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Polar Capital Portfolio holdings
AUM
$13.5B
1-Year Est. Return
55.9%
This Fund
S&P 500
This Quarter
Est. Return
-13.72%
1 Year Est. Return
+55.9%
3 Year Est. Return
+127.44%
5 Year Est. Return
+269.08%
10 Year Est. Return
–
AUM
$9.35B
AUM Growth
-$2.4B
(-20%)
Cap. Flow
-$757M
Cap. Flow
% of AUM
-8.1%
Top 10 Holdings %
Top 10 Hldgs %
23.15%
Holding
300
New
33
Increased
109
Reduced
94
Closed
43
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Danaher
DHR
|
+$66.5M |
| 2 |
Berkshire Hathaway Class B
BRK.B
|
+$62.4M |
| 3 |
Thermo Fisher Scientific
TMO
|
+$53.8M |
| 4 |
Arista Networks
ANET
|
+$47M |
| 5 |
Boston Scientific
BSX
|
+$45.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Merck
MRK
|
+$112M |
| 2 |
Amgen
AMGN
|
+$102M |
| 3 |
Apple
AAPL
|
+$102M |
| 4 |
ATVI
Activision Blizzard
ATVI
|
+$72.8M |
| 5 |
Flex
FLEX
|
+$70.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.47% |
| 2 | Financials | 23.51% |
| 3 | Healthcare | 21.25% |
| 4 | Communication Services | 7.66% |
| 5 | Consumer Discretionary | 6.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$2.84T
| $380M | 4.06% |
3,741,949
-492,941
| -12% | -$52.8M |
|
2
Alphabet (Google) Class C
GOOG
$3.9T
| $332M | 3.55% |
6,410,380
-1,049,940
| -14% | -$56.2M |
|
3
Arch Capital
ACGL
$36.1B
| $205M | 2.2% |
7,686,413
-277,004
| -3% | -$7.66M |
|
4
Chubb
CB
$140B
| $199M | 2.13% |
1,544,127
+18,203
| +1% | +$2.35M |
|
|
5
Alphabet (Google) Class A
GOOGL
$3.91T
| $197M | 2.11% |
3,779,840
-506,620
| -12% | -$27.4M |
|
6
Amazon
AMZN
$2.5T
| $196M | 2.1% |
2,612,640
-350,920
| -12% | -$29.2M |
|
7
Johnson & Johnson
JNJ
$634B
| $189M | 2.02% |
1,463,500
+213,500
| +17% | +$29.8M |
|
|
8
Apple
AAPL
$4.89T
| $177M | 1.89% |
4,484,380
-2,100,848
| -32% | -$102M |
|
9
Alibaba
BABA
$269B
| $156M | 1.67% |
1,141,175
+265,257
| +30% | +$39.2M |
|
|
10
Berkshire Hathaway Class B
BRK.B
$1.07T
| $133M | 1.42% |
651,409
+298,909
| +85% | +$62.4M |
|
11
Meta Platforms (Facebook)
META
$1.51T
| $132M | 1.41% |
1,005,259
-344,542
| -26% | -$49.9M |
|
12
Visa
V
$677B
| $129M | 1.38% |
977,620
-205,865
| -17% | -$28.4M |
|
|
MRSH
13
Marsh
MRSH
$86.3B
| $127M | 1.36% |
1,598,327
-82,995
| -5% | -$6.92M |
|
14
Markel Group
MKL
$25B
| $126M | 1.35% |
121,773
+1,020
| +0.8% | +$1.12M |
|
15
UnitedHealth
UNH
$382B
| $122M | 1.31% |
490,705
+1,500
| +0.3% | +$396K |
|
16
Medtronic
MDT
$107B
| $114M | 1.21% |
1,249,080
-197,086
| -14% | -$18.4M |
|
17
Abbott
ABT
$180B
| $111M | 1.18% |
1,530,000
+535,000
| +54% | +$37.6M |
|
18
Autodesk
ADSK
$44.3B
| $110M | 1.17% |
854,224
+49,456
| +6% | +$6.68M |
|
19
Dolby
DLB
$4.72B
| $101M | 1.08% |
1,637,434
-450,564
| -22% | -$30.3M |
|
|
GRUB
20
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $97.4M | 1.04% |
634,094
+172,873
| +37% | +$32.4M |
|
21
Adobe
ADBE
$89.5B
| $92.5M | 0.99% |
409,023
+130,785
| +47% | +$31.6M |
|
22
PayPal
PYPL
$49.5B
| $88.9M | 0.95% |
1,057,355
-123,518
| -10% | -$10.3M |
|
23
Salesforce
CRM
$134B
| $84M | 0.9% |
613,161
+32,279
| +6% | +$4.44M |
|
|
Y
24
DELISTED
Alleghany Corp
Y
| $83.5M | 0.89% |
133,900
-1,850
| -1% | -$1.14M |
|
25
ServiceNow
NOW
$102B
| $83M | 0.89% |
2,329,620
+809,195
| +53% | +$28.7M |
|
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Polar Capital's Q4 2018 Portfolio in Review
As of Q4 2018, Polar Capital held 300 positions worth $9.35B, down 20% from $11.8B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Polar Capital withdrew a net $757M in Q4 2018, closing 43 positions and reducing 94 holdings. Its most notable exit was Activision Blizzard, an estimated $72.8M position sold in full.
By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 25% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Polar Capital opened a new position in Boston Scientific worth $44.2M.
- Polar Capital's largest Q4 2018 buy was Boston Scientific: 1,250,000 shares worth $44.2M.
- Polar Capital added most to Danaher in Q4 2018, an estimated $66.5M increase.
- Polar Capital's biggest Q4 2018 reduction was Merck, cutting an estimated $112M.
- Polar Capital fully exited Activision Blizzard in Q4 2018, selling an estimated $72.8M.
- Polar Capital's ten largest holdings make up 23% of its $9.35B portfolio in Q4 2018.
- Polar Capital opened 33 new positions and closed 43 in Q4 2018.
- Polar Capital's portfolio value fell 20% quarter-over-quarter to $9.35B.
Based on Polar Capital's 13F filing for Q4 2018, filed 14 Feb 2019.