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WCMNY

Westchester Capital Management (New York) Portfolio holdings

AUM $2.21B
1-Year Est. Return 26.02%
This Fund
S&P 500
This Quarter Est. Return
-1.87%
1 Year Est. Return
+26.02%
3 Year Est. Return
+99.86%
5 Year Est. Return
+236.34%
10 Year Est. Return
+1,523.35%
AUM
$2.57B
AUM Growth
-$493M
Cap. Flow
-$182M
Cap. Flow %
-7.07%
Top 10 Hldgs %
52.4%
Holding
160
New
33
Increased
28
Reduced
10
Closed
26

Top Buys

Rank Stock Value
1
AGN
Allergan plc
AGN
+$130M
2
AABA
Altaba Inc
AABA
+$125M
3
CY
Cypress Semiconductor
CY
+$84.8M
4
VSM
Versum Materials, Inc.
VSM
+$70.7M
5
GWR
Genesee & Wyoming Inc.
GWR
+$69.2M

Top Sells

Rank Stock Value
1
RHT
Red Hat Inc
RHT
+$239M
2
FDC
First Data Corporation
FDC
+$234M
3
APC
Anadarko Petroleum
APC
+$225M
4
LLL
L3 Technologies, Inc.
LLL
+$182M
5
WP
Worldpay, Inc.
WP
+$152M

Sector Composition

Rank Sector Weight
1 Healthcare 13.35%
2 Technology 11.67%
3 Financials 10.01%
4 Industrials 9.38%
5 Consumer Discretionary 7.8%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ANDX
151
DELISTED
Andeavor Logistics LP
ANDX
– –
-101,811
Closed -$3.7M
LEXEA
152
DELISTED
Liberty Expedia Holdings, Inc. Class A Common Stock
LEXEA
– –
-565,248
Closed -$27M
TBRGW
153
DELISTED
Thunder Bridge Acquisition, Ltd. Warrant
TBRGW
– –
-375,000
Closed -$757K
LLL
154
DELISTED
L3 Technologies, Inc.
LLL
– –
-743,164
Closed -$182M
TRCO
155
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
– –
-237,182
Closed -$11M
TSS
156
DELISTED
Total System Services, Inc.
TSS
– –
-13,453
Closed -$1.73M
RHT
157
DELISTED
Red Hat Inc
RHT
– –
-1,271,222
Closed -$239M
CZR
158
PUT
DELISTED
Caesars Entertainment Corporation
CZR
– –
-177,300
Closed -$2.1M
FDC
159
DELISTED
First Data Corporation
FDC
– –
-8,654,786
Closed -$234M
3 4 5 6
7

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Westchester Capital Management (New York)'s Q3 2019 Portfolio in Review

As of Q3 2019, Westchester Capital Management (New York) held 160 positions worth $2.57B, down 16% from $3.06B the previous quarter. Its ten largest holdings account for 52% of the portfolio.

Westchester Capital Management (New York) withdrew a net $182M in Q3 2019, closing 26 positions and reducing 10 holdings. Its most notable exit was Red Hat Inc, an estimated $239M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 13% of assets, up from 4.8% a quarter earlier, followed by Technology and Financials.

Against the trend, Westchester Capital Management (New York) opened a new position in Genesee & Wyoming Inc. worth $69.5M.

  • Westchester Capital Management (New York)'s largest Q3 2019 buy was Genesee & Wyoming Inc.: 628,728 shares worth $69.5M.
  • Westchester Capital Management (New York) added most to Allergan plc in Q3 2019, an estimated $130M increase.
  • Westchester Capital Management (New York)'s biggest Q3 2019 reduction was AT&T, cutting an estimated $13.3M.
  • Westchester Capital Management (New York) fully exited Red Hat Inc in Q3 2019, selling an estimated $239M.
  • Westchester Capital Management (New York)'s ten largest holdings make up 52% of its $2.57B portfolio in Q3 2019.
  • Westchester Capital Management (New York) opened 33 new positions and closed 26 in Q3 2019.
  • Westchester Capital Management (New York)'s portfolio value fell 16% quarter-over-quarter to $2.57B.

Based on Westchester Capital Management (New York)'s 13F filing for Q3 2019, filed 14 Nov 2019.