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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
+6.6%
1 Year Est. Return
+7.41%
3 Year Est. Return
+63.2%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$2.18B
AUM Growth
+$671M
(+45%)
Cap. Flow
+$224M
Cap. Flow
% of AUM
10.27%
Top 10 Holdings %
Top 10 Hldgs %
77.63%
Holding
33
New
16
Increased
3
Reduced
3
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$98.9M |
| 2 |
Hilton Worldwide
HLT
|
+$91M |
| 3 |
ZAYO
Zayo Group Holdings, Inc.
ZAYO
|
+$88.2M |
| 4 |
IQVIA
IQV
|
+$86.5M |
| 5 |
Bank of America
BAC
|
+$82.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
YHOO
Yahoo Inc
YHOO
|
+$105M |
| 2 |
CY
Cypress Semiconductor
CY
|
+$76.9M |
| 3 |
United Airlines
UAL
|
+$69.4M |
| 4 |
Sensata Technologies
ST
|
+$69.4M |
| 5 |
Broadcom
AVGO
|
+$68.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 45.61% |
| 2 | Consumer Discretionary | 21.82% |
| 3 | Financials | 10.12% |
| 4 | Healthcare | 9.11% |
| 5 | Technology | 7.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
PUT
VanEck Semiconductor ETF
SMH
$69.5B
| – | – |
-5,000,000
| Closed | -$174M |
|
|
27
Sensata Technologies
ST
$6.27B
| – | – |
-1,789,562
| Closed | -$69.4M |
|
|
28
United Airlines
UAL
$36.2B
| – | – |
-1,323,500
| Closed | -$69.4M |
|
29
Williams Companies
WMB
$90.7B
| – | – |
-1,406,415
| Closed | -$43.2M |
|
|
ISEE
30
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
| – | – |
-846,007
| Closed | -$39M |
|
|
YHOO
31
DELISTED
Yahoo Inc
YHOO
| – | – |
-2,427,000
| Closed | -$105M |
|
|
CY
32
CALL
DELISTED
Cypress Semiconductor
CY
| – | – |
-7,000,000
| Closed | -$85.1M |
|
|
IMS
33
DELISTED
IMS HEALTH HLDGS INC COM STK (DE)
IMS
| – | – |
-1,061,000
| Closed | -$33.3M |
|
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Three Bays Capital's Q4 2016 Portfolio in Review
As of Q4 2016, Three Bays Capital held 33 positions worth $2.18B, up 45% from $1.51B the previous quarter. Its ten largest holdings account for 78% of the portfolio.
Three Bays Capital deployed $224M of net new capital in Q4 2016, opening 16 new positions and adding to 3 existing holdings. Its largest new stake was Amazon: 2,524,000 shares worth $94.6M.
By sector, the portfolio is most concentrated in Miscellaneous at 46% of assets, up from 35% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was Cypress Semiconductor, an estimated $76.9M trimmed.
- Three Bays Capital's largest Q4 2016 buy was Amazon: 2,524,000 shares worth $94.6M.
- Three Bays Capital added most to IQVIA in Q4 2016, an estimated $86.5M increase.
- Three Bays Capital's biggest Q4 2016 reduction was Cypress Semiconductor, cutting an estimated $76.9M.
- Three Bays Capital fully exited Yahoo Inc in Q4 2016, selling an estimated $105M.
- Three Bays Capital's ten largest holdings make up 78% of its $2.18B portfolio in Q4 2016.
- Three Bays Capital opened 16 new positions and closed 9 in Q4 2016.
- Three Bays Capital's portfolio value rose 45% quarter-over-quarter to $2.18B.
Based on Three Bays Capital's 13F filing for Q4 2016, filed 14 Feb 2017.