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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
+3.82%
1 Year Est. Return
+7.41%
3 Year Est. Return
+63.2%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.26B
AUM Growth
+$35M
(+2.9%)
Cap. Flow
-$3.8M
Cap. Flow
% of AUM
-0.3%
Top 10 Holdings %
Top 10 Hldgs %
78.23%
Holding
26
New
9
Increased
3
Reduced
7
Closed
7
Top Buys
| 1 |
Sinclair Inc
SBGI
|
+$97.1M |
| 2 |
Peabody Energy
BTU
|
+$87M |
| 3 |
SUM
Summit Materials, Inc. Class A Common Stock
SUM
|
+$70.5M |
| 4 |
DXC Technology
DXC
|
+$40.5M |
| 5 |
Red Rock Resorts
RRR
|
+$34.3M |
Top Sells
| 1 |
United Airlines
UAL
|
+$66.3M |
| 2 |
Boyd Gaming
BYD
|
+$54M |
| 3 |
TRCO
TRIBUNE MEDIA COMPANY CLASS A
TRCO
|
+$53.4M |
| 4 |
CSC
Computer Sciences
CSC
|
+$47.3M |
| 5 |
Bristol-Myers Squibb
BMY
|
+$46.6M |
Sector Composition
| 1 | Consumer Discretionary | 26.54% |
| 2 | Healthcare | 12% |
| 3 | Communication Services | 11.69% |
| 4 | Financials | 7.26% |
| 5 | Energy | 6.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Churchill Downs
CHDN
$5.85B
| $236M | 18.8% |
7,725,258
-1,369,518
| -15% | -$38.8M |
|
2
PUT
iShares Russell 2000 ETF
IWM
$82.2B
| $141M | 11.22% |
1,000,000
-100,000
| -9% | -$13.8M |
|
3
IQVIA
IQV
$34.4B
| $95.5M | 7.61% |
1,066,824
-189,000
| -15% | -$16M |
|
|
4
Sinclair Inc
SBGI
$997M
| $92.9M | 7.4% |
2,822,780
+2,698,780
| +2,176% | +$97.1M |
|
|
5
Peabody Energy
BTU
$2.73B
| $86M | 6.85% |
+3,519,293
| New | +$87M |
|
|
SUM
6
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $75.9M | 6.04% |
+2,709,564
| New | +$70.5M |
|
7
Intercontinental Exchange
ICE
$79B
| $69.8M | 5.56% |
1,058,830
+114,000
| +12% | +$6.99M |
|
8
PUT
VanEck Semiconductor ETF
SMH
$67.5B
| $69.6M | 5.54% |
+1,700,000
| New | +$70.1M |
|
|
ZAYO
9
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $59.9M | 4.77% |
1,939,757
-679,000
| -26% | -$22.2M |
|
|
MDCO
10
DELISTED
Medicines Co
MDCO
| $55.6M | 4.43% |
1,463,403
+99,874
| +7% | +$4.45M |
|
11
HCA Healthcare
HCA
$82.3B
| $55.2M | 4.39% |
632,500
-55,000
| -8% | -$4.65M |
|
|
12
Boyd Gaming
BYD
$6.52B
| $40.6M | 3.24% |
1,637,162
-2,240,400
| -58% | -$54M |
|
|
13
DXC Technology
DXC
$1.53B
| $40.5M | 3.23% |
+610,715
| New | +$40.5M |
|
|
14
Red Rock Resorts
RRR
$3.79B
| $34.6M | 2.76% |
+1,470,000
| New | +$34.3M |
|
|
OPTU
15
Optimum Communications Inc
OPTU
$337M
| $32.3M | 2.57% |
+1,000,000
| New | +$33.1M |
|
16
Caesars Entertainment
CZR
$6.08B
| $22M | 1.75% |
+1,100,000
| New | +$22M |
|
17
Liberty Media Series C
FWONK
$25.6B
| $21.6M | 1.72% |
+610,587
| New | +$20.3M |
|
|
HAWK
18
DELISTED
Blackhawk Network Holdings, Inc. Common Stock
HAWK
| $21.4M | 1.71% |
+491,000
| New | +$20.5M |
|
|
LCAHU
19
DELISTED
Landcadia Holdings, Inc. Unit
LCAHU
| $5.08M | 0.4% |
470,488
-274,648
| -37% | -$2.94M |
|
|
20
Bristol-Myers Squibb
BMY
$124B
| – | – |
-856,400
| Closed | -$46.6M |
|
21
GameStop
GME
$9.82B
| – | – |
-798,300
| Closed | -$4.5M |
|
|
22
United Airlines
UAL
$37.5B
| – | – |
-937,900
| Closed | -$66.3M |
|
23
CALL
State Street Financial Select Sector SPDR ETF
XLF
$54.8B
| – | – |
-4,000,000
| Closed | -$94.9M |
|
|
NBIS
24
Nebius Group N.V.
NBIS
$45.1B
| – | – |
-2,069,689
| Closed | -$45.4M |
|
|
CSC
25
DELISTED
Computer Sciences
CSC
| – | – |
-685,300
| Closed | -$47.3M |
|
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Three Bays Capital's Q2 2017 Portfolio in Review
As of Q2 2017, Three Bays Capital held 26 positions worth $1.26B, up 2.9% from $1.22B the previous quarter. Its ten largest holdings account for 78% of the portfolio.
Three Bays Capital's Q2 2017 filing shows 9 new, 3 increased, 7 reduced and 7 closed positions. Its largest new stake was Peabody Energy: 3,519,293 shares worth $86M. The largest sale was United Airlines, an estimated $66.3M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 27% of assets, down from 27% a quarter earlier, followed by Healthcare and Communication Services.
- Three Bays Capital's largest Q2 2017 buy was Peabody Energy: 3,519,293 shares worth $86M.
- Three Bays Capital added most to Sinclair Inc in Q2 2017, an estimated $97.1M increase.
- Three Bays Capital's biggest Q2 2017 reduction was Boyd Gaming, cutting an estimated $54M.
- Three Bays Capital fully exited United Airlines in Q2 2017, selling an estimated $66.3M.
- Three Bays Capital's ten largest holdings make up 78% of its $1.26B portfolio in Q2 2017.
- Three Bays Capital opened 9 new positions and closed 7 in Q2 2017.
- Three Bays Capital's portfolio value rose 2.9% quarter-over-quarter to $1.26B.
Based on Three Bays Capital's 13F filing for Q2 2017, filed 14 Aug 2017.