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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
-2.17%
1 Year Est. Return
+7.53%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$74.8M
AUM Growth
-$11.5M
(-13%)
Cap. Flow
-$7.95M
Cap. Flow
% of AUM
-10.64%
Top 10 Holdings %
Top 10 Hldgs %
50.57%
Holding
48
New
10
Increased
9
Reduced
19
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
VLRS
Controladora Vuela Compania de Aviacion
VLRS
|
+$2.52M |
| 2 |
Unifirst Corp
UNF
|
+$2.51M |
| 3 |
Flywire
FLYW
|
+$1.57M |
| 4 |
Legend Biotech
LEGN
|
+$1.19M |
| 5 |
Pampa Energía
PAM
|
+$1.04M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Full Truck Alliance
YMM
|
+$3.29M |
| 2 |
SWI
SolarWinds Corporation Common Stock
SWI
|
+$3.21M |
| 3 |
Grupo Aeroportuario Centro Norte
OMAB
|
+$1.83M |
| 4 |
Asbury Automotive
ABG
|
+$1.7M |
| 5 |
Grupo Aeroportuario del Sureste
ASR
|
+$1.61M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 27.97% |
| 2 | Consumer Discretionary | 27.8% |
| 3 | Technology | 18% |
| 4 | Consumer Staples | 8.34% |
| 5 | Communication Services | 5.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Legend Biotech
LEGN
$4.3B
| $1.12M | 1.5% |
+33,100
| New | +$1.19M |
|
|
27
Grupo Aeroportuario Centro Norte
OMAB
$4.99B
| $1.03M | 1.38% |
13,090
-23,610
| -64% | -$1.83M |
|
|
28
Flywire
FLYW
$1.96B
| $950K | 1.27% |
+100,000
| New | +$1.57M |
|
29
Alta Equipment Group
ALTG
$210M
| $938K | 1.25% |
200,000
-9,200
| -4% | -$57.4K |
|
30
Kanzhun
BZ
$6.89B
| $929K | 1.24% |
48,453
-16,819
| -26% | -$274K |
|
31
KE Holdings
BEKE
$16.8B
| $848K | 1.13% |
42,200
-42,000
| -50% | -$832K |
|
32
Mercado Libre
MELI
$91.3B
| $780K | 1.04% |
400
-100
| -20% | -$198K |
|
33
MINISO
MNSO
$3.64B
| $685K | 0.92% |
37,054
-40,387
| -52% | -$881K |
|
34
Huazhu Hotels Group
HTHT
$12.4B
| $640K | 0.86% |
17,294
-26,100
| -60% | -$904K |
|
|
AMTM
35
Amentum Holdings
AMTM
$5.51B
| $592K | 0.79% |
+32,500
| New | +$662K |
|
36
Lennar Class A
LEN
$20.4B
| $574K | 0.77% |
+5,000
| New | +$624K |
|
37
Banco Bradesco
BBD
$38.1B
| $563K | 0.75% |
+252,500
| New | +$523K |
|
38
BBVA Argentina
BBAR
$3.85B
| $551K | 0.74% |
30,417
+9,000
| +42% | +$183K |
|
|
HEPS
39
D-Market Electronic Services & Trading
HEPS
$1B
| $528K | 0.71% |
185,300
+5,300
| +3% | +$17.2K |
|
40
ARKO Corp
ARKO
$890M
| $395K | 0.53% |
+100,000
| New | +$584K |
|
41
Banco Macro
BMA
$5.7B
| $310K | 0.41% |
+4,100
| New | +$383K |
|
|
EH
42
EHang Holdings
EH
$372M
| $292K | 0.39% |
+14,000
| New | +$284K |
|
|
43
Asbury Automotive
ABG
$4.19B
| – | – |
-7,000
| Closed | -$1.7M |
|
44
Alibaba
BABA
$269B
| – | – |
-11,900
| Closed | -$1.01M |
|
45
BlueLinx
BXC
$455M
| – | – |
-5,000
| Closed | -$511K |
|
|
EDN
46
Edenor
EDN
$1.13B
| – | – |
-17,038
| Closed | -$731K |
|
47
Extreme Networks
EXTR
$3.86B
| – | – |
-46,523
| Closed | -$779K |
|
|
SWI
48
DELISTED
SolarWinds Corporation Common Stock
SWI
| – | – |
-225,000
| Closed | -$3.21M |
|
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ABS Direct Equity Fund's Q1 2025 Portfolio in Review
As of Q1 2025, ABS Direct Equity Fund held 48 positions worth $74.8M, down 13% from $86.3M the previous quarter. Its ten largest holdings account for 51% of the portfolio.
ABS Direct Equity Fund withdrew a net $7.95M in Q1 2025, closing 6 positions and reducing 19 holdings. Its most notable exit was SolarWinds Corporation Common Stock, an estimated $3.21M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 28% of assets, up from 23% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, ABS Direct Equity Fund opened a new position in Controladora Vuela Compania de Aviacion worth $1.83M.
- ABS Direct Equity Fund's largest Q1 2025 buy was Controladora Vuela Compania de Aviacion: 350,600 shares worth $1.83M.
- ABS Direct Equity Fund added most to Pampa Energía in Q1 2025, an estimated $1.04M increase.
- ABS Direct Equity Fund's biggest Q1 2025 reduction was Full Truck Alliance, cutting an estimated $3.29M.
- ABS Direct Equity Fund fully exited SolarWinds Corporation Common Stock in Q1 2025, selling an estimated $3.21M.
- ABS Direct Equity Fund's ten largest holdings make up 51% of its $74.8M portfolio in Q1 2025.
- ABS Direct Equity Fund opened 10 new positions and closed 6 in Q1 2025.
- ABS Direct Equity Fund's portfolio value fell 13% quarter-over-quarter to $74.8M.
Based on ABS Direct Equity Fund's 13F filing for Q1 2025, filed 17 Apr 2025.