We are live on
!
Find out more
TBC
Three Bays Capital Portfolio holdings
AUM
$848M
1-Year Est. Return
7.41%
This Fund
S&P 500
This Quarter
Est. Return
-9.19%
1 Year Est. Return
+7.41%
3 Year Est. Return
+63.2%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$2B
AUM Growth
-$413M
(-17%)
Cap. Flow
-$161M
Cap. Flow
% of AUM
-8.05%
Top 10 Holdings %
Top 10 Hldgs %
84.63%
Holding
30
New
5
Increased
8
Reduced
5
Closed
7
Top Buys
| 1 |
CY
Cypress Semiconductor
CY
|
+$79.6M |
| 2 |
Franklin Resources
BEN
|
+$43.3M |
| 3 |
AGN
Allergan plc
AGN
|
+$41.5M |
| 4 |
VER
VEREIT, Inc.
VER
|
+$41.3M |
| 5 |
Cheniere Energy
LNG
|
+$36.1M |
Top Sells
| 1 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$125M |
| 2 |
Televisa
TV
|
+$61.9M |
| 3 |
Axalta
AXTA
|
+$45.1M |
| 4 |
HOUS
Anywhere Real Estate
HOUS
|
+$26.2M |
| 5 |
Sensata Technologies
ST
|
+$16.1M |
Sector Composition
| 1 | Technology | 18.13% |
| 2 | Consumer Discretionary | 7.73% |
| 3 | Financials | 6.62% |
| 4 | Healthcare | 6.15% |
| 5 | Energy | 4.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Sensata Technologies
ST
$6.55B
| – | – |
-306,000
| Closed | -$16.1M |
|
27
PUT
Tidewater
TDW
$3.77B
| – | – |
-38,750
| Closed | -$28.4M |
|
|
28
Televisa
TV
$1.43B
| – | – |
-1,595,711
| Closed | -$61.9M |
|
|
APC
29
CALL
DELISTED
Anadarko Petroleum
APC
| – | – |
-4,920,000
| Closed | -$384M |
|
|
BRCM
30
DELISTED
BROADCOM CORP CL-A
BRCM
| – | – |
-2,431,000
| Closed | -$125M |
|
Similar funds
BWCA
RW
AC
GCM
CCM
BCM
PC
SE
Three Bays Capital's Q3 2015 Portfolio in Review
As of Q3 2015, Three Bays Capital held 30 positions worth $2B, down 17% from $2.41B the previous quarter. Its ten largest holdings account for 85% of the portfolio.
Three Bays Capital withdrew a net $161M in Q3 2015, closing 7 positions and reducing 5 holdings. Its most notable exit was BROADCOM CORP CL-A, an estimated $125M position sold in full.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 15% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Three Bays Capital opened a new position in Franklin Resources worth $37.3M.
- Three Bays Capital's largest Q3 2015 buy was Franklin Resources: 1,000,000 shares worth $37.3M.
- Three Bays Capital added most to Cypress Semiconductor in Q3 2015, an estimated $79.6M increase.
- Three Bays Capital's biggest Q3 2015 reduction was Anywhere Real Estate, cutting an estimated $26.2M.
- Three Bays Capital fully exited BROADCOM CORP CL-A in Q3 2015, selling an estimated $125M.
- Three Bays Capital's ten largest holdings make up 85% of its $2B portfolio in Q3 2015.
- Three Bays Capital opened 5 new positions and closed 7 in Q3 2015.
- Three Bays Capital's portfolio value fell 17% quarter-over-quarter to $2B.
Based on Three Bays Capital's 13F filing for Q3 2015, filed 16 Nov 2015.