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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
+33.24%
1 Year Est. Return
+72.65%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$90.2M
AUM Growth
-$34.1M
(-27%)
Cap. Flow
-$28.8M
Cap. Flow
% of AUM
-31.9%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
15
New
3
Increased
–
Reduced
1
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TSMC
TSM
|
+$23.6M |
| 2 |
NVIDIA
NVDA
|
+$6.72M |
| 3 |
Intuitive Surgical
ISRG
|
+$1.56M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DQ
Daqo New Energy
DQ
|
+$17.1M |
| 2 |
JKS
JinkoSolar
JKS
|
+$10.8M |
| 3 |
Pinduoduo
PDD
|
+$10.4M |
| 4 |
Atour Lifestyle Holdings
ATAT
|
+$6.5M |
| 5 |
KE Holdings
BEKE
|
+$5.94M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 72.51% |
| 2 | Technology | 25.53% |
| 3 | Healthcare | 1.94% |
| 4 | Miscellaneous | 0.02% |
| 5 | Communication Services | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
TAL Education Group
TAL
$6.62B
| $65.4M | 72.51% |
7,177,032
| – | – |
|
|
JKS
2
JinkoSolar
JKS
$709M
| $12.1M | 13.47% |
400,000
-300,000
| -43% | -$10.8M |
|
|
3
NVIDIA
NVDA
$5.25T
| $6.52M | 7.24% |
+150,000
| New | +$6.72M |
|
|
4
TSMC
TSM
$2.17T
| $4.34M | 4.82% |
+250,000
| New | +$23.6M |
|
|
5
Intuitive Surgical
ISRG
$132B
| $1.46M | 1.62% |
+5,000
| New | +$1.56M |
|
|
LSB
6
DELISTED
LakeShore Biopharma
LSB
| $286K | 0.32% |
35,715
| – | – |
|
|
LSBPW
7
DELISTED
LakeShore Biopharma Warrants
LSBPW
| $20.6K | 0.02% |
500,000
| – | – |
|
|
8
Atour Lifestyle Holdings
ATAT
$4.83B
| – | – |
-400,000
| Closed | -$6.5M |
|
|
9
KE Holdings
BEKE
$20.2B
| – | – |
-1,200,000
| Closed | -$5.94M |
|
10
Kanzhun
BZ
$7.95B
| – | – |
-600,000
| Closed | -$4.51M |
|
|
DQ
11
Daqo New Energy
DQ
$926M
| – | – |
-430,000
| Closed | -$17.1M |
|
12
New Oriental
EDU
$9.36B
| – | – |
-500,000
| Closed | -$1.97M |
|
13
Huazhu Hotels Group
HTHT
$14.7B
| – | – |
-500,000
| Closed | -$1.94M |
|
14
iQIYI
IQ
$888M
| – | – |
-300,000
| Closed | -$1.6M |
|
|
15
Pinduoduo
PDD
$122B
| – | – |
-150,000
| Closed | -$10.4M |
|
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Snow Lake Management's Q3 2023 Portfolio in Review
As of Q3 2023, Snow Lake Management held 15 positions worth $90.2M, down 27% from $124M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Snow Lake Management withdrew a net $28.8M in Q3 2023, closing 8 positions and reducing 1 holding. Its most notable exit was Daqo New Energy, an estimated $17.1M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 73% of assets, up from 36% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Snow Lake Management opened a new position in TSMC worth $4.34M.
- Snow Lake Management's largest Q3 2023 buy was TSMC: 250,000 shares worth $4.34M.
- Snow Lake Management's biggest Q3 2023 reduction was JinkoSolar, cutting an estimated $10.8M.
- Snow Lake Management fully exited Daqo New Energy in Q3 2023, selling an estimated $17.1M.
- Snow Lake Management's ten largest holdings make up 100% of its $90.2M portfolio in Q3 2023.
- Snow Lake Management opened 3 new positions and closed 8 in Q3 2023.
- Snow Lake Management's portfolio value fell 27% quarter-over-quarter to $90.2M.
Based on Snow Lake Management's 13F filing for Q3 2023, filed 14 Nov 2023.