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HCEP Management Portfolio holdings
AUM
$80.7M
1-Year Est. Return
1.24%
This Fund
S&P 500
This Quarter
Est. Return
+4.33%
1 Year Est. Return
-1.24%
3 Year Est. Return
+103.92%
5 Year Est. Return
+33.18%
10 Year Est. Return
–
AUM
$373M
AUM Growth
-$159M
(-30%)
Cap. Flow
-$172M
Cap. Flow
% of AUM
-46.04%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
18
New
2
Increased
3
Reduced
3
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$37.8M |
| 2 |
JD.com
JD
|
+$34.1M |
| 3 |
Kanzhun
BZ
|
+$9.34M |
| 4 |
iQIYI
IQ
|
+$2.62M |
| 5 |
Gaotu Techedu
GOTU
|
+$748K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TSMC
TSM
|
+$53.1M |
| 2 |
KE Holdings
BEKE
|
+$45.3M |
| 3 |
Full Truck Alliance
YMM
|
+$41.3M |
| 4 |
Pinduoduo
PDD
|
+$34.9M |
| 5 |
Futu Holdings
FUTU
|
+$27.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 34.71% |
| 2 | Real Estate | 22.32% |
| 3 | Communication Services | 17.86% |
| 4 | Consumer Staples | 17.07% |
| 5 | Consumer Discretionary | 8.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
TSMC
TSM
$2.07T
| $86.9M | 23.31% |
500,000
-350,000
| -41% | -$53.1M |
|
|
2
KE Holdings
BEKE
$19.3B
| $83.2M | 22.32% |
5,880,718
-2,889,750
| -33% | -$45.3M |
|
|
3
iQIYI
IQ
$1.15B
| $57.2M | 15.34% |
15,581,595
+581,595
| +4% | +$2.62M |
|
4
TAL Education Group
TAL
$5.68B
| $53.4M | 14.31% |
5,000,000
| – | – |
|
|
5
Micron Technology
MU
$959B
| $39.5M | 10.58% |
+300,000
| New | +$37.8M |
|
|
6
JD.com
JD
$40B
| $30M | 8.05% |
+1,162,000
| New | +$34.1M |
|
|
7
Gaotu Techedu
GOTU
$408M
| $10.3M | 2.76% |
2,100,000
+119,049
| +6% | +$748K |
|
|
8
Kanzhun
BZ
$6.66B
| $9.4M | 2.52% |
500,000
+463,986
| +1,288% | +$9.34M |
|
9
Wolfspeed
WOLF
$1.55B
| $3.06M | 0.82% |
134,343
-65,657
| -33% | -$1.7M |
|
10
New Oriental
EDU
$7.82B
| – | – |
-100,000
| Closed | -$8.68M |
|
|
11
Futu Holdings
FUTU
$13.3B
| – | – |
-500,000
| Closed | -$27.1M |
|
12
GigaCloud Technology
GCT
$1.42B
| – | – |
-299,016
| Closed | -$7.99M |
|
13
Li Auto
LI
$12.3B
| – | – |
-250,000
| Closed | -$7.57M |
|
14
Petrobras
PBR
$116B
| – | – |
-800,000
| Closed | -$12.2M |
|
|
15
Pinduoduo
PDD
$120B
| – | – |
-300,000
| Closed | -$34.9M |
|
16
Trip.com Group
TCOM
$26.7B
| – | – |
-250,000
| Closed | -$11M |
|
17
Tencent Music
TME
$14.9B
| – | – |
-500,000
| Closed | -$5.59M |
|
|
18
Full Truck Alliance
YMM
$9.48B
| – | – |
-5,683,727
| Closed | -$41.3M |
|
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HCEP Management's Q2 2024 Portfolio in Review
As of Q2 2024, HCEP Management held 18 positions worth $373M, down 30% from $532M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
HCEP Management withdrew a net $172M in Q2 2024, closing 9 positions and reducing 3 holdings. Its most notable exit was Full Truck Alliance, an estimated $41.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 32% a quarter earlier, followed by Real Estate and Communication Services.
Against the trend, HCEP Management opened a new position in Micron Technology worth $39.5M.
- HCEP Management's largest Q2 2024 buy was Micron Technology: 300,000 shares worth $39.5M.
- HCEP Management added most to Kanzhun in Q2 2024, an estimated $9.34M increase.
- HCEP Management's biggest Q2 2024 reduction was TSMC, cutting an estimated $53.1M.
- HCEP Management fully exited Full Truck Alliance in Q2 2024, selling an estimated $41.3M.
- HCEP Management's ten largest holdings make up 100% of its $373M portfolio in Q2 2024.
- HCEP Management opened 2 new positions and closed 9 in Q2 2024.
- HCEP Management's portfolio value fell 30% quarter-over-quarter to $373M.
Based on HCEP Management's 13F filing for Q2 2024, filed 13 Aug 2024.