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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
+11.57%
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
-$47M
(-19%)
Cap. Flow
-$55.1M
Cap. Flow
% of AUM
-27.12%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
13
New
5
Increased
1
Reduced
2
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SINA
Sina Corp
SINA
|
+$50.3M |
| 2 |
Alibaba
BABA
|
+$29.6M |
| 3 |
ONC
BeOne Medicines Ltd
ONC
|
+$12.5M |
| 4 |
VanEck Gold Miners ETF
GDX
|
+$10.3M |
| 5 |
BZUN
Baozun
BZUN
|
+$3.83M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NetEase
NTES
|
+$73.6M |
| 2 |
TAL Education Group
TAL
|
+$37.5M |
| 3 |
Huazhu Hotels Group
HTHT
|
+$19.3M |
| 4 |
New Oriental
EDU
|
+$16.7M |
| 5 |
MOMO
Hello Group
MOMO
|
+$9.91M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 38.13% |
| 2 | Communication Services | 28.03% |
| 3 | Consumer Staples | 21.31% |
| 4 | Healthcare | 7.61% |
| 5 | Miscellaneous | 4.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SINA
1
DELISTED
Sina Corp
SINA
| $55.4M | 27.26% |
531,400
+438,644
| +473% | +$50.3M |
|
|
2
Huazhu Hotels Group
HTHT
$14.1B
| $44.2M | 21.75% |
1,342,380
-527,704
| -28% | -$19.3M |
|
|
3
TAL Education Group
TAL
$6.88B
| $43.3M | 21.31% |
1,167,813
-1,093,811
| -48% | -$37.5M |
|
|
4
Alibaba
BABA
$281B
| $28.8M | 14.19% |
+157,100
| New | +$29.6M |
|
|
ONC
5
BeOne Medicines Ltd
ONC
$40.5B
| $15.5M | 7.61% |
+92,080
| New | +$12.5M |
|
|
6
VanEck Gold Miners ETF
GDX
$30.2B
| $10M | 4.92% |
+455,400
| New | +$10.3M |
|
|
BZUN
7
Baozun
BZUN
$167M
| $4.47M | 2.2% |
+97,400
| New | +$3.83M |
|
8
iQIYI
IQ
$849M
| $1.55M | 0.77% |
+100,000
| New | +$1.55M |
|
|
BEDU
9
DELISTED
Bright Scholar Education Holdings
BEDU
| – | – |
-52,934
| Closed | -$3.95M |
|
|
10
New Oriental
EDU
$9.47B
| – | – |
-177,400
| Closed | -$16.7M |
|
|
MOMO
11
Hello Group
MOMO
$710M
| – | – |
-404,800
| Closed | -$9.91M |
|
|
12
NetEase
NTES
$76.4B
| – | – |
-1,062,000
| Closed | -$73.6M |
|
|
SOGO
13
DELISTED
Sogou Inc. American Depositary Shares, each representing one Class A Ordinary Share
SOGO
| – | – |
-186,019
| Closed | -$2.15M |
|
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Ariose Capital Management's Q1 2018 Portfolio in Review
As of Q1 2018, Ariose Capital Management held 13 positions worth $203M, down 19% from $250M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Ariose Capital Management withdrew a net $55.1M in Q1 2018, closing 5 positions and reducing 2 holdings. Its most notable exit was NetEase, an estimated $73.6M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 38% of assets, up from 27% a quarter earlier, followed by Communication Services and Consumer Staples.
Against the trend, Ariose Capital Management opened a new position in Alibaba worth $28.8M.
- Ariose Capital Management's largest Q1 2018 buy was Alibaba: 157,100 shares worth $28.8M.
- Ariose Capital Management added most to Sina Corp in Q1 2018, an estimated $50.3M increase.
- Ariose Capital Management's biggest Q1 2018 reduction was TAL Education Group, cutting an estimated $37.5M.
- Ariose Capital Management fully exited NetEase in Q1 2018, selling an estimated $73.6M.
- Ariose Capital Management's ten largest holdings make up 100% of its $203M portfolio in Q1 2018.
- Ariose Capital Management opened 5 new positions and closed 5 in Q1 2018.
- Ariose Capital Management's portfolio value fell 19% quarter-over-quarter to $203M.
Based on Ariose Capital Management's 13F filing for Q1 2018, filed 2 May 2018.