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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
-11.04%
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
$398M
AUM Growth
-$130M
(-25%)
Cap. Flow
-$66.5M
Cap. Flow
% of AUM
-16.71%
Top 10 Holdings %
Top 10 Hldgs %
74.92%
Holding
49
New
22
Increased
7
Reduced
11
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tencent Music
TME
|
+$28.9M |
| 2 |
JD.com
JD
|
+$18.1M |
| 3 |
JOYY
JOYY Inc
JOYY
|
+$16M |
| 4 |
Vipshop
VIPS
|
+$15.7M |
| 5 |
NetEase
NTES
|
+$11.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bilibili
BILI
|
+$45.3M |
| 2 |
Alibaba
BABA
|
+$38.6M |
| 3 |
NIO
NIO
|
+$34.7M |
| 4 |
TAL Education Group
TAL
|
+$31.2M |
| 5 |
ZTO Express
ZTO
|
+$24.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 46.49% |
| 2 | Consumer Discretionary | 33.93% |
| 3 | Consumer Staples | 10.71% |
| 4 | Healthcare | 4.87% |
| 5 | Industrials | 1.72% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
JOYY
1
JOYY Inc
JOYY
$3.65B
| $56.3M | 14.15% |
1,056,857
+276,137
| +35% | +$16M |
|
|
2
Vipshop
VIPS
$6.42B
| $44.7M | 11.23% |
2,869,133
+1,103,200
| +62% | +$15.7M |
|
|
3
Alibaba
BABA
$296B
| $44.6M | 11.2% |
229,092
-184,700
| -45% | -$38.6M |
|
4
iQIYI
IQ
$888M
| $24.2M | 6.09% |
1,362,183
-442,719
| -25% | -$9.95M |
|
5
Weibo
WB
$1.72B
| $23.6M | 5.94% |
714,259
-147,461
| -17% | -$6.25M |
|
|
6
Tencent Music
TME
$14B
| $23.6M | 5.94% |
+2,350,300
| New | +$28.9M |
|
|
LAIX
7
DELISTED
LAIX Inc. American Depositary Shares, each representing fourteen Class A Ordinary Shares
LAIX
| $22M | 5.52% |
404,512
| – | – |
|
|
SINA
8
DELISTED
Sina Corp
SINA
| $21.5M | 5.4% |
675,222
-46,600
| -6% | -$1.72M |
|
|
SY
9
So-Young International
SY
$241M
| $19.2M | 4.83% |
1,877,863
| – | – |
|
|
10
JD.com
JD
$38.8B
| $18.4M | 4.61% |
+453,200
| New | +$18.1M |
|
|
NEW
11
DELISTED
Puxin Limited American Depositary Shares, each representing twenty Ordinary Shares
NEW
| $12.5M | 3.15% |
292,727
-1,500
| -0.5% | -$114K |
|
|
12
NetEase
NTES
$78.6B
| $11.3M | 2.83% |
+175,500
| New | +$11.5M |
|
|
YJ
13
Yunji
YJ
$13.7M
| $10.3M | 2.6% |
70,645
-1,219
| -2% | -$221K |
|
|
MOGU
14
MOGU Inc
MOGU
$15.4M
| $9.56M | 2.4% |
695,662
| – | – |
|
|
WUBA
15
DELISTED
58.com Inc
WUBA
| $4.96M | 1.25% |
101,700
+47,200
| +87% | +$2.71M |
|
16
Meta Platforms (Facebook)
META
$1.47T
| $4.87M | 1.22% |
29,200
+16,800
| +135% | +$3.29M |
|
|
17
TAL Education Group
TAL
$6.62B
| $4.42M | 1.11% |
82,984
-579,952
| -87% | -$31.2M |
|
18
Snap
SNAP
$9.18B
| $3.72M | 0.93% |
+312,600
| New | +$4.8M |
|
19
New Oriental
EDU
$9.36B
| $3.7M | 0.93% |
+34,200
| New | +$4.39M |
|
|
20
Bilibili
BILI
$6.95B
| $3.63M | 0.91% |
154,810
-1,877,029
| -92% | -$45.3M |
|
21
Pinterest
PINS
$13.1B
| $3.33M | 0.84% |
216,000
+187,200
| +650% | +$3.65M |
|
22
GE Aerospace
GE
$355B
| $2.75M | 0.69% |
+69,400
| New | +$3.7M |
|
23
Apple
AAPL
$4.67T
| $2.62M | 0.66% |
+41,200
| New | +$3.03M |
|
24
Walt Disney
DIS
$187B
| $2.28M | 0.57% |
+23,600
| New | +$2.98M |
|
25
Boeing
BA
$166B
| $2.06M | 0.52% |
+13,800
| New | +$3.78M |
|
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TB Alternative Assets's Q1 2020 Portfolio in Review
As of Q1 2020, TB Alternative Assets held 49 positions worth $398M, down 25% from $528M the previous quarter. Its ten largest holdings account for 75% of the portfolio.
TB Alternative Assets withdrew a net $66.5M in Q1 2020, closing 5 positions and reducing 11 holdings. Its most notable exit was State Street SPDR S&P Oil & Gas Exploration & Production ETF, an estimated $3.26M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 46% of assets, up from 37% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.
Against the trend, TB Alternative Assets opened a new position in Tencent Music worth $23.6M.
- TB Alternative Assets's largest Q1 2020 buy was Tencent Music: 2,350,300 shares worth $23.6M.
- TB Alternative Assets added most to JOYY Inc in Q1 2020, an estimated $16M increase.
- TB Alternative Assets's biggest Q1 2020 reduction was Bilibili, cutting an estimated $45.3M.
- TB Alternative Assets fully exited State Street SPDR S&P Oil & Gas Exploration & Production ETF in Q1 2020, selling an estimated $3.26M.
- TB Alternative Assets's ten largest holdings make up 75% of its $398M portfolio in Q1 2020.
- TB Alternative Assets opened 22 new positions and closed 5 in Q1 2020.
- TB Alternative Assets's portfolio value fell 25% quarter-over-quarter to $398M.
Based on TB Alternative Assets's 13F filing for Q1 2020, filed 24 Apr 2020.