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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
-4.06%
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
$125M
AUM Growth
-$138M
(-52%)
Cap. Flow
-$128M
Cap. Flow
% of AUM
-102.3%
Top 10 Holdings %
Top 10 Hldgs %
99.66%
Holding
19
New
5
Increased
3
Reduced
2
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NetEase
NTES
|
+$15.7M |
| 2 |
JD.com
JD
|
+$11.4M |
| 3 |
DQ
Daqo New Energy
DQ
|
+$7.86M |
| 4 |
Unity
U
|
+$5.8M |
| 5 |
ACM Research
ACMR
|
+$4.29M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Li Auto
LI
|
+$65.1M |
| 2 |
New Oriental
EDU
|
+$24.3M |
| 3 |
Alibaba
BABA
|
+$20.4M |
| 4 |
Canadian Solar
CSIQ
|
+$19.2M |
| 5 |
Caterpillar
CAT
|
+$12.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 44.87% |
| 2 | Technology | 30.88% |
| 3 | Communication Services | 23.41% |
| 4 | Industrials | 0.84% |
| 5 | Materials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
JD.com
JD
$38.2B
| $34M | 27.13% |
996,955
+313,644
| +46% | +$11.4M |
|
|
2
NetEase
NTES
$76.4B
| $29.4M | 23.41% |
303,670
+173,670
| +134% | +$15.7M |
|
3
Micron Technology
MU
$1.15T
| $14M | 11.19% |
222,400
| – | – |
|
|
4
Alibaba
BABA
$281B
| $13.5M | 10.78% |
162,271
-232,968
| -59% | -$20.4M |
|
|
5
ACM Research
ACMR
$5.18B
| $8.91M | 7.1% |
681,223
+407,382
| +149% | +$4.29M |
|
|
6
Unity
U
$18.3B
| $7.87M | 6.28% |
+181,262
| New | +$5.8M |
|
7
Trip.com Group
TCOM
$25.8B
| $7.78M | 6.2% |
222,200
-264,300
| -54% | -$9.19M |
|
|
DQ
8
Daqo New Energy
DQ
$833M
| $7.48M | 5.96% |
+188,369
| New | +$7.86M |
|
|
HOLI
9
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $1.05M | 0.84% |
+59,719
| New | +$977K |
|
10
Atour Lifestyle Holdings
ATAT
$4.67B
| $949K | 0.76% |
+58,465
| New | +$1.14M |
|
|
CAN
11
Canaan Creative
CAN
$268M
| $430K | 0.34% |
+201,938
| New | +$489K |
|
12
KE Holdings
BEKE
$19.8B
| – | – |
-364,104
| Closed | -$6.86M |
|
13
BHP
BHP
$230B
| – | – |
-102,733
| Closed | -$6.51M |
|
|
14
Caterpillar
CAT
$374B
| – | – |
-54,000
| Closed | -$12.4M |
|
|
15
Canadian Solar
CSIQ
$898M
| – | – |
-483,365
| Closed | -$19.2M |
|
|
16
New Oriental
EDU
$9.47B
| – | – |
-629,055
| Closed | -$24.3M |
|
|
JKS
17
JinkoSolar
JKS
$627M
| – | – |
-127,500
| Closed | -$6.51M |
|
|
18
Li Auto
LI
$12.1B
| – | – |
-2,607,990
| Closed | -$65.1M |
|
19
Weibo
WB
$1.65B
| – | – |
-275,707
| Closed | -$5.53M |
|
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Ariose Capital Management's Q2 2023 Portfolio in Review
As of Q2 2023, Ariose Capital Management held 19 positions worth $125M, down 52% from $263M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Ariose Capital Management withdrew a net $128M in Q2 2023, closing 8 positions and reducing 2 holdings. Its most notable exit was Li Auto, an estimated $65.1M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 45% of assets, down from 58% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Ariose Capital Management opened a new position in Daqo New Energy worth $7.48M.
- Ariose Capital Management's largest Q2 2023 buy was Daqo New Energy: 188,369 shares worth $7.48M.
- Ariose Capital Management added most to NetEase in Q2 2023, an estimated $15.7M increase.
- Ariose Capital Management's biggest Q2 2023 reduction was Alibaba, cutting an estimated $20.4M.
- Ariose Capital Management fully exited Li Auto in Q2 2023, selling an estimated $65.1M.
- Ariose Capital Management's ten largest holdings make up 100% of its $125M portfolio in Q2 2023.
- Ariose Capital Management opened 5 new positions and closed 8 in Q2 2023.
- Ariose Capital Management's portfolio value fell 52% quarter-over-quarter to $125M.
Based on Ariose Capital Management's 13F filing for Q2 2023, filed 20 Jul 2023.