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DVF
Discovery Value Fund Portfolio holdings
AUM
$39.8M
1-Year Est. Return
27.89%
This Fund
S&P 500
This Quarter
Est. Return
+25.83%
1 Year Est. Return
+27.89%
3 Year Est. Return
+210.08%
5 Year Est. Return
+50.02%
10 Year Est. Return
–
AUM
$1.18B
AUM Growth
+$267M
(+29%)
Cap. Flow
+$14.9M
Cap. Flow
% of AUM
1.26%
Top 10 Holdings %
Top 10 Hldgs %
99.43%
Holding
17
New
3
Increased
4
Reduced
7
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TSMC
TSM
|
+$84.2M |
| 2 |
Shopify
SHOP
|
+$78.6M |
| 3 |
LK
Luckin Coffee Inc. American Depositary Shares
LK
|
+$30.5M |
| 4 |
Alibaba
BABA
|
+$6.97M |
| 5 |
iQIYI
IQ
|
+$6.97M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$133M |
| 2 |
Meta Platforms (Facebook)
META
|
+$19.2M |
| 3 |
Intuitive Surgical
ISRG
|
+$8.88M |
| 4 |
JKS
JinkoSolar
JKS
|
+$8.71M |
| 5 |
TAL Education Group
TAL
|
+$4.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 37.25% |
| 2 | Communication Services | 24.47% |
| 3 | Technology | 20.59% |
| 4 | Miscellaneous | 8.88% |
| 5 | Consumer Staples | 7.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Alibaba
BABA
$281B
| $389M | 32.9% |
1,835,044
+37,170
| +2% | +$6.97M |
|
|
2
Meta Platforms (Facebook)
META
$1.57T
| $264M | 22.35% |
1,288,026
-99,350
| -7% | -$19.2M |
|
|
3
TSMC
TSM
$2.21T
| $148M | 12.52% |
2,548,950
+1,587,950
| +165% | +$84.2M |
|
|
4
Shopify
SHOP
$187B
| $92.4M | 7.81% |
+2,325,120
| New | +$78.6M |
|
|
5
TAL Education Group
TAL
$6.85B
| $86.4M | 7.3% |
1,791,783
-102,500
| -5% | -$4.4M |
|
|
LK
6
DELISTED
Luckin Coffee Inc. American Depositary Shares
LK
| $51.4M | 4.35% |
1,306,498
+1,207,198
| +1,216% | +$30.5M |
|
7
Tencent Music
TME
$13.5B
| $17.1M | 1.44% |
1,454,355
+132,097
| +10% | +$1.7M |
|
|
LX
8
LexinFintech Holdings
LX
$149M
| $14.2M | 1.2% |
1,025,372
-22,532
| -2% | -$258K |
|
|
9
iQIYI
IQ
$859M
| $8M | 0.68% |
+378,896
| New | +$6.97M |
|
|
JKS
10
JinkoSolar
JKS
$630M
| $3.06M | 0.26% |
135,854
-498,799
| -79% | -$8.71M |
|
|
11
Intuitive Surgical
ISRG
$129B
| $2.98M | 0.25% |
15,123
-47,403
| -76% | -$8.88M |
|
|
FINV
12
FinVolution Group
FINV
$800M
| $420K | 0.04% |
158,453
-100,173
| -39% | -$266K |
|
13
Veeva Systems
VEEV
$44.4B
| $277K | 0.02% |
+1,970
| New | +$289K |
|
|
14
Amazon
AMZN
$2.78T
| – | – |
-1,538,080
| Closed | -$133M |
|
15
Huazhu Hotels Group
HTHT
$14.1B
| – | – |
-89,697
| Closed | -$2.96M |
|
|
ONC
16
BeOne Medicines Ltd
ONC
$40.5B
| – | – |
-26,863
| Closed | -$3.29M |
|
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Discovery Value Fund's Q4 2019 Portfolio in Review
As of Q4 2019, Discovery Value Fund held 17 positions worth $1.18B, up 29% from $916M the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Discovery Value Fund's Q4 2019 filing shows 3 new, 4 increased, 7 reduced and 3 closed positions. Its largest new stake was Shopify: 2,325,120 shares worth $92.4M. The largest sale was Amazon, an estimated $133M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 37% of assets, down from 48% a quarter earlier, followed by Communication Services and Technology.
- Discovery Value Fund's largest Q4 2019 buy was Shopify: 2,325,120 shares worth $92.4M.
- Discovery Value Fund added most to TSMC in Q4 2019, an estimated $84.2M increase.
- Discovery Value Fund's biggest Q4 2019 reduction was Meta Platforms (Facebook), cutting an estimated $19.2M.
- Discovery Value Fund fully exited Amazon in Q4 2019, selling an estimated $133M.
- Discovery Value Fund's ten largest holdings make up 99% of its $1.18B portfolio in Q4 2019.
- Discovery Value Fund opened 3 new positions and closed 3 in Q4 2019.
- Discovery Value Fund's portfolio value rose 29% quarter-over-quarter to $1.18B.
Based on Discovery Value Fund's 13F filing for Q4 2019, filed 13 Feb 2020.