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AMH

Aspex Management (HK) Portfolio holdings

AUM $6.9B
1-Year Est. Return 28.37%
This Fund
S&P 500
This Quarter Est. Return
+20.73%
1 Year Est. Return
+28.37%
3 Year Est. Return
+152.59%
5 Year Est. Return
+77.04%
10 Year Est. Return
–
AUM
$1.56B
AUM Growth
+$743M
Cap. Flow
+$621M
Cap. Flow %
39.83%
Top 10 Hldgs %
90.85%
Holding
21
New
8
Increased
3
Reduced
4
Closed
3

Top Buys

Rank Stock Value
1
XPEV icon
XPeng
XPEV
+$203M
2
LVS icon
Las Vegas Sands
LVS
+$121M
3
BEKE icon
KE Holdings
BEKE
+$106M
4
MU icon
Micron Technology
MU
+$71.5M
5
NIO icon
NIO
NIO
+$61.6M

Top Sells

Rank Stock Value
1
GOOS
Canada Goose Holdings
GOOS
+$36.8M
2
LRCX icon
Lam Research
LRCX
+$28.7M
3
GDS icon
GDS Holdings
GDS
+$21.5M
4
SE icon
Sea Limited
SE
+$20.1M
5
MLCO icon
Melco Resorts & Entertainment
MLCO
+$14.1M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 48.56%
2 Technology 24.54%
3 Real Estate 8.31%
4 Financials 8.11%
5 Industrials 1.81%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JD icon
1
JD.com
JD
$40.8B
$314M 20.19%
4,052,006
+307,305
+8% +$21.4M
XPEV icon
2
XPeng
XPEV
$11.8B
$208M 13.37%
+10,379,425
New +$203M
GDS icon
3
GDS Holdings
GDS
$6.34B
$196M 12.61%
2,400,494
-267,907
-10% -$21.5M
BEKE icon
4
KE Holdings
BEKE
$16.8B
$130M 8.31%
+2,112,941
New +$106M
LVS icon
5
Las Vegas Sands
LVS
$30.5B
$118M 7.57%
+2,526,568
New +$121M
QFIN icon
6
Qfin Holdings
QFIN
$1.61B
$95.2M 6.11%
7,975,358
+2,043,581
+34% +$26.6M
NIO icon
7
NIO
NIO
$11.3B
$84.9M 5.45%
+4,000,000
New +$61.6M
LRCX icon
8
Lam Research
LRCX
$382B
$83M 5.33%
2,501,070
-833,690
-25% -$28.7M
MU icon
9
Micron Technology
MU
$1.04T
$69.3M 4.45%
+1,476,725
New +$71.5M
VNET
10
VNET Group
VNET
$2.05B
$33.5M 2.15%
1,447,191
-232,325
-14% -$5.41M
NFH
11
DELISTED
New Frontier Health Corporation Ordinary Shares
NFH
$31.1M 2%
4,081,250
– –
ZTO icon
12
ZTO Express
ZTO
$18.2B
$28.2M 1.81%
942,959
-127,519
-12% -$4.35M
HTHT icon
13
Huazhu Hotels Group
HTHT
$12.4B
$28.1M 1.8%
650,000
+264,168
+68% +$10.3M
BNR
14
Burning Rock Biotech
BNR
$7.33M 0.47%
29,242
– –
BZUN
15
Baozun
BZUN
$144M
$2.92M 0.19%
+89,896
New +$3.57M
NFH.WS
16
DELISTED
New Frontier Health Corporation Warrants, each whole warrant exercisable for one Ordinary Share at a
NFH.WS
$286K 0.02%
162,500
– –
GOOS
17
Canada Goose Holdings
GOOS
$868M
– –
-1,590,251
Closed -$36.8M
MLCO icon
18
Melco Resorts & Entertainment
MLCO
$2.1B
– –
-906,029
Closed -$14.1M
SE icon
19
Sea Limited
SE
$61.2B
– –
-187,413
Closed -$20.1M

Similar funds

EDRH
Edmond de Rothschild Holding Chambesy, Switzerland $6.91B AUM 19.7% 1-Year Est. Return
AG
AIA Group Hong Kong $6.88B AUM 20.97% 1-Year Est. Return
GAM
Groupama Asset Management Paris, France $6.85B AUM 43.37% 1-Year Est. Return
CIA
Capital Investment Advisors Atlanta, Georgia $6.84B AUM 17.28% 1-Year Est. Return
PFA
Pure Financial Advisors San Diego, California $6.97B AUM 16.14% 1-Year Est. Return
RBI
Raiffeisen Bank International Vienna, Austria $6.97B AUM 29.39% 1-Year Est. Return
STA
Summit Trail Advisors New York $6.98B AUM 19.51% 1-Year Est. Return
PS
Principal Securities Des Moines, Iowa $6.82B AUM 17.15% 1-Year Est. Return

Aspex Management (HK)'s Q3 2020 Portfolio in Review

As of Q3 2020, Aspex Management (HK) held 21 positions worth $1.56B, up 91% from $815M the previous quarter. Its ten largest holdings account for 91% of the portfolio.

Aspex Management (HK) deployed $621M of net new capital in Q3 2020, opening 8 new positions and adding to 3 existing holdings. Its largest new stake was XPeng: 10,379,425 shares worth $208M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 49% of assets, up from 38% a quarter earlier, followed by Technology and Real Estate.

On the sell side, the largest reduction was Lam Research, an estimated $28.7M trimmed.

  • Aspex Management (HK)'s largest Q3 2020 buy was XPeng: 10,379,425 shares worth $208M.
  • Aspex Management (HK) added most to Qfin Holdings in Q3 2020, an estimated $26.6M increase.
  • Aspex Management (HK)'s biggest Q3 2020 reduction was Lam Research, cutting an estimated $28.7M.
  • Aspex Management (HK) fully exited Canada Goose Holdings in Q3 2020, selling an estimated $36.8M.
  • Aspex Management (HK)'s ten largest holdings make up 91% of its $1.56B portfolio in Q3 2020.
  • Aspex Management (HK) opened 8 new positions and closed 3 in Q3 2020.
  • Aspex Management (HK)'s portfolio value rose 91% quarter-over-quarter to $1.56B.

Based on Aspex Management (HK)'s 13F filing for Q3 2020, filed 13 Nov 2020.