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
+8.55%
1 Year Est. Return
+7.41%
3 Year Est. Return
+63.2%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.22B
AUM Growth
-$957M
Cap. Flow
-$302M
Cap. Flow %
-24.78%
Top 10 Hldgs %
82.78%
Holding
33
New
9
Increased
1
Reduced
7
Closed
16

Top Buys

Rank Stock Value
1
BYD icon
Boyd Gaming
BYD
+$78.8M
2
UAL icon
United Airlines
UAL
+$67.8M
3
MDCO
Medicines Co
MDCO
+$62.2M
4
TRCO
TRIBUNE MEDIA COMPANY CLASS A
TRCO
+$48.5M
5
NBIS
Nebius Group N.V.
NBIS
+$47.2M

Top Sells

Rank Stock Value
1
HLT icon
Hilton Worldwide
HLT
+$101M
2
AMZN icon
Amazon
AMZN
+$94.6M
3
BAC icon
Bank of America
BAC
+$94.6M
4
CY
Cypress Semiconductor
CY
+$60.8M
5
WFC icon
Wells Fargo
WFC
+$57.2M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 27.09%
2 Healthcare 22.58%
3 Miscellaneous 20.82%
4 Communication Services 15.57%
5 Industrials 5.43%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HLT icon
26
Hilton Worldwide
HLT
$70B
– –
-1,237,744
Closed -$101M
MAR icon
27
Marriott International
MAR
$87.8B
– –
-335,000
Closed -$27.7M
SPY icon
28
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$815B
– –
-2,900,000
Closed -$648M
TV icon
29
Televisa
TV
$1.39B
– –
-1,157,000
Closed -$24.2M
WFC icon
30
CALL
Wells Fargo
WFC
$272B
– –
-900,000
Closed -$49.6M
WFC icon
31
Wells Fargo
WFC
$272B
– –
-1,037,250
Closed -$57.2M
AGN
32
DELISTED
Allergan plc
AGN
– –
-212,297
Closed -$44.6M
CY
33
DELISTED
Cypress Semiconductor
CY
– –
-5,317,762
Closed -$60.8M
1
2

Similar funds

BWCA
Brenner West Capital Advisors New York $804M AUM 16.19% 1-Year Est. Return
RW
Rand Wealth Baltimore, Maryland $893M AUM 9.85% 1-Year Est. Return
AC
AFAM Capital Austin, Texas $718M AUM 12.09% 1-Year Est. Return
GCM
Gruss Capital Management New York $715M AUM 9.91% 1-Year Est. Return
CCM
Criterion Capital Management San Francisco, California $666M AUM 28.69% 1-Year Est. Return
BCM
Brenham Capital Management Dallas, Texas $660M AUM 70.79% 1-Year Est. Return
PC
Pomelo Capital New York $1.04B AUM 1.25% 1-Year Est. Return
SE
Summit Equities Parsippany, New Jersey $601M AUM 9.74% 1-Year Est. Return

Three Bays Capital's Q1 2017 Portfolio in Review

As of Q1 2017, Three Bays Capital held 33 positions worth $1.22B, down 44% from $2.18B the previous quarter. Its ten largest holdings account for 83% of the portfolio.

Three Bays Capital withdrew a net $302M in Q1 2017, closing 16 positions and reducing 7 holdings. Its most notable exit was Hilton Worldwide, an estimated $101M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 27% of assets, up from 22% a quarter earlier, followed by Healthcare and Miscellaneous.

Against the trend, Three Bays Capital opened a new position in Boyd Gaming worth $85.3M.

  • Three Bays Capital's largest Q1 2017 buy was Boyd Gaming: 3,877,562 shares worth $85.3M.
  • Three Bays Capital added most to HCA Healthcare in Q1 2017, an estimated $15.9M increase.
  • Three Bays Capital's biggest Q1 2017 reduction was Computer Sciences, cutting an estimated $26.6M.
  • Three Bays Capital fully exited Hilton Worldwide in Q1 2017, selling an estimated $101M.
  • Three Bays Capital's ten largest holdings make up 83% of its $1.22B portfolio in Q1 2017.
  • Three Bays Capital opened 9 new positions and closed 16 in Q1 2017.
  • Three Bays Capital's portfolio value fell 44% quarter-over-quarter to $1.22B.

Based on Three Bays Capital's 13F filing for Q1 2017, filed 15 May 2017.