Jefferies Group LLC's Q2 2018 13F: 513 new positions, 470 exits
Form 13F-HR for the quarter ended Jun 30, 2018 · filed Aug 14, 2018 · 1428 reported positions · accession 0001085146-18-002089
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | TIME WARNER INC (TWX) | 6.6% | — | −6.6 pts | −3.18M sh | −100% |
| Reduced | AVIS BUDGET GROUP (CAR) | 8.0% | 1.0% | −7.1 pts | −6.6M sh | −85% |
| Increased | BANK AMER CORP (BAC) | 0.1% | 4.0% | +3.9 pts | +5.61M sh | +7311% |
| Increased | AUTOMATIC DATA PROCESSING IN (ADP) | 0.1% | 4.1% | +3.9 pts | +1.16M sh | +1987% |
| Reduced | ARMSTRONG WORLD INDS INC NEW (AWI) | 2.1% | 0.0% | −2.1 pts | −1.7M sh | −99% |
| Reduced | SPDR S&P 500 ETF TR (SPY) | 3.0% | 1.3% | −1.7 pts | −330K sh | −63% |
| Reduced | WYNN RESORTS LTD (WYNN) | 1.7% | 0.2% | −1.5 pts | −380K sh | −89% |
| Reduced | TESLA INC (TSLA) | 1.0% | 0.0% | −1.0 pts | −175K sh | −100% |
| New | TIFFANY & CO NEW (TIF) | — | 1.5% | +1.5 pts | +452K sh | new |
| Increased | CELGENE CORP (CELG) | 0.0% | 1.2% | +1.2 pts | +609K sh | +8426% |
| Exited | ISHARES TR (IWN) | 1.1% | — | −1.1 pts | −400K sh | −100% |
| Exited | ISHARES TR (IWV) | 1.0% | — | −1.0 pts | −300K sh | −100% |
| Increased | HOWARD HUGHES CORP (HHC) | 0.0% | 1.0% | +1.0 pts | +302K sh | +10428% |
| Reduced | ISHARES TR (IBB) | 0.9% | 0.0% | −0.8 pts | −358K sh | −99% |
| Reduced | ADVANCED MICRO DEVICES INC (AMD) | 0.6% | 0.1% | −0.5 pts | −2.44M sh | −86% |
| Increased | AT&T INC (T) | 0.4% | 1.2% | +0.8 pts | +994K sh | +207% |
| Reduced | ALIBABA GROUP HLDG LTD (BABA) | 0.8% | 0.2% | −0.6 pts | −164K sh | −83% |
| Increased | TWENTY FIRST CENTY FOX INC (FOX) | 0.0% | 0.7% | +0.7 pts | +589K sh | +3795% |
| Reduced | ISHARES TR (IWM) | 1.3% | 0.9% | −0.4 pts | −170K sh | −45% |
| Reduced | UNITED TECHNOLOGIES CORP (RTX) | 0.6% | 0.0% | −0.6 pts | −220K sh | −100% |
| Reduced | STARS GROUP INC (TSG) | 0.4% | 0.0% | −0.4 pts | −699K sh | −97% |
| Reduced | WELLS FARGO CO NEW (WFC) | 0.5% | 0.0% | −0.5 pts | −457K sh | −100% |
| Reduced | ALTABA INC (AABA) | 1.3% | 0.8% | −0.5 pts | −340K sh | −43% |
| Reduced | SALESFORCE COM INC (CRM) | 0.5% | 0.0% | −0.5 pts | −177K sh | −100% |
| Exited | EASTERLY ACQUISITION CORP (EACQ) | 0.6% | — | −0.6 pts | −2.5M sh | −100% |
| Increased | MICROCHIP TECHNOLOGY INC (MCHP) | 0.0% | 0.6% | +0.6 pts | +246K sh | +4911% |
| Increased | RAYTHEON CO (RTN) | 0.0% | 0.5% | +0.5 pts | +108K sh | +5610% |
| Reduced | SELECT SECTOR SPDR TR (XLE) | 0.6% | 0.2% | −0.4 pts | −268K sh | −71% |
| New | RALPH LAUREN CORP (RL) | — | 0.5% | +0.5 pts | +161K sh | new |
| Reduced | ILG INC (ILG) | 0.4% | 0.0% | −0.4 pts | −602K sh | −97% |
| Increased | TWENTY FIRST CENTY FOX INC (FOXA) | 0.1% | 0.6% | +0.5 pts | +387K sh | +484% |
