NC
Northern Cross, LLC Historical SEC 13F Holdings & Archive (Q3 2018)
Northern Cross, LLCCIK: 0001461201
High-turnover traderSector-focusedContrarian
Total reported value
$279.3M
Reporting period: 2018-09-30 · Number of holdings: 14
Northern Cross, LLC disclosed 14 holdings in its latest 13F filing for the period ending 2018-09-30, with total reported value of $279.3M and a quarterly turnover rate of 183.3%.
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Personality snowflake
- Concentration
- 54.66
- Portfolio Stability
- 100
- Momentum
- 0
- Sector conviction
- 100
- Diversification
- 28
- Sizing Uniformity
- 90.08
Northern Cross, LLC's disclosed holdings carry a Herfindahl concentration index of 0.137 — mathematically equivalent to about 7 equally-sized positions, well below its 14 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.99), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward initiating meaningfully larger new positions than it adds to existing ones (a 5.5 percentage-point tilt) — a pattern consistent with a more contrarian, new-idea-driven approach.
Sector classification currently covers about 24% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim LVS
-94.5% -$1.4B
Trim TEVA
-96.2% -$528.7M
Trim SLB
-94.9% -$1.1B
Trim WYNN
-94.1% -$693.6M
Trim 40049j206
-96.4% -$178.2M
Trim 02319v103
-98.0% -$41.4M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | LVS | Las Vegas Sands CORP | Stock-Consumer Disc | 22.29% | -3.38% | -94.49% | |
| 2 | SLB | Slb LTD | Stock-Energy | 19.86% | -1.12% | -94.86% | |
| 3 | ✓ | Stock-Other | 13.41% | +0.27% | -94.33% | ||
| 4 | WYNN | Wynn Resorts LTD | Stock-Consumer Disc | 11.70% | -1.12% | -94.07% | |
| 5 | TEVA | Teva Pharmaceutical-sp Adr | Stock-Healthcare | 6.64% | -3.02% | -96.18% | |
| 6 | PM | Philip Morris International | Stock-Consumer Staples | 6.41% | +6.41% | NEW | |
| 7 | CIBEUR | Bancolombia S.a.-spons Adr | Stock-Other | 5.96% | -0.39% | -94.70% | |
| 8 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 4.65% | +4.65% | NEW | |
| 9 | ✓ | Grupo Aval Acciones y Valores S.A. | Stock-Other | 2.22% | -1.04% | -96.40% | |
| 10 | ✓ | Grupo Aval Acciones y Valores S.A. | Stock-Other | 2.07% | -0.21% | -95.21% | |
| 11 | ✓ | Liberty Global PLC Lilac - A | Stock-Other | 1.80% | -0.21% | -95.80% | |
| 12 | ✓ | Liberty Global PLC Lilac - C | Stock-Other | 1.56% | -0.22% | -95.90% | |
| 13 | ✓ | Transocean LTD | Stock-Other | 1.14% | -0.10% | -95.64% | |
| 14 | ✓ | Ambev S.A. | Stock-Other | 0.30% | -0.45% | -98.02% |
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2018 Q3 | 14 | $279.3M | 100 | ||
| 2018 Q2 | 14 | $5.7B | 15 | ||
| 2018 Q1 | 14 | $6.1B | 24 | ||
| 2017 Q4 | 14 | $7.7B | 16 | ||
| 2017 Q3 | 14 | $7.8B | 8 | ||
| 2017 Q2 | 14 | $7.8B | 13 | ||
| 2017 Q1 | 14 | $7.4B | 20 | ||
| 2016 Q4 | 14 | $6.8B | 35 | ||
| 2016 Q3 | 13 | $6.1B | 34 | ||
| 2016 Q2 | 13 | $6.8B | 6 | ||
| 2016 Q1 | 11 | $6.8B | 28 | ||
| 2015 Q4 | 8 | $5.3B | 38 | ||
| 2015 Q3 | 8 | $3.8B | 26 | ||
| 2015 Q2 | 10 | $4.9B | 100 | ||
| 2015 Q1 | 7 | $2.4B | 41 | ||
| 2014 Q4 | 7 | $1.9B | 80 | ||
| 2014 Q3 | 7 | $2.1B | 29 | ||
| 2014 Q2 | 8 | $2.8B | 10 | ||
| 2014 Q1 | 8 | $2.8B | 47 | ||
| 2013 Q4 | 8 | $3.1B | 74 | ||
| 2013 Q3 | 8 | $2.9B | 19 | ||
