Hedge fund update: Highfields Capital Management

Another in a series of updates on Boston hedge fund holdings based on quarterly reports filed to the Securities and Exchange Commission this week:

Highfields Capital Management, a large hedge fund that often owns shares of companies on the receiving end of takeover offers, reported 112 investments worth a total of $11.1 billion as of June 30, up from $10.1 billion reported in the previous quarter. Hedge funds report stock holdings and some equity derivative positions, but not other kinds of assets.

The 10 largest stock positions reported by Highfields as of June 30 were: Clear Channel Communications Inc. ($940 million), Russell 2000 iShares, an exchange traded fund, ($792.3 million), First American Corp. ($463.6 million), Station Casinos Inc. ($449.6 million), Motorola Inc. ($407.4 million), CVS Caremark Corp. ($407.1 million), Qualcomm Inc. ($396 million), Comcast Corp. ($376.4 million), Blackrock Inc. ($371.7 million) and MGM Mirage ($298.6 million).

The top 10 holdings reported by Highfields, as of March 31, were: Clear Channel Communications, Station Casinos, Qualcomm, Russell 2000 iShares, ConocoPhillips, Comcast, CVS, Motorola, Blackrock and Wendy's International Inc.

You can read the latest quarterly report filed by Highfields HERE. It's report for the first quarter is available HERE.