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ICP
Indus Capital Partners Portfolio holdings
AUM
$39.7M
1-Year Est. Return
53.95%
This Fund
S&P 500
This Quarter
Est. Return
+17.75%
1 Year Est. Return
+53.95%
3 Year Est. Return
+114.84%
5 Year Est. Return
+42.53%
10 Year Est. Return
+777%
AUM
$881M
AUM Growth
-$142M
(-14%)
Cap. Flow
-$226M
Cap. Flow
% of AUM
-25.66%
Top 10 Holdings %
Top 10 Hldgs %
73.38%
Holding
61
New
9
Increased
11
Reduced
20
Closed
15
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$32M |
| 2 |
ONC
BeOne Medicines Ltd
ONC
|
+$24.9M |
| 3 |
BEDU
Bright Scholar Education Holdings
BEDU
|
+$15.3M |
| 4 |
Cemex
CX
|
+$10.5M |
| 5 |
NetEase
NTES
|
+$10.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tapestry
TPR
|
+$48.2M |
| 2 |
New Oriental
EDU
|
+$39.9M |
| 3 |
Herbalife
HLF
|
+$34.5M |
| 4 |
CBPO
China Biologic Products Holdings, Inc.
CBPO
|
+$26M |
| 5 |
HTT
High Templar Tech Ltd
HTT
|
+$18.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 29.72% |
| 2 | Communication Services | 14.65% |
| 3 | Healthcare | 10.83% |
| 4 | Consumer Staples | 8.92% |
| 5 | Technology | 7.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Infosys
INFY
$50B
| $8.19M | 0.93% |
917,314
-27,456
| -3% | -$243K |
|
27
Yum China
YUMC
$15.6B
| $7.1M | 0.81% |
171,123
-91,358
| -35% | -$3.93M |
|
28
Petrobras
PBR
$116B
| $6.97M | 0.79% |
492,948
-79,100
| -14% | -$1.04M |
|
29
Ambev
ABEV
$48.4B
| $6.42M | 0.73% |
882,664
-427,936
| -33% | -$2.94M |
|
30
Vipshop
VIPS
$7.13B
| $6.09M | 0.69% |
366,330
-360,057
| -50% | -$5.95M |
|
31
PUT
Trip.com Group
TCOM
$28.5B
| $4.66M | 0.53% |
+100,000
| New | +$4.69M |
|
32
PUT
TAL Education Group
TAL
$5.79B
| $2.6M | 0.29% |
70,000
-190,000
| -73% | -$6.52M |
|
|
33
Tapestry
TPR
$30.5B
| $2.49M | 0.28% |
47,257
-976,287
| -95% | -$48.2M |
|
|
GSUM
34
DELISTED
Gridsum Holding Inc.
GSUM
| $2.28M | 0.26% |
279,323
+163,526
| +141% | +$1.73M |
|
|
SNP
35
CALL
DELISTED
CHINA PETROLEUM & CHEMICAL CORPORATION ADS (REP 100 ORDINARY H SHARES)
SNP
| $2.21M | 0.25% |
+25,000
| New | +$2.06M |
|
36
Televisa
TV
$1.47B
| $1.97M | 0.22% |
123,147
-55,085
| -31% | -$1.01M |
|
|
SOGO
37
DELISTED
Sogou Inc. American Depositary Shares, each representing one Class A Ordinary Share
SOGO
| $1.74M | 0.2% |
210,304
+25,295
| +14% | +$257K |
|
38
TSMC
TSM
$2.03T
| $1.23M | 0.14% |
28,040
+700
| +3% | +$30.5K |
|
|
STG
39
Sunlands Technology
STG
$47.4M
| $931K | 0.11% |
+8,976
| New | +$1.14M |
|
40
HUTCHMED
HCM
$1.93B
| $733K | 0.08% |
24,800
| – | – |
|
|
COE
41
51Talk Online Education Group
COE
$100M
| $699K | 0.08% |
17,979
| – | – |
|
42
CALL
TIM SA
TIMB
$9.45B
| $576K | 0.07% |
+26,600
| New | +$561K |
|
43
Huazhu Hotels Group
HTHT
$13.2B
| $575K | 0.07% |
17,452
| – | – |
|
|
EMBJ
44
PUT
Embraer S.A. ADS
EMBJ
$12.3B
| $520K | 0.06% |
+20,000
| New | +$520K |
|
|
DESP
45
DELISTED
Despegar.com
DESP
| $417K | 0.05% |
13,359
-79,189
| -86% | -$2.36M |
|
|
SOS
46
SOS Limited
SOS
$17.8M
| $382K | 0.04% |
10
| – | – |
|
47
Adecoagro
AGRO
$1.45B
| – | – |
-103,517
| Closed | -$1.07M |
|
|
48
PUT
Alibaba
BABA
$276B
| – | – |
-81,000
| Closed | -$14M |
|
|
49
New Oriental
EDU
$8.08B
| – | – |
-424,364
| Closed | -$39.9M |
|
50
PUT
iShares MSCI Emerging Markets ETF
EEM
$28B
| – | – |
-150,000
| Closed | -$7.07M |
|
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Indus Capital Partners's Q1 2018 Portfolio in Review
As of Q1 2018, Indus Capital Partners held 61 positions worth $881M, down 14% from $1.02B the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Indus Capital Partners withdrew a net $226M in Q1 2018, closing 15 positions and reducing 20 holdings. Its most notable exit was New Oriental, an estimated $39.9M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 30% of assets, up from 27% a quarter earlier, followed by Communication Services and Healthcare.
Against the trend, Indus Capital Partners opened a new position in Cemex worth $9.24M.
- Indus Capital Partners's largest Q1 2018 buy was Cemex: 1,396,600 shares worth $9.24M.
- Indus Capital Partners added most to Alibaba in Q1 2018, an estimated $32M increase.
- Indus Capital Partners's biggest Q1 2018 reduction was Tapestry, cutting an estimated $48.2M.
- Indus Capital Partners fully exited New Oriental in Q1 2018, selling an estimated $39.9M.
- Indus Capital Partners's ten largest holdings make up 73% of its $881M portfolio in Q1 2018.
- Indus Capital Partners opened 9 new positions and closed 15 in Q1 2018.
- Indus Capital Partners's portfolio value fell 14% quarter-over-quarter to $881M.
Based on Indus Capital Partners's 13F filing for Q1 2018, filed 15 May 2018.