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NSRI
New Silk Road Investment Portfolio holdings
AUM
$50.4M
1-Year Est. Return
32.31%
This Fund
S&P 500
This Quarter
Est. Return
-6.82%
1 Year Est. Return
+32.31%
3 Year Est. Return
-21.21%
5 Year Est. Return
+10.41%
10 Year Est. Return
–
AUM
$154M
AUM Growth
-$36.6M
(-19%)
Cap. Flow
-$17.2M
Cap. Flow
% of AUM
-11.17%
Top 10 Holdings %
Top 10 Hldgs %
99.43%
Holding
15
New
1
Increased
7
Reduced
1
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Huazhu Hotels Group
HTHT
|
+$7.3M |
| 2 |
Tencent Music
TME
|
+$3.66M |
| 3 |
Trip.com Group
TCOM
|
+$3.06M |
| 4 |
Yum China
YUMC
|
+$2.4M |
| 5 |
BZUN
Baozun
BZUN
|
+$2.05M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TAL Education Group
TAL
|
+$18.7M |
| 2 |
Sea Limited
SE
|
+$8.56M |
| 3 |
Vipshop
VIPS
|
+$5.63M |
| 4 |
New Oriental
EDU
|
+$4.28M |
| 5 |
GRCL
Gracell Biotechnologies Inc. American Depositary Shares
GRCL
|
+$650K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 70.49% |
| 2 | Communication Services | 16.3% |
| 3 | Financials | 12.64% |
| 4 | Healthcare | 0.57% |
| 5 | Consumer Staples | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Sea Limited
SE
$70.4B
| $59.9M | 39.01% |
187,938
-27,900
| -13% | -$8.56M |
|
2
HDFC Bank
HDB
$122B
| $19.4M | 12.64% |
531,000
| – | – |
|
|
3
Yum China
YUMC
$16.3B
| $18.2M | 11.86% |
313,453
+39,017
| +14% | +$2.4M |
|
|
4
Tencent Music
TME
$15.6B
| $15.1M | 9.8% |
2,076,409
+373,000
| +22% | +$3.66M |
|
5
MINISO
MNSO
$3.67B
| $13.2M | 8.58% |
864,315
+15,200
| +2% | +$232K |
|
|
6
Huazhu Hotels Group
HTHT
$13B
| $7.08M | 4.61% |
+154,500
| New | +$7.3M |
|
7
Baidu
BIDU
$37.7B
| $6.2M | 4.04% |
40,338
+8,300
| +26% | +$1.36M |
|
|
8
Trip.com Group
TCOM
$28.9B
| $5.92M | 3.85% |
192,447
+106,500
| +124% | +$3.06M |
|
|
BZUN
9
Baozun
BZUN
$172M
| $3.95M | 2.57% |
225,400
+83,200
| +59% | +$2.05M |
|
10
NetEase
NTES
$82B
| $3.77M | 2.46% |
44,200
+6,600
| +18% | +$623K |
|
|
NBP
11
NovaBridge Biosciences American Depositary Shares
NBP
$190M
| $870K | 0.57% |
12,000
| – | – |
|
|
12
New Oriental
EDU
$9.06B
| – | – |
-52,307
| Closed | -$4.28M |
|
|
13
TAL Education Group
TAL
$6.71B
| – | – |
-741,661
| Closed | -$18.7M |
|
|
14
Vipshop
VIPS
$7.46B
| – | – |
-280,365
| Closed | -$5.63M |
|
|
GRCL
15
DELISTED
Gracell Biotechnologies Inc. American Depositary Shares
GRCL
| – | – |
-50,000
| Closed | -$650K |
|
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New Silk Road Investment's Q3 2021 Portfolio in Review
As of Q3 2021, New Silk Road Investment held 15 positions worth $154M, down 19% from $190M the previous quarter. Its ten largest holdings account for 99% of the portfolio.
New Silk Road Investment withdrew a net $17.2M in Q3 2021, closing 4 positions and reducing 1 holding. Its most notable exit was TAL Education Group, an estimated $18.7M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 70% of assets, up from 57% a quarter earlier, followed by Communication Services and Financials.
Against the trend, New Silk Road Investment opened a new position in Huazhu Hotels Group worth $7.08M.
- New Silk Road Investment's largest Q3 2021 buy was Huazhu Hotels Group: 154,500 shares worth $7.08M.
- New Silk Road Investment added most to Tencent Music in Q3 2021, an estimated $3.66M increase.
- New Silk Road Investment's biggest Q3 2021 reduction was Sea Limited, cutting an estimated $8.56M.
- New Silk Road Investment fully exited TAL Education Group in Q3 2021, selling an estimated $18.7M.
- New Silk Road Investment's ten largest holdings make up 99% of its $154M portfolio in Q3 2021.
- New Silk Road Investment opened 1 new position and closed 4 in Q3 2021.
- New Silk Road Investment's portfolio value fell 19% quarter-over-quarter to $154M.
Based on New Silk Road Investment's 13F filing for Q3 2021, filed 9 Nov 2021.