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PAMI
Perseverance Asset Management International Portfolio holdings
AUM
$909M
1-Year Est. Return
17.42%
This Fund
S&P 500
This Quarter
Est. Return
-2.2%
1 Year Est. Return
+17.42%
3 Year Est. Return
+68.36%
5 Year Est. Return
+47.6%
10 Year Est. Return
–
AUM
$166M
AUM Growth
-$76.1M
(-31%)
Cap. Flow
-$71.9M
Cap. Flow
% of AUM
-43.25%
Top 10 Holdings %
Top 10 Hldgs %
97.6%
Holding
17
New
3
Increased
3
Reduced
5
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TAL Education Group
TAL
|
+$16.8M |
| 2 |
Microsoft
MSFT
|
+$7.39M |
| 3 |
New Oriental
EDU
|
+$4.38M |
| 4 |
Full Truck Alliance
YMM
|
+$3.09M |
| 5 |
Gaotu Techedu
GOTU
|
+$2.02M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$45.2M |
| 2 |
KE Holdings
BEKE
|
+$20.5M |
| 3 |
ZTO Express
ZTO
|
+$15.4M |
| 4 |
NetEase
NTES
|
+$11.4M |
| 5 |
Kanzhun
BZ
|
+$10.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 40.14% |
| 2 | Consumer Staples | 17.92% |
| 3 | Real Estate | 14.23% |
| 4 | Technology | 11.71% |
| 5 | Industrials | 10.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Pinduoduo
PDD
$126B
| $48.4M | 29.14% |
773,734
-78,207
| -9% | -$4.55M |
|
|
2
KE Holdings
BEKE
$18.7B
| $23.6M | 14.23% |
1,349,442
-1,268,107
| -48% | -$20.5M |
|
|
3
ZTO Express
ZTO
$18.3B
| $16.9M | 10.2% |
705,346
-589,169
| -46% | -$15.4M |
|
|
4
Tesla
TSLA
$1.23T
| $16.7M | 10.06% |
63,000
-162,000
| -72% | -$45.2M |
|
|
5
TAL Education Group
TAL
$6.93B
| $16.7M | 10.05% |
+3,380,000
| New | +$16.8M |
|
|
6
New Oriental
EDU
$9.37B
| $11.4M | 6.87% |
476,468
+176,468
| +59% | +$4.38M |
|
|
7
Microsoft
MSFT
$3.45T
| $10.5M | 6.31% |
45,000
+28,000
| +165% | +$7.39M |
|
|
8
Kanzhun
BZ
$7.27B
| $9.65M | 5.81% |
571,630
-450,720
| -44% | -$10.2M |
|
9
TSMC
TSM
$2.1T
| $5.57M | 3.35% |
81,200
+21,200
| +35% | +$1.75M |
|
|
10
Full Truck Alliance
YMM
$9.85B
| $2.63M | 1.58% |
+401,183
| New | +$3.09M |
|
|
11
Gaotu Techedu
GOTU
$434M
| $1.51M | 0.91% |
+1,249,556
| New | +$2.02M |
|
12
Yum China
YUMC
$16.5B
| $1.33M | 0.8% |
28,175
| – | – |
|
|
JKS
13
JinkoSolar
JKS
$793M
| $539K | 0.32% |
9,732
| – | – |
|
|
DQ
14
Daqo New Energy
DQ
$823M
| $235K | 0.14% |
4,436
| – | – |
|
15
Amazon
AMZN
$2.92T
| $226K | 0.14% |
2,000
| – | – |
|
16
RLX Technology
RLX
$2.47B
| $146K | 0.09% |
138,758
| – | – |
|
|
17
NetEase
NTES
$85.3B
| – | – |
-122,369
| Closed | -$11.4M |
|
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Perseverance Asset Management International's Q3 2022 Portfolio in Review
As of Q3 2022, Perseverance Asset Management International held 17 positions worth $166M, down 31% from $242M the previous quarter. Its ten largest holdings account for 98% of the portfolio.
Perseverance Asset Management International withdrew a net $71.9M in Q3 2022, closing 1 position and reducing 5 holdings. Its most notable exit was NetEase, an estimated $11.4M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 40% of assets, down from 43% a quarter earlier, followed by Consumer Staples and Real Estate.
Against the trend, Perseverance Asset Management International opened a new position in TAL Education Group worth $16.7M.
- Perseverance Asset Management International's largest Q3 2022 buy was TAL Education Group: 3,380,000 shares worth $16.7M.
- Perseverance Asset Management International added most to Microsoft in Q3 2022, an estimated $7.39M increase.
- Perseverance Asset Management International's biggest Q3 2022 reduction was Tesla, cutting an estimated $45.2M.
- Perseverance Asset Management International fully exited NetEase in Q3 2022, selling an estimated $11.4M.
- Perseverance Asset Management International's ten largest holdings make up 98% of its $166M portfolio in Q3 2022.
- Perseverance Asset Management International opened 3 new positions and closed 1 in Q3 2022.
- Perseverance Asset Management International's portfolio value fell 31% quarter-over-quarter to $166M.
Based on Perseverance Asset Management International's 13F filing for Q3 2022, filed 14 Nov 2022.