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Theleme Partners Portfolio holdings
AUM
$1.5B
1-Year Est. Return
19.72%
This Fund
S&P 500
This Quarter
Est. Return
+4.6%
1 Year Est. Return
+19.72%
3 Year Est. Return
+14.79%
5 Year Est. Return
+49.97%
10 Year Est. Return
+570.33%
AUM
$1.53B
AUM Growth
-$154M
(-9.1%)
Cap. Flow
-$212M
Cap. Flow
% of AUM
-13.81%
Top 10 Holdings %
Top 10 Hldgs %
98.33%
Holding
15
New
1
Increased
6
Reduced
4
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SCHW
Charles Schwab
SCHW
|
+$45.3M |
| 2 |
Bank of America
BAC
|
+$31.3M |
| 3 |
Microsoft
MSFT
|
+$21.4M |
| 4 |
Wells Fargo
WFC
|
+$15.1M |
| 5 |
CME Group
CME
|
+$13.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Express
AXP
|
+$151M |
| 2 |
Mastercard
MA
|
+$85.2M |
| 3 |
Masco
MAS
|
+$54.9M |
| 4 |
Herc Holdings
HRI
|
+$19.5M |
| 5 |
Dollar General
DG
|
+$15.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 69.09% |
| 2 | Consumer Discretionary | 23.76% |
| 3 | Consumer Staples | 5.49% |
| 4 | Technology | 1.52% |
| 5 | Industrials | 0.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Wells Fargo
WFC
$258B
| $439M | 28.66% |
8,834,000
+325,000
| +4% | +$15.1M |
|
|
SCHW
2
Charles Schwab
SCHW
$181B
| $220M | 14.32% |
8,035,000
+1,734,000
| +28% | +$45.3M |
|
|
3
Bank of America
BAC
$433B
| $188M | 12.29% |
10,955,000
+1,860,000
| +20% | +$31.3M |
|
|
MHFI
4
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
| $137M | 8.91% |
1,790,000
+60,000
| +3% | +$4.69M |
|
5
Lowe's Companies
LOW
$118B
| $112M | 7.3% |
2,289,000
-230,000
| -9% | -$11.1M |
|
6
BorgWarner
BWA
$13.2B
| $112M | 7.3% |
2,067,520
-238,560
| -10% | -$12.2M |
|
|
7
Dollar General
DG
$28.1B
| $84.1M | 5.49% |
1,516,000
-265,000
| -15% | -$15.4M |
|
|
8
CME Group
CME
$96.1B
| $75.3M | 4.91% |
1,016,950
+176,950
| +21% | +$13.3M |
|
|
HBI
9
DELISTED
Hanesbrands
HBI
| $70.4M | 4.59% |
3,684,000
| – | – |
|
10
Mohawk Industries
MHK
$7.29B
| $70M | 4.57% |
515,000
+47,000
| +10% | +$6.73M |
|
|
11
Microsoft
MSFT
$3.35T
| $23.4M | 1.52% |
+570,000
| New | +$21.4M |
|
|
12
Masco
MAS
$14.2B
| $2.22M | 0.14% |
113,800
-2,782,410
| -96% | -$54.9M |
|
|
13
American Express
AXP
$228B
| – | – |
-1,669,000
| Closed | -$151M |
|
|
14
Herc Holdings
HRI
$4.88B
| – | – |
-226,667
| Closed | -$19.5M |
|
|
15
Mastercard
MA
$510B
| – | – |
-1,020,000
| Closed | -$85.2M |
|
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Theleme Partners's Q1 2014 Portfolio in Review
As of Q1 2014, Theleme Partners held 15 positions worth $1.53B, down 9.1% from $1.69B the previous quarter. Its ten largest holdings account for 98% of the portfolio.
Theleme Partners withdrew a net $212M in Q1 2014, closing 3 positions and reducing 4 holdings. Its most notable exit was American Express, an estimated $151M position sold in full.
By sector, the portfolio is most concentrated in Financials at 69% of assets, up from 67% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.
Against the trend, Theleme Partners opened a new position in Microsoft worth $23.4M.
- Theleme Partners's largest Q1 2014 buy was Microsoft: 570,000 shares worth $23.4M.
- Theleme Partners added most to Charles Schwab in Q1 2014, an estimated $45.3M increase.
- Theleme Partners's biggest Q1 2014 reduction was Masco, cutting an estimated $54.9M.
- Theleme Partners fully exited American Express in Q1 2014, selling an estimated $151M.
- Theleme Partners's ten largest holdings make up 98% of its $1.53B portfolio in Q1 2014.
- Theleme Partners opened 1 new position and closed 3 in Q1 2014.
- Theleme Partners's portfolio value fell 9.1% quarter-over-quarter to $1.53B.
Based on Theleme Partners's 13F filing for Q1 2014, filed 14 May 2014.