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Kadensa Capital Portfolio holdings
AUM
$718M
1-Year Est. Return
38.33%
This Fund
S&P 500
This Quarter
Est. Return
+45.37%
1 Year Est. Return
+38.33%
3 Year Est. Return
+125.17%
5 Year Est. Return
+76.16%
10 Year Est. Return
–
AUM
$196M
AUM Growth
-$13.1M
(-6.2%)
Cap. Flow
-$97.3M
Cap. Flow
% of AUM
-49.56%
Top 10 Holdings %
Top 10 Hldgs %
99.1%
Holding
18
New
6
Increased
2
Reduced
5
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
GDS Holdings
GDS
|
+$34.7M |
| 2 |
SPDR Gold Trust
GLD
|
+$14.8M |
| 3 |
MSCI
MSCI
|
+$3.1M |
| 4 |
Apple
AAPL
|
+$2.32M |
| 5 |
Bilibili
BILI
|
+$1.04M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sea Limited
SE
|
+$75.9M |
| 2 |
TAL Education Group
TAL
|
+$20.8M |
| 3 |
JD.com
JD
|
+$17.4M |
| 4 |
ZTO Express
ZTO
|
+$11M |
| 5 |
Vipshop
VIPS
|
+$9.97M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 47.65% |
| 2 | Consumer Discretionary | 26.89% |
| 3 | Consumer Staples | 9.29% |
| 4 | Financials | 1.63% |
| 5 | Communication Services | 1.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
GDS Holdings
GDS
$6.52B
| $57.2M | 29.15% |
718,516
+560,116
| +354% | +$34.7M |
|
2
Advanced Micro Devices
AMD
$880B
| $33.4M | 16.99% |
634,107
-105,478
| -14% | -$5.59M |
|
|
3
JD.com
JD
$40.6B
| $27M | 13.75% |
448,797
-343,607
| -43% | -$17.4M |
|
|
4
Sea Limited
SE
$60.9B
| $25.8M | 13.14% |
240,593
-1,048,078
| -81% | -$75.9M |
|
|
5
SPDR Gold Trust
GLD
$130B
| $23.5M | 11.99% |
140,692
+91,604
| +187% | +$14.8M |
|
|
6
TAL Education Group
TAL
$5.74B
| $18.2M | 9.29% |
266,676
-363,167
| -58% | -$20.8M |
|
|
7
MSCI
MSCI
$40.2B
| $3.2M | 1.63% |
+9,595
| New | +$3.1M |
|
|
8
Apple
AAPL
$4.72T
| $2.73M | 1.39% |
+29,968
| New | +$2.32M |
|
9
iShares ESG Aware MSCI USA ETF
ESGU
$17.6B
| $2.02M | 1.03% |
28,892
-9,804
| -25% | -$645K |
|
|
10
Bilibili
BILI
$7.32B
| $1.48M | 0.75% |
+31,919
| New | +$1.04M |
|
11
Tencent Music
TME
$14.3B
| $975K | 0.5% |
+72,412
| New | +$858K |
|
|
DOYU
12
DouYu International Holdings
DOYU
$140M
| $534K | 0.27% |
+4,628
| New | +$387K |
|
13
NVIDIA
NVDA
$5.06T
| $252K | 0.13% |
+26,560
| New | +$215K |
|
|
DQ
14
Daqo New Energy
DQ
$806M
| – | – |
-121,435
| Closed | -$1.41M |
|
15
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.7B
| – | – |
-20,889
| Closed | -$2.58M |
|
|
16
Vipshop
VIPS
$6.92B
| – | – |
-640,089
| Closed | -$9.97M |
|
|
17
ZTO Express
ZTO
$18.3B
| – | – |
-417,165
| Closed | -$11M |
|
|
LK
18
DELISTED
Luckin Coffee Inc. American Depositary Shares
LK
| – | – |
-346,092
| Closed | -$9.41M |
|
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Kadensa Capital's Q2 2020 Portfolio in Review
As of Q2 2020, Kadensa Capital held 18 positions worth $196M, down 6.2% from $209M the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Kadensa Capital withdrew a net $97.3M in Q2 2020, closing 5 positions and reducing 5 holdings. Its most notable exit was ZTO Express, an estimated $11M position sold in full.
By sector, the portfolio is most concentrated in Technology at 48% of assets, up from 21% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.
Against the trend, Kadensa Capital opened a new position in MSCI worth $3.2M.
- Kadensa Capital's largest Q2 2020 buy was MSCI: 9,595 shares worth $3.2M.
- Kadensa Capital added most to GDS Holdings in Q2 2020, an estimated $34.7M increase.
- Kadensa Capital's biggest Q2 2020 reduction was Sea Limited, cutting an estimated $75.9M.
- Kadensa Capital fully exited ZTO Express in Q2 2020, selling an estimated $11M.
- Kadensa Capital's ten largest holdings make up 99% of its $196M portfolio in Q2 2020.
- Kadensa Capital opened 6 new positions and closed 5 in Q2 2020.
- Kadensa Capital's portfolio value fell 6.2% quarter-over-quarter to $196M.
Based on Kadensa Capital's 13F filing for Q2 2020, filed 30 Jul 2020.