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Mass Ave Global Portfolio holdings

AUM $342M
1-Year Est. Return 20.58%
This Fund
S&P 500
This Quarter Est. Return
+7.96%
1 Year Est. Return
-20.58%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$342M
AUM Growth
-$61.6M
Cap. Flow
-$73M
Cap. Flow %
-21.31%
Top 10 Hldgs %
77.68%
Holding
54
New
17
Increased
7
Reduced
9
Closed
21

Top Buys

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$62.7M
2
JD icon
JD.com
JD
+$25.6M
3
NTES icon
NetEase
NTES
+$15.9M
4
DIS icon
Walt Disney
DIS
+$14M
5
DPZ icon
Domino's
DPZ
+$13.4M

Top Sells

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$28.4M
2
PYPL icon
PayPal
PYPL
+$24.7M
3
AMZN icon
Amazon
AMZN
+$16.4M
4
AMD icon
Advanced Micro Devices
AMD
+$12.3M
5
NVDA icon
NVIDIA
NVDA
+$10M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 50.97%
2 Technology 19.3%
3 Communication Services 12.55%
4 Healthcare 1.77%
5 Financials 1.51%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TXG icon
51
10x Genomics
TXG
$5.65B
– –
-32,750
Closed -$933K
SPLK
52
DELISTED
Splunk Inc
SPLK
– –
-115,284
Closed -$8.67M
NSTG
53
DELISTED
NanoString Technologies, Inc.
NSTG
– –
-81,640
Closed -$1.04M
ATVI
54
DELISTED
Activision Blizzard
ATVI
– –
-10,483
Closed -$779K
1 2
3

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A
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Mass Ave Global's Q4 2022 Portfolio in Review

As of Q4 2022, Mass Ave Global held 54 positions worth $342M, down 15% from $404M the previous quarter. Its ten largest holdings account for 78% of the portfolio.

Mass Ave Global withdrew a net $73M in Q4 2022, closing 21 positions and reducing 9 holdings. Its most notable exit was Microsoft, an estimated $28.4M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 51% of assets, up from 22% a quarter earlier, followed by Technology and Communication Services.

Against the trend, Mass Ave Global opened a new position in NetEase worth $17M.

  • Mass Ave Global's largest Q4 2022 buy was NetEase: 234,000 shares worth $17M.
  • Mass Ave Global added most to Alibaba in Q4 2022, an estimated $62.7M increase.
  • Mass Ave Global's biggest Q4 2022 reduction was PayPal, cutting an estimated $24.7M.
  • Mass Ave Global fully exited Microsoft in Q4 2022, selling an estimated $28.4M.
  • Mass Ave Global's ten largest holdings make up 78% of its $342M portfolio in Q4 2022.
  • Mass Ave Global opened 17 new positions and closed 21 in Q4 2022.
  • Mass Ave Global's portfolio value fell 15% quarter-over-quarter to $342M.

Based on Mass Ave Global's 13F filing for Q4 2022, filed 14 Feb 2023.