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Three Bays Capital Portfolio holdings

AUM $848M
1-Year Est. Return 7.41%
This Fund
S&P 500
This Quarter Est. Return
+2.17%
1 Year Est. Return
+7.41%
3 Year Est. Return
+63.2%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$2.41B
AUM Growth
+$32.7M
Cap. Flow
+$155M
Cap. Flow %
6.44%
Top 10 Hldgs %
78.1%
Holding
33
New
10
Increased
9
Reduced
6
Closed
8

Top Buys

1
BRCM
BROADCOM CORP CL-A
BRCM
+$118M
2
CY
Cypress Semiconductor
CY
+$77.6M
3
TV icon
Televisa
TV
+$58.8M
4
ARMK icon
Aramark
ARMK
+$46.9M
5
LNG icon
Cheniere Energy
LNG
+$45.1M

Top Sells

1
AMAT icon
Applied Materials
AMAT
+$96.1M
2
QRVO icon
Qorvo
QRVO
+$89.4M
3
AGN
Allergan plc
AGN
+$50.2M
4
ICE icon
Intercontinental Exchange
ICE
+$44.2M
5
CDNS icon
Cadence Design Systems
CDNS
+$41.1M

Sector Composition

1 Technology 14.8%
2 Consumer Discretionary 5.88%
3 Healthcare 4.31%
4 Financials 3.75%
5 Energy 3.43%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMAT icon
26
Applied Materials
AMAT
$421B
– –
-4,684,749
Closed -$96.1M
MRC
27
DELISTED
MRC Global
MRC
– –
-1,438,700
Closed -$17M
QRVO icon
28
CALL
Qorvo
QRVO
$7.54B
– –
-700,000
Closed -$55.8M
QRVO icon
29
Qorvo
QRVO
$7.54B
– –
-1,122,234
Closed -$89.4M
RIG icon
30
PUT
Transocean
RIG
$5.69B
– –
-3,000,000
Closed -$44M
TAP icon
31
Molson Coors Class B
TAP
$7.68B
– –
-283,000
Closed -$21.1M
ACT.PRA
32
DELISTED
ACTAVIS PLC Pfd Conv Ser A (Irl)
ACT.PRA
– –
-7,500
Closed -$7.59M
ESV
33
PUT
DELISTED
Ensco Rowan plc
ESV
– –
-250,000
Closed -$21.1M
1
2

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GCM
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CCM
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PC
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Three Bays Capital's Q2 2015 Portfolio in Review

As of Q2 2015, Three Bays Capital held 33 positions worth $2.41B, up 1.4% from $2.38B the previous quarter. Its ten largest holdings account for 78% of the portfolio.

Three Bays Capital deployed $155M of net new capital in Q2 2015, opening 10 new positions and adding to 9 existing holdings. Its largest new stake was BROADCOM CORP CL-A: 2,431,000 shares worth $125M.

By sector, the portfolio is most concentrated in Technology at 15% of assets, down from 20% a quarter earlier, followed by Consumer Discretionary and Healthcare.

On the sell side, the largest reduction was Allergan plc, an estimated $50.2M trimmed.

  • Three Bays Capital's largest Q2 2015 buy was BROADCOM CORP CL-A: 2,431,000 shares worth $125M.
  • Three Bays Capital added most to Cypress Semiconductor in Q2 2015, an estimated $77.6M increase.
  • Three Bays Capital's biggest Q2 2015 reduction was Allergan plc, cutting an estimated $50.2M.
  • Three Bays Capital fully exited Applied Materials in Q2 2015, selling an estimated $96.1M.
  • Three Bays Capital's ten largest holdings make up 78% of its $2.41B portfolio in Q2 2015.
  • Three Bays Capital opened 10 new positions and closed 8 in Q2 2015.
  • Three Bays Capital's portfolio value rose 1.4% quarter-over-quarter to $2.41B.

Based on Three Bays Capital's 13F filing for Q2 2015, filed 14 Aug 2015.