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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
+0.94%
1 Year Est. Return
+53.95%
3 Year Est. Return
+114.84%
5 Year Est. Return
+42.53%
10 Year Est. Return
+777%
AUM
$49.8M
AUM Growth
-$88M
(-64%)
Cap. Flow
-$85.6M
Cap. Flow
% of AUM
-171.85%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
20
New
–
Increased
3
Reduced
1
Closed
16
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
KE Holdings
BEKE
|
+$7.97M |
| 2 |
TDCX
TDCX Inc. American Depositary Shares, each representing one Class A ordinary share
TDCX
|
+$4.24M |
| 3 |
BEDU
Bright Scholar Education Holdings
BEDU
|
+$478K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ACM Research
ACMR
|
+$24.2M |
| 2 |
Alibaba
BABA
|
+$20.8M |
| 3 |
Zai Lab
ZLAB
|
+$12.8M |
| 4 |
GrafTech
EAF
|
+$6.62M |
| 5 |
TSMC
TSM
|
+$5.68M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 53.85% |
| 2 | Technology | 40.07% |
| 3 | Consumer Staples | 4.52% |
| 4 | Healthcare | 1.56% |
| 5 | Financials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
KE Holdings
BEKE
$18.8B
| $26.8M | 53.85% |
1,920,721
+573,275
| +43% | +$7.97M |
|
|
TDCX
2
DELISTED
TDCX Inc. American Depositary Shares, each representing one Class A ordinary share
TDCX
| $19.9M | 40.07% |
1,611,404
+355,077
| +28% | +$4.24M |
|
|
BEDU
3
DELISTED
Bright Scholar Education Holdings
BEDU
| $2.25M | 4.52% |
933,114
+177,243
| +23% | +$478K |
|
|
4
Zai Lab
ZLAB
$2.31B
| $775K | 1.56% |
25,256
-404,871
| -94% | -$12.8M |
|
5
Ambev
ABEV
$47.3B
| – | – |
-840,369
| Closed | -$2.38M |
|
|
6
ACM Research
ACMR
$5.88B
| – | – |
-1,940,586
| Closed | -$24.2M |
|
|
API
7
Agora
API
$342M
| – | – |
-87,267
| Closed | -$317K |
|
|
8
Alibaba
BABA
$285B
| – | – |
-259,903
| Closed | -$20.8M |
|
9
Baidu
BIDU
$37.9B
| – | – |
-22,942
| Closed | -$2.69M |
|
10
Cemex
CX
$18.7B
| – | – |
-591,635
| Closed | -$2.03M |
|
|
11
GrafTech
EAF
$175M
| – | – |
-153,697
| Closed | -$6.62M |
|
12
Fomento Económico Mexicano
FMX
$44.4B
| – | – |
-26,051
| Closed | -$1.64M |
|
13
Gerdau
GGB
$9.31B
| – | – |
-596,760
| Closed | -$2.14M |
|
14
Mercado Libre
MELI
$93.4B
| – | – |
-2,910
| Closed | -$2.41M |
|
15
Petrobras
PBR
$116B
| – | – |
-125,730
| Closed | -$1.55M |
|
16
Pinduoduo
PDD
$121B
| – | – |
-85,448
| Closed | -$5.35M |
|
|
17
TSMC
TSM
$2.1T
| – | – |
-82,862
| Closed | -$5.68M |
|
18
Televisa
TV
$1.45B
| – | – |
-413,804
| Closed | -$2.23M |
|
19
XP
XP
$8.74B
| – | – |
-127,309
| Closed | -$2.42M |
|
20
Full Truck Alliance
YMM
$9.56B
| – | – |
-466,582
| Closed | -$3.06M |
|
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Indus Capital Partners's Q4 2022 Portfolio in Review
As of Q4 2022, Indus Capital Partners held 20 positions worth $49.8M, down 64% from $138M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Indus Capital Partners withdrew a net $85.6M in Q4 2022, closing 16 positions and reducing 1 holding. Its most notable exit was ACM Research, an estimated $24.2M position sold in full.
By sector, the portfolio is most concentrated in Real Estate at 54% of assets, up from 17% a quarter earlier, followed by Technology and Consumer Staples.
Against the trend, Indus Capital Partners added an estimated $7.97M to KE Holdings.
- Indus Capital Partners added most to KE Holdings in Q4 2022, an estimated $7.97M increase.
- Indus Capital Partners's biggest Q4 2022 reduction was Zai Lab, cutting an estimated $12.8M.
- Indus Capital Partners fully exited ACM Research in Q4 2022, selling an estimated $24.2M.
- Indus Capital Partners's ten largest holdings make up 100% of its $49.8M portfolio in Q4 2022.
- Indus Capital Partners opened 0 new positions and closed 16 in Q4 2022.
- Indus Capital Partners's portfolio value fell 64% quarter-over-quarter to $49.8M.
Based on Indus Capital Partners's 13F filing for Q4 2022, filed 14 Feb 2023.