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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
+6.64%
1 Year Est. Return
+7.41%
3 Year Est. Return
+63.2%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.78B
AUM Growth
+$432M
Cap. Flow
+$31.7M
Cap. Flow %
1.78%
Top 10 Hldgs %
81.68%
Holding
31
New
14
Increased
5
Reduced
5
Closed
7

Top Buys

Rank Stock Value
1
AVGO icon
Broadcom
AVGO
+$57.8M
2
PE
PARSLEY ENERGY INC
PE
+$47.4M
3
HAWK
Blackhawk Network Holdings, Inc. Common Stock
HAWK
+$42.8M
4
PXD
Pioneer Natural Resource Co.
PXD
+$42.4M
5
JPM icon
JPMorgan Chase
JPM
+$38.5M

Top Sells

Rank Stock Value
1
CHDN icon
Churchill Downs
CHDN
+$96.7M
2
RRR icon
Red Rock Resorts
RRR
+$84.8M
3
ZAYO
Zayo Group Holdings, Inc.
ZAYO
+$59.5M
4
FWONK icon
Liberty Media Series C
FWONK
+$32.7M
5
BTU icon
Peabody Energy
BTU
+$27.5M

Sector Composition

Rank Sector Weight
1 Miscellaneous 35.65%
2 Financials 12.6%
3 Energy 11.75%
4 Communication Services 11.15%
5 Healthcare 10.58%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FWONK icon
26
Liberty Media Series C
FWONK
$23.9B
– –
-887,777
Closed -$32.7M
IWM icon
27
PUT
iShares Russell 2000 ETF
IWM
$81.2B
– –
-1,500,000
Closed -$222M
RRR icon
28
Red Rock Resorts
RRR
$3.38B
– –
-3,662,967
Closed -$84.8M
ADSW
29
DELISTED
Advanced Disposal Services Inc
ADSW
– –
-403,484
Closed -$10.2M
ZAYO
30
DELISTED
Zayo Group Holdings, Inc.
ZAYO
– –
-1,728,576
Closed -$59.5M
APC
31
DELISTED
Anadarko Petroleum
APC
– –
-400,000
Closed -$19.5M
1
2

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Three Bays Capital's Q4 2017 Portfolio in Review

As of Q4 2017, Three Bays Capital held 31 positions worth $1.78B, up 32% from $1.34B the previous quarter. Its ten largest holdings account for 82% of the portfolio.

Three Bays Capital's Q4 2017 filing shows 14 new, 5 increased, 5 reduced and 7 closed positions. Its largest new stake was Broadcom: 2,224,000 shares worth $57.1M. The largest sale was Churchill Downs, an estimated $96.7M.

By sector, the portfolio is most concentrated in Miscellaneous at 36% of assets, up from 22% a quarter earlier, followed by Financials and Energy.

  • Three Bays Capital's largest Q4 2017 buy was Broadcom: 2,224,000 shares worth $57.1M.
  • Three Bays Capital added most to Blackhawk Network Holdings, Inc. Common Stock in Q4 2017, an estimated $42.8M increase.
  • Three Bays Capital's biggest Q4 2017 reduction was Churchill Downs, cutting an estimated $96.7M.
  • Three Bays Capital fully exited Red Rock Resorts in Q4 2017, selling an estimated $84.8M.
  • Three Bays Capital's ten largest holdings make up 82% of its $1.78B portfolio in Q4 2017.
  • Three Bays Capital opened 14 new positions and closed 7 in Q4 2017.
  • Three Bays Capital's portfolio value rose 32% quarter-over-quarter to $1.78B.

Based on Three Bays Capital's 13F filing for Q4 2017, filed 14 Feb 2018.