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TCA
Taconic Capital Advisors Portfolio holdings
AUM
$212M
1-Year Est. Return
100.15%
This Fund
S&P 500
This Quarter
Est. Return
+11.46%
1 Year Est. Return
+100.15%
3 Year Est. Return
+273.22%
5 Year Est. Return
+348.02%
10 Year Est. Return
+1,268.69%
AUM
$2.29B
AUM Growth
-$191M
(-7.7%)
Cap. Flow
-$425M
Cap. Flow
% of AUM
-18.56%
Top 10 Holdings %
Top 10 Hldgs %
50.55%
Holding
112
New
26
Increased
20
Reduced
24
Closed
26
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
+$224M |
| 2 |
DTV
DIRECTV COM STK (DE)
DTV
|
+$114M |
| 3 |
Bausch Health
BHC
|
+$108M |
| 4 |
CIT
CIT Group Inc.
CIT
|
+$38.3M |
| 5 |
Ally Financial
ALLY
|
+$29.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
General Motors
GM
|
+$261M |
| 2 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$256M |
| 3 |
WPX
WPX Energy, Inc.
WPX
|
+$155M |
| 4 |
Ashland
ASH
|
+$96.8M |
| 5 |
BIG
Big Lots, Inc.
BIG
|
+$52.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 18.97% |
| 2 | Consumer Discretionary | 16.82% |
| 3 | Communication Services | 14.04% |
| 4 | Technology | 10.6% |
| 5 | Industrials | 8.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
CALL
Crown Castle
CCI
$31.2B
| $873K | 0.04% |
1,025,000
-300,000
| -23% | -$22.5M |
|
77
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$799B
| $829K | 0.04% |
1,100,000
-9,500,000
| -90% | -$1.81B |
|
78
CALL
Assured Guaranty
AGO
$3.14B
| $324K | 0.01% |
700,000
| – | – |
|
|
SUNE
79
PUT
DELISTED
SUNEDISON, INC COM
SUNE
| $318K | 0.01% |
+200,000
| New | +$3.89M |
|
80
CALL
Weyerhaeuser
WY
$16.1B
| $195K | 0.01% |
+7,783,000
| New | +$235M |
|
81
CALL
Delta Air Lines
DAL
$51.9B
| $187K | 0.01% |
200,000
-100,000
| -33% | -$3.77M |
|
82
PUT
iShares US Real Estate ETF
IYR
$4.27B
| $157K | 0.01% |
+370,000
| New | +$26.1M |
|
83
CALL
Outfront Media
OUT
$4.95B
| $21K | ﹤0.01% |
+554,333
| New | +$13.1M |
|
|
TPH
84
CALL
DELISTED
Tri Pointe Homes
TPH
| $17K | ﹤0.01% |
+675,000
| New | +$10.9M |
|
85
American Tower
AMT
$82.8B
| – | – |
-142,500
| Closed | -$11.7M |
|
86
AngloGold Ashanti
AU
$50.9B
| – | – |
-310,000
| Closed | -$5.29M |
|
87
Boeing
BA
$166B
| – | – |
-200,000
| Closed | -$25.1M |
|
|
88
PUT
Crown Castle
CCI
$31.2B
| – | – |
-50,000
| Closed | -$6K |
|
89
Crown Holdings
CCK
$12.2B
| – | – |
-400,000
| Closed | -$17.9M |
|
90
CALL
Deutsche Bank
DB
$72.7B
| – | – |
-997,696
| Closed | -$23K |
|
91
CALL
eBay
EBAY
$48.1B
| – | – |
-475,200
| Closed | -$17K |
|
92
CALL
Liberty Global Class A
LBTYA
$3.58B
| – | – |
-480,744
| Closed | -$218K |
|
93
McDonald's
MCD
$179B
| – | – |
-400,000
| Closed | -$39.2M |
|
|
MFA
94
MFA Financial
MFA
$852M
| – | – |
-662,500
| Closed | -$20.5M |
|
95
CALL
Microsoft
MSFT
$3.69T
| – | – |
-150,000
| Closed | -$204K |
|
96
Owens Corning
OC
$10.2B
| – | – |
-100,000
| Closed | -$4.32M |
|
97
Signet Jewelers
SIG
$3.83B
| – | – |
-100,000
| Closed | -$10.6M |
|
98
Sumitomo Mitsui Financial
SMFG
$170B
| – | – |
-400,000
| Closed | -$3.46M |
|
99
Target
TGT
$70.1B
| – | – |
-100,000
| Closed | -$6.05M |
|
100
Vodafone
VOD
$40.9B
| – | – |
-54,545
| Closed | -$2.01M |
|
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Taconic Capital Advisors's Q2 2014 Portfolio in Review
As of Q2 2014, Taconic Capital Advisors held 112 positions worth $2.29B, down 7.7% from $2.48B the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Taconic Capital Advisors withdrew a net $425M in Q2 2014, closing 26 positions and reducing 24 holdings. Its most notable exit was TALMER BANCORP INC (MI), an estimated $44.2M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 19% of assets, up from 1.4% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Taconic Capital Advisors opened a new position in COVIDIEN PLC COM SHS NEW (IRELAND) worth $271M.
- Taconic Capital Advisors's largest Q2 2014 buy was COVIDIEN PLC COM SHS NEW (IRELAND): 3,000,000 shares worth $271M.
- Taconic Capital Advisors added most to CIT Group Inc. in Q2 2014, an estimated $38.3M increase.
- Taconic Capital Advisors's biggest Q2 2014 reduction was General Motors, cutting an estimated $261M.
- Taconic Capital Advisors fully exited TALMER BANCORP INC (MI) in Q2 2014, selling an estimated $44.2M.
- Taconic Capital Advisors's ten largest holdings make up 51% of its $2.29B portfolio in Q2 2014.
- Taconic Capital Advisors opened 26 new positions and closed 26 in Q2 2014.
- Taconic Capital Advisors's portfolio value fell 7.7% quarter-over-quarter to $2.29B.
Based on Taconic Capital Advisors's 13F filing for Q2 2014, filed 14 Aug 2014.