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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
+41.12%
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
$525M
AUM Growth
+$127M
(+32%)
Cap. Flow
+$27M
Cap. Flow
% of AUM
5.15%
Top 10 Holdings %
Top 10 Hldgs %
51.63%
Holding
61
New
17
Increased
12
Reduced
10
Closed
18
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SL Green Realty
SLG
|
+$41.1M |
| 2 |
Pinduoduo
PDD
|
+$35.6M |
| 3 |
Trip.com Group
TCOM
|
+$21.1M |
| 4 |
ZTO Express
ZTO
|
+$20.7M |
| 5 |
Walt Disney
DIS
|
+$16.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JOYY
JOYY Inc
JOYY
|
+$54.3M |
| 2 |
Vipshop
VIPS
|
+$33.3M |
| 3 |
Alibaba
BABA
|
+$32.8M |
| 4 |
Tencent Music
TME
|
+$20.8M |
| 5 |
iQIYI
IQ
|
+$15.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 34.89% |
| 2 | Communication Services | 20.6% |
| 3 | Real Estate | 12.03% |
| 4 | Industrials | 9.65% |
| 5 | Consumer Staples | 9.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Pinduoduo
PDD
$122B
| $50.8M | 9.68% |
+591,500
| New | +$35.6M |
|
|
2
SL Green Realty
SLG
$3.77B
| $43.2M | 8.23% |
905,129
+895,212
| +9,027% | +$41.1M |
|
|
3
ZTO Express
ZTO
$18.2B
| $26.7M | 5.09% |
727,138
+650,300
| +846% | +$20.7M |
|
|
SY
4
So-Young International
SY
$197M
| $25.5M | 4.86% |
1,877,863
| – | – |
|
5
JD.com
JD
$42.9B
| $25.3M | 4.82% |
420,500
-32,700
| -7% | -$1.66M |
|
|
6
Trip.com Group
TCOM
$28.5B
| $21.7M | 4.13% |
+836,500
| New | +$21.1M |
|
|
JOYY
7
JOYY Inc
JOYY
$3.77B
| $21.4M | 4.08% |
241,672
-815,185
| -77% | -$54.3M |
|
|
8
Walt Disney
DIS
$172B
| $19.4M | 3.7% |
174,100
+150,500
| +638% | +$16.6M |
|
|
9
Vipshop
VIPS
$7.13B
| $18.5M | 3.53% |
931,033
-1,938,100
| -68% | -$33.3M |
|
10
Weibo
WB
$1.95B
| $18.4M | 3.51% |
548,759
-165,500
| -23% | -$5.68M |
|
11
New Oriental
EDU
$8.08B
| $17.8M | 3.4% |
136,900
+102,700
| +300% | +$12.5M |
|
12
TAL Education Group
TAL
$5.79B
| $16.9M | 3.22% |
247,400
+164,416
| +198% | +$9.4M |
|
|
13
Alibaba
BABA
$276B
| $15.5M | 2.95% |
71,792
-157,300
| -69% | -$32.8M |
|
|
MOGU
14
MOGU Inc
MOGU
$17.3M
| $15M | 2.86% |
695,662
| – | – |
|
15
Park Hotels & Resorts
PK
$3.06B
| $14.8M | 2.82% |
+1,494,400
| New | +$13.9M |
|
16
Bilibili
BILI
$7.56B
| $14.5M | 2.76% |
312,157
+157,347
| +102% | +$5.11M |
|
|
NEW
17
DELISTED
Puxin Limited American Depositary Shares, each representing twenty Ordinary Shares
NEW
| $14.2M | 2.71% |
275,477
-17,250
| -6% | -$969K |
|
|
LAIX
18
DELISTED
LAIX Inc. American Depositary Shares, each representing fourteen Class A Ordinary Shares
LAIX
| $14.2M | 2.7% |
404,512
| – | – |
|
|
SINA
19
DELISTED
Sina Corp
SINA
| $13.7M | 2.61% |
381,522
-293,700
| -43% | -$9.88M |
|
20
Tesla
TSLA
$1.21T
| $12.6M | 2.41% |
175,500
+151,500
| +631% | +$8.2M |
|
|
21
iQIYI
IQ
$1.21B
| $12.4M | 2.37% |
535,866
-826,317
| -61% | -$15.3M |
|
22
SLB Ltd
SLB
$74.2B
| $10.2M | 1.94% |
+554,300
| New | +$9.71M |
|
|
23
Tencent Music
TME
$15.6B
| $8.01M | 1.53% |
594,800
-1,755,500
| -75% | -$20.8M |
|
24
Boeing
BA
$175B
| $7.2M | 1.37% |
39,300
+25,500
| +185% | +$3.92M |
|
25
Meta Platforms (Facebook)
META
$1.51T
| $7.2M | 1.37% |
31,700
+2,500
| +9% | +$522K |
|
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TB Alternative Assets's Q2 2020 Portfolio in Review
As of Q2 2020, TB Alternative Assets held 61 positions worth $525M, up 32% from $398M the previous quarter. Its ten largest holdings account for 52% of the portfolio.
TB Alternative Assets deployed $27M of net new capital in Q2 2020, opening 17 new positions and adding to 12 existing holdings. Its largest new stake was Pinduoduo: 591,500 shares worth $50.8M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 35% of assets, up from 34% a quarter earlier, followed by Communication Services and Real Estate.
On the sell side, the largest reduction was JOYY Inc, an estimated $54.3M trimmed.
- TB Alternative Assets's largest Q2 2020 buy was Pinduoduo: 591,500 shares worth $50.8M.
- TB Alternative Assets added most to SL Green Realty in Q2 2020, an estimated $41.1M increase.
- TB Alternative Assets's biggest Q2 2020 reduction was JOYY Inc, cutting an estimated $54.3M.
- TB Alternative Assets fully exited NetEase in Q2 2020, selling an estimated $11.3M.
- TB Alternative Assets's ten largest holdings make up 52% of its $525M portfolio in Q2 2020.
- TB Alternative Assets opened 17 new positions and closed 18 in Q2 2020.
- TB Alternative Assets's portfolio value rose 32% quarter-over-quarter to $525M.
Based on TB Alternative Assets's 13F filing for Q2 2020, filed 22 Jul 2020.