| 2013 Q2 | 9 | $2.6B | 0 |
Holding changes this quarter
Northern Cross, LLC's most significant position changes for 2018-09-30: New buy: Philip Morris International (PM); New buy: Taiwan Semiconductor-sp Adr (TSM); Sold out: Liberty Latin America Ltd. (LILA); Sold out: Liberty Latin America Ltd. (LILA); Trim: Las Vegas Sands CORP (LVS) — shares -94.49%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ✓ | +0.3% | -94.33% | Trim | |
| 2 | ✓ | Transocean LTD | -0.1% | -95.64% | Trim |
| 3 | ✓ | Grupo Aval Acciones y Valores S.A. | -0.2% | -95.21% | Trim |
| 4 | ✓ | Liberty Global PLC Lilac - A | -0.2% | -95.80% | Trim |
| 5 | ✓ | Liberty Global PLC Lilac - C | -0.2% | -95.90% | Trim |
| 6 | CIBEUR | Bancolombia S.a.-spons Adr | -0.4% | -94.70% | Trim |
| 7 | ✓ | Ambev S.A. | -0.5% | -98.02% | Trim |
| 8 | ✓ | Grupo Aval Acciones y Valores S.A. | -1% | -96.40% | Trim |
| 9 | SLB | Slb LTD | -1.1% | -94.86% | Trim |
| 10 | WYNN | Wynn Resorts LTD | -1.1% | -94.07% | Trim |
| 11 | TEVA | Teva Pharmaceutical-sp Adr | -3% | -96.18% | Trim |
| 12 | LVS | Las Vegas Sands CORP | -3.4% | -94.49% | Trim |
| 13 | PM | Philip Morris International | — | NEW | New buy |
| 14 | TSM | Taiwan Semiconductor-sp Adr | — | NEW | New buy |
| 15 | LILA | Liberty Latin America Ltd. | — | EXIT | Sold out |
| 16 | LILA | Liberty Latin America Ltd. | — | EXIT | Sold out |
Filing History
FAQ
What is Northern Cross, LLC and what type of investor is it?
Northern Cross, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2018-09-30), the firm manages a tracked equity portfolio valued at approximately $279.3M, spread across 14 disclosed positions.
What are Northern Cross, LLC's largest equity positions?
Based on the latest 13F filing, Northern Cross, LLC's top holdings by market value are:
1. Las Vegas Sands CORP (LVS) — $62.2M (22.3%)
2. Slb LTD (SLB) — $55.5M (19.9%)
3. — $37.5M (13.4%)
4. Wynn Resorts LTD (WYNN) — $32.7M (11.7%)
5. Teva Pharmaceutical-sp Adr (TEVA) — $18.5M (6.6%)
What changes did Northern Cross, LLC make in its most recent portfolio filing?
In the latest reported quarter, Northern Cross, LLC made 16 notable position adjustments: 2 new positions were initiated, 0 existing holdings were added to, 12 positions were partially reduced, and 2 were completely exited. The largest of these moves: New buy: Philip Morris International (PM); New buy: Taiwan Semiconductor-sp Adr (TSM); Sold out: Liberty Latin America Ltd. (LILA); Sold out: Liberty Latin America Ltd. (LILA); Trim: Las Vegas Sands CORP (LVS) — shares -94.49%
What sectors does Northern Cross, LLC focus on?
Northern Cross, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Consumer Discretionary: 54.8%
• Consumer Staples: 26.2%
• Information Technology: 19.0%
Investment Profile
Northern Cross, LLC's portfolio is moderately concentrated and fast-trading, with 54.8% of the portfolio concentrated in Consumer Discretionary.
Its turnover score has risen from 8 to 100 over the past 4 quarters — a shift toward more active trading.
It has trimmed its LVS position for two straight quarters, cutting it by $1.5B while still holding $62.2M.
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Developer Access
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