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RCM
Roystone Capital Management Portfolio holdings
AUM
$590M
1-Year Est. Return
11.49%
This Fund
S&P 500
This Quarter
Est. Return
-17.17%
1 Year Est. Return
-11.49%
3 Year Est. Return
+11.94%
5 Year Est. Return
+37.74%
10 Year Est. Return
–
AUM
$590M
AUM Growth
-$613M
(-51%)
Cap. Flow
-$477M
Cap. Flow
% of AUM
-80.83%
Top 10 Holdings %
Top 10 Hldgs %
66%
Holding
33
New
5
Increased
5
Reduced
11
Closed
11
Avg Time Held
4
quarters
Top 10 Avg Time Held
2.3
quarters
Top 20 Avg Time Held
2.8
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cigna
CI
|
+$30.5M |
| 2 |
CVS Health
CVS
|
+$22.7M |
| 3 |
KraneShares CSI China Internet ETF
KWEB
|
+$19.5M |
| 4 |
Centene
CNC
|
+$18.5M |
| 5 |
Carnival Corporation Ltd
CCL
|
+$16.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AET
Aetna Inc
AET
|
+$110M |
| 2 |
ESRX
Express Scripts Holding Company
ESRX
|
+$84M |
| 3 |
EVHC
Envision Healthcare Holdings Inc
EVHC
|
+$64.4M |
| 4 |
Baidu
BIDU
|
+$50.7M |
| 5 |
SHPG
Shire pic
SHPG
|
+$46.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.81% |
| 2 | Consumer Discretionary | 23.79% |
| 3 | Healthcare | 16.21% |
| 4 | Financials | 10.92% |
| 5 | Utilities | 10.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
McKesson
MCK
$112B
| – | – |
-301,106
| Closed | -$39.9M | – |
|
27
Meta Platforms (Facebook)
META
$1.94T
| – | – |
-132,900
| Closed | -$21.9M | – |
|
28
Vulcan Materials
VMC
$31.6B
| – | – |
-50,800
| Closed | -$5.65M | – |
|
|
MFGP
29
DELISTED
Micro Focus International plc. American Depositary Shares, each representing One Ordinary Share
MFGP
| – | – |
-1,309,835
| Closed | -$29.3M | – |
|
|
ESRX
30
DELISTED
Express Scripts Holding Company
ESRX
| – | – |
-883,700
| Closed | -$84M | – |
|
|
AET
31
DELISTED
Aetna Inc
AET
| – | – |
-543,750
| Closed | -$110M | – |
|
|
EVHC
32
DELISTED
Envision Healthcare Holdings Inc
EVHC
| – | – |
-1,408,128
| Closed | -$64.4M | – |
|
|
SHPG
33
DELISTED
Shire pic
SHPG
| – | – |
-254,300
| Closed | -$46.1M | – |
|
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Roystone Capital Management's Q4 2018 Portfolio in Review
As of Q4 2018, Roystone Capital Management held 33 positions worth $590M, down 51% from $1.2B the previous quarter. Its ten largest holdings account for 66% of the portfolio.
Roystone Capital Management withdrew a net $477M in Q4 2018, closing 11 positions and reducing 11 holdings. Its most notable exit was Aetna Inc, an estimated $110M position sold in full.
By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 24% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Roystone Capital Management opened a new position in CVS Health worth $19.9M.
- Roystone Capital Management's largest Q4 2018 buy was CVS Health: 303,699 shares worth $19.9M.
- Roystone Capital Management added most to Cigna in Q4 2018, an estimated $30.5M increase.
- Roystone Capital Management's biggest Q4 2018 reduction was Marvell Technology, cutting an estimated $34.8M.
- Roystone Capital Management fully exited Aetna Inc in Q4 2018, selling an estimated $110M.
- Roystone Capital Management's ten largest holdings make up 66% of its $590M portfolio in Q4 2018.
- Roystone Capital Management opened 5 new positions and closed 11 in Q4 2018.
- Roystone Capital Management's portfolio value fell 51% quarter-over-quarter to $590M.
Based on Roystone Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.