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SLM
Snow Lake Management Portfolio holdings
AUM
$90.7M
1-Year Est. Return
72.65%
This Fund
S&P 500
This Quarter
Est. Return
-12.97%
1 Year Est. Return
+72.65%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$124M
AUM Growth
-$44.1M
(-26%)
Cap. Flow
+$30.6M
Cap. Flow
% of AUM
24.6%
Top 10 Holdings %
Top 10 Hldgs %
99.58%
Holding
13
New
6
Increased
–
Reduced
4
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Huazhu Hotels Group
HTHT
|
+$21.7M |
| 2 |
New Oriental
EDU
|
+$20M |
| 3 |
KE Holdings
BEKE
|
+$19.6M |
| 4 |
Kanzhun
BZ
|
+$10M |
| 5 |
Atour Lifestyle Holdings
ATAT
|
+$7.77M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DQ
Daqo New Energy
DQ
|
+$19.6M |
| 2 |
Vipshop
VIPS
|
+$13.7M |
| 3 |
Pinduoduo
PDD
|
+$10.3M |
| 4 |
JKS
JinkoSolar
JKS
|
+$4.52M |
| 5 |
LSB
LakeShore Biopharma
LSB
|
+$2.15M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 38.74% |
| 2 | Consumer Staples | 36.01% |
| 3 | Consumer Discretionary | 15.13% |
| 4 | Communication Services | 4.92% |
| 5 | Real Estate | 4.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
TAL Education Group
TAL
$6.62B
| $42.8M | 34.42% |
7,177,032
| – | – |
|
|
JKS
2
JinkoSolar
JKS
$709M
| $31.1M | 25% |
700,000
-100,000
| -13% | -$4.52M |
|
|
DQ
3
Daqo New Energy
DQ
$926M
| $17.1M | 13.74% |
430,000
-470,000
| -52% | -$19.6M |
|
|
4
Pinduoduo
PDD
$122B
| $10.4M | 8.35% |
150,000
-150,000
| -50% | -$10.3M |
|
|
5
Atour Lifestyle Holdings
ATAT
$4.83B
| $6.5M | 5.23% |
+400,000
| New | +$7.77M |
|
|
6
KE Holdings
BEKE
$20.2B
| $5.94M | 4.78% |
+1,200,000
| New | +$19.6M |
|
|
7
Kanzhun
BZ
$7.95B
| $4.51M | 3.63% |
+600,000
| New | +$10M |
|
|
8
New Oriental
EDU
$9.36B
| $1.97M | 1.59% |
+500,000
| New | +$20M |
|
|
9
Huazhu Hotels Group
HTHT
$14.7B
| $1.94M | 1.56% |
+500,000
| New | +$21.7M |
|
10
iQIYI
IQ
$888M
| $1.6M | 1.29% |
+300,000
| New | +$1.69M |
|
|
LSB
11
DELISTED
LakeShore Biopharma
LSB
| $493K | 0.4% |
35,715
-145,479
| -80% | -$2.15M |
|
|
LSBPW
12
DELISTED
LakeShore Biopharma Warrants
LSBPW
| $23.5K | 0.02% |
500,000
| – | – |
|
|
13
Vipshop
VIPS
$6.42B
| – | – |
-900,000
| Closed | -$13.7M |
|
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Snow Lake Management's Q2 2023 Portfolio in Review
As of Q2 2023, Snow Lake Management held 13 positions worth $124M, down 26% from $168M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Snow Lake Management deployed $30.6M of net new capital in Q2 2023, opening 6 new positions. Its largest new stake was Huazhu Hotels Group: 500,000 shares worth $1.94M.
By sector, the portfolio is most concentrated in Technology at 39% of assets, down from 49% a quarter earlier, followed by Consumer Staples and Consumer Discretionary.
On the sell side, the largest reduction was Daqo New Energy, an estimated $19.6M trimmed.
- Snow Lake Management's largest Q2 2023 buy was Huazhu Hotels Group: 500,000 shares worth $1.94M.
- Snow Lake Management's biggest Q2 2023 reduction was Daqo New Energy, cutting an estimated $19.6M.
- Snow Lake Management fully exited Vipshop in Q2 2023, selling an estimated $13.7M.
- Snow Lake Management's ten largest holdings make up 100% of its $124M portfolio in Q2 2023.
- Snow Lake Management opened 6 new positions and closed 1 in Q2 2023.
- Snow Lake Management's portfolio value fell 26% quarter-over-quarter to $124M.
Based on Snow Lake Management's 13F filing for Q2 2023, filed 14 Aug 2023.