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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
-12.9%
1 Year Est. Return
+53.95%
3 Year Est. Return
+114.84%
5 Year Est. Return
+42.53%
10 Year Est. Return
+777%
AUM
$138M
AUM Growth
-$33.5M
(-20%)
Cap. Flow
-$8.97M
Cap. Flow
% of AUM
-6.51%
Top 10 Holdings %
Top 10 Hldgs %
85.97%
Holding
29
New
6
Increased
7
Reduced
6
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$12.7M |
| 2 |
TSMC
TSM
|
+$6.85M |
| 3 |
Pinduoduo
PDD
|
+$4.97M |
| 4 |
Zai Lab
ZLAB
|
+$3.92M |
| 5 |
ACM Research
ACMR
|
+$3.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Plug Power
PLUG
|
+$21M |
| 2 |
GrafTech
EAF
|
+$5.98M |
| 3 |
JD.com
JD
|
+$4.96M |
| 4 |
Full Truck Alliance
YMM
|
+$4.51M |
| 5 |
MINISO
MNSO
|
+$3.11M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 32.66% |
| 2 | Consumer Discretionary | 20.72% |
| 3 | Real Estate | 17.13% |
| 4 | Healthcare | 10.67% |
| 5 | Industrials | 4.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
ACM Research
ACMR
$5.8B
| $24.2M | 17.55% |
1,940,586
+221,453
| +13% | +$3.6M |
|
2
KE Holdings
BEKE
$19.3B
| $23.6M | 17.13% |
1,347,446
+206,708
| +18% | +$3.35M |
|
|
3
Alibaba
BABA
$276B
| $20.8M | 15.09% |
259,903
+133,293
| +105% | +$12.7M |
|
|
4
Zai Lab
ZLAB
$2.28B
| $14.7M | 10.68% |
430,127
+91,529
| +27% | +$3.92M |
|
|
TDCX
5
DELISTED
TDCX Inc. American Depositary Shares, each representing one Class A ordinary share
TDCX
| $11.8M | 8.54% |
1,256,327
+349,044
| +38% | +$3.04M |
|
|
6
GrafTech
EAF
$181M
| $6.62M | 4.81% |
153,697
-93,968
| -38% | -$5.98M |
|
|
7
TSMC
TSM
$2.07T
| $5.68M | 4.12% |
+82,862
| New | +$6.85M |
|
|
8
Pinduoduo
PDD
$120B
| $5.35M | 3.88% |
+85,448
| New | +$4.97M |
|
|
9
Full Truck Alliance
YMM
$9.48B
| $3.06M | 2.22% |
466,582
-584,541
| -56% | -$4.51M |
|
10
Baidu
BIDU
$36.5B
| $2.69M | 1.96% |
22,942
-46
| -0.2% | -$6.28K |
|
11
XP
XP
$8.61B
| $2.42M | 1.76% |
+127,309
| New | +$2.53M |
|
12
Mercado Libre
MELI
$92B
| $2.41M | 1.75% |
2,910
-1,377
| -32% | -$1.18M |
|
13
Ambev
ABEV
$46.8B
| $2.38M | 1.73% |
840,369
-142,904
| -15% | -$405K |
|
|
BEDU
14
DELISTED
Bright Scholar Education Holdings
BEDU
| $2.23M | 1.62% |
755,871
-1
| -0% | -$3 |
|
15
Televisa
TV
$1.43B
| $2.23M | 1.62% |
413,804
+55,100
| +15% | +$386K |
|
16
Gerdau
GGB
$9.27B
| $2.14M | 1.55% |
+596,760
| New | +$2.17M |
|
17
Cemex
CX
$18.7B
| $2.03M | 1.47% |
591,635
| – | – |
|
18
Fomento Económico Mexicano
FMX
$44B
| $1.64M | 1.19% |
26,051
+3,597
| +16% | +$227K |
|
19
Petrobras
PBR
$116B
| $1.55M | 1.13% |
+125,730
| New | +$1.66M |
|
|
API
20
Agora
API
$331M
| $317K | 0.23% |
+87,267
| New | +$413K |
|
21
PUT
iShares MSCI India ETF
INDA
$6.83B
| – | – |
-121,500
| Closed | -$4.78M |
|
|
22
JD.com
JD
$40B
| – | – |
-77,319
| Closed | -$4.96M |
|
|
23
MINISO
MNSO
$3.81B
| – | – |
-396,550
| Closed | -$3.11M |
|
|
24
Plug Power
PLUG
$3.03B
| – | – |
-1,266,679
| Closed | -$21M |
|
25
Sea Limited
SE
$63.7B
| – | – |
-30,836
| Closed | -$2.06M |
|
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Indus Capital Partners's Q3 2022 Portfolio in Review
As of Q3 2022, Indus Capital Partners held 29 positions worth $138M, down 20% from $171M the previous quarter. Its ten largest holdings account for 86% of the portfolio.
Indus Capital Partners withdrew a net $8.97M in Q3 2022, closing 9 positions and reducing 6 holdings. Its most notable exit was Plug Power, an estimated $21M position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, up from 28% a quarter earlier, followed by Consumer Discretionary and Real Estate.
Against the trend, Indus Capital Partners opened a new position in TSMC worth $5.68M.
- Indus Capital Partners's largest Q3 2022 buy was TSMC: 82,862 shares worth $5.68M.
- Indus Capital Partners added most to Alibaba in Q3 2022, an estimated $12.7M increase.
- Indus Capital Partners's biggest Q3 2022 reduction was GrafTech, cutting an estimated $5.98M.
- Indus Capital Partners fully exited Plug Power in Q3 2022, selling an estimated $21M.
- Indus Capital Partners's ten largest holdings make up 86% of its $138M portfolio in Q3 2022.
- Indus Capital Partners opened 6 new positions and closed 9 in Q3 2022.
- Indus Capital Partners's portfolio value fell 20% quarter-over-quarter to $138M.
Based on Indus Capital Partners's 13F filing for Q3 2022, filed 14 Nov 2022.