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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
+10.35%
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
$250M
AUM Growth
-$122M
(-33%)
Cap. Flow
-$131M
Cap. Flow
% of AUM
-52.34%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
15
New
5
Increased
–
Reduced
3
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NetEase
NTES
|
+$66.3M |
| 2 |
MOMO
Hello Group
MOMO
|
+$11.7M |
| 3 |
SINA
Sina Corp
SINA
|
+$9.9M |
| 4 |
BEDU
Bright Scholar Education Holdings
BEDU
|
+$4.62M |
| 5 |
SOGO
Sogou Inc. American Depositary Shares, each representing one Class A Ordinary Share
SOGO
|
+$2.28M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$72.1M |
| 2 |
BZUN
Baozun
BZUN
|
+$30.9M |
| 3 |
Tesla
TSLA
|
+$30.7M |
| 4 |
New Oriental
EDU
|
+$30.6M |
| 5 |
Huazhu Hotels Group
HTHT
|
+$16.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 37.08% |
| 2 | Consumer Staples | 35.09% |
| 3 | Consumer Discretionary | 26.98% |
| 4 | Technology | 0.86% |
| 5 | Healthcare | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
NetEase
NTES
$78.6B
| $73.6M | 29.4% |
+1,062,000
| New | +$66.3M |
|
|
2
Huazhu Hotels Group
HTHT
$14.7B
| $67.5M | 26.98% |
1,870,084
-521,200
| -22% | -$16.5M |
|
3
TAL Education Group
TAL
$6.62B
| $67.2M | 26.84% |
2,261,624
-137,411
| -6% | -$4.18M |
|
|
4
New Oriental
EDU
$9.36B
| $16.7M | 6.66% |
177,400
-344,900
| -66% | -$30.6M |
|
|
MOMO
5
Hello Group
MOMO
$845M
| $9.91M | 3.96% |
+404,800
| New | +$11.7M |
|
|
SINA
6
DELISTED
Sina Corp
SINA
| $9.3M | 3.72% |
+92,756
| New | +$9.9M |
|
|
BEDU
7
DELISTED
Bright Scholar Education Holdings
BEDU
| $3.95M | 1.58% |
+52,934
| New | +$4.62M |
|
|
SOGO
8
DELISTED
Sogou Inc. American Depositary Shares, each representing one Class A Ordinary Share
SOGO
| $2.15M | 0.86% |
+186,019
| New | +$2.28M |
|
|
9
Alibaba
BABA
$296B
| – | – |
-417,600
| Closed | -$72.1M |
|
10
Baidu
BIDU
$32.9B
| – | – |
-62,900
| Closed | -$15.6M |
|
|
BZUN
11
Baozun
BZUN
$176M
| – | – |
-942,787
| Closed | -$30.9M |
|
12
JD.com
JD
$38.8B
| – | – |
-244,300
| Closed | -$9.33M |
|
13
NVIDIA
NVDA
$5.25T
| – | – |
-2,333,920
| Closed | -$10.4M |
|
|
14
Tesla
TSLA
$1.38T
| – | – |
-1,351,500
| Closed | -$30.7M |
|
|
ONC
15
BeOne Medicines Ltd
ONC
$41.5B
| – | – |
-52,600
| Closed | -$5.44M |
|
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Ariose Capital Management's Q4 2017 Portfolio in Review
As of Q4 2017, Ariose Capital Management held 15 positions worth $250M, down 33% from $373M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Ariose Capital Management withdrew a net $131M in Q4 2017, closing 7 positions and reducing 3 holdings. Its most notable exit was Alibaba, an estimated $72.1M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 37% of assets, up from 4.2% a quarter earlier, followed by Consumer Staples and Consumer Discretionary.
Against the trend, Ariose Capital Management opened a new position in NetEase worth $73.6M.
- Ariose Capital Management's largest Q4 2017 buy was NetEase: 1,062,000 shares worth $73.6M.
- Ariose Capital Management's biggest Q4 2017 reduction was New Oriental, cutting an estimated $30.6M.
- Ariose Capital Management fully exited Alibaba in Q4 2017, selling an estimated $72.1M.
- Ariose Capital Management's ten largest holdings make up 100% of its $250M portfolio in Q4 2017.
- Ariose Capital Management opened 5 new positions and closed 7 in Q4 2017.
- Ariose Capital Management's portfolio value fell 33% quarter-over-quarter to $250M.
Based on Ariose Capital Management's 13F filing for Q4 2017, filed 9 Feb 2018.