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DVF
Discovery Value Fund Portfolio holdings
AUM
$34.7M
1-Year Est. Return
58.56%
This Fund
S&P 500
This Quarter
Est. Return
-4.24%
1 Year Est. Return
+58.56%
3 Year Est. Return
+207.12%
5 Year Est. Return
+65.96%
10 Year Est. Return
–
AUM
$916M
AUM Growth
+$32.8M
(+3.7%)
Cap. Flow
+$82.5M
Cap. Flow
% of AUM
9.01%
Top 10 Holdings %
Top 10 Hldgs %
99.03%
Holding
15
New
3
Increased
3
Reduced
4
Closed
1
Top Buys
| 1 |
TSMC
TSM
|
+$41M |
| 2 |
Alibaba
BABA
|
+$40.6M |
| 3 |
Tencent Music
TME
|
+$15.1M |
| 4 |
LK
Luckin Coffee Inc. American Depositary Shares
LK
|
+$2.1M |
| 5 |
LX
LexinFintech Holdings
LX
|
+$718K |
Top Sells
| 1 |
Tesla
TSLA
|
+$70.3M |
| 2 |
TAL Education Group
TAL
|
+$9.13M |
| 3 |
Intuitive Surgical
ISRG
|
+$2.91M |
| 4 |
JKS
JinkoSolar
JKS
|
+$2.34M |
| 5 |
Huazhu Hotels Group
HTHT
|
+$303K |
Sector Composition
| 1 | Consumer Discretionary | 47.91% |
| 2 | Communication Services | 28.8% |
| 3 | Consumer Staples | 7.08% |
| 4 | Technology | 5.98% |
| 5 | Healthcare | 1.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Alibaba
BABA
$276B
| $301M | 32.81% |
1,797,874
+236,435
| +15% | +$40.6M |
|
2
Meta Platforms (Facebook)
META
$1.64T
| $247M | 26.96% |
1,387,376
| – | – |
|
3
Amazon
AMZN
$2.66T
| $133M | 14.57% |
1,538,080
| – | – |
|
|
4
TAL Education Group
TAL
$5.68B
| $64.9M | 7.08% |
1,894,283
-262,200
| -12% | -$9.13M |
|
|
5
TSMC
TSM
$2.07T
| $44.7M | 4.87% |
+961,000
| New | +$41M |
|
|
6
Tencent Music
TME
$14.9B
| $16.9M | 1.84% |
1,322,258
+1,073,658
| +432% | +$15.1M |
|
|
7
Intuitive Surgical
ISRG
$122B
| $11.3M | 1.23% |
62,526
-16,800
| -21% | -$2.91M |
|
|
LX
8
LexinFintech Holdings
LX
$254M
| $10.5M | 1.15% |
1,047,904
+66,000
| +7% | +$718K |
|
|
JKS
9
JinkoSolar
JKS
$864M
| $10.1M | 1.1% |
634,653
-116,454
| -16% | -$2.34M |
|
|
ONC
10
BeOne Medicines Ltd
ONC
$32.4B
| $3.29M | 0.36% |
26,863
| – | – |
|
|
11
Huazhu Hotels Group
HTHT
$12.8B
| $2.96M | 0.32% |
89,697
-9,000
| -9% | -$303K |
|
|
LK
12
DELISTED
Luckin Coffee Inc. American Depositary Shares
LK
| $1.89M | 0.21% |
+99,300
| New | +$2.1M |
|
|
FINV
13
FinVolution Group
FINV
$1.12B
| $750K | 0.08% |
258,626
| – | – |
|
|
14
Tesla
TSLA
$1.43T
| – | – |
-4,718,235
| Closed | -$70.3M |
|
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Discovery Value Fund's Q3 2019 Portfolio in Review
As of Q3 2019, Discovery Value Fund held 15 positions worth $916M, up 3.7% from $884M the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Discovery Value Fund deployed $82.5M of net new capital in Q3 2019, opening 3 new positions and adding to 3 existing holdings. Its largest new stake was TSMC: 961,000 shares worth $44.7M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 48% of assets, down from 55% a quarter earlier, followed by Communication Services and Consumer Staples.
On the sell side, the largest reduction was TAL Education Group, an estimated $9.13M trimmed.
- Discovery Value Fund's largest Q3 2019 buy was TSMC: 961,000 shares worth $44.7M.
- Discovery Value Fund added most to Alibaba in Q3 2019, an estimated $40.6M increase.
- Discovery Value Fund's biggest Q3 2019 reduction was TAL Education Group, cutting an estimated $9.13M.
- Discovery Value Fund fully exited Tesla in Q3 2019, selling an estimated $70.3M.
- Discovery Value Fund's ten largest holdings make up 99% of its $916M portfolio in Q3 2019.
- Discovery Value Fund opened 3 new positions and closed 1 in Q3 2019.
- Discovery Value Fund's portfolio value rose 3.7% quarter-over-quarter to $916M.
Based on Discovery Value Fund's 13F filing for Q3 2019, filed 1 Nov 2019.