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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
+3.39%
1 Year Est. Return
+7.53%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$62.9M
AUM Growth
-$11.9M
(-16%)
Cap. Flow
-$13.4M
Cap. Flow
% of AUM
-21.26%
Top 10 Holdings %
Top 10 Hldgs %
58.69%
Holding
47
New
5
Increased
9
Reduced
12
Closed
14
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Full Truck Alliance
YMM
|
+$4.6M |
| 2 |
FIVE9
FIVN
|
+$2.6M |
| 3 |
Flywire
FLYW
|
+$1.78M |
| 4 |
Vista Energy
VIST
|
+$946K |
| 5 |
AIOT
PowerFleet Inc
AIOT
|
+$741K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pinduoduo
PDD
|
+$3.2M |
| 2 |
America Movil
AMX
|
+$3.13M |
| 3 |
Rentokil
RTO
|
+$3.01M |
| 4 |
Unifirst Corp
UNF
|
+$2.09M |
| 5 |
VLRS
Controladora Vuela Compania de Aviacion
VLRS
|
+$1.83M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.75% |
| 2 | Consumer Discretionary | 21.01% |
| 3 | Industrials | 16.61% |
| 4 | Consumer Staples | 11.92% |
| 5 | Energy | 4.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Mercado Libre
MELI
$91.3B
| $784K | 1.25% |
300
-100
| -25% | -$234K |
|
27
Coca-Cola Femsa
KOF
$21.6B
| $740K | 1.18% |
+7,654
| New | +$725K |
|
|
AIOT
28
PowerFleet Inc
AIOT
$500M
| $647K | 1.03% |
+150,000
| New | +$741K |
|
29
Vesta Real Estate
VTMX
$3.12B
| $572K | 0.91% |
+20,900
| New | +$561K |
|
|
HEPS
30
D-Market Electronic Services & Trading
HEPS
$1B
| $500K | 0.8% |
185,300
| – | – |
|
31
BBVA Argentina
BBAR
$3.85B
| $455K | 0.72% |
27,665
-2,752
| -9% | -$52.6K |
|
|
32
Rentokil
RTO
$14.3B
| $360K | 0.57% |
15,000
-130,000
| -90% | -$3.01M |
|
33
Banco Macro
BMA
$5.7B
| $259K | 0.41% |
3,695
-405
| -10% | -$33.5K |
|
|
34
America Movil
AMX
$78.1B
| – | – |
-220,300
| Closed | -$3.13M |
|
35
ARKO Corp
ARKO
$890M
| – | – |
-100,000
| Closed | -$395K |
|
36
Grupo Aeroportuario del Sureste
ASR
$8.03B
| – | – |
-6,600
| Closed | -$1.81M |
|
37
Banco Bradesco
BBD
$38.1B
| – | – |
-252,500
| Closed | -$563K |
|
38
KE Holdings
BEKE
$16.8B
| – | – |
-42,200
| Closed | -$848K |
|
39
Kanzhun
BZ
$6.89B
| – | – |
-48,453
| Closed | -$929K |
|
|
EH
40
EHang Holdings
EH
$372M
| – | – |
-14,000
| Closed | -$292K |
|
41
Huazhu Hotels Group
HTHT
$12.4B
| – | – |
-17,294
| Closed | -$640K |
|
42
Lennar Class A
LEN
$20.4B
| – | – |
-5,000
| Closed | -$574K |
|
43
MINISO
MNSO
$3.64B
| – | – |
-37,054
| Closed | -$685K |
|
44
Trip.com Group
TCOM
$27.5B
| – | – |
-19,731
| Closed | -$1.25M |
|
|
45
Unifirst Corp
UNF
$5.32B
| – | – |
-12,000
| Closed | -$2.09M |
|
|
VLRS
46
Controladora Vuela Compania de Aviacion
VLRS
$876M
| – | – |
-350,600
| Closed | -$1.83M |
|
|
AMTM
47
Amentum Holdings
AMTM
$5.51B
| – | – |
-32,500
| Closed | -$592K |
|
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ABS Direct Equity Fund's Q2 2025 Portfolio in Review
As of Q2 2025, ABS Direct Equity Fund held 47 positions worth $62.9M, down 16% from $74.8M the previous quarter. Its ten largest holdings account for 59% of the portfolio.
ABS Direct Equity Fund withdrew a net $13.4M in Q2 2025, closing 14 positions and reducing 12 holdings. Its most notable exit was America Movil, an estimated $3.13M position sold in full.
By sector, the portfolio is most concentrated in Technology at 37% of assets, up from 18% a quarter earlier, followed by Consumer Discretionary and Industrials.
Against the trend, ABS Direct Equity Fund opened a new position in FIVE9 worth $2.65M.
- ABS Direct Equity Fund's largest Q2 2025 buy was FIVE9: 100,000 shares worth $2.65M.
- ABS Direct Equity Fund added most to Full Truck Alliance in Q2 2025, an estimated $4.6M increase.
- ABS Direct Equity Fund's biggest Q2 2025 reduction was Pinduoduo, cutting an estimated $3.2M.
- ABS Direct Equity Fund fully exited America Movil in Q2 2025, selling an estimated $3.13M.
- ABS Direct Equity Fund's ten largest holdings make up 59% of its $62.9M portfolio in Q2 2025.
- ABS Direct Equity Fund opened 5 new positions and closed 14 in Q2 2025.
- ABS Direct Equity Fund's portfolio value fell 16% quarter-over-quarter to $62.9M.
Based on ABS Direct Equity Fund's 13F filing for Q2 2025, filed 16 Jul 2025.