| Increased | MORGAN STANLEY (MS) | 0.0% | 0.5% | +0.5 pts | +396K sh | +1357% |
| Increased | KROGER CO (KR) | 0.0% | 0.5% | +0.5 pts | +638K sh | +1363% |
| Increased | ROYAL DUTCH SHELL PLC (RDSA) | 0.1% | 0.6% | +0.5 pts | +261K sh | +311% |
| Exited | MONSANTO CO NEW (MON) | 0.4% | — | −0.4 pts | −173K sh | −100% |
| Reduced | KINDER MORGAN INC DEL (KMI) | 0.4% | 0.0% | −0.3 pts | −993K sh | −90% |
| Increased | VALERO ENERGY CORP NEW (VLO) | 0.1% | 0.5% | +0.5 pts | +153K sh | +393% |
| Increased | TRAVELERS COMPANIES INC (TRV) | 0.0% | 0.4% | +0.4 pts | +138K sh | +5346% |
| Increased | TEXAS INSTRS INC (TXN) | 0.0% | 0.4% | +0.4 pts | +153K sh | +1859% |
| Reduced | CONSTELLATION BRANDS INC (STZ) | 0.4% | 0.0% | −0.4 pts | −74,958 sh | −90% |
| Reduced | NETFLIX INC (NFLX) | 0.4% | 0.2% | −0.2 pts | −41,801 sh | −69% |
| Increased | ISHARES TR (EEM) | 0.1% | 0.5% | +0.4 pts | +377K sh | +431% |
| Increased | DAVITA INC (DVA) | 0.0% | 0.4% | +0.4 pts | +234K sh | +898% |
| Reduced | US BANCORP DEL (USB) | 0.4% | 0.0% | −0.4 pts | −321K sh | −99% |
| Reduced | WEC ENERGY GROUP INC (WEC) | 0.3% | 0.0% | −0.3 pts | −237K sh | −94% |
| New | SPDR SERIES TRUST (XHB) | — | 0.4% | +0.4 pts | +387K sh | new |
| Exited | SINA CORP (SINA) | 0.4% | — | −0.4 pts | −165K sh | −100% |
| Increased | MCDONALDS CORP (MCD) | 0.0% | 0.4% | +0.4 pts | +96,158 sh | +8428% |
| Reduced | PIONEER NAT RES CO (PXD) | 0.8% | 0.6% | −0.2 pts | −78,675 sh | −39% |
| Reduced | ADOBE SYS INC (ADBE) | 0.3% | 0.0% | −0.3 pts | −60,386 sh | −96% |
The 50 largest of 1,866 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
† Security identifier (CUSIP) changed — read as one continuing position, not an exit and a new position:
- DDR CORP (DDR): 23317H102 → 23317H854, 38,425 → 13,659 shares (share count changed with the identifier; not shown as a trade)
- INVESCO DB US DLR INDEX TR (UUP): 73936D107 → 46141D203, 50,000 → 113K shares (share count changed with the identifier; not shown as a trade)
- BROADCOM INC (AVGO): Y09827109 → 11135F101, 10,857 → 29,000 shares (share count changed with the identifier; not shown as a trade)
- INVESCO EXCHNG TRADED FD TR (BKLN): 73936Q769 → 46138G508, 146K → 16,250 shares (share count changed with the identifier; not shown as a trade)
- INVESCO QQQ TR (QQQ): 73935A104 → 46090E103, 813K → 345K shares (share count changed with the identifier; not shown as a trade)
Top 10 positions — 17.7% of the equity book
Changes in the top 10 this quarter: ADP entered · BAC entered · TIF entered · CELG entered · T entered · HHC entered · FCAU entered · TWX left · AWI left · WYNN left · AABA left · IWM left · IWN left · IWV left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | AUTOMATIC DATA PROCESSING IN (ADP) | 0.1% | 4.1% | Entered the top 10 |
