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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
-1.03%
1 Year Est. Return
+27.89%
3 Year Est. Return
+210.08%
5 Year Est. Return
+50.02%
10 Year Est. Return
–
AUM
$1.08B
AUM Growth
-$106M
(-9%)
Cap. Flow
+$52.8M
Cap. Flow
% of AUM
4.91%
Top 10 Holdings %
Top 10 Hldgs %
94.81%
Holding
24
New
10
Increased
4
Reduced
5
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Shopify
SHOP
|
+$210M |
| 2 |
Tesla
TSLA
|
+$201M |
| 3 |
Bilibili
BILI
|
+$38.5M |
| 4 |
Pinduoduo
PDD
|
+$31.6M |
| 5 |
Beyond Meat
BYND
|
+$31.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$138M |
| 2 |
Alibaba
BABA
|
+$107M |
| 3 |
TSMC
TSM
|
+$66.3M |
| 4 |
TAL Education Group
TAL
|
+$58M |
| 5 |
LK
Luckin Coffee Inc. American Depositary Shares
LK
|
+$29.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 43.83% |
| 2 | Technology | 33.7% |
| 3 | Communication Services | 12.48% |
| 4 | Consumer Staples | 5.53% |
| 5 | Industrials | 1.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Shopify
SHOP
$187B
| $291M | 27.04% |
6,983,010
+4,657,890
| +200% | +$210M |
|
|
2
Alibaba
BABA
$281B
| $257M | 23.88% |
1,321,881
-513,163
| -28% | -$107M |
|
|
3
Tesla
TSLA
$1.4T
| $170M | 15.75% |
+4,854,240
| New | +$201M |
|
|
4
Meta Platforms (Facebook)
META
$1.57T
| $97M | 9.01% |
581,479
-706,547
| -55% | -$138M |
|
|
5
TSMC
TSM
$2.22T
| $63.9M | 5.93% |
1,337,037
-1,211,913
| -48% | -$66.3M |
|
|
6
TAL Education Group
TAL
$6.88B
| $38M | 3.53% |
713,170
-1,078,613
| -60% | -$58M |
|
|
7
Bilibili
BILI
$6.37B
| $37.4M | 3.47% |
+1,594,946
| New | +$38.5M |
|
|
8
Pinduoduo
PDD
$117B
| $31.2M | 2.9% |
+866,012
| New | +$31.6M |
|
|
9
Beyond Meat
BYND
$203M
| $21.6M | 2.01% |
+10,816
| New | +$31.5M |
|
|
LK
10
DELISTED
Luckin Coffee Inc. American Depositary Shares
LK
| $14.1M | 1.31% |
516,893
-789,605
| -60% | -$29.1M |
|
|
LX
11
LexinFintech Holdings
LX
$145M
| $9.28M | 0.86% |
1,046,672
+21,300
| +2% | +$263K |
|
12
Delta Air Lines
DAL
$52.7B
| $9.27M | 0.86% |
+324,786
| New | +$16.1M |
|
13
EOG Resources
EOG
$76.2B
| $8.79M | 0.82% |
+244,820
| New | +$15.9M |
|
14
Boeing
BA
$168B
| $8.44M | 0.78% |
+56,600
| New | +$15.5M |
|
15
Intuitive Surgical
ISRG
$130B
| $8.44M | 0.78% |
51,123
+36,000
| +238% | +$6.59M |
|
16
Uber
UBER
$155B
| $3.98M | 0.37% |
+142,400
| New | +$4.69M |
|
|
JKS
17
JinkoSolar
JKS
$627M
| $3.88M | 0.36% |
261,055
+125,201
| +92% | +$2.63M |
|
18
Occidental Petroleum
OXY
$60B
| $2.43M | 0.23% |
+210,091
| New | +$6.9M |
|
19
Gilead Sciences
GILD
$187B
| $449K | 0.04% |
+6,000
| New | +$415K |
|
20
Veeva Systems
VEEV
$44.5B
| $308K | 0.03% |
1,970
| – | – |
|
|
FINV
21
FinVolution Group
FINV
$800M
| $282K | 0.03% |
158,453
| – | – |
|
22
iQIYI
IQ
$849M
| – | – |
-378,896
| Closed | -$8M |
|
23
Tencent Music
TME
$13.5B
| – | – |
-1,454,355
| Closed | -$17.1M |
|
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Discovery Value Fund's Q1 2020 Portfolio in Review
As of Q1 2020, Discovery Value Fund held 24 positions worth $1.08B, down 9% from $1.18B the previous quarter. Its ten largest holdings account for 95% of the portfolio.
Discovery Value Fund deployed $52.8M of net new capital in Q1 2020, opening 10 new positions and adding to 4 existing holdings. Its largest new stake was Tesla: 4,854,240 shares worth $170M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 44% of assets, up from 37% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was Meta Platforms (Facebook), an estimated $138M trimmed.
- Discovery Value Fund's largest Q1 2020 buy was Tesla: 4,854,240 shares worth $170M.
- Discovery Value Fund added most to Shopify in Q1 2020, an estimated $210M increase.
- Discovery Value Fund's biggest Q1 2020 reduction was Meta Platforms (Facebook), cutting an estimated $138M.
- Discovery Value Fund fully exited Tencent Music in Q1 2020, selling an estimated $17.1M.
- Discovery Value Fund's ten largest holdings make up 95% of its $1.08B portfolio in Q1 2020.
- Discovery Value Fund opened 10 new positions and closed 3 in Q1 2020.
- Discovery Value Fund's portfolio value fell 9% quarter-over-quarter to $1.08B.
Based on Discovery Value Fund's 13F filing for Q1 2020, filed 13 May 2020.