rose 3.6% quarter-over-quarter to $11.7B.
Based on Iridian Asset Management's 13F filing for Q3 2017, filed 8 Nov 2017.