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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 | |
|---|---|---|---|---|---|---|
1
Alibaba
BABA
$288B
| $60.2M | 10.4% |
265,689
-14,348
| -5% | -$3.52M |
|
2
ACM Research
ACMR
$5.7B
| $57.4M | 9.92% |
2,133,030
-246,567
| -10% | -$8.15M |
|
|
3
Zai Lab
ZLAB
$2.32B
| $51.1M | 8.83% |
383,331
-72,659
| -16% | -$11.2M |
|
4
GrafTech
EAF
$165M
| $31.5M | 5.43% |
257,160
-21,911
| -8% | -$2.53M |
|
5
GDS Holdings
GDS
$6.46B
| $30.8M | 5.31% |
379,690
-72,051
| -16% | -$7.18M |
|
|
BEDU
6
DELISTED
Bright Scholar Education Holdings
BEDU
| $27.4M | 4.73% |
1,182,237
-29,928
| -2% | -$741K |
|
|
NBP
7
NovaBridge Biosciences American Depositary Shares
NBP
$207M
| $24M | 4.15% |
495,989
+363,453
| +274% | +$19.7M |
|
|
8
KE Holdings
BEKE
$18.8B
| $22.6M | 3.9% |
396,588
-510,341
| -56% | -$32.1M |
|
|
ONC
9
BeOne Medicines Ltd
ONC
$32.2B
| $21.2M | 3.66% |
60,840
-43,123
| -41% | -$14.3M |
|
10
Yum China
YUMC
$15.1B
| $20.1M | 3.47% |
339,307
-156,014
| -31% | -$9.32M |
|
11
HDFC Bank
HDB
$121B
| $14.8M | 2.56% |
381,762
+18,090
| +5% | +$709K |
|
|
12
ICICI Bank
IBN
$107B
| $14.7M | 2.53% |
914,152
-867,635
| -49% | -$14.2M |
|
|
13
Lumentum
LITE
$59.6B
| $13.8M | 2.38% |
151,241
+73,920
| +96% | +$6.84M |
|
|
14
RLX Technology
RLX
$2.52B
| $13.8M | 2.38% |
+1,330,969
| New | +$25.6M |
|
15
Sea Limited
SE
$64.7B
| $13.1M | 2.27% |
58,826
-7,641
| -11% | -$1.77M |
|
16
Petrobras
PBR
$117B
| $12.8M | 2.21% |
1,509,688
+558,049
| +59% | +$5.33M |
|
17
Baidu
BIDU
$37.4B
| $12M | 2.06% |
54,983
+7,336
| +15% | +$1.92M |
|
18
Futu Holdings
FUTU
$13.8B
| $10.1M | 1.74% |
63,453
-22,547
| -26% | -$2.79M |
|
19
Trip.com Group
TCOM
$27.8B
| $9.83M | 1.7% |
248,066
+3,404
| +1% | +$126K |
|
20
argenx
ARGX
$52.9B
| $9.68M | 1.67% |
35,132
+7,390
| +27% | +$2.34M |
|
21
Banco Bradesco
BBD
$37.9B
| $9.51M | 1.64% |
2,449,294
-1,013,057
| -29% | -$3.89M |
|
22
JD.com
JD
$41.3B
| $9.06M | 1.56% |
107,459
+21,871
| +26% | +$2.01M |
|
23
Televisa
TV
$1.45B
| $8.23M | 1.42% |
929,134
-278,028
| -23% | -$2.36M |
|
|
GTH
24
DELISTED
Genetron Holdings Limited ADS
GTH
| $7.01M | 1.21% |
108,858
+49,466
| +83% | +$3.4M |
|
|
DADA
25
DELISTED
Dada Nexus
DADA
| $6.68M | 1.15% |
246,139
+25,211
| +11% | +$959K |
|
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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.