ACM
Ariose Capital Management Portfolio holdings
AUM
$234M
Turnover
86.67%
1-Year Est. Return
640.82%
This Fund
S&P 500
This Quarter
Est. Return
+19.91%
1 Year Est. Return
+640.82%
3 Year Est. Return
+1,745.27%
5 Year Est. Return
+1,965.74%
10 Year Est. Return
+75,367.35%
AUM
$98.9M
AUM Growth
-$7.14M
(-6.7%)
Cap. Flow
-$21.5M
Cap. Flow
% of AUM
-21.78%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
12
New
5
Increased
2
Reduced
1
Closed
4
Avg Time Held
0.2
years
Top 10 Avg Time Held
0.2
years
Top 20 Avg Time Held
0.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NetEase
NTES
|
+$18.5M |
| 2 |
SINA
Sina Corp
SINA
|
+$16.7M |
| 3 |
Iconix Brand Group, Inc.
ICON
|
+$3.12M |
| 4 |
SFUN
Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares)
SFUN
|
+$3.04M |
| 5 |
Noah Holdings
NOAH
|
+$955K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$20.6M |
| 2 |
TAL Education Group
TAL
|
+$13.1M |
| 3 |
Wynn Resorts
WYNN
|
+$13.1M |
| 4 |
CBPO
China Biologic Products Holdings, Inc.
CBPO
|
+$10.1M |
| 5 |
EHIC
eHi Car Services Limited
EHIC
|
+$7.97M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 41.47% |
| 2 | Communication Services | 40.77% |
| 3 | Financials | 7.54% |
| 4 | Technology | 4.69% |
| 5 | Real Estate | 2.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
TAL Education Group
TAL
$6.95B
| $40.5M | 40.97% |
3,918,954
-1,431,894
| -27% | -$13.1M |
2015 Q4
2 quarters
|
|
|
2
NetEase
NTES
$79.2B
| $23M | 23.26% |
+595,645
| New | +$18.5M |
2016 Q2
0 quarters
|
|
|
SINA
3
DELISTED
Sina Corp
SINA
| $17.3M | 17.51% |
+333,909
| New | +$16.7M |
2016 Q2
0 quarters
|
|
|
4
Noah Holdings
NOAH
$507M
| $7.46M | 7.54% |
309,324
+38,754
| +14% | +$955K |
2015 Q4
2 quarters
|
|
5
DELISTED
Mobileye N.V.
MBLY
| $4.64M | 4.69% |
100,604
+12,604
| +14% | +$482K |
2016 Q1
1 quarter
|
|
|
SFUN
6
DELISTED
Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares)
SFUN
| $2.77M | 2.8% |
+11,009
| New | +$3.04M |
2016 Q2
0 quarters
|
|
|
7
DELISTED
Iconix Brand Group, Inc.
ICON
| $2.71M | 2.73% |
+40,013
| New | +$3.12M |
2016 Q2
0 quarters
|
|
8
51Talk Online Education Group
COE
$70.4M
| $496K | 0.5% |
+6,250
| New | +$523K |
2016 Q2
0 quarters
|
|
|
9
Alibaba
BABA
$277B
| – | – |
-260,574
| Closed | -$20.6M | – |
|
|
10
Wynn Resorts
WYNN
$7.59B
| – | – |
-139,700
| Closed | -$13.1M | – |
|
|
EHIC
11
DELISTED
eHi Car Services Limited
EHIC
| – | – |
-638,101
| Closed | -$7.97M | – |
|
|
CBPO
12
DELISTED
China Biologic Products Holdings, Inc.
CBPO
| – | – |
-88,655
| Closed | -$10.1M | – |
|
Similar funds
RCAP
ONSWM
RCM
CWA
CI
PPA
NAC
WB
Ariose Capital Management's Q2 2016 Portfolio in Review
As of Q2 2016, Ariose Capital Management held 12 positions worth $98.9M, down 6.7% from $106M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Ariose Capital Management withdrew a net $21.5M in Q2 2016, closing 4 positions and reducing 1 holding. Its most notable exit was Alibaba, an estimated $20.6M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 41% of assets, down from 42% a quarter earlier, followed by Communication Services and Financials.
Against the trend, Ariose Capital Management opened a new position in NetEase worth $23M.
- Ariose Capital Management's largest Q2 2016 buy was NetEase: 595,645 shares worth $23M.
- Ariose Capital Management added most to Noah Holdings in Q2 2016, an estimated $955K increase.
- Ariose Capital Management's biggest Q2 2016 reduction was TAL Education Group, cutting an estimated $13.1M.
- Ariose Capital Management fully exited Alibaba in Q2 2016, selling an estimated $20.6M.
- Ariose Capital Management's ten largest holdings make up 100% of its $98.9M portfolio in Q2 2016.
- Ariose Capital Management opened 5 new positions and closed 4 in Q2 2016.
- Ariose Capital Management's portfolio value fell 6.7% quarter-over-quarter to $98.9M.
Based on Ariose Capital Management's 13F filing for Q2 2016, filed 28 Jul 2016.