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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
+6.06%
1 Year Est. Return
+53.95%
3 Year Est. Return
+114.84%
5 Year Est. Return
+42.53%
10 Year Est. Return
+777%
AUM
$579M
AUM Growth
-$65.9M
(-10%)
Cap. Flow
-$58.2M
Cap. Flow
% of AUM
-10.04%
Top 10 Holdings %
Top 10 Hldgs %
59.79%
Holding
52
New
10
Increased
12
Reduced
20
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
RLX Technology
RLX
|
+$25.6M |
| 2 |
NBP
NovaBridge Biosciences American Depositary Shares
NBP
|
+$19.7M |
| 3 |
CBD
Companhia Brasileira de Distribuicao
CBD
|
+$9.34M |
| 4 |
Lumentum
LITE
|
+$6.84M |
| 5 |
Coupang
CPNG
|
+$5.87M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KE Holdings
BEKE
|
+$32.1M |
| 2 |
ONC
BeOne Medicines Ltd
ONC
|
+$14.3M |
| 3 |
ICICI Bank
IBN
|
+$14.2M |
| 4 |
Zai Lab
ZLAB
|
+$11.2M |
| 5 |
Vipshop
VIPS
|
+$10.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 24% |
| 2 | Healthcare | 20.5% |
| 3 | Technology | 19.27% |
| 4 | Consumer Staples | 9.73% |
| 5 | Financials | 8.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CBD
26
DELISTED
Companhia Brasileira de Distribuicao
CBD
| $6.42M | 1.11% |
1,103,386
+770,417
| +231% | +$9.34M |
|
|
27
Coupang
CPNG
$29.3B
| $6.27M | 1.08% |
+127,020
| New | +$5.87M |
|
|
BZUN
28
Baozun
BZUN
$167M
| $5.7M | 0.98% |
149,462
-69,619
| -32% | -$2.97M |
|
|
ASAI
29
DELISTED
Sendas Distribuidora S.A. American Depositary Share (each representing five common shares)
ASAI
| $5.35M | 0.92% |
+411,628
| New | +$5.24M |
|
30
Telefônica Brasil
VIV
$20.6B
| $5.11M | 0.88% |
649,667
-280,371
| -30% | -$2.34M |
|
31
Ambev
ABEV
$48.1B
| $5M | 0.86% |
1,823,992
-1,166,884
| -39% | -$3.3M |
|
32
Bilibili
BILI
$7.99B
| $4.91M | 0.85% |
+45,847
| New | +$5.6M |
|
|
YALA
33
Yalla Group
YALA
$818M
| $4.85M | 0.84% |
+193,800
| New | +$4.68M |
|
34
Li Auto
LI
$13.4B
| $4.77M | 0.82% |
190,950
+25,700
| +16% | +$743K |
|
|
CAN
35
Canaan Creative
CAN
$127M
| $4.77M | 0.82% |
+230,736
| New | +$3.44M |
|
|
BNR
36
Burning Rock Biotech
BNR
$93.9M
| $3.81M | 0.66% |
14,135
-323
| -2% | -$98.3K |
|
|
YSG
37
Yatsen Holding
YSG
$322M
| $2.55M | 0.44% |
41,318
-2,442
| -6% | -$222K |
|
38
Gaotu Techedu
GOTU
$434M
| $2.24M | 0.39% |
+66,000
| New | +$5.37M |
|
|
SECO
39
DELISTED
Secoo Holding Limited ADR
SECO
| $1.79M | 0.31% |
70,737
-213,120
| -75% | -$5.9M |
|
40
Arcos Dorados Holdings
ARCO
$1.72B
| $1.45M | 0.25% |
288,758
| – | – |
|
|
GRCL
41
DELISTED
Gracell Biotechnologies Inc. American Depositary Shares
GRCL
| $1.33M | 0.23% |
+86,315
| New | +$2.04M |
|
|
EH
42
EHang Holdings
EH
$389M
| $986K | 0.17% |
+26,633
| New | +$1.47M |
|
43
HUTCHMED
HCM
$1.93B
| $581K | 0.1% |
+20,553
| New | +$655K |
|
|
COE
44
51Talk Online Education Group
COE
$106M
| – | – |
-37,098
| Closed | -$4.02M |
|
45
Cognizant
CTSH
$24.9B
| – | – |
-33,320
| Closed | -$2.73M |
|
46
Fomento Económico Mexicano
FMX
$43.6B
| – | – |
-56,163
| Closed | -$4.25M |
|
47
Gerdau
GGB
$9.74B
| – | – |
-1,843,430
| Closed | -$6.83M |
|
48
PUT
Invesco QQQ Trust
QQQ
$453B
| – | – |
-7,000
| Closed | -$2.2M |
|
49
Vale
VALE
$64.1B
| – | – |
-44,218
| Closed | -$741K |
|
|
50
Vipshop
VIPS
$7.37B
| – | – |
-384,774
| Closed | -$10.8M |
|
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Indus Capital Partners's Q1 2021 Portfolio in Review
As of Q1 2021, Indus Capital Partners held 52 positions worth $579M, down 10% from $645M the previous quarter. Its ten largest holdings account for 60% of the portfolio.
Indus Capital Partners withdrew a net $58.2M in Q1 2021, closing 9 positions and reducing 20 holdings. Its most notable exit was Vipshop, an estimated $10.8M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 24% of assets, down from 25% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Indus Capital Partners opened a new position in RLX Technology worth $13.8M.
- Indus Capital Partners's largest Q1 2021 buy was RLX Technology: 1,330,969 shares worth $13.8M.
- Indus Capital Partners added most to NovaBridge Biosciences American Depositary Shares in Q1 2021, an estimated $19.7M increase.
- Indus Capital Partners's biggest Q1 2021 reduction was KE Holdings, cutting an estimated $32.1M.
- Indus Capital Partners fully exited Vipshop in Q1 2021, selling an estimated $10.8M.
- Indus Capital Partners's ten largest holdings make up 60% of its $579M portfolio in Q1 2021.
- Indus Capital Partners opened 10 new positions and closed 9 in Q1 2021.
- Indus Capital Partners's portfolio value fell 10% quarter-over-quarter to $579M.
Based on Indus Capital Partners's 13F filing for Q1 2021, filed 14 May 2021.