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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 | |
|---|---|---|---|---|---|---|
1
Pinduoduo
PDD
$118B
| $6.46M | 8.64% |
54,600
-5,500
| -9% | -$631K |
|
2
Fomento Económico Mexicano
FMX
$43.3B
| $6.24M | 8.34% |
63,900
-4,000
| -6% | -$362K |
|
3
PAR Technology
PAR
$637M
| $3.99M | 5.33% |
65,000
-5,000
| -7% | -$335K |
|
4
Rentokil
RTO
$14.3B
| $3.32M | 4.44% |
145,000
-15,000
| -9% | -$362K |
|
5
Euronet Worldwide
EEFT
$3.02B
| $3.21M | 4.29% |
30,000
| – | – |
|
6
America Movil
AMX
$78.1B
| $3.13M | 4.19% |
220,300
+3,500
| +2% | +$50.2K |
|
7
Cemex
CX
$17.4B
| $3.12M | 4.17% |
555,300
-29,000
| -5% | -$175K |
|
8
Griffon
GFF
$4.16B
| $2.86M | 3.83% |
40,000
-10,000
| -20% | -$738K |
|
9
Kaspi.kz JSC
KSPI
$16.3B
| $2.76M | 3.69% |
29,713
| – | – |
|
10
United Parks & Resorts
PRKS
$2.11B
| $2.73M | 3.65% |
60,000
-10,000
| -14% | -$517K |
|
11
Grupo Aeroportuario del Pacifico
PAC
$12.9B
| $2.63M | 3.52% |
14,200
+3,650
| +35% | +$692K |
|
12
Phinia Inc
PHIN
$2.9B
| $2.55M | 3.41% |
60,000
+10,000
| +20% | +$479K |
|
|
13
Pampa Energía
PAM
$4.64B
| $2.3M | 3.07% |
29,750
+12,550
| +73% | +$1.04M |
|
|
14
Unifirst Corp
UNF
$5.32B
| $2.09M | 2.79% |
+12,000
| New | +$2.51M |
|
|
VLRS
15
Controladora Vuela Compania de Aviacion
VLRS
$876M
| $1.83M | 2.45% |
+350,600
| New | +$2.52M |
|
|
16
Grupo Aeroportuario del Sureste
ASR
$8.03B
| $1.81M | 2.42% |
6,600
-5,880
| -47% | -$1.61M |
|
17
Transportadora de Gas del Sur
TGS
$4.59B
| $1.67M | 2.24% |
63,200
+3,531
| +6% | +$98K |
|
18
Crocs
CROX
$6.69B
| $1.59M | 2.13% |
15,000
| – | – |
|
19
Xponential Fitness
XPOF
$265M
| $1.46M | 1.95% |
175,000
| – | – |
|
|
20
Full Truck Alliance
YMM
$9.56B
| $1.29M | 1.73% |
101,000
-272,700
| -73% | -$3.29M |
|
21
International Money Express
IMXI
$392M
| $1.26M | 1.69% |
100,000
+25,000
| +33% | +$428K |
|
22
Trip.com Group
TCOM
$27.5B
| $1.25M | 1.68% |
19,731
-19,800
| -50% | -$1.3M |
|
23
Latham Group
SWIM
$646M
| $1.22M | 1.63% |
190,000
-10,000
| -5% | -$67.3K |
|
24
Legacy Housing
LEGH
$630M
| $1.13M | 1.52% |
45,000
-5,000
| -10% | -$127K |
|
25
Galicia Financial Group
GGAL
$7.92B
| $1.13M | 1.52% |
20,791
+10,152
| +95% | +$631K |
|
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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.