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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 | |
|---|---|---|---|---|---|---|
|
JOBS
1
DELISTED
51job Inc
JOBS
| $50M | 11.84% |
1,022,761
+237,888
| +30% | +$13.6M |
|
2
ACM Research
ACMR
$5.83B
| $46.7M | 11.06% |
1,644,066
+59,889
| +4% | +$1.89M |
|
|
3
KE Holdings
BEKE
$19B
| $34.2M | 8.09% |
1,699,196
-1,123,466
| -40% | -$23M |
|
|
ONC
4
BeOne Medicines Ltd
ONC
$32.5B
| $28.8M | 6.81% |
106,153
+90,143
| +563% | +$30.4M |
|
5
GrafTech
EAF
$163M
| $28.2M | 6.67% |
238,071
-19,166
| -7% | -$2.22M |
|
|
6
Zai Lab
ZLAB
$2.29B
| $26.3M | 6.22% |
418,015
+209,964
| +101% | +$17.8M |
|
|
7
HDFC Bank
HDB
$122B
| $24.2M | 5.73% |
744,586
+319,844
| +75% | +$11.2M |
|
|
8
GDS Holdings
GDS
$6.54B
| $21.4M | 5.05% |
452,838
-367,344
| -45% | -$20.2M |
|
|
9
Sea Limited
SE
$65.7B
| $13.6M | 3.22% |
60,802
-93,611
| -61% | -$27.9M |
|
10
PUT
Invesco QQQ Trust
QQQ
$466B
| $11.9M | 2.82% |
+30,000
| New | +$11.6M |
|
11
Baidu
BIDU
$37.9B
| $11.3M | 2.67% |
75,682
+12,899
| +21% | +$2.01M |
|
12
argenx
ARGX
$53.9B
| $10.3M | 2.44% |
29,383
| – | – |
|
13
RLX Technology
RLX
$2.51B
| $9.37M | 2.22% |
2,403,088
-1,090,028
| -31% | -$5.03M |
|
|
NBP
14
NovaBridge Biosciences American Depositary Shares
NBP
$206M
| $7.64M | 1.81% |
161,292
-84,964
| -35% | -$5.1M |
|
15
Gerdau
GGB
$9.11B
| $7.61M | 1.8% |
+1,948,139
| New | +$7.4M |
|
16
Petrobras
PBR
$118B
| $7.53M | 1.78% |
685,510
-271,906
| -28% | -$2.87M |
|
|
17
Mercado Libre
MELI
$93.7B
| $7.23M | 1.71% |
+5,359
| New | +$7.53M |
|
18
Ternium
TX
$8.67B
| $6.91M | 1.63% |
158,726
+55,457
| +54% | +$2.33M |
|
19
Alibaba
BABA
$292B
| $6.38M | 1.51% |
53,674
-138,443
| -72% | -$20.2M |
|
20
XP
XP
$8.82B
| $5.77M | 1.37% |
+200,867
| New | +$6.54M |
|
21
Legend Biotech
LEGN
$4.54B
| $5.74M | 1.36% |
+123,054
| New | +$6.24M |
|
22
Banco Bradesco
BBD
$37.9B
| $5.7M | 1.35% |
1,832,510
-1,142,217
| -38% | -$3.78M |
|
|
BEDU
23
DELISTED
Bright Scholar Education Holdings
BEDU
| $5.67M | 1.34% |
1,222,060
-22,727
| -2% | -$207K |
|
24
America Movil
AMX
$78.7B
| $5.36M | 1.27% |
253,669
-208,098
| -45% | -$3.83M |
|
|
ASAI
25
DELISTED
Sendas Distribuidora S.A. American Depositary Share (each representing five common shares)
ASAI
| $5.29M | 1.25% |
446,370
-3,037
| -0.7% | -$41.5K |
|
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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.