| 2 | BANK AMER CORP (BAC) | 0.1% | 4.0% | Entered the top 10 |
| 3 | TIFFANY & CO NEW (TIF) | 0.0% | 1.5% | Entered the top 10 |
| 4 | INVESCO QQQ TR (QQQ) | 2.9% | 1.5% | |
| 5 | SPDR S&P 500 ETF TR (SPY) | 3.0% | 1.3% | |
| 6 | CELGENE CORP (CELG) | 0.0% | 1.2% | Entered the top 10 |
| 7 | AT&T INC (T) | 0.4% | 1.2% | Entered the top 10 |
| 8 | HOWARD HUGHES CORP (HHC) | 0.0% | 1.0% | Entered the top 10 |
| 9 | FIAT CHRYSLER AUTOMOBILES N (FCAU) | 0.9% | 1.0% | Entered the top 10 |
| 10 | AVIS BUDGET GROUP (CAR) | 8.0% | 1.0% | |
| — | TIME WARNER INC (TWX) | 6.6% | 0.0% | Left the top 10 |
| — | ARMSTRONG WORLD INDS INC NEW (AWI) | 2.1% | 0.0% | Left the top 10 |
| — | WYNN RESORTS LTD (WYNN) | 1.7% | 0.2% | Left the top 10 |
| — | ALTABA INC (AABA) | 1.3% | 0.8% | Left the top 10 |
| — | ISHARES TR (IWM) | 1.3% | 0.9% | Left the top 10 |
| — | ISHARES TR (IWN) | 1.1% | 0.0% | Left the top 10 |
| — | ISHARES TR (IWV) | 1.0% | 0.0% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| Increased | SPDR S&P 500 ETF TR (SPY) | Put | 4.75M | 8.53M | $2.31B |
| Reduced | SPDR S&P 500 ETF TR (SPY) | Call | 7.53M | 3.44M | $933M |
| Exited | TIME WARNER INC (TWX) | Call | 8.52M | 0 | $0 |
| Exited | TIME WARNER INC (TWX) | Put | 6.7M | 0 | $0 |
| Exited | MONSANTO CO NEW (MON) | Put | 3.59M | 0 | $0 |
| Increased | ISHARES TR (EEM) | Put | 608K | 8.91M | $386M |
| Reduced | ISHARES TR (IWM) | Put | 9.49M | 6.68M | $1.09B |
| Increased | NXP SEMICONDUCTORS N V (NXPI) | Put | 1.89M | 4.94M | $540M |
| Exited | MONSANTO CO NEW (MON) | Call | 2.52M | 0 | $0 |
| Exited | ISHARES TR (HYG) | Call | 3.2M | 0 | $0 |
| Increased | ISHARES TR (EEM) | Call | 265K | 6.19M | $268M |
| Increased | NXP SEMICONDUCTORS N V (NXPI) | Call | 856K | 3.23M | $353M |
| New | INVESCO QQQ TR (QQQ) | Put | 0 | 1.28M | $220M |
| Increased | SPDR SERIES TRUST (XBI) | Put | 685K | 2.32M | $221M |
| Increased | AT&T INC (T) | Put | 2.28M | 7.19M | $231M |
| New | INVESCO QQQ TR (QQQ) | Call | 0 | 795K | $136M |
| New | VANECK VECTORS ETF TR (SMH) | Call | 0 | 1.09M | $112M |
| Increased | SPDR SERIES TRUST (XBI) | Call | 193K | 1.24M | $118M |
| New | AUTODESK INC (ADSK) | Call | 0 | 723K | $94.8M |
| Exited | POWERSHARES QQQ TRUST (QQQ) | Put | 571K | 0 | $0 |
| Reduced | SPDR SERIES TRUST (XOP) | Put | 4.57M | 1.67M | $72.1M |
| Increased | TWENTY FIRST CENTY FOX INC (FOXA) | Put | 450K | 2.03M | $101M |
| New | SPDR DOW JONES INDL AVRG ETF (DIA) | Put | 0 | 343K | $83.3M |
| Increased | AT&T INC (T) | Call | 1.61M | 4.29M | $138M |
| Reduced | SPDR SERIES TRUST (XOP) | Call | 3.56M | 1.22M | $52.4M |