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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
-15.05%
1 Year Est. Return
+53.95%
3 Year Est. Return
+114.84%
5 Year Est. Return
+42.53%
10 Year Est. Return
+777%
AUM
$423M
AUM Growth
-$157M
(-27%)
Cap. Flow
-$76.7M
Cap. Flow
% of AUM
-18.15%
Top 10 Holdings %
Top 10 Hldgs %
67.52%
Holding
41
New
7
Increased
7
Reduced
19
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ONC
BeOne Medicines Ltd
ONC
|
+$30.4M |
| 2 |
Zai Lab
ZLAB
|
+$17.8M |
| 3 |
JOBS
51job Inc
JOBS
|
+$13.6M |
| 4 |
HDFC Bank
HDB
|
+$11.2M |
| 5 |
Mercado Libre
MELI
|
+$7.53M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sea Limited
SE
|
+$27.9M |
| 2 |
VNET
VNET Group
VNET
|
+$23.6M |
| 3 |
KE Holdings
BEKE
|
+$23M |
| 4 |
Yum China
YUMC
|
+$22M |
| 5 |
GDS Holdings
GDS
|
+$20.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 19.3% |
| 2 | Healthcare | 18.63% |
| 3 | Technology | 17.01% |
| 4 | Financials | 10.77% |
| 5 | Real Estate | 8.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Fomento Económico Mexicano
FMX
$43.1B
| $5.17M | 1.22% |
66,546
-18,063
| -21% | -$1.41M |
|
27
ICICI Bank
IBN
$108B
| $4.56M | 1.08% |
230,617
-246,004
| -52% | -$4.86M |
|
28
Lufax Holding
LU
$1.36B
| $3.83M | 0.91% |
170,084
-455
| -0.3% | -$11.9K |
|
|
KC
29
Kingsoft Cloud Holdings
KC
$3.28B
| $3.8M | 0.9% |
+241,226
| New | +$5.18M |
|
|
DIDI
30
DELISTED
DiDi Global Inc. American depositary shares, each four representing one Class A ordinary share
DIDI
| $3.33M | 0.79% |
668,703
-88,715
| -12% | -$674K |
|
31
Televisa
TV
$1.51B
| $3.3M | 0.78% |
352,462
-147,750
| -30% | -$1.52M |
|
32
JD.com
JD
$44.5B
| $2.54M | 0.6% |
36,281
-117,029
| -76% | -$9.26M |
|
33
Arcos Dorados Holdings
ARCO
$1.73B
| $1.58M | 0.37% |
270,288
-18,465
| -6% | -$93.7K |
|
34
Itaú Unibanco
ITUB
$93.5B
| $1.41M | 0.33% |
+424,824
| New | +$1.53M |
|
|
DESP
35
DELISTED
Despegar.com
DESP
| – | – |
-65,016
| Closed | -$782K |
|
36
Futu Holdings
FUTU
$14.8B
| – | – |
-29,226
| Closed | -$2.66M |
|
37
Lumentum
LITE
$56.4B
| – | – |
-160,501
| Closed | -$13.4M |
|
38
Trip.com Group
TCOM
$29.5B
| – | – |
-211,169
| Closed | -$6.49M |
|
|
VNET
39
VNET Group
VNET
$2.03B
| – | – |
-1,366,247
| Closed | -$23.6M |
|
|
40
Yum China
YUMC
$16.5B
| – | – |
-378,498
| Closed | -$22M |
|
|
GTH
41
DELISTED
Genetron Holdings Limited ADS
GTH
| – | – |
-16,200
| Closed | -$673K |
|
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Indus Capital Partners's Q4 2021 Portfolio in Review
As of Q4 2021, Indus Capital Partners held 41 positions worth $423M, down 27% from $580M the previous quarter. Its ten largest holdings account for 68% of the portfolio.
Indus Capital Partners withdrew a net $76.7M in Q4 2021, closing 7 positions and reducing 19 holdings. Its most notable exit was VNET Group, an estimated $23.6M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 19% of assets, up from 15% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Indus Capital Partners opened a new position in Mercado Libre worth $7.23M.
- Indus Capital Partners's largest Q4 2021 buy was Mercado Libre: 5,359 shares worth $7.23M.
- Indus Capital Partners added most to BeOne Medicines Ltd in Q4 2021, an estimated $30.4M increase.
- Indus Capital Partners's biggest Q4 2021 reduction was Sea Limited, cutting an estimated $27.9M.
- Indus Capital Partners fully exited VNET Group in Q4 2021, selling an estimated $23.6M.
- Indus Capital Partners's ten largest holdings make up 68% of its $423M portfolio in Q4 2021.
- Indus Capital Partners opened 7 new positions and closed 7 in Q4 2021.
- Indus Capital Partners's portfolio value fell 27% quarter-over-quarter to $423M.
Based on Indus Capital Partners's 13F filing for Q4 2021, filed 14 Feb 2022.