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Ocean Arete Portfolio holdings

AUM $6.31M
1-Year Est. Return 30.17%
This Fund
S&P 500
This Quarter Est. Return
+11.81%
1 Year Est. Return
+30.17%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$54.7M
AUM Growth
-$28.6M
Cap. Flow
-$37.2M
Cap. Flow %
-67.97%
Top 10 Hldgs %
100%
Holding
10
New
2
Increased
–
Reduced
3
Closed
3

Top Buys

Rank Stock Value
1
PDD icon
Pinduoduo
PDD
+$994K
2
IQ icon
iQIYI
IQ
+$343K

Top Sells

Rank Stock Value
1
TCOM icon
Trip.com Group
TCOM
+$12.1M
2
HTHT icon
Huazhu Hotels Group
HTHT
+$11.3M
3
TAL icon
TAL Education Group
TAL
+$9.04M
4
EDU icon
New Oriental
EDU
+$5.28M
5
WB icon
Weibo
WB
+$478K

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 77.48%
2 Industrials 13.21%
3 Consumer Staples 8.65%
4 Communication Services 0.67%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HTHT icon
1
Huazhu Hotels Group
HTHT
$12.8B
$20.3M 37.03%
413,600
-234,300
-36% -$11.3M
TCOM icon
2
Trip.com Group
TCOM
$26.7B
$17.8M 32.49%
471,900
-324,600
-41% -$12.1M
ZTO icon
3
ZTO Express
ZTO
$18.2B
$7.23M 13.21%
252,100
– –
EDU icon
4
New Oriental
EDU
$7.82B
$4.73M 8.65%
122,600
-130,600
-52% -$5.28M
YUMC icon
5
Yum China
YUMC
$15.1B
$3.52M 6.43%
55,500
– –
PDD icon
6
Pinduoduo
PDD
$120B
$835K 1.53%
+11,000
New +$994K
IQ icon
7
iQIYI
IQ
$1.15B
$364K 0.67%
+50,000
New +$343K
MOMO
8
Hello Group
MOMO
$886M
– –
-35,000
Closed -$314K
TAL icon
9
TAL Education Group
TAL
$5.68B
– –
-1,282,300
Closed -$9.04M
WB icon
10
Weibo
WB
$1.9B
– –
-25,000
Closed -$478K

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WCH
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PGEBT
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Ocean Arete's Q1 2023 Portfolio in Review

As of Q1 2023, Ocean Arete held 10 positions worth $54.7M, down 34% from $83.3M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Ocean Arete withdrew a net $37.2M in Q1 2023, closing 3 positions and reducing 3 holdings. Its most notable exit was TAL Education Group, an estimated $9.04M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 77% of assets, up from 69% a quarter earlier, followed by Industrials and Consumer Staples.

Against the trend, Ocean Arete opened a new position in Pinduoduo worth $835K.

  • Ocean Arete's largest Q1 2023 buy was Pinduoduo: 11,000 shares worth $835K.
  • Ocean Arete's biggest Q1 2023 reduction was Trip.com Group, cutting an estimated $12.1M.
  • Ocean Arete fully exited TAL Education Group in Q1 2023, selling an estimated $9.04M.
  • Ocean Arete's ten largest holdings make up 100% of its $54.7M portfolio in Q1 2023.
  • Ocean Arete opened 2 new positions and closed 3 in Q1 2023.
  • Ocean Arete's portfolio value fell 34% quarter-over-quarter to $54.7M.

Based on Ocean Arete's 13F filing for Q1 2023, filed 1 May 2023.