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Passport Capital Portfolio holdings
AUM
$394M
1-Year Est. Return
50.67%
This Fund
S&P 500
This Quarter
Est. Return
+22.08%
1 Year Est. Return
+50.67%
3 Year Est. Return
+40.2%
5 Year Est. Return
+88.96%
10 Year Est. Return
–
AUM
$2.94B
AUM Growth
-$156M
(-5%)
Cap. Flow
-$495M
Cap. Flow
% of AUM
-16.87%
Top 10 Holdings %
Top 10 Hldgs %
48.25%
Holding
209
New
69
Increased
29
Reduced
37
Closed
68
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gaming and Leisure Properties
GLPI
|
+$105M |
| 2 |
SFUN
Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares)
SFUN
|
+$72M |
| 3 |
CF Industries
CF
|
+$68.8M |
| 4 |
WUBA
58.com Inc
WUBA
|
+$51.9M |
| 5 |
Cheniere Energy
LNG
|
+$46.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Baidu
BIDU
|
+$72.7M |
| 2 |
PENN Entertainment
PENN
|
+$70.3M |
| 3 |
International Paper
IP
|
+$53.3M |
| 4 |
Herc Holdings
HRI
|
+$52.8M |
| 5 |
DTV
DIRECTV COM STK (DE)
DTV
|
+$46.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 12.22% |
| 2 | Materials | 11.89% |
| 3 | Consumer Discretionary | 11.86% |
| 4 | Energy | 8.24% |
| 5 | Technology | 5.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
CALL
Yum! Brands
YUM
$41.9B
| $37.8M | 1.29% |
+695,500
| New | +$35.8M |
|
27
NextEra Energy
NEE
$184B
| $36.3M | 1.23% |
1,693,568
-261,204
| -13% | -$5.51M |
|
28
Plains GP Holdings
PAGP
$5.28B
| $34.6M | 1.18% |
+485,207
| New | +$30.4M |
|
|
TWTR
29
DELISTED
Twitter, Inc.
TWTR
| $33.8M | 1.15% |
+599,175
| New | +$29.8M |
|
30
Lowe's Companies
LOW
$121B
| $31.7M | 1.08% |
+639,945
| New | +$31.1M |
|
31
PUT
United States Oil Fund
USO
$2.15B
| $26.5M | 0.9% |
+93,750
| New | +$26.3M |
|
32
Booking.com
BKNG
$156B
| $25.8M | 0.88% |
554,600
+537,100
| +3,069% | +$23.9M |
|
33
Wolfspeed
WOLF
$1.04B
| $22.7M | 0.77% |
363,318
+348,384
| +2,333% | +$21.5M |
|
|
UFS
34
DELISTED
DOMTAR CORPORATION (New)
UFS
| $22.1M | 0.75% |
469,544
+10,816
| +2% | +$470K |
|
|
GOMO
35
DELISTED
SUNGY MOBILE LTD ADS
GOMO
| $21.5M | 0.73% |
+1,049,300
| New | +$17.5M |
|
|
CPN
36
DELISTED
Calpine Corporation
CPN
| $20.8M | 0.71% |
1,068,043
-543
| -0.1% | -$10.6K |
|
37
Sempra
SRE
$58.1B
| $15.7M | 0.54% |
350,768
-229,238
| -40% | -$10.2M |
|
|
X
38
CALL
DELISTED
US Steel
X
| $14.8M | 0.5% |
+500,000
| New | +$12.9M |
|
39
Comcast
CMCSA
$87.3B
| $14.2M | 0.49% |
548,134
-206,886
| -27% | -$4.98M |
|
|
HSNI
40
DELISTED
HSN, Inc.
HSNI
| $12.1M | 0.41% |
+195,004
| New | +$11M |
|
41
PUT
HP
HPQ
$26B
| $11.8M | 0.4% |
+924,840
| New | +$10.6M |
|
42
PUT
iShares Russell 2000 ETF
IWM
$79.1B
| $11.5M | 0.39% |
100,000
-5,605,000
| -98% | -$619M |
|
43
CALL
VanEck Gold Miners ETF
GDX
$22.5B
| $10.6M | 0.36% |
500,000
| – | – |
|
|
TWX
44
DELISTED
Time Warner Inc
TWX
| $10.6M | 0.36% |
157,995
+90,200
| +133% | +$5.83M |
|
45
CALL
Ulta Beauty
ULTA
$21.8B
| $9.65M | 0.33% |
+100,000
| New | +$11.7M |
|
|
X
46
PUT
DELISTED
US Steel
X
| $8.85M | 0.3% |
+300,000
| New | +$7.73M |
|
47
Danaher
DHR
$138B
| $8.49M | 0.29% |
163,662
+44,635
| +37% | +$2.19M |
|
|
SINA
48
DELISTED
Sina Corp
SINA
| $8.43M | 0.29% |
100,000
-7,500
| -7% | -$613K |
|
|
SDLP
49
DELISTED
SEADRILL PARTNERS LLC
SDLP
| $7.67M | 0.26% |
24,756
+18,403
| +290% | +$5.89M |
|
|
TYC
50
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
| $6.98M | 0.24% |
162,350
+105,050
| +183% | +$4.08M |
|
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Passport Capital's Q4 2013 Portfolio in Review
As of Q4 2013, Passport Capital held 209 positions worth $2.94B, down 5% from $3.09B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Passport Capital withdrew a net $495M in Q4 2013, closing 68 positions and reducing 37 holdings. Its most notable exit was Baidu, an estimated $72.7M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 12% of assets, up from 11% a quarter earlier, followed by Materials and Consumer Discretionary.
Against the trend, Passport Capital opened a new position in Gaming and Leisure Properties worth $112M.
- Passport Capital's largest Q4 2013 buy was Gaming and Leisure Properties: 2,213,948 shares worth $112M.
- Passport Capital added most to Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares) in Q4 2013, an estimated $72M increase.
- Passport Capital's biggest Q4 2013 reduction was International Paper, cutting an estimated $53.3M.
- Passport Capital fully exited Baidu in Q4 2013, selling an estimated $72.7M.
- Passport Capital's ten largest holdings make up 48% of its $2.94B portfolio in Q4 2013.
- Passport Capital opened 69 new positions and closed 68 in Q4 2013.
- Passport Capital's portfolio value fell 5% quarter-over-quarter to $2.94B.
Based on Passport Capital's 13F filing for Q4 2013, filed 13 Feb 2014.