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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
+48.56%
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
$66.1M
AUM Growth
-$55.1M
(-45%)
Cap. Flow
-$66.1M
Cap. Flow
% of AUM
-100.07%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
20
New
9
Increased
–
Reduced
1
Closed
10
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$12.9M |
| 2 |
Baidu
BIDU
|
+$8.58M |
| 3 |
Estee Lauder
EL
|
+$7.6M |
| 4 |
DQ
Daqo New Energy
DQ
|
+$7.5M |
| 5 |
SPLK
Splunk Inc
SPLK
|
+$4.92M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$40.3M |
| 2 |
Alibaba
BABA
|
+$27.8M |
| 3 |
New Oriental
EDU
|
+$9.45M |
| 4 |
SDC
SmileDirectClub, Inc. Class A Common Stock
SDC
|
+$8.71M |
| 5 |
JD.com
JD
|
+$6.24M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 54.76% |
| 2 | Communication Services | 18.92% |
| 3 | Consumer Staples | 12.73% |
| 4 | Consumer Discretionary | 7.58% |
| 5 | Industrials | 3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Micron Technology
MU
$1.04T
| $16.1M | 24.31% |
+213,600
| New | +$12.9M |
|
|
2
Baidu
BIDU
$35.8B
| $12.5M | 18.92% |
+57,800
| New | +$8.58M |
|
|
DQ
3
Daqo New Energy
DQ
$790M
| $9.87M | 14.94% |
+172,044
| New | +$7.5M |
|
|
4
Estee Lauder
EL
$29B
| $8.41M | 12.73% |
+31,600
| New | +$7.6M |
|
|
5
JD.com
JD
$40.8B
| $5.01M | 7.58% |
57,000
-74,700
| -57% | -$6.24M |
|
|
SPLK
6
DELISTED
Splunk Inc
SPLK
| $4.37M | 6.61% |
+25,700
| New | +$4.92M |
|
7
Microsoft
MSFT
$2.84T
| $3.94M | 5.96% |
+17,700
| New | +$3.81M |
|
|
SINA
8
DELISTED
Sina Corp
SINA
| $1.98M | 3% |
+46,800
| New | +$2.01M |
|
9
Northrop Grumman
NOC
$77B
| $1.98M | 3% |
+6,500
| New | +$1.99M |
|
10
Apple
AAPL
$4.89T
| $1.95M | 2.95% |
+14,700
| New | +$1.77M |
|
|
11
Alibaba
BABA
$269B
| – | – |
-94,500
| Closed | -$27.8M |
|
|
CUK
12
DELISTED
Carnival PLC
CUK
| – | – |
-335,933
| Closed | -$5.1M |
|
|
13
New Oriental
EDU
$7.84B
| – | – |
-63,200
| Closed | -$9.45M |
|
14
Hyatt Hotels
H
$17.6B
| – | – |
-72,700
| Closed | -$3.88M |
|
15
Intel
INTC
$466B
| – | – |
-82,100
| Closed | -$4.25M |
|
16
Marriott International
MAR
$98.7B
| – | – |
-41,500
| Closed | -$3.84M |
|
17
Sea Limited
SE
$61.2B
| – | – |
-26,800
| Closed | -$4.13M |
|
|
18
Tesla
TSLA
$1.24T
| – | – |
-281,769
| Closed | -$40.3M |
|
|
SDC
19
DELISTED
SmileDirectClub, Inc. Class A Common Stock
SDC
| – | – |
-746,000
| Closed | -$8.71M |
|
|
NFH
20
DELISTED
New Frontier Health Corporation Ordinary Shares
NFH
| – | – |
-458,096
| Closed | -$3.5M |
|
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Ariose Capital Management's Q4 2020 Portfolio in Review
As of Q4 2020, Ariose Capital Management held 20 positions worth $66.1M, down 45% from $121M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Ariose Capital Management withdrew a net $66.1M in Q4 2020, closing 10 positions and reducing 1 holding. Its most notable exit was Tesla, an estimated $40.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 55% of assets, up from 3.5% a quarter earlier, followed by Communication Services and Consumer Staples.
Against the trend, Ariose Capital Management opened a new position in Micron Technology worth $16.1M.
- Ariose Capital Management's largest Q4 2020 buy was Micron Technology: 213,600 shares worth $16.1M.
- Ariose Capital Management's biggest Q4 2020 reduction was JD.com, cutting an estimated $6.24M.
- Ariose Capital Management fully exited Tesla in Q4 2020, selling an estimated $40.3M.
- Ariose Capital Management's ten largest holdings make up 100% of its $66.1M portfolio in Q4 2020.
- Ariose Capital Management opened 9 new positions and closed 10 in Q4 2020.
- Ariose Capital Management's portfolio value fell 45% quarter-over-quarter to $66.1M.
Based on Ariose Capital Management's 13F filing for Q4 2020, filed 20 Jan 2021.