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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
+37.89%
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
$203M
AUM Growth
-$104M
(-34%)
Cap. Flow
-$174M
Cap. Flow
% of AUM
-85.85%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
14
New
3
Increased
2
Reduced
2
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
MOMO
Hello Group
MOMO
|
+$12.2M |
| 2 |
ONC
BeOne Medicines Ltd
ONC
|
+$5.83M |
| 3 |
Alibaba
BABA
|
+$2.78M |
| 4 |
CLDT
Chatham Lodging
CLDT
|
+$1.8M |
| 5 |
Vipshop
VIPS
|
+$1.19M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NetEase
NTES
|
+$72.5M |
| 2 |
Trip.com Group
TCOM
|
+$28.5M |
| 3 |
CBPO
China Biologic Products Holdings, Inc.
CBPO
|
+$25.7M |
| 4 |
JD.com
JD
|
+$18.8M |
| 5 |
Trimble
TRMB
|
+$17.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 42.64% |
| 2 | Consumer Staples | 27.21% |
| 3 | Consumer Discretionary | 23.83% |
| 4 | Healthcare | 3.58% |
| 5 | Real Estate | 2.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
NetEase
NTES
$76.4B
| $70.9M | 34.94% |
1,243,885
-1,346,870
| -52% | -$72.5M |
|
2
TAL Education Group
TAL
$6.88B
| $55.2M | 27.21% |
3,108,384
-1,155,000
| -27% | -$16.7M |
|
|
3
Alibaba
BABA
$281B
| $47.1M | 23.2% |
436,577
+27,300
| +7% | +$2.78M |
|
|
MOMO
4
Hello Group
MOMO
$710M
| $15.6M | 7.7% |
+458,600
| New | +$12.2M |
|
|
ONC
5
BeOne Medicines Ltd
ONC
$40.5B
| $7.27M | 3.58% |
198,609
+160,010
| +415% | +$5.83M |
|
|
CLDT
6
Chatham Lodging
CLDT
$607M
| $5.55M | 2.74% |
+89,500
| New | +$1.8M |
|
|
7
Vipshop
VIPS
$6.28B
| $1.28M | 0.63% |
+96,173
| New | +$1.19M |
|
8
Baidu
BIDU
$33.7B
| – | – |
-58,541
| Closed | -$9.63M |
|
|
COE
9
51Talk Online Education Group
COE
$84.6M
| – | – |
-78,613
| Closed | -$4.89M |
|
|
10
JD.com
JD
$38.2B
| – | – |
-740,603
| Closed | -$18.8M |
|
|
11
Trip.com Group
TCOM
$25.8B
| – | – |
-711,968
| Closed | -$28.5M |
|
|
12
Trimble
TRMB
$13.9B
| – | – |
-580,923
| Closed | -$17.5M |
|
|
ICON
13
DELISTED
Iconix Brand Group, Inc.
ICON
| – | – |
-40,013
| Closed | -$3.74M |
|
|
CBPO
14
DELISTED
China Biologic Products Holdings, Inc.
CBPO
| – | – |
-238,841
| Closed | -$25.7M |
|
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Ariose Capital Management's Q1 2017 Portfolio in Review
As of Q1 2017, Ariose Capital Management held 14 positions worth $203M, down 34% from $307M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Ariose Capital Management withdrew a net $174M in Q1 2017, closing 7 positions and reducing 2 holdings. Its most notable exit was Trip.com Group, an estimated $28.5M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 43% of assets, up from 39% a quarter earlier, followed by Consumer Staples and Consumer Discretionary.
Against the trend, Ariose Capital Management opened a new position in Hello Group worth $15.6M.
- Ariose Capital Management's largest Q1 2017 buy was Hello Group: 458,600 shares worth $15.6M.
- Ariose Capital Management added most to BeOne Medicines Ltd in Q1 2017, an estimated $5.83M increase.
- Ariose Capital Management's biggest Q1 2017 reduction was NetEase, cutting an estimated $72.5M.
- Ariose Capital Management fully exited Trip.com Group in Q1 2017, selling an estimated $28.5M.
- Ariose Capital Management's ten largest holdings make up 100% of its $203M portfolio in Q1 2017.
- Ariose Capital Management opened 3 new positions and closed 7 in Q1 2017.
- Ariose Capital Management's portfolio value fell 34% quarter-over-quarter to $203M.
Based on Ariose Capital Management's 13F filing for Q1 2017, filed 9 May 2017.