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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
+1.52%
1 Year Est. Return
+28.37%
3 Year Est. Return
+152.59%
5 Year Est. Return
+77.04%
10 Year Est. Return
–
AUM
$3.25B
AUM Growth
-$189M
Cap. Flow
-$195M
Cap. Flow %
-6%
Top 10 Hldgs %
77.12%
Holding
33
New
3
Increased
6
Reduced
7
Closed
3

Top Buys

Rank Stock Value
1
AMD icon
Advanced Micro Devices
AMD
+$103M
2
FCX icon
Freeport-McMoran
FCX
+$102M
3
PDD icon
Pinduoduo
PDD
+$97.7M
4
MU icon
Micron Technology
MU
+$85.1M
5
NVDA icon
NVIDIA
NVDA
+$56.3M

Top Sells

Rank Stock Value
1
LRCX icon
Lam Research
LRCX
+$150M
2
JD icon
JD.com
JD
+$124M
3
DASH icon
DoorDash
DASH
+$109M
4
FUTU icon
Futu Holdings
FUTU
+$99.8M
5
BEKE icon
KE Holdings
BEKE
+$91.7M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 41.74%
2 Technology 38.93%
3 Financials 8.79%
4 Materials 2.89%
5 Real Estate 2.2%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BABA icon
1
Alibaba
BABA
$282B
$460M 14.15%
5,300,316
-314,035
-6% -$28.7M
DASH icon
2
DoorDash
DASH
$81.2B
$313M 9.62%
3,934,446
-1,343,092
-25% -$109M
NVDA icon
3
NVIDIA
NVDA
$5.02T
$296M 9.09%
6,793,340
+1,256,890
+23% +$56.3M
MU icon
4
Micron Technology
MU
$964B
$274M 8.43%
4,027,348
+1,270,007
+46% +$85.1M
SE icon
5
Sea Limited
SE
$65.1B
$263M 8.1%
5,986,884
+140,600
+2% +$6.87M
AMD icon
6
Advanced Micro Devices
AMD
$817B
$233M 7.17%
2,266,109
+947,846
+72% +$103M
LI icon
7
Li Auto
LI
$12.8B
$186M 5.73%
5,222,387
-703,307
-12% -$27.7M
LRCX icon
8
Lam Research
LRCX
$401B
$177M 5.46%
2,828,710
-2,280,640
-45% -$150M
FUTU icon
9
Futu Holdings
FUTU
$13.7B
$153M 4.71%
2,647,181
-1,873,100
-41% -$99.8M
MRVL icon
10
Marvell Technology
MRVL
$169B
$152M 4.67%
2,803,652
+344,109
+14% +$20.3M
QFIN icon
11
Qfin Holdings
QFIN
$1.56B
$133M 4.08%
8,630,765
– –
PDD icon
12
Pinduoduo
PDD
$123B
$111M 3.42%
+1,134,411
New +$97.7M
GDS icon
13
GDS Holdings
GDS
$6.56B
$96.1M 2.96%
8,773,031
– –
FCX icon
14
Freeport-McMoran
FCX
$84.2B
$94M 2.89%
+2,521,903
New +$102M
BEKE icon
15
KE Holdings
BEKE
$19.3B
$71.5M 2.2%
4,610,000
-5,773,492
-56% -$91.7M
BZ icon
16
Kanzhun
BZ
$6.77B
$42.8M 1.32%
2,821,520
-2,000,000
-41% -$31.4M
GRAB icon
17
Grab
GRAB
$15.3B
$28.3M 0.87%
+8,000,000
New +$28.5M
RLX icon
18
RLX Technology
RLX
$2.48B
$18.3M 0.56%
12,123,409
+7,297,644
+151% +$11.4M
LANV icon
19
Lanvin Group Holdings
LANV
$153M
$18.2M 0.56%
4,500,000
– –
YSG
20
Yatsen Holding
YSG
$347M
$13.1M 0.4%
2,626,908
– –
VNET
21
VNET Group
VNET
$2.2B
$9.28M 0.29%
2,964,552
– –
EM
22
DELISTED
Smart Share Global Ltd
EM
$3.4M 0.1%
4,500,000
– –
PRE icon
23
Prenetics Global
PRE
$321M
$2.52M 0.08%
346,150
– –
HSAI
24
Hesai Group
HSAI
$2.46B
$2M 0.06%
200,000
– –
RBOT
25
DELISTED
Vicarious Surgical
RBOT
$1.54M 0.05%
86,667
– –
1
2

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EDRH
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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 2023 Portfolio in Review

As of Q3 2023, Aspex Management (HK) held 33 positions worth $3.25B, down 5.5% from $3.44B the previous quarter. Its ten largest holdings account for 77% of the portfolio.

Aspex Management (HK) withdrew a net $195M in Q3 2023, closing 3 positions and reducing 7 holdings. Its most notable exit was JD.com, an estimated $124M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 42% of assets, down from 46% a quarter earlier, followed by Technology and Financials.

Against the trend, Aspex Management (HK) opened a new position in Freeport-McMoran worth $94M.

  • Aspex Management (HK)'s largest Q3 2023 buy was Freeport-McMoran: 2,521,903 shares worth $94M.
  • Aspex Management (HK) added most to Advanced Micro Devices in Q3 2023, an estimated $103M increase.
  • Aspex Management (HK)'s biggest Q3 2023 reduction was Lam Research, cutting an estimated $150M.
  • Aspex Management (HK) fully exited JD.com in Q3 2023, selling an estimated $124M.
  • Aspex Management (HK)'s ten largest holdings make up 77% of its $3.25B portfolio in Q3 2023.
  • Aspex Management (HK) opened 3 new positions and closed 3 in Q3 2023.
  • Aspex Management (HK)'s portfolio value fell 5.5% quarter-over-quarter to $3.25B.

Based on Aspex Management (HK)'s 13F filing for Q3 2023, filed 14 Nov 2023.