Atticus Capital announced earlier that it would shut its $3 billion flagship fund and liquidate its holdings citing personal reasons on the part of the company's founder. Below we summarize the firms's most recent holdings by sector (as of 6/30) along with its top three holdings in each sector based on its 13-F filing. As shown, the firm had a heavy concentration in the Financial sector, as it made up 29% of its long holdings. The largest of these was Bank of America (BAC) which made up 10.9% of its portfolio. This overweight in the Financial sector could be causing traders to sell ahead of the fund's upcoming liquidation and could be partly to blame for Financials being the worst performing sector today.
Other positions making up more than 5% of the company's holdings on the long side were TRH, WYE, SGP, and PCZ.
