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ACM
Ariose Capital Management Portfolio holdings
AUM
$149M
1-Year Est. Return
287.58%
This Fund
S&P 500
This Quarter
Est. Return
+63.6%
1 Year Est. Return
+287.58%
3 Year Est. Return
+646.37%
5 Year Est. Return
+978.47%
10 Year Est. Return
+48,390.52%
AUM
$141M
AUM Growth
-$68.1M
(-33%)
Cap. Flow
-$110M
Cap. Flow
% of AUM
-78.13%
Top 10 Holdings %
Top 10 Hldgs %
72.09%
Holding
54
New
10
Increased
5
Reduced
4
Closed
34
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$11.6M |
| 2 |
Datadog
DDOG
|
+$9.6M |
| 3 |
Pinduoduo
PDD
|
+$8.43M |
| 4 |
TAL Education Group
TAL
|
+$7.36M |
| 5 |
Bilibili
BILI
|
+$4.75M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$37.5M |
| 2 |
Tesla
TSLA
|
+$13M |
| 3 |
JD.com
JD
|
+$12.9M |
| 4 |
Align Technology
ALGN
|
+$7.46M |
| 5 |
SPDR Gold Trust
GLD
|
+$7.34M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 30.41% |
| 2 | Technology | 27.08% |
| 3 | Consumer Staples | 15.25% |
| 4 | Communication Services | 10.79% |
| 5 | Healthcare | 8.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
TAL Education Group
TAL
$5.71B
| $17.4M | 12.35% |
253,900
+128,750
| +103% | +$7.36M |
|
|
2
Amazon
AMZN
$2.5T
| $14.7M | 10.43% |
106,300
+96,300
| +963% | +$11.6M |
|
|
3
Datadog
DDOG
$87.9B
| $13.7M | 9.75% |
+157,700
| New | +$9.6M |
|
|
4
Pinduoduo
PDD
$118B
| $12M | 8.55% |
+140,100
| New | +$8.43M |
|
|
5
JD.com
JD
$40.8B
| $11.8M | 8.39% |
196,000
-253,900
| -56% | -$12.9M |
|
6
Microsoft
MSFT
$2.84T
| $7.79M | 5.54% |
38,300
+3,800
| +11% | +$690K |
|
7
NVIDIA
NVDA
$5.01T
| $7.64M | 5.43% |
804,000
-655,600
| -45% | -$5.3M |
|
|
8
Bilibili
BILI
$7.18B
| $6.77M | 4.82% |
+146,200
| New | +$4.75M |
|
9
Intuitive Surgical
ISRG
$121B
| $4.9M | 3.49% |
25,800
+12,000
| +87% | +$2.15M |
|
|
KC
10
Kingsoft Cloud Holdings
KC
$2.84B
| $4.71M | 3.35% |
+149,300
| New | +$3.42M |
|
11
Netflix
NFLX
$292B
| $4.32M | 3.07% |
95,000
+68,090
| +253% | +$2.9M |
|
|
12
Tesla
TSLA
$1.24T
| $4.28M | 3.04% |
59,430
-240,570
| -80% | -$13M |
|
|
SPLK
13
DELISTED
Splunk Inc
SPLK
| $4.23M | 3.01% |
+21,300
| New | +$3.37M |
|
14
PayPal
PYPL
$49.5B
| $4.14M | 2.94% |
+23,760
| New | +$3.28M |
|
|
JOYY
15
JOYY Inc
JOYY
$3.73B
| $4.08M | 2.9% |
+46,117
| New | +$3.07M |
|
|
SDC
16
DELISTED
SmileDirectClub, Inc. Class A Common Stock
SDC
| $4.08M | 2.9% |
+516,100
| New | +$3.5M |
|
17
New Oriental
EDU
$7.84B
| $4.08M | 2.9% |
+31,300
| New | +$3.81M |
|
|
NFH
18
DELISTED
New Frontier Health Corporation Ordinary Shares
NFH
| $3.79M | 2.7% |
458,096
| – | – |
|
19
iShares Expanded Tech-Software Sector ETF
IGV
$13B
| $3.35M | 2.39% |
+59,000
| New | +$2.96M |
|
20
Moderna
MRNA
$21.5B
| $2.89M | 2.05% |
45,000
-28,100
| -38% | -$1.54M |
|
|
21
Align Technology
ALGN
$12B
| – | – |
-42,900
| Closed | -$7.46M |
|
22
Advanced Micro Devices
AMD
$851B
| – | – |
-48,100
| Closed | -$2.19M |
|
23
Axalta
AXTA
$7.01B
| – | – |
-114,600
| Closed | -$1.98M |
|
24
Bank of America
BAC
$435B
| – | – |
-232,700
| Closed | -$4.94M |
|
|
BNY
25
Bank of New York Mellon
BNY
$108B
| – | – |
-61,600
| Closed | -$2.08M |
|
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Ariose Capital Management's Q2 2020 Portfolio in Review
As of Q2 2020, Ariose Capital Management held 54 positions worth $141M, down 33% from $209M the previous quarter. Its ten largest holdings account for 72% of the portfolio.
Ariose Capital Management withdrew a net $110M in Q2 2020, closing 34 positions and reducing 4 holdings. Its most notable exit was Invesco QQQ Trust, an estimated $37.5M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 30% of assets, down from 31% a quarter earlier, followed by Technology and Consumer Staples.
Against the trend, Ariose Capital Management opened a new position in Datadog worth $13.7M.
- Ariose Capital Management's largest Q2 2020 buy was Datadog: 157,700 shares worth $13.7M.
- Ariose Capital Management added most to Amazon in Q2 2020, an estimated $11.6M increase.
- Ariose Capital Management's biggest Q2 2020 reduction was Tesla, cutting an estimated $13M.
- Ariose Capital Management fully exited Invesco QQQ Trust in Q2 2020, selling an estimated $37.5M.
- Ariose Capital Management's ten largest holdings make up 72% of its $141M portfolio in Q2 2020.
- Ariose Capital Management opened 10 new positions and closed 34 in Q2 2020.
- Ariose Capital Management's portfolio value fell 33% quarter-over-quarter to $141M.
Based on Ariose Capital Management's 13F filing for Q2 2020, filed 7 Aug 2020.