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ADEF

ABS Direct Equity Fund Portfolio holdings

AUM $131M
1-Year Est. Return 7.53%
This Fund
S&P 500
This Quarter Est. Return
-5.2%
1 Year Est. Return
+7.53%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$89M
AUM Growth
-$13M
Cap. Flow
-$6.22M
Cap. Flow %
-6.99%
Top 10 Hldgs %
53.32%
Holding
46
New
4
Increased
13
Reduced
16
Closed
7

Top Buys

Rank Stock Value
1
ASR icon
Grupo Aeroportuario del Sureste
ASR
+$2.18M
2
FMX icon
Fomento Económico Mexicano
FMX
+$1.5M
3
PDD icon
Pinduoduo
PDD
+$1.45M
4
CX icon
Cemex
CX
+$1.36M
5
PAR icon
PAR Technology
PAR
+$1.04M

Top Sells

Rank Stock Value
1
MELI icon
Mercado Libre
MELI
+$3.02M
2
VIPS icon
Vipshop
VIPS
+$2.17M
3
YPF icon
YPF
YPF
+$1.99M
4
CROX icon
Crocs
CROX
+$1.75M
5
TCOM icon
Trip.com Group
TCOM
+$1.44M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 25.61%
2 Industrials 25.54%
3 Technology 19.79%
4 Consumer Staples 10.71%
5 Communication Services 8.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VALE icon
26
Vale
VALE
$62.9B
$1.23M 1.39%
110,523
+3,000
+3% +$36.1K
LEGH icon
27
Legacy Housing
LEGH
$630M
$1.11M 1.25%
48,426
– –
CROX icon
28
Crocs
CROX
$6.69B
$1.09M 1.23%
7,500
-12,500
-63% -$1.75M
BZ icon
29
Kanzhun
BZ
$6.89B
$1.06M 1.19%
56,472
+2,472
+5% +$49.8K
BIDU icon
30
Baidu
BIDU
$35.8B
$929K 1.04%
10,739
-2,600
-19% -$261K
OMAB icon
31
Grupo Aeroportuario Centro Norte
OMAB
$4.99B
$893K 1%
13,200
-100
-0.8% -$7.95K
BABA icon
32
Alibaba
BABA
$269B
$857K 0.96%
11,900
– –
VLRS
33
Controladora Vuela Compania de Aviacion
VLRS
$876M
$750K 0.84%
+118,000
New +$908K
SKY icon
34
Champion Homes
SKY
$4.48B
$678K 0.76%
10,000
-5,000
-33% -$374K
IIIV icon
35
i3 Verticals
IIIV
$395M
$552K 0.62%
25,000
-5,000
-17% -$105K
EDU icon
36
New Oriental
EDU
$7.84B
$490K 0.55%
+6,300
New +$513K
SWIM icon
37
Latham Group
SWIM
$646M
$476K 0.53%
157,123
+57,123
+57% +$199K
VIPS icon
38
Vipshop
VIPS
$6.84B
$64.8K 0.07%
4,980
-136,405
-96% -$2.17M
PHIN icon
39
Phinia Inc
PHIN
$2.9B
$15.7K 0.02%
+400
New +$16.5K
ASO icon
40
Academy Sports + Outdoors
ASO
$2.89B
– –
-10,000
Closed -$675K
BSAC icon
41
Banco Santander Chile
BSAC
$15.8B
– –
-30,720
Closed -$609K
DADA
42
DELISTED
Dada Nexus
DADA
– –
-200,900
Closed -$412K
EMBJ
43
Embraer S.A. ADS
EMBJ
$11.6B
– –
-43,750
Closed -$1.17M
NTES icon
44
NetEase
NTES
$76.5B
– –
-3,100
Closed -$321K
VIST icon
45
Vista Energy
VIST
$7.75B
– –
-15,633
Closed -$647K
YPF icon
46
YPF
YPF
$20.2B
– –
-100,400
Closed -$1.99M
1
2

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CIP
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EWP
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EIM
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JPT
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SPWM
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CF
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ABS Direct Equity Fund's Q2 2024 Portfolio in Review

As of Q2 2024, ABS Direct Equity Fund held 46 positions worth $89M, down 13% from $102M the previous quarter. Its ten largest holdings account for 53% of the portfolio.

ABS Direct Equity Fund withdrew a net $6.22M in Q2 2024, closing 7 positions and reducing 16 holdings. Its most notable exit was YPF, an estimated $1.99M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 26% of assets, down from 31% a quarter earlier, followed by Industrials and Technology.

Against the trend, ABS Direct Equity Fund opened a new position in Grupo Aeroportuario del Sureste worth $1.99M.

  • ABS Direct Equity Fund's largest Q2 2024 buy was Grupo Aeroportuario del Sureste: 6,660 shares worth $1.99M.
  • ABS Direct Equity Fund added most to Fomento Económico Mexicano in Q2 2024, an estimated $1.5M increase.
  • ABS Direct Equity Fund's biggest Q2 2024 reduction was Mercado Libre, cutting an estimated $3.02M.
  • ABS Direct Equity Fund fully exited YPF in Q2 2024, selling an estimated $1.99M.
  • ABS Direct Equity Fund's ten largest holdings make up 53% of its $89M portfolio in Q2 2024.
  • ABS Direct Equity Fund opened 4 new positions and closed 7 in Q2 2024.
  • ABS Direct Equity Fund's portfolio value fell 13% quarter-over-quarter to $89M.

Based on ABS Direct Equity Fund's 13F filing for Q2 2024, filed 7 Aug 2024.