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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
+11.41%
1 Year Est. Return
-11.49%
3 Year Est. Return
+11.94%
5 Year Est. Return
+37.74%
10 Year Est. Return
–
AUM
$2.52B
AUM Growth
+$75.8M
(+3.1%)
Cap. Flow
-$155M
Cap. Flow
% of AUM
-6.14%
Top 10 Holdings %
Top 10 Hldgs %
48.26%
Holding
42
New
5
Increased
12
Reduced
15
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$78.2M |
| 2 |
YHOO
Yahoo Inc
YHOO
|
+$69.3M |
| 3 |
HDS
HD Supply Holdings, Inc.
HDS
|
+$65.1M |
| 4 |
Element Solutions
ESI
|
+$57.5M |
| 5 |
Labcorp
LH
|
+$56.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nasdaq
NDAQ
|
+$72.2M |
| 2 |
Goodyear
GT
|
+$62.4M |
| 3 |
Ralph Lauren
RL
|
+$59.5M |
| 4 |
CAB
Cabela's Inc
CAB
|
+$58.2M |
| 5 |
Evertec
EVTC
|
+$51.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 31.49% |
| 2 | Technology | 20.12% |
| 3 | Communication Services | 17.16% |
| 4 | Consumer Discretionary | 10.8% |
| 5 | Industrials | 8.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Goodyear
GT
$2B
| $44.3M | 1.76% |
1,550,000
-2,521,600
| -62% | -$62.4M |
|
|
EVHC
27
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $42M | 1.67% |
404,641
-484,467
| -54% | -$49.9M |
|
28
YPF
YPF
$20.6B
| $26.9M | 1.07% |
+1,015,000
| New | +$31.4M |
|
29
HCA Healthcare
HCA
$87.2B
| $21M | 0.83% |
286,500
-529,937
| -65% | -$37.2M |
|
|
KND
30
DELISTED
Kindred Healthcare
KND
| $18.8M | 0.74% |
1,031,600
-68,400
| -6% | -$1.35M |
|
|
TMX
31
DELISTED
Terminix Global Holdings, Inc.
TMX
| $14.7M | 0.58% |
819,657
-1,278,129
| -61% | -$21.3M |
|
32
Liberty Media Series A
FWONA
$22.5B
| $14.4M | 0.57% |
609,202
-195,554
| -24% | -$4.62M |
|
|
SFXE
33
DELISTED
SFX ENTERTAINMENT, INC COM
SFXE
| $7.57M | 0.3% |
1,671,900
| – | – |
|
|
CYHHZ
34
DELISTED
Community Health Systems, Inc. Series A Contingent Value Rights
CYHHZ
| $95K | ﹤0.01% |
3,802,500
| – | – |
|
|
35
Evertec
EVTC
$1.88B
| – | – |
-2,312,616
| Closed | -$51.7M |
|
36
Live Nation Entertainment
LYV
$40.5B
| – | – |
-1,179,000
| Closed | -$28.3M |
|
|
37
Nasdaq
NDAQ
$52.7B
| – | – |
-5,103,000
| Closed | -$72.2M |
|
|
38
Ralph Lauren
RL
$22.6B
| – | – |
-361,000
| Closed | -$59.5M |
|
|
LORL
39
DELISTED
Loral Space and Communications, Inc.
LORL
| – | – |
-144,549
| Closed | -$10.4M |
|
|
AET
40
DELISTED
Aetna Inc
AET
| – | – |
-490,000
| Closed | -$39.7M |
|
|
CAB
41
DELISTED
Cabela's Inc
CAB
| – | – |
-988,800
| Closed | -$58.2M |
|
|
LO
42
CALL
DELISTED
LORILLARD INC COM STK
LO
| – | – |
-500,000
| Closed | -$30M |
|
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Roystone Capital Management's Q4 2014 Portfolio in Review
As of Q4 2014, Roystone Capital Management held 42 positions worth $2.52B, up 3.1% from $2.45B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Roystone Capital Management withdrew a net $155M in Q4 2014, closing 8 positions and reducing 15 holdings. Its most notable exit was Nasdaq, an estimated $72.2M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 31% of assets, up from 26% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Roystone Capital Management opened a new position in Allergan plc worth $80.6M.
- Roystone Capital Management's largest Q4 2014 buy was Allergan plc: 313,000 shares worth $80.6M.
- Roystone Capital Management added most to Yahoo Inc in Q4 2014, an estimated $69.3M increase.
- Roystone Capital Management's biggest Q4 2014 reduction was Goodyear, cutting an estimated $62.4M.
- Roystone Capital Management fully exited Nasdaq in Q4 2014, selling an estimated $72.2M.
- Roystone Capital Management's ten largest holdings make up 48% of its $2.52B portfolio in Q4 2014.
- Roystone Capital Management opened 5 new positions and closed 8 in Q4 2014.
- Roystone Capital Management's portfolio value rose 3.1% quarter-over-quarter to $2.52B.
Based on Roystone Capital Management's 13F filing for Q4 2014, filed 17 Feb 2015.