TB Alternative Assets Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$141M |
| 2 |
LAIX
LAIX Inc. American Depositary Shares, each representing fourteen Class A Ordinary Shares
LAIX
|
+$59.2M |
| 3 |
YJ
Yunji
YJ
|
+$26.3M |
| 4 |
NEW
Puxin Limited American Depositary Shares, each representing twenty Ordinary Shares
NEW
|
+$22.9M |
| 5 |
Tencent Music
TME
|
+$20.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TAL Education Group
TAL
|
+$47.7M |
| 2 |
Bilibili
BILI
|
+$37.1M |
| 3 |
Pinduoduo
PDD
|
+$14.6M |
| 4 |
ZTO Express
ZTO
|
+$14.2M |
| 5 |
Deutsche Bank
DB
|
+$10.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 45.66% |
| 2 | Communication Services | 20.38% |
| 3 | Consumer Staples | 16.87% |
| 4 | Industrials | 8.22% |
| 5 | Materials | 3.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Howmet Aerospace
HWM
$114B
| $586K | 0.13% |
+29,601
| New | +$499K |
|
27
Apple
AAPL
$4.99T
| $515K | 0.11% |
10,400
-114,400
| -92% | -$5.57M |
|
28
Community Health Systems
CYH
$393M
| $321K | 0.07% |
+120,152
| New | +$379K |
|
29
Zillow
Z
$7.7B
| $311K | 0.07% |
6,700
-63,200
| -90% | -$2.52M |
|
|
MNTV
30
DELISTED
Momentive Global Inc. Common Stock
MNTV
| $261K | 0.06% |
+15,800
| New | +$270K |
|
31
Advanced Micro Devices
AMD
$741B
| – | – |
-48,800
| Closed | -$1.25M |
|
32
Bath & Body Works
BBWI
$4.13B
| – | – |
-422,188
| Closed | -$9.41M |
|
|
CMCM
33
Cheetah Mobile
CMCM
$90.6M
| – | – |
-40,240
| Closed | -$1.29M |
|
|
34
Deutsche Bank
DB
$67.6B
| – | – |
-1,314,300
| Closed | -$10.7M |
|
35
Electronic Arts
EA
$52.4B
| – | – |
-11,200
| Closed | -$1.14M |
|
36
Tesla
TSLA
$1.21T
| – | – |
-234,000
| Closed | -$4.37M |
|
37
UBS Group
UBS
$171B
| – | – |
-321,400
| Closed | -$3.89M |
|
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TB Alternative Assets's Q2 2019 Portfolio in Review
As of Q2 2019, TB Alternative Assets held 37 positions worth $460M, up 33% from $345M the previous quarter. Its ten largest holdings account for 86% of the portfolio.
TB Alternative Assets deployed $147M of net new capital in Q2 2019, opening 15 new positions and adding to 6 existing holdings. Its largest new stake was LAIX Inc. American Depositary Shares, each representing fourteen Class A Ordinary Shares: 404,512 shares worth $59.4M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 46% of assets, up from 23% a quarter earlier, followed by Communication Services and Consumer Staples.
On the sell side, the largest reduction was TAL Education Group, an estimated $47.7M trimmed.
- TB Alternative Assets's largest Q2 2019 buy was LAIX Inc. American Depositary Shares, each representing fourteen Class A Ordinary Shares: 404,512 shares worth $59.4M.
- TB Alternative Assets added most to Alibaba in Q2 2019, an estimated $141M increase.
- TB Alternative Assets's biggest Q2 2019 reduction was TAL Education Group, cutting an estimated $47.7M.
- TB Alternative Assets fully exited Deutsche Bank in Q2 2019, selling an estimated $10.7M.
- TB Alternative Assets's ten largest holdings make up 86% of its $460M portfolio in Q2 2019.
- TB Alternative Assets opened 15 new positions and closed 7 in Q2 2019.
- TB Alternative Assets's portfolio value rose 33% quarter-over-quarter to $460M.
Based on TB Alternative Assets's 13F filing for Q2 2019, filed 16 Jul 2019.