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NMO

Newlands Management Operations Portfolio holdings

AUM $15.5B
1-Year Est. Return 25.52%
This Fund
S&P 500
This Quarter Est. Return
+3.19%
1 Year Est. Return
+25.52%
3 Year Est. Return
+185.35%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$12.1B
AUM Growth
-$248M
Cap. Flow
-$474M
Cap. Flow %
-3.9%
Top 10 Hldgs %
89.92%
Holding
30
New
–
Increased
–
Reduced
1
Closed
10

Top Buys

No buys this quarter

Top Sells

Rank Stock Value
1
PDD icon
Pinduoduo
PDD
+$227M
2
SNOW icon
Snowflake
SNOW
+$222M
3
META icon
Meta Platforms (Facebook)
META
+$10.5M
4
DDOG icon
Datadog
DDOG
+$3.76M
5
GTLB icon
GitLab
GTLB
+$2.82M

Sector Composition

Rank Sector Weight
1 Communication Services 53.07%
2 Consumer Discretionary 25.01%
3 Technology 16.01%
4 Financials 5.9%
5 Healthcare 0.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PCOR icon
26
Procore
PCOR
$7.57B
– –
-28,163
Closed -$2.31M
PDD icon
27
Pinduoduo
PDD
$126B
– –
-1,955,653
Closed -$227M
PYPL icon
28
PayPal
PYPL
$49.9B
– –
-18,750
Closed -$1.26M
SNOW icon
29
Snowflake
SNOW
$98.1B
– –
-1,373,510
Closed -$222M
U icon
30
Unity
U
$14B
– –
-95,790
Closed -$2.56M
1
2

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UM
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Newlands Management Operations's Q2 2024 Portfolio in Review

As of Q2 2024, Newlands Management Operations held 30 positions worth $12.1B, down 2% from $12.4B the previous quarter. Its ten largest holdings account for 90% of the portfolio.

Newlands Management Operations withdrew a net $474M in Q2 2024, closing 10 positions and reducing 1 holding. Its most notable exit was Pinduoduo, an estimated $227M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 53% of assets, up from 49% a quarter earlier, followed by Consumer Discretionary and Technology.

  • Newlands Management Operations's biggest Q2 2024 reduction was Meta Platforms (Facebook), cutting an estimated $10.5M.
  • Newlands Management Operations fully exited Pinduoduo in Q2 2024, selling an estimated $227M.
  • Newlands Management Operations's ten largest holdings make up 90% of its $12.1B portfolio in Q2 2024.
  • Newlands Management Operations opened 0 new positions and closed 10 in Q2 2024.
  • Newlands Management Operations's portfolio value fell 2% quarter-over-quarter to $12.1B.

Based on Newlands Management Operations's 13F filing for Q2 2024, filed 14 Aug 2024.