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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
+27.82%
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
$528M
AUM Growth
+$72.1M
(+16%)
Cap. Flow
-$16M
Cap. Flow
% of AUM
-3.03%
Top 10 Holdings %
Top 10 Hldgs %
75.42%
Holding
36
New
10
Increased
6
Reduced
9
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
JOYY
JOYY Inc
JOYY
|
+$27.4M |
| 2 |
iQIYI
IQ
|
+$23.3M |
| 3 |
SY
So-Young International
SY
|
+$20.8M |
| 4 |
NIO
NIO
|
+$19.8M |
| 5 |
MOGU
MOGU Inc
MOGU
|
+$18.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$72.5M |
| 2 |
TAL Education Group
TAL
|
+$19.2M |
| 3 |
ZTO Express
ZTO
|
+$14.5M |
| 4 |
Tencent Music
TME
|
+$11.5M |
| 5 |
Weibo
WB
|
+$7.26M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 36.9% |
| 2 | Communication Services | 30.89% |
| 3 | Consumer Staples | 11.26% |
| 4 | Industrials | 4.85% |
| 5 | Healthcare | 4.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Alibaba
BABA
$276B
| $87.8M | 16.62% |
413,792
-386,208
| -48% | -$72.5M |
|
|
JOYY
2
JOYY Inc
JOYY
$3.77B
| $41.2M | 7.8% |
780,720
+465,649
| +148% | +$27.4M |
|
|
3
Weibo
WB
$1.95B
| $39.9M | 7.56% |
861,720
-155,196
| -15% | -$7.26M |
|
|
4
NIO
NIO
$11.7B
| $39.5M | 7.48% |
+9,822,617
| New | +$19.8M |
|
|
5
iQIYI
IQ
$1.21B
| $38.1M | 7.22% |
1,804,902
+1,267,202
| +236% | +$23.3M |
|
6
Bilibili
BILI
$7.56B
| $37.8M | 7.16% |
2,031,839
+209,557
| +11% | +$3.4M |
|
|
7
TAL Education Group
TAL
$5.79B
| $32M | 6.05% |
662,936
-446,989
| -40% | -$19.2M |
|
|
SINA
8
DELISTED
Sina Corp
SINA
| $28.8M | 5.46% |
721,822
+133,922
| +23% | +$5.14M |
|
|
LAIX
9
DELISTED
LAIX Inc. American Depositary Shares, each representing fourteen Class A Ordinary Shares
LAIX
| $27.5M | 5.21% |
404,512
| – | – |
|
|
10
ZTO Express
ZTO
$18.2B
| $25.6M | 4.85% |
1,097,294
-670,528
| -38% | -$14.5M |
|
11
Vipshop
VIPS
$7.13B
| $25M | 4.74% |
1,765,933
-378,167
| -18% | -$4.48M |
|
|
NEW
12
DELISTED
Puxin Limited American Depositary Shares, each representing twenty Ordinary Shares
NEW
| $24.1M | 4.57% |
294,227
-3,720
| -1% | -$339K |
|
|
SY
13
So-Young International
SY
$197M
| $22.9M | 4.35% |
+1,877,863
| New | +$20.8M |
|
|
MOGU
14
MOGU Inc
MOGU
$17.3M
| $19M | 3.6% |
+695,662
| New | +$18.7M |
|
|
YJ
15
Yunji
YJ
$6.11M
| $13.2M | 2.49% |
71,864
+20,023
| +39% | +$4.15M |
|
16
Macy's
M
$6.62B
| $4.7M | 0.89% |
276,300
-65,700
| -19% | -$1.03M |
|
|
WUBA
17
DELISTED
58.com Inc
WUBA
| $3.53M | 0.67% |
+54,500
| New | +$3.07M |
|
18
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.42B
| $3.26M | 0.62% |
+34,400
| New | +$2.98M |
|
19
Yelp
YELP
$1.51B
| $2.95M | 0.56% |
84,606
+12,100
| +17% | +$411K |
|
|
LITB
20
LightInTheBox
LITB
$54M
| $2.67M | 0.5% |
422,976
| – | – |
|
21
Meta Platforms (Facebook)
META
$1.51T
| $2.54M | 0.48% |
12,400
-5,200
| -30% | -$1.01M |
|
22
Under Armour Class C
UA
$2.97B
| $1.99M | 0.38% |
+103,600
| New | +$1.82M |
|
23
State Street Energy Select Sector SPDR ETF
XLE
$38.3B
| $1.03M | 0.2% |
+34,400
| New | +$1.02M |
|
24
Starbucks
SBUX
$118B
| $1.02M | 0.19% |
+11,600
| New | +$989K |
|
25
Halliburton
HAL
$26.1B
| $739K | 0.14% |
30,200
-30,300
| -50% | -$639K |
|
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TB Alternative Assets's Q4 2019 Portfolio in Review
As of Q4 2019, TB Alternative Assets held 36 positions worth $528M, up 16% from $456M the previous quarter. Its ten largest holdings account for 75% of the portfolio.
TB Alternative Assets withdrew a net $16M in Q4 2019, closing 9 positions and reducing 9 holdings. Its most notable exit was Tencent Music, an estimated $11.5M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 37% of assets, down from 41% a quarter earlier, followed by Communication Services and Consumer Staples.
Against the trend, TB Alternative Assets opened a new position in So-Young International worth $22.9M.
- TB Alternative Assets's largest Q4 2019 buy was So-Young International: 1,877,863 shares worth $22.9M.
- TB Alternative Assets added most to JOYY Inc in Q4 2019, an estimated $27.4M increase.
- TB Alternative Assets's biggest Q4 2019 reduction was Alibaba, cutting an estimated $72.5M.
- TB Alternative Assets fully exited Tencent Music in Q4 2019, selling an estimated $11.5M.
- TB Alternative Assets's ten largest holdings make up 75% of its $528M portfolio in Q4 2019.
- TB Alternative Assets opened 10 new positions and closed 9 in Q4 2019.
- TB Alternative Assets's portfolio value rose 16% quarter-over-quarter to $528M.
Based on TB Alternative Assets's 13F filing for Q4 2019, filed 3 Feb 2020.