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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
+1.7%
1 Year Est. Return
+7.41%
3 Year Est. Return
+63.2%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.92B
AUM Growth
+$376M
Cap. Flow
+$338M
Cap. Flow %
17.57%
Top 10 Hldgs %
84.35%
Holding
30
New
11
Increased
3
Reduced
4
Closed
10

Top Buys

1
UAL icon
United Airlines
UAL
+$60.5M
2
ST icon
Sensata Technologies
ST
+$51.8M
3
AGN
Allergan plc
AGN
+$48.3M
4
CHDN icon
Churchill Downs
CHDN
+$33.7M
5
ISEE
IVERIC bio, Inc. Common Stock
ISEE
+$17.4M

Top Sells

1
LNG icon
Cheniere Energy
LNG
+$83M
2
CDNS icon
Cadence Design Systems
CDNS
+$80.2M
3
ICE icon
Intercontinental Exchange
ICE
+$61.3M
4
BEN icon
Franklin Resources
BEN
+$60.4M
5
ARMK icon
Aramark
ARMK
+$49.9M

Sector Composition

1 Technology 15.63%
2 Consumer Discretionary 10.7%
3 Healthcare 7.62%
4 Energy 5.76%
5 Financials 4.89%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IWM icon
26
PUT
iShares Russell 2000 ETF
IWM
$82.2B
– –
-1,550,000
Closed -$171M
LNG icon
27
Cheniere Energy
LNG
$55B
– –
-2,452,729
Closed -$83M
STKL
28
DELISTED
SunOpta
STKL
– –
-1,500,000
Closed -$6.69M
INXN
29
DELISTED
Interxion Holding N.V.
INXN
– –
-330,000
Closed -$11.4M
YHOO
30
DELISTED
Yahoo Inc
YHOO
– –
-920,000
Closed -$33.9M
1
2

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Three Bays Capital's Q2 2016 Portfolio in Review

As of Q2 2016, Three Bays Capital held 30 positions worth $1.92B, up 24% from $1.55B the previous quarter. Its ten largest holdings account for 84% of the portfolio.

Three Bays Capital deployed $338M of net new capital in Q2 2016, opening 11 new positions and adding to 3 existing holdings. Its largest new stake was United Airlines: 1,279,253 shares worth $52.5M.

By sector, the portfolio is most concentrated in Technology at 16% of assets, down from 20% a quarter earlier, followed by Consumer Discretionary and Healthcare.

On the sell side, the largest reduction was Intercontinental Exchange, an estimated $61.3M trimmed.

  • Three Bays Capital's largest Q2 2016 buy was United Airlines: 1,279,253 shares worth $52.5M.
  • Three Bays Capital added most to Allergan plc in Q2 2016, an estimated $48.3M increase.
  • Three Bays Capital's biggest Q2 2016 reduction was Intercontinental Exchange, cutting an estimated $61.3M.
  • Three Bays Capital fully exited Cheniere Energy in Q2 2016, selling an estimated $83M.
  • Three Bays Capital's ten largest holdings make up 84% of its $1.92B portfolio in Q2 2016.
  • Three Bays Capital opened 11 new positions and closed 10 in Q2 2016.
  • Three Bays Capital's portfolio value rose 24% quarter-over-quarter to $1.92B.

Based on Three Bays Capital's 13F filing for Q2 2016, filed 15 Aug 2016.