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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
-16.43%
1 Year Est. Return
+53.95%
3 Year Est. Return
+114.84%
5 Year Est. Return
+42.53%
10 Year Est. Return
+777%
AUM
$580M
AUM Growth
-$9.92M
(-1.7%)
Cap. Flow
+$104M
Cap. Flow
% of AUM
17.88%
Top 10 Holdings %
Top 10 Hldgs %
65.95%
Holding
45
New
4
Increased
12
Reduced
13
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
KE Holdings
BEKE
|
+$61.4M |
| 2 |
JOBS
51job Inc
JOBS
|
+$39.8M |
| 3 |
GDS Holdings
GDS
|
+$35.4M |
| 4 |
VNET
VNET Group
VNET
|
+$25.4M |
| 5 |
Sea Limited
SE
|
+$21.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
YALA
Yalla Group
YALA
|
+$10.7M |
| 2 |
Coupang
CPNG
|
+$9.51M |
| 3 |
Alibaba
BABA
|
+$9.4M |
| 4 |
ONC
BeOne Medicines Ltd
ONC
|
+$9.01M |
| 5 |
CAN
Canaan Creative
CAN
|
+$8.07M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.41% |
| 2 | Consumer Discretionary | 20.6% |
| 3 | Industrials | 15.01% |
| 4 | Healthcare | 9.51% |
| 5 | Real Estate | 8.89% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
ACM Research
ACMR
$5.8B
| $58.1M | 10.02% |
1,584,177
-178,668
| -10% | -$5.46M |
|
|
JOBS
2
DELISTED
51job Inc
JOBS
| $54.6M | 9.41% |
784,873
+541,342
| +222% | +$39.8M |
|
|
3
KE Holdings
BEKE
$19.3B
| $51.5M | 8.89% |
2,822,662
+2,518,135
| +827% | +$61.4M |
|
|
4
Sea Limited
SE
$63.7B
| $49.2M | 8.49% |
154,413
+70,804
| +85% | +$21.7M |
|
|
5
GDS Holdings
GDS
$6.24B
| $46.4M | 8.01% |
820,182
+573,879
| +233% | +$35.4M |
|
|
6
Alibaba
BABA
$276B
| $28.4M | 4.91% |
192,117
-51,694
| -21% | -$9.4M |
|
7
GrafTech
EAF
$181M
| $26.5M | 4.58% |
257,237
-3,071
| -1% | -$336K |
|
|
VNET
8
VNET Group
VNET
$2.1B
| $23.6M | 4.08% |
+1,366,247
| New | +$25.4M |
|
9
Yum China
YUMC
$15.1B
| $22M | 3.79% |
378,498
+131,122
| +53% | +$8.06M |
|
10
Zai Lab
ZLAB
$2.28B
| $21.9M | 3.78% |
208,051
-54,002
| -21% | -$7.75M |
|
|
NBP
11
NovaBridge Biosciences American Depositary Shares
NBP
$206M
| $17.9M | 3.08% |
246,256
-62,939
| -20% | -$4.55M |
|
12
RLX Technology
RLX
$2.51B
| $15.8M | 2.72% |
3,493,116
+1,774,201
| +103% | +$9.64M |
|
13
HDFC Bank
HDB
$135B
| $15.5M | 2.68% |
424,742
| – | – |
|
|
BEDU
14
DELISTED
Bright Scholar Education Holdings
BEDU
| $14.3M | 2.46% |
1,244,787
+27,730
| +2% | +$377K |
|
15
Lumentum
LITE
$57B
| $13.4M | 2.31% |
160,501
| – | – |
|
16
JD.com
JD
$40B
| $11.1M | 1.91% |
153,310
+20,452
| +15% | +$1.51M |
|
17
Banco Bradesco
BBD
$37.4B
| $10.4M | 1.79% |
2,974,727
+37,562
| +1% | +$150K |
|
18
Petrobras
PBR
$116B
| $9.9M | 1.71% |
957,416
-61,761
| -6% | -$658K |
|
19
Baidu
BIDU
$36.5B
| $9.65M | 1.66% |
62,783
+7,800
| +14% | +$1.28M |
|
20
ICICI Bank
IBN
$107B
| $8.99M | 1.55% |
+476,621
| New | +$8.93M |
|
21
argenx
ARGX
$53.8B
| $8.87M | 1.53% |
29,383
| – | – |
|
22
America Movil
AMX
$78.9B
| $8.16M | 1.41% |
461,767
| – | – |
|
|
ASAI
23
DELISTED
Sendas Distribuidora S.A. American Depositary Share (each representing five common shares)
ASAI
| $7.83M | 1.35% |
449,407
+27,167
| +6% | +$462K |
|
24
Fomento Económico Mexicano
FMX
$44B
| $7.34M | 1.27% |
84,609
+19,604
| +30% | +$1.69M |
|
25
Trip.com Group
TCOM
$26.7B
| $6.49M | 1.12% |
211,169
-3,051
| -1% | -$87.8K |
|
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Indus Capital Partners's Q3 2021 Portfolio in Review
As of Q3 2021, Indus Capital Partners held 45 positions worth $580M, down 1.7% from $590M the previous quarter. Its ten largest holdings account for 66% of the portfolio.
Indus Capital Partners deployed $104M of net new capital in Q3 2021, opening 4 new positions and adding to 12 existing holdings. Its largest new stake was VNET Group: 1,366,247 shares worth $23.6M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Industrials.
On the sell side, the largest reduction was Alibaba, an estimated $9.4M trimmed.
- Indus Capital Partners's largest Q3 2021 buy was VNET Group: 1,366,247 shares worth $23.6M.
- Indus Capital Partners added most to KE Holdings in Q3 2021, an estimated $61.4M increase.
- Indus Capital Partners's biggest Q3 2021 reduction was Alibaba, cutting an estimated $9.4M.
- Indus Capital Partners fully exited Yalla Group in Q3 2021, selling an estimated $10.7M.
- Indus Capital Partners's ten largest holdings make up 66% of its $580M portfolio in Q3 2021.
- Indus Capital Partners opened 4 new positions and closed 11 in Q3 2021.
- Indus Capital Partners's portfolio value fell 1.7% quarter-over-quarter to $580M.
Based on Indus Capital Partners's 13F filing for Q3 2021, filed 15 Nov 2021.