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TAA
TB Alternative Assets Portfolio holdings
AUM
$623M
1-Year Est. Return
154.99%
This Fund
S&P 500
This Quarter
Est. Return
-6%
1 Year Est. Return
+154.99%
3 Year Est. Return
+325.12%
5 Year Est. Return
+84.24%
10 Year Est. Return
+892.64%
AUM
$460M
AUM Growth
+$115M
(+33%)
Cap. Flow
+$147M
Cap. Flow
% of AUM
32.05%
Top 10 Holdings %
Top 10 Hldgs %
85.93%
Holding
37
New
15
Increased
6
Reduced
8
Closed
7
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 | |
|---|---|---|---|---|---|---|
|
1
Alibaba
BABA
$276B
| $153M | 33.2% |
901,400
+814,400
| +936% | +$141M |
|
|
LAIX
2
DELISTED
LAIX Inc. American Depositary Shares, each representing fourteen Class A Ordinary Shares
LAIX
| $59.4M | 12.9% |
+404,512
| New | +$59.2M |
|
|
3
ZTO Express
ZTO
$18.2B
| $37.2M | 8.09% |
1,947,422
-753,800
| -28% | -$14.2M |
|
|
4
Bilibili
BILI
$7.56B
| $27.1M | 5.9% |
1,667,182
-2,298,800
| -58% | -$37.1M |
|
|
YJ
5
Yunji
YJ
$6.11M
| $26.5M | 5.77% |
+58,714
| New | +$26.3M |
|
6
Weibo
WB
$1.95B
| $20.5M | 4.45% |
469,716
-97,284
| -17% | -$5.46M |
|
|
7
Tencent Music
TME
$15.6B
| $19.9M | 4.31% |
+1,324,200
| New | +$20.9M |
|
|
NEW
8
DELISTED
Puxin Limited American Depositary Shares, each representing twenty Ordinary Shares
NEW
| $18.7M | 4.07% |
+297,947
| New | +$22.9M |
|
|
9
Pinduoduo
PDD
$122B
| $17.8M | 3.87% |
862,811
-672,599
| -44% | -$14.6M |
|
|
10
TAL Education Group
TAL
$5.79B
| $15.6M | 3.38% |
408,168
-1,318,800
| -76% | -$47.7M |
|
11
Meta Platforms (Facebook)
META
$1.51T
| $11M | 2.39% |
57,000
+24,800
| +77% | +$4.53M |
|
12
Freeport-McMoran
FCX
$88.6B
| $9.56M | 2.08% |
823,400
+736,700
| +850% | +$8.58M |
|
|
JOYY
13
JOYY Inc
JOYY
$3.77B
| $6.72M | 1.46% |
96,400
+21,500
| +29% | +$1.64M |
|
14
Macy's
M
$6.62B
| $5.65M | 1.23% |
263,100
+28,700
| +12% | +$653K |
|
|
X
15
DELISTED
US Steel
X
| $5.54M | 1.21% |
+362,200
| New | +$5.58M |
|
16
Yelp
YELP
$1.51B
| $4.96M | 1.08% |
+145,106
| New | +$5.02M |
|
|
SINA
17
DELISTED
Sina Corp
SINA
| $4.01M | 0.87% |
93,000
+26,300
| +39% | +$1.38M |
|
|
LITB
18
LightInTheBox
LITB
$54M
| $3.76M | 0.82% |
422,976
| – | – |
|
19
New Oriental
EDU
$8.08B
| $2.72M | 0.59% |
+28,200
| New | +$2.52M |
|
20
JD.com
JD
$42.9B
| $2.49M | 0.54% |
+82,200
| New | +$2.36M |
|
21
Alphabet (Google) Class C
GOOG
$4.07T
| $2.05M | 0.45% |
+38,000
| New | +$2.19M |
|
22
Amazon
AMZN
$2.48T
| $1.14M | 0.25% |
12,000
-20,000
| -63% | -$1.86M |
|
23
Vale
VALE
$62.6B
| $1.12M | 0.24% |
+83,200
| New | +$1.07M |
|
24
Snap
SNAP
$8.02B
| $1.03M | 0.22% |
+72,400
| New | +$885K |
|
25
Ecopetrol
EC
$32.5B
| $1.01M | 0.22% |
+55,400
| New | +$1.04M |
|
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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.