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MCM
Melvin Capital Management Portfolio holdings
AUM
$9.86B
1-Year Est. Return
16.31%
This Fund
S&P 500
This Quarter
Est. Return
-19.66%
1 Year Est. Return
+16.31%
3 Year Est. Return
+156.45%
5 Year Est. Return
+314.56%
10 Year Est. Return
–
AUM
$7.35B
AUM Growth
-$2.15B
(-23%)
Cap. Flow
-$520M
Cap. Flow
% of AUM
-7.07%
Top 10 Holdings %
Top 10 Hldgs %
41.48%
Holding
127
New
33
Increased
29
Reduced
19
Closed
45
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Adobe
ADBE
|
+$377M |
| 2 |
Las Vegas Sands
LVS
|
+$259M |
| 3 |
Amazon
AMZN
|
+$231M |
| 4 |
Align Technology
ALGN
|
+$221M |
| 5 |
PayPal
PYPL
|
+$184M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$300M |
| 2 |
Alibaba
BABA
|
+$296M |
| 3 |
Constellation Brands
STZ
|
+$190M |
| 4 |
Salesforce
CRM
|
+$170M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$165M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 21.68% |
| 2 | Technology | 13.92% |
| 3 | Communication Services | 10.35% |
| 4 | Financials | 10.06% |
| 5 | Consumer Staples | 7.75% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ASNA
76
PUT
DELISTED
Ascena Retail Group, Inc.
ASNA
| $4.52M | 0.06% |
+90,000
| New | +$6.36M |
|
|
TBCH
77
PUT
Turtle Beach Corp
TBCH
$254M
| $4.28M | 0.06% |
300,000
-100,000
| -25% | -$1.72M |
|
78
CALL
Eagle Materials
EXP
$6.59B
| $3.05M | 0.04% |
50,000
-100,000
| -67% | -$7.17M |
|
79
PUT
Buckle
BKE
$2.37B
| $2.9M | 0.04% |
150,000
-200,000
| -57% | -$4.05M |
|
80
PUT
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$4.93B
| $2.86M | 0.04% |
+150,000
| New | +$3.24M |
|
|
CBL
81
PUT
DELISTED
CBL& Associates Properties, Inc.
CBL
| $1.92M | 0.03% |
1,000,000
-500,000
| -33% | -$1.47M |
|
|
TBCH
82
Turtle Beach Corp
TBCH
$254M
| $1.71M | 0.02% |
+120,000
| New | +$2.06M |
|
83
CALL
Aptiv
APTV
$12.1B
| – | – |
-300,000
| Closed | -$25.2M |
|
|
84
CALL
Alibaba
BABA
$305B
| – | – |
-414,400
| Closed | -$68.3M |
|
|
85
Alibaba
BABA
$305B
| – | – |
-1,796,108
| Closed | -$296M |
|
86
PUT
Carter's
CRI
$1.47B
| – | – |
-200,000
| Closed | -$19.7M |
|
|
87
Salesforce
CRM
$152B
| – | – |
-1,070,693
| Closed | -$170M |
|
88
PUT
Crocs
CROX
$6.47B
| – | – |
-450,000
| Closed | -$9.58M |
|
89
PUT
Dillards
DDS
$9.57B
| – | – |
-294,600
| Closed | -$22.5M |
|
90
PUT
Dick's Sporting Goods
DKS
$18B
| – | – |
-1,031,100
| Closed | -$36.6M |
|
91
CALL
Electronic Arts
EA
$53B
| – | – |
-3,454,000
| Closed | -$416M |
|
92
CALL
New Oriental
EDU
$9.4B
| – | – |
-2,030,700
| Closed | -$150M |
|
|
93
Eagle Materials
EXP
$6.59B
| – | – |
-1,450,000
| Closed | -$104M |
|
94
PUT
General Mills
GIS
$19.2B
| – | – |
-736,500
| Closed | -$31.6M |
|
|
95
CALL
Alphabet (Google) Class A
GOOGL
$4.57T
| – | – |
-1,382,000
| Closed | -$83.4M |
|
96
Hilton Worldwide
HLT
$70.7B
| – | – |
-1,550,000
| Closed | -$125M |
|
97
PUT
Henry Schein
HSIC
$9.85B
| – | – |
-255,000
| Closed | -$17M |
|
98
PUT
Kroger
KR
$35.7B
| – | – |
-1,473,000
| Closed | -$42.9M |
|
99
Masco
MAS
$14.7B
| – | – |
-800,000
| Closed | -$29.3M |
|
100
PUT
MiMedx Group
MDXG
$622M
| – | – |
-500,000
| Closed | -$3.09M |
|
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Melvin Capital Management's Q4 2018 Portfolio in Review
As of Q4 2018, Melvin Capital Management held 127 positions worth $7.35B, down 23% from $9.5B the previous quarter. Its ten largest holdings account for 41% of the portfolio.
Melvin Capital Management withdrew a net $520M in Q4 2018, closing 45 positions and reducing 19 holdings. Its most notable exit was Microsoft, an estimated $300M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 22% of assets, up from 17% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Melvin Capital Management opened a new position in Adobe worth $353M.
- Melvin Capital Management's largest Q4 2018 buy was Adobe: 1,559,928 shares worth $353M.
- Melvin Capital Management added most to Amazon in Q4 2018, an estimated $231M increase.
- Melvin Capital Management's biggest Q4 2018 reduction was Constellation Brands, cutting an estimated $190M.
- Melvin Capital Management fully exited Microsoft in Q4 2018, selling an estimated $300M.
- Melvin Capital Management's ten largest holdings make up 41% of its $7.35B portfolio in Q4 2018.
- Melvin Capital Management opened 33 new positions and closed 45 in Q4 2018.
- Melvin Capital Management's portfolio value fell 23% quarter-over-quarter to $7.35B.
Based on Melvin Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.