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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
+5.81%
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
$531M
AUM Growth
-$52.1M
(-8.9%)
Cap. Flow
-$48.9M
Cap. Flow
% of AUM
-9.21%
Top 10 Holdings %
Top 10 Hldgs %
63.38%
Holding
56
New
13
Increased
10
Reduced
13
Closed
18
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SY
So-Young International
SY
|
+$27.5M |
| 2 |
JOYY
JOYY Inc
JOYY
|
+$26.8M |
| 3 |
Alibaba
BABA
|
+$24.7M |
| 4 |
JD.com
JD
|
+$19.7M |
| 5 |
Apple
AAPL
|
+$19.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pinduoduo
PDD
|
+$48.4M |
| 2 |
Snap
SNAP
|
+$38.6M |
| 3 |
American Airlines Group
AAL
|
+$33.9M |
| 4 |
Lufax Holding
LU
|
+$19.4M |
| 5 |
Delta Air Lines
DAL
|
+$18.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 22.3% |
| 2 | Communication Services | 14.7% |
| 3 | Real Estate | 14.7% |
| 4 | Industrials | 12.82% |
| 5 | Technology | 10.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
SL Green Realty
SLG
$3.77B
| $49M | 9.23% |
699,990
+174,279
| +33% | +$11.8M |
|
|
2
Lufax Holding
LU
$1.33B
| $43.3M | 8.16% |
745,790
-315,275
| -30% | -$19.4M |
|
|
SY
3
So-Young International
SY
$197M
| $37M | 6.97% |
3,747,873
+2,190,010
| +141% | +$27.5M |
|
|
4
JD.com
JD
$42.9B
| $36.2M | 6.82% |
429,200
+215,000
| +100% | +$19.7M |
|
|
JOYY
5
JOYY Inc
JOYY
$3.77B
| $34M | 6.4% |
362,440
+247,600
| +216% | +$26.8M |
|
6
Uber
UBER
$144B
| $31.4M | 5.92% |
576,500
-18,900
| -3% | -$1.05M |
|
7
ZTO Express
ZTO
$18.2B
| $30M | 5.65% |
1,029,018
-32,600
| -3% | -$1.06M |
|
|
8
Pinduoduo
PDD
$122B
| $27M | 5.09% |
201,740
-286,500
| -59% | -$48.4M |
|
9
Boeing
BA
$175B
| $25.9M | 4.87% |
101,600
+35,200
| +53% | +$7.82M |
|
|
10
Alibaba
BABA
$276B
| $22.8M | 4.29% |
+100,500
| New | +$24.7M |
|
11
Park Hotels & Resorts
PK
$3.06B
| $22.7M | 4.28% |
1,054,100
-33,500
| -3% | -$665K |
|
|
12
Apple
AAPL
$4.99T
| $18.5M | 3.49% |
+151,600
| New | +$19.5M |
|
13
Zillow
Z
$7.7B
| $18.4M | 3.46% |
141,700
+90,300
| +176% | +$13.4M |
|
|
MOGU
14
MOGU Inc
MOGU
$17.3M
| $16.2M | 3.05% |
695,662
| – | – |
|
15
Tencent Music
TME
$15.6B
| $11.9M | 2.23% |
579,000
+303,830
| +110% | +$7.71M |
|
|
LAIX
16
DELISTED
LAIX Inc. American Depositary Shares, each representing fourteen Class A Ordinary Shares
LAIX
| $9.33M | 1.76% |
264,512
-140,000
| -35% | -$5.02M |
|
|
NEW
17
DELISTED
Puxin Limited American Depositary Shares, each representing twenty Ordinary Shares
NEW
| $8.99M | 1.69% |
224,660
-16,840
| -7% | -$1.08M |
|
18
Intel
INTC
$435B
| $7.49M | 1.41% |
+117,000
| New | +$6.97M |
|
19
iQIYI
IQ
$1.21B
| $6.41M | 1.21% |
+385,900
| New | +$8.91M |
|
20
Starwood Property Trust
STWD
$6.18B
| $6.31M | 1.19% |
254,900
| – | – |
|
|
21
Snap
SNAP
$8.02B
| $6.14M | 1.16% |
117,500
-671,300
| -85% | -$38.6M |
|
|
LITB
22
LightInTheBox
LITB
$54M
| $5.86M | 1.1% |
356,309
-66,667
| -16% | -$1.29M |
|
23
Wells Fargo
WFC
$263B
| $5.73M | 1.08% |
146,600
-274,400
| -65% | -$9.71M |
|
24
Huntsman Corp
HUN
$2B
| $5.73M | 1.08% |
+198,600
| New | +$5.56M |
|
|
MKD
25
DELISTED
Molecular Data Inc. American Depositary Shares
MKD
| $5.4M | 1.02% |
+333,333
| New | +$6.22M |
|
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TB Alternative Assets's Q1 2021 Portfolio in Review
As of Q1 2021, TB Alternative Assets held 56 positions worth $531M, down 8.9% from $583M the previous quarter. Its ten largest holdings account for 63% of the portfolio.
TB Alternative Assets withdrew a net $48.9M in Q1 2021, closing 18 positions and reducing 13 holdings. Its most notable exit was American Airlines Group, an estimated $33.9M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 22% of assets, down from 27% a quarter earlier, followed by Communication Services and Real Estate.
Against the trend, TB Alternative Assets opened a new position in Alibaba worth $22.8M.
- TB Alternative Assets's largest Q1 2021 buy was Alibaba: 100,500 shares worth $22.8M.
- TB Alternative Assets added most to So-Young International in Q1 2021, an estimated $27.5M increase.
- TB Alternative Assets's biggest Q1 2021 reduction was Pinduoduo, cutting an estimated $48.4M.
- TB Alternative Assets fully exited American Airlines Group in Q1 2021, selling an estimated $33.9M.
- TB Alternative Assets's ten largest holdings make up 63% of its $531M portfolio in Q1 2021.
- TB Alternative Assets opened 13 new positions and closed 18 in Q1 2021.
- TB Alternative Assets's portfolio value fell 8.9% quarter-over-quarter to $531M.
Based on TB Alternative Assets's 13F filing for Q1 2021, filed 4 May 2021.