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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
+4.29%
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
$6.24B
AUM Growth
-$1.86B
(-23%)
Cap. Flow
-$1.88B
Cap. Flow
% of AUM
-30.18%
Top 10 Holdings %
Top 10 Hldgs %
33.1%
Holding
166
New
21
Increased
28
Reduced
37
Closed
52
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
BHI
Baker Hughes
BHI
|
+$61M |
| 2 |
FDO
FAMILY DOLLAR STORES
FDO
|
+$55.7M |
| 3 |
CBST
CUBIST PHARMACEUTICALS INC
CBST
|
+$50.2M |
| 4 |
Kinder Morgan
KMI
|
+$43.3M |
| 5 |
CVD
COVANCE INC.
CVD
|
+$34.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SHPG
Shire pic
SHPG
|
+$210M |
| 2 |
CNQR
CONCUR TECHNOLOGIES INC
CNQR
|
+$162M |
| 3 |
KMP
KINDER MORGAN ENER PNTRS L.P.
KMP
|
+$115M |
| 4 |
THI
TIM HORTONS INC COM, CANADA
THI
|
+$111M |
| 5 |
DTV
DIRECTV COM STK (DE)
DTV
|
+$90.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 11.44% |
| 2 | Healthcare | 10.01% |
| 3 | Consumer Discretionary | 8.57% |
| 4 | Energy | 6.71% |
| 5 | Materials | 5.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$818B
| $319M | 5.1% |
1,550,000
-750,000
| -33% | -$151M |
|
|
TWC
2
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $273M | 4.38% |
1,797,023
| – | – |
|
|
COV
3
DELISTED
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
| $260M | 4.16% |
2,539,790
-543,763
| -18% | -$52.2M |
|
|
AGN
4
DELISTED
Allergan Inc
AGN
| $258M | 4.13% |
1,213,491
-175,841
| -13% | -$35M |
|
|
TRW
5
DELISTED
TRW AUTOMOTIVE HOLDINGS CORP
TRW
| $196M | 3.14% |
1,906,822
-463,428
| -20% | -$47.3M |
|
|
DTV
6
DELISTED
DIRECTV COM STK (DE)
DTV
| $170M | 2.73% |
1,966,166
-1,047,366
| -35% | -$90.1M |
|
7
American International
AIG
$42.4B
| $165M | 2.64% |
2,941,347
-202,800
| -6% | -$10.9M |
|
|
DISH
8
PUT
DELISTED
DISH Network Corp.
DISH
| $146M | 2.35% |
2,009,700
+1,011,700
| +101% | +$68.1M |
|
|
FDO
9
DELISTED
FAMILY DOLLAR STORES
FDO
| $140M | 2.25% |
1,769,812
+709,467
| +67% | +$55.7M |
|
10
Lamar Advertising Co
LAMR
$16.2B
| $139M | 2.23% |
2,596,000
-650,100
| -20% | -$33.6M |
|
11
Huntsman Corp
HUN
$1.78B
| $127M | 2.04% |
5,586,238
+170,092
| +3% | +$4.13M |
|
12
SiriusXM
SIRI
$10.1B
| $120M | 1.92% |
3,425,942
| – | – |
|
|
HES
13
DELISTED
Hess
HES
| $119M | 1.91% |
1,616,900
| – | – |
|
|
SIAL
14
DELISTED
SIGMA - ALDRICH CORP
SIAL
| $116M | 1.86% |
847,773
+246,419
| +41% | +$33.5M |
|
15
General Motors
GM
$76.3B
| $106M | 1.69% |
3,027,600
-185,300
| -6% | -$5.92M |
|
|
16
PUT
American International
AIG
$42.4B
| $106M | 1.69% |
1,886,100
-986,400
| -34% | -$52.9M |
|
17
T-Mobile US
TMUS
$193B
| $103M | 1.65% |
3,831,975
+433,675
| +13% | +$12M |
|
|
HCBK
18
DELISTED
HUDSON CITY BANCORP INC
HCBK
| $103M | 1.65% |
10,176,892
| – | – |
|
|
HES
19
PUT
DELISTED
Hess
HES
| $100M | 1.61% |
1,361,000
+221,400
| +19% | +$17.5M |
|
|
20
PUT
Huntsman Corp
HUN
$1.78B
| $97.7M | 1.56% |
4,288,700
-582,800
| -12% | -$14.1M |
|
|
APC
21
DELISTED
Anadarko Petroleum
APC
| $97.2M | 1.56% |
1,177,600
| – | – |
|
|
BEAV
22
DELISTED
B/E Aerospace Inc
BEAV
| $92.2M | 1.48% |
1,589,600
-398,488
| -20% | -$22.2M |
|
|
DISH
23
DELISTED
DISH Network Corp.
DISH
| $91.9M | 1.47% |
1,260,600
| – | – |
|
|
24
PUT
T-Mobile US
TMUS
$193B
| $91.4M | 1.46% |
3,393,100
+346,700
| +11% | +$9.58M |
|
|
DRC
25
DELISTED
DRESSER-RAND GROUP INC
DRC
| $89.2M | 1.43% |
1,090,726
-557,255
| -34% | -$45.3M |
|
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Westchester Capital Management (New York)'s Q4 2014 Portfolio in Review
As of Q4 2014, Westchester Capital Management (New York) held 166 positions worth $6.24B, down 23% from $8.1B the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Westchester Capital Management (New York) withdrew a net $1.88B in Q4 2014, closing 52 positions and reducing 37 holdings. Its most notable exit was Shire pic, an estimated $210M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 11% of assets, up from 8.9% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Westchester Capital Management (New York) opened a new position in Baker Hughes worth $60.6M.
- Westchester Capital Management (New York)'s largest Q4 2014 buy was Baker Hughes: 1,081,070 shares worth $60.6M.
- Westchester Capital Management (New York) added most to FAMILY DOLLAR STORES in Q4 2014, an estimated $55.7M increase.
- Westchester Capital Management (New York)'s biggest Q4 2014 reduction was DIRECTV COM STK (DE), cutting an estimated $90.1M.
- Westchester Capital Management (New York) fully exited Shire pic in Q4 2014, selling an estimated $210M.
- Westchester Capital Management (New York)'s ten largest holdings make up 33% of its $6.24B portfolio in Q4 2014.
- Westchester Capital Management (New York) opened 21 new positions and closed 52 in Q4 2014.
- Westchester Capital Management (New York)'s portfolio value fell 23% quarter-over-quarter to $6.24B.
Based on Westchester Capital Management (New York)'s 13F filing for Q4 2014, filed 17 Feb 2015.