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Indus Capital Partners Portfolio holdings
AUM
$39.7M
1-Year Est. Return
53.95%
This Fund
S&P 500
This Quarter
Est. Return
+9.25%
1 Year Est. Return
+53.95%
3 Year Est. Return
+114.84%
5 Year Est. Return
+42.53%
10 Year Est. Return
+777%
AUM
$151M
AUM Growth
+$3.23M
(+2.2%)
Cap. Flow
-$12.3M
Cap. Flow
% of AUM
-8.18%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
8
New
2
Increased
1
Reduced
3
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Full Truck Alliance
YMM
|
+$39.6M |
| 2 |
HDFC Bank
HDB
|
+$37.9M |
| 3 |
KE Holdings
BEKE
|
+$5.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sea Limited
SE
|
+$40.2M |
| 2 |
TAL Education Group
TAL
|
+$37.4M |
| 3 |
TDCX
TDCX Inc. American Depositary Shares, each representing one Class A ordinary share
TDCX
|
+$9.34M |
| 4 |
Cognizant
CTSH
|
+$8.33M |
| 5 |
BEDU
Bright Scholar Education Holdings
BEDU
|
+$2.76K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 41.11% |
| 2 | Financials | 27.94% |
| 3 | Real Estate | 23.16% |
| 4 | Consumer Staples | 7.79% |
| 5 | Consumer Discretionary | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
HDFC Bank
HDB
$135B
| $42.1M | 27.94% |
+1,255,916
| New | +$37.9M |
|
|
2
Full Truck Alliance
YMM
$9.48B
| $39.4M | 26.11% |
+5,618,888
| New | +$39.6M |
|
|
3
KE Holdings
BEKE
$19.2B
| $34.9M | 23.16% |
2,155,469
+349,327
| +19% | +$5.4M |
|
|
4
Cognizant
CTSH
$21.2B
| $22.6M | 14.99% |
299,434
-120,629
| -29% | -$8.33M |
|
|
5
TAL Education Group
TAL
$5.68B
| $10.6M | 7.01% |
837,645
-3,608,235
| -81% | -$37.4M |
|
|
BEDU
6
DELISTED
Bright Scholar Education Holdings
BEDU
| $1.17M | 0.78% |
938,614
-2,379
| -0.3% | -$2.76K |
|
|
7
Sea Limited
SE
$63.7B
| – | – |
-914,668
| Closed | -$40.2M |
|
|
TDCX
8
DELISTED
TDCX Inc. American Depositary Shares, each representing one Class A ordinary share
TDCX
| – | – |
-1,580,875
| Closed | -$9.34M |
|
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Indus Capital Partners's Q4 2023 Portfolio in Review
As of Q4 2023, Indus Capital Partners held 8 positions worth $151M, up 2.2% from $148M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Indus Capital Partners withdrew a net $12.3M in Q4 2023, closing 2 positions and reducing 3 holdings. Its most notable exit was Sea Limited, an estimated $40.2M position sold in full.
By sector, the portfolio is most concentrated in Technology at 41% of assets, up from 26% a quarter earlier, followed by Financials and Real Estate.
Against the trend, Indus Capital Partners opened a new position in Full Truck Alliance worth $39.4M.
- Indus Capital Partners's largest Q4 2023 buy was Full Truck Alliance: 5,618,888 shares worth $39.4M.
- Indus Capital Partners added most to KE Holdings in Q4 2023, an estimated $5.4M increase.
- Indus Capital Partners's biggest Q4 2023 reduction was TAL Education Group, cutting an estimated $37.4M.
- Indus Capital Partners fully exited Sea Limited in Q4 2023, selling an estimated $40.2M.
- Indus Capital Partners's ten largest holdings make up 100% of its $151M portfolio in Q4 2023.
- Indus Capital Partners opened 2 new positions and closed 2 in Q4 2023.
- Indus Capital Partners's portfolio value rose 2.2% quarter-over-quarter to $151M.
Based on Indus Capital Partners's 13F filing for Q4 2023, filed 14 Feb 2024.