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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
+7.61%
1 Year Est. Return
+7.53%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$102M
AUM Growth
-$4.23M
(-4%)
Cap. Flow
-$10.1M
Cap. Flow
% of AUM
-9.93%
Top 10 Holdings %
Top 10 Hldgs %
49.51%
Holding
51
New
8
Increased
9
Reduced
14
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Rentokil
RTO
|
+$3.36M |
| 2 |
Vipshop
VIPS
|
+$2.38M |
| 3 |
Kaspi.kz JSC
KSPI
|
+$2.29M |
| 4 |
PAR Technology
PAR
|
+$1.99M |
| 5 |
Pinduoduo
PDD
|
+$1.79M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Griffon
GFF
|
+$5.83M |
| 2 |
Mercado Libre
MELI
|
+$3.24M |
| 3 |
Yum China
YUMC
|
+$2.18M |
| 4 |
Coupang
CPNG
|
+$2.12M |
| 5 |
Infosys
INFY
|
+$2.08M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 30.52% |
| 2 | Industrials | 23.82% |
| 3 | Technology | 16.38% |
| 4 | Communication Services | 9.46% |
| 5 | Consumer Staples | 9.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
51
Yum China
YUMC
$14.9B
| – | – |
-51,456
| Closed | -$2.18M |
|
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ABS Direct Equity Fund's Q1 2024 Portfolio in Review
As of Q1 2024, ABS Direct Equity Fund held 51 positions worth $102M, down 4% from $106M the previous quarter. Its ten largest holdings account for 50% of the portfolio.
ABS Direct Equity Fund withdrew a net $10.1M in Q1 2024, closing 9 positions and reducing 14 holdings. Its most notable exit was Yum China, an estimated $2.18M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 31% of assets, down from 34% a quarter earlier, followed by Industrials and Technology.
Against the trend, ABS Direct Equity Fund opened a new position in Rentokil worth $3.66M.
- ABS Direct Equity Fund's largest Q1 2024 buy was Rentokil: 121,260 shares worth $3.66M.
- ABS Direct Equity Fund added most to Pinduoduo in Q1 2024, an estimated $1.79M increase.
- ABS Direct Equity Fund's biggest Q1 2024 reduction was Griffon, cutting an estimated $5.83M.
- ABS Direct Equity Fund fully exited Yum China in Q1 2024, selling an estimated $2.18M.
- ABS Direct Equity Fund's ten largest holdings make up 50% of its $102M portfolio in Q1 2024.
- ABS Direct Equity Fund opened 8 new positions and closed 9 in Q1 2024.
- ABS Direct Equity Fund's portfolio value fell 4% quarter-over-quarter to $102M.
Based on ABS Direct Equity Fund's 13F filing for Q1 2024, filed 9 May 2024.