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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
+6.66%
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
$256M
AUM Growth
+$79.7M
(+45%)
Cap. Flow
+$72.8M
Cap. Flow
% of AUM
28.41%
Top 10 Holdings %
Top 10 Hldgs %
92.75%
Holding
19
New
10
Increased
1
Reduced
3
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vipshop
VIPS
|
+$31.2M |
| 2 |
New Oriental
EDU
|
+$29M |
| 3 |
Li Auto
LI
|
+$28.5M |
| 4 |
ACM Research
ACMR
|
+$21.5M |
| 5 |
KE Holdings
BEKE
|
+$20.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Trip.com Group
TCOM
|
+$32.1M |
| 2 |
NetEase
NTES
|
+$14.8M |
| 3 |
Tesla
TSLA
|
+$14.2M |
| 4 |
Alibaba
BABA
|
+$14.2M |
| 5 |
Lockheed Martin
LMT
|
+$7.97M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 40.79% |
| 2 | Technology | 25.13% |
| 3 | Consumer Staples | 15.95% |
| 4 | Real Estate | 8.34% |
| 5 | Communication Services | 8.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
ACM Research
ACMR
$5.18B
| $38.7M | 15.09% |
1,980,671
+1,229,839
| +164% | +$21.5M |
|
|
2
Vipshop
VIPS
$6.28B
| $35.5M | 13.84% |
+1,998,750
| New | +$31.2M |
|
|
3
New Oriental
EDU
$9.47B
| $30.6M | 11.94% |
+418,000
| New | +$29M |
|
|
4
Li Auto
LI
$12.1B
| $29.6M | 11.53% |
+789,600
| New | +$28.5M |
|
|
5
Alibaba
BABA
$281B
| $24.5M | 9.56% |
316,174
-178,431
| -36% | -$14.2M |
|
|
6
KE Holdings
BEKE
$19.8B
| $21.4M | 8.34% |
+1,319,700
| New | +$20.4M |
|
|
DQ
7
Daqo New Energy
DQ
$833M
| $21.3M | 8.3% |
800,124
| – | – |
|
|
8
NetEase
NTES
$76.4B
| $17.7M | 6.89% |
189,659
-138,982
| -42% | -$14.8M |
|
9
TAL Education Group
TAL
$6.88B
| $10.3M | 4% |
+812,400
| New | +$8.42M |
|
10
JD.com
JD
$38.2B
| $8.35M | 3.26% |
+289,200
| New | +$7.84M |
|
|
11
Tesla
TSLA
$1.4T
| $5.67M | 2.21% |
22,800
-59,900
| -72% | -$14.2M |
|
12
Advanced Micro Devices
AMD
$780B
| $3.39M | 1.32% |
+23,000
| New | +$2.71M |
|
13
Alphabet (Google) Class A
GOOGL
$4.14T
| $3.07M | 1.2% |
+22,000
| New | +$2.96M |
|
14
Northrop Grumman
NOC
$73.2B
| $2.81M | 1.1% |
+6,000
| New | +$2.81M |
|
|
HOLI
15
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $1.57M | 0.61% |
59,719
| – | – |
|
|
CAN
16
Canaan Creative
CAN
$268M
| $1.06M | 0.41% |
+458,700
| New | +$856K |
|
17
Atour Lifestyle Holdings
ATAT
$4.67B
| $1.01M | 0.4% |
58,465
| – | – |
|
|
18
Lockheed Martin
LMT
$121B
| – | – |
-19,500
| Closed | -$7.97M |
|
|
19
Trip.com Group
TCOM
$25.8B
| – | – |
-918,453
| Closed | -$32.1M |
|
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Ariose Capital Management's Q4 2023 Portfolio in Review
As of Q4 2023, Ariose Capital Management held 19 positions worth $256M, up 45% from $177M the previous quarter. Its ten largest holdings account for 93% of the portfolio.
Ariose Capital Management deployed $72.8M of net new capital in Q4 2023, opening 10 new positions and adding to 1 existing holding. Its largest new stake was Vipshop: 1,998,750 shares worth $35.5M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 41% of assets, down from 55% a quarter earlier, followed by Technology and Consumer Staples.
On the sell side, the largest reduction was NetEase, an estimated $14.8M trimmed.
- Ariose Capital Management's largest Q4 2023 buy was Vipshop: 1,998,750 shares worth $35.5M.
- Ariose Capital Management added most to ACM Research in Q4 2023, an estimated $21.5M increase.
- Ariose Capital Management's biggest Q4 2023 reduction was NetEase, cutting an estimated $14.8M.
- Ariose Capital Management fully exited Trip.com Group in Q4 2023, selling an estimated $32.1M.
- Ariose Capital Management's ten largest holdings make up 93% of its $256M portfolio in Q4 2023.
- Ariose Capital Management opened 10 new positions and closed 2 in Q4 2023.
- Ariose Capital Management's portfolio value rose 45% quarter-over-quarter to $256M.
Based on Ariose Capital Management's 13F filing for Q4 2023, filed 16 Jan 2024.