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ACM
Ariose Capital Management Portfolio holdings
AUM
$234M
1-Year Est. Return
640.82%
This Fund
S&P 500
This Quarter
Est. Return
+27.83%
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
$366M
AUM Growth
+$267M
(+270%)
Cap. Flow
+$219M
Cap. Flow
% of AUM
59.87%
Top 10 Holdings %
Top 10 Hldgs %
96.25%
Holding
17
New
9
Increased
3
Reduced
1
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NetEase
NTES
|
+$84.9M |
| 2 |
Alibaba
BABA
|
+$43.1M |
| 3 |
CBPO
China Biologic Products Holdings, Inc.
CBPO
|
+$28.2M |
| 4 |
Baidu
BIDU
|
+$20.6M |
| 5 |
TAL Education Group
TAL
|
+$16.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SINA
Sina Corp
SINA
|
+$17.3M |
| 2 |
MBLY
Mobileye N.V.
MBLY
|
+$4.64M |
| 3 |
SFUN
Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares)
SFUN
|
+$2.77M |
| 4 |
NOAH
Noah Holdings
NOAH
|
+$677K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 51.94% |
| 2 | Consumer Staples | 19.52% |
| 3 | Consumer Discretionary | 18.72% |
| 4 | Healthcare | 7.91% |
| 5 | Financials | 1.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
NetEase
NTES
$78.6B
| $135M | 36.95% |
2,590,755
+1,995,110
| +335% | +$84.9M |
|
|
2
TAL Education Group
TAL
$6.62B
| $65.1M | 17.78% |
5,489,424
+1,570,470
| +40% | +$16.6M |
|
|
3
Alibaba
BABA
$296B
| $47.8M | 13.06% |
+465,093
| New | +$43.1M |
|
|
CBPO
4
DELISTED
China Biologic Products Holdings, Inc.
CBPO
| $27.7M | 7.56% |
+238,841
| New | +$28.2M |
|
|
5
Baidu
BIDU
$32.9B
| $20.9M | 5.7% |
+119,103
| New | +$20.6M |
|
|
MOMO
6
Hello Group
MOMO
$845M
| $18.9M | 5.15% |
+802,703
| New | +$14.2M |
|
|
CYOU
7
DELISTED
Changyou.com Limited American Depositary Share
CYOU
| $12.2M | 3.34% |
+454,400
| New | +$10.5M |
|
8
Vipshop
VIPS
$6.42B
| $10.2M | 2.78% |
+718,000
| New | +$10.1M |
|
9
Melco Resorts & Entertainment
MLCO
$2.02B
| $7.4M | 2.02% |
+468,118
| New | +$6.59M |
|
|
NOAH
10
Noah Holdings
NOAH
$589M
| $6.99M | 1.91% |
283,424
-25,900
| -8% | -$677K |
|
|
COE
11
51Talk Online Education Group
COE
$92.2M
| $6.38M | 1.74% |
81,939
+75,689
| +1,211% | +$6.38M |
|
|
ICON
12
DELISTED
Iconix Brand Group, Inc.
ICON
| $3.14M | 0.86% |
40,013
| – | – |
|
13
Weibo
WB
$1.72B
| $2.95M | 0.81% |
+55,720
| New | +$2.3M |
|
|
ONC
14
BeOne Medicines Ltd
ONC
$41.5B
| $1.26M | 0.34% |
+38,599
| New | +$1.12M |
|
|
SFUN
15
DELISTED
Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares)
SFUN
| – | – |
-11,009
| Closed | -$2.77M |
|
|
SINA
16
DELISTED
Sina Corp
SINA
| – | – |
-333,909
| Closed | -$17.3M |
|
|
MBLY
17
DELISTED
Mobileye N.V.
MBLY
| – | – |
-100,604
| Closed | -$4.64M |
|
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Ariose Capital Management's Q3 2016 Portfolio in Review
As of Q3 2016, Ariose Capital Management held 17 positions worth $366M, up 270% from $98.9M the previous quarter. Its ten largest holdings account for 96% of the portfolio.
Ariose Capital Management deployed $219M of net new capital in Q3 2016, opening 9 new positions and adding to 3 existing holdings. Its largest new stake was Alibaba: 465,093 shares worth $47.8M.
By sector, the portfolio is most concentrated in Communication Services at 52% of assets, up from 41% a quarter earlier, followed by Consumer Staples and Consumer Discretionary.
On the sell side, the largest reduction was Noah Holdings, an estimated $677K trimmed.
- Ariose Capital Management's largest Q3 2016 buy was Alibaba: 465,093 shares worth $47.8M.
- Ariose Capital Management added most to NetEase in Q3 2016, an estimated $84.9M increase.
- Ariose Capital Management's biggest Q3 2016 reduction was Noah Holdings, cutting an estimated $677K.
- Ariose Capital Management fully exited Sina Corp in Q3 2016, selling an estimated $17.3M.
- Ariose Capital Management's ten largest holdings make up 96% of its $366M portfolio in Q3 2016.
- Ariose Capital Management opened 9 new positions and closed 3 in Q3 2016.
- Ariose Capital Management's portfolio value rose 270% quarter-over-quarter to $366M.
Based on Ariose Capital Management's 13F filing for Q3 2016, filed 1 Nov 2016.