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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
-9.84%
1 Year Est. Return
+53.95%
3 Year Est. Return
+114.84%
5 Year Est. Return
+42.53%
10 Year Est. Return
+777%
AUM
$246M
AUM Growth
-$177M
(-42%)
Cap. Flow
-$131M
Cap. Flow
% of AUM
-53.3%
Top 10 Holdings %
Top 10 Hldgs %
80.34%
Holding
40
New
6
Increased
6
Reduced
15
Closed
13
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
GrafTech
EAF
|
+$11M |
| 2 |
ACM Research
ACMR
|
+$7.75M |
| 3 |
Yum China
YUMC
|
+$3.89M |
| 4 |
TSMC
TSM
|
+$3.89M |
| 5 |
Cemex
CX
|
+$3.85M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ONC
BeOne Medicines Ltd
ONC
|
+$28.8M |
| 2 |
HDFC Bank
HDB
|
+$20.8M |
| 3 |
Baidu
BIDU
|
+$11.3M |
| 4 |
argenx
ARGX
|
+$10.3M |
| 5 |
RLX Technology
RLX
|
+$9.37M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 36.48% |
| 2 | Technology | 24.97% |
| 3 | Consumer Discretionary | 11.12% |
| 4 | Real Estate | 7.05% |
| 5 | Healthcare | 6.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
JOBS
1
DELISTED
51job Inc
JOBS
| $55.1M | 22.42% |
940,816
-81,945
| -8% | -$4.2M |
|
|
2
ACM Research
ACMR
$6.05B
| $40.4M | 16.44% |
1,952,174
+308,108
| +19% | +$7.75M |
|
|
3
GrafTech
EAF
$190M
| $33.1M | 13.46% |
343,691
+105,620
| +44% | +$11M |
|
4
GDS Holdings
GDS
$6.46B
| $17.5M | 7.12% |
445,709
-7,129
| -2% | -$291K |
|
5
KE Holdings
BEKE
$17.8B
| $17.3M | 7.05% |
1,400,795
-298,401
| -18% | -$5.31M |
|
6
Zai Lab
ZLAB
$2.26B
| $12.8M | 5.21% |
291,026
-126,989
| -30% | -$6.14M |
|
7
Alibaba
BABA
$271B
| $7.93M | 3.23% |
72,882
+19,208
| +36% | +$2.21M |
|
8
Sea Limited
SE
$61.3B
| $4.8M | 1.95% |
40,085
-20,717
| -34% | -$2.92M |
|
|
NBP
9
NovaBridge Biosciences American Depositary Shares
NBP
$202M
| $4.27M | 1.74% |
262,685
+101,393
| +63% | +$2.6M |
|
10
Banco Bradesco
BBD
$38.6B
| $4.23M | 1.72% |
1,003,706
-828,804
| -45% | -$3.04M |
|
11
Petrobras
PBR
$123B
| $4.22M | 1.72% |
285,325
-400,185
| -58% | -$5.36M |
|
|
12
Cemex
CX
$17.7B
| $3.6M | 1.46% |
+679,912
| New | +$3.85M |
|
13
Mercado Libre
MELI
$90.7B
| $3.49M | 1.42% |
2,935
-2,424
| -45% | -$2.64M |
|
|
14
TSMC
TSM
$2.15T
| $3.47M | 1.41% |
+33,246
| New | +$3.89M |
|
|
15
Yum China
YUMC
$14.8B
| $3.43M | 1.4% |
+82,605
| New | +$3.89M |
|
|
16
HDFC Bank
HDB
$118B
| $3.2M | 1.3% |
104,386
-640,200
| -86% | -$20.8M |
|
17
JD.com
JD
$40.5B
| $3.06M | 1.24% |
52,804
+16,523
| +46% | +$1.12M |
|
18
Ambev
ABEV
$47.6B
| $3.01M | 1.23% |
+932,773
| New | +$2.61M |
|
|
NTCO
19
DELISTED
Natura &Co Holding S.A. American Depositary Shares (each representing two Common Shares)
NTCO
| $2.94M | 1.2% |
+269,604
| New | +$2.39M |
|
|
ASAI
20
DELISTED
Sendas Distribuidora S.A. American Depositary Share (each representing five common shares)
ASAI
| $2.84M | 1.15% |
165,065
-281,305
| -63% | -$3.55M |
|
21
Ternium
TX
$9.24B
| $2.78M | 1.13% |
60,899
-97,827
| -62% | -$4.16M |
|
22
Arcos Dorados Holdings
ARCO
$1.74B
| $2.4M | 0.98% |
295,803
+25,515
| +9% | +$176K |
|
|
BEDU
23
DELISTED
Bright Scholar Education Holdings
BEDU
| $2.24M | 0.91% |
933,115
-288,945
| -24% | -$1.09M |
|
24
Coupang
CPNG
$27.6B
| $2.2M | 0.9% |
+124,474
| New | +$2.66M |
|
25
Gerdau
GGB
$9.33B
| $2.11M | 0.86% |
412,917
-1,535,222
| -79% | -$6.59M |
|
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Indus Capital Partners's Q1 2022 Portfolio in Review
As of Q1 2022, Indus Capital Partners held 40 positions worth $246M, down 42% from $423M the previous quarter. Its ten largest holdings account for 80% of the portfolio.
Indus Capital Partners withdrew a net $131M in Q1 2022, closing 13 positions and reducing 15 holdings. Its most notable exit was BeOne Medicines Ltd, an estimated $28.8M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 36% of assets, up from 19% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Indus Capital Partners opened a new position in Yum China worth $3.43M.
- Indus Capital Partners's largest Q1 2022 buy was Yum China: 82,605 shares worth $3.43M.
- Indus Capital Partners added most to GrafTech in Q1 2022, an estimated $11M increase.
- Indus Capital Partners's biggest Q1 2022 reduction was HDFC Bank, cutting an estimated $20.8M.
- Indus Capital Partners fully exited BeOne Medicines Ltd in Q1 2022, selling an estimated $28.8M.
- Indus Capital Partners's ten largest holdings make up 80% of its $246M portfolio in Q1 2022.
- Indus Capital Partners opened 6 new positions and closed 13 in Q1 2022.
- Indus Capital Partners's portfolio value fell 42% quarter-over-quarter to $246M.
Based on Indus Capital Partners's 13F filing for Q1 2022, filed 16 May 2022.