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FC
Franchise Capital Portfolio holdings
AUM
$230M
1-Year Est. Return
49.93%
This Fund
S&P 500
This Quarter
Est. Return
-14.63%
1 Year Est. Return
+49.93%
3 Year Est. Return
+537.18%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$837M
AUM Growth
-$318M
(-28%)
Cap. Flow
-$31.2M
Cap. Flow
% of AUM
-3.73%
Top 10 Holdings %
Top 10 Hldgs %
80.01%
Holding
27
New
6
Increased
5
Reduced
9
Closed
6
Avg Time Held
1.3
quarters
Top 10 Avg Time Held
1
quarter
Top 20 Avg Time Held
1.3
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Zhihu
ZH
|
+$35.5M |
| 2 |
Advanced Micro Devices
AMD
|
+$31.7M |
| 3 |
Coinbase
COIN
|
+$30.5M |
| 4 |
NVIDIA
NVDA
|
+$30M |
| 5 |
Daqo New Energy
DQ
|
+$27.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sea Limited
SE
|
+$95.3M |
| 2 |
TSMC
TSM
|
+$34M |
| 3 |
Block Inc
XYZ
|
+$31M |
| 4 |
Yalla Group
YALA
|
+$24.2M |
| 5 |
Tesla
TSLA
|
+$22.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 39.63% |
| 2 | Technology | 27.6% |
| 3 | Communication Services | 21.2% |
| 4 | Consumer Staples | 4.74% |
| 5 | Financials | 4.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Pinduoduo
PDD
$115B
| $143M | 17.09% |
1,577,604
+183,623
| +13% | +$17.9M |
2021 Q1
2 quarters
|
|
|
2
Sea Limited
SE
$58.7B
| $127M | 15.23% |
399,894
-310,680
| -44% | -$95.3M |
2021 Q1
2 quarters
|
|
3
Bilibili
BILI
$6.26B
| $109M | 12.99% |
1,643,508
-13,951
| -0.8% | -$1.19M |
2021 Q1
2 quarters
|
|
4
Shopify
SHOP
$231B
| $68.6M | 8.19% |
505,970
-100,270
| -17% | -$15M |
2021 Q1
2 quarters
|
|
5
DoorDash
DASH
$84.2B
| $61.3M | 7.32% |
297,472
+114,846
| +63% | +$22M |
2021 Q2
1 quarter
|
|
6
Tuya Inc
TUYA
$1.06B
| $37.9M | 4.52% |
4,174,850
+1,054,373
| +34% | +$16.2M |
2021 Q1
2 quarters
|
|
|
7
Zhihu
ZH
$288M
| $32.7M | 3.91% |
+590,872
| New | +$35.5M |
2021 Q3
0 quarters
|
|
|
8
Advanced Micro Devices
AMD
$970B
| $31.9M | 3.81% |
+310,155
| New | +$31.7M |
2021 Q3
0 quarters
|
|
|
9
NVIDIA
NVDA
$5.46T
| $29.9M | 3.58% |
+1,444,750
| New | +$30M |
2021 Q3
0 quarters
|
|
|
10
Coinbase
COIN
$47.6B
| $28.2M | 3.37% |
+124,010
| New | +$30.5M |
2021 Q3
0 quarters
|
|
|
11
Daqo New Energy
DQ
$741M
| $26.1M | 3.12% |
+458,014
| New | +$27.4M |
2021 Q3
0 quarters
|
|
|
12
TSMC
TSM
$2.3T
| $25M | 2.98% |
223,519
-289,235
| -56% | -$34M |
2021 Q1
2 quarters
|
|
13
Roblox
RBLX
$35.4B
| $23.8M | 2.84% |
314,656
-234,098
| -43% | -$19.2M |
2021 Q2
1 quarter
|
|
14
Moderna
MRNA
$85.3B
| $23.1M | 2.76% |
+59,973
| New | +$22.1M |
2021 Q3
0 quarters
|
|
15
RLX Technology
RLX
$2.1B
| $21.4M | 2.56% |
4,736,416
-574,727
| -11% | -$3.12M |
2021 Q1
2 quarters
|
|
16
Kanzhun
BZ
$7.05B
| $12.3M | 1.46% |
340,656
+287,656
| +543% | +$10.2M |
2021 Q2
1 quarter
|
|
|
17
Block Inc
XYZ
$46.2B
| $9.51M | 1.14% |
39,638
-120,550
| -75% | -$31M |
2021 Q1
2 quarters
|
|
18
Gaotu Techedu
GOTU
$668M
| $9.21M | 1.1% |
3,000,864
| – | – |
2021 Q1
2 quarters
|
|
19
TAL Education Group
TAL
$7.06B
| $9.09M | 1.09% |
1,877,595
+200,000
| +12% | +$1.77M |
2021 Q1
2 quarters
|
|
20
Futu Holdings
FUTU
$15.7B
| $5.8M | 0.69% |
63,734
-86,030
| -57% | -$9.49M |
2021 Q1
2 quarters
|
|
21
Zepp Health
ZEPP
$52.9M
| $2.16M | 0.26% |
67,294
-104,427
| -61% | -$4.31M |
2021 Q1
2 quarters
|
|
22
Canaan Creative
CAN
$208M
| – | – |
-559,294
| Closed | -$4.56M | – |
|
|
23
Tesla
TSLA
$1.49T
| – | – |
-98,061
| Closed | -$22.2M | – |
|
24
Waterdrop
WDH
$366M
| – | – |
-108,443
| Closed | -$703K | – |
|
|
25
Yalla Group
YALA
$852M
| – | – |
-1,211,301
| Closed | -$24.2M | – |
|
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Franchise Capital's Q3 2021 Portfolio in Review
As of Q3 2021, Franchise Capital held 27 positions worth $837M, down 28% from $1.16B the previous quarter. Its ten largest holdings account for 80% of the portfolio.
Franchise Capital withdrew a net $31.2M in Q3 2021, closing 6 positions and reducing 9 holdings. Its most notable exit was Yalla Group, an estimated $24.2M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 40% of assets, up from 37% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Franchise Capital opened a new position in Zhihu worth $32.7M.
- Franchise Capital's largest Q3 2021 buy was Zhihu: 590,872 shares worth $32.7M.
- Franchise Capital added most to DoorDash in Q3 2021, an estimated $22M increase.
- Franchise Capital's biggest Q3 2021 reduction was Sea Limited, cutting an estimated $95.3M.
- Franchise Capital fully exited Yalla Group in Q3 2021, selling an estimated $24.2M.
- Franchise Capital's ten largest holdings make up 80% of its $837M portfolio in Q3 2021.
- Franchise Capital opened 6 new positions and closed 6 in Q3 2021.
- Franchise Capital's portfolio value fell 28% quarter-over-quarter to $837M.
Based on Franchise Capital's 13F filing for Q3 2021, filed 16 Nov 2021.