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TPC
Tiger Pacific Capital Portfolio holdings
AUM
$218M
1-Year Est. Return
12.12%
This Fund
S&P 500
This Quarter
Est. Return
+18.08%
1 Year Est. Return
-12.12%
3 Year Est. Return
+84.47%
5 Year Est. Return
+27.39%
10 Year Est. Return
+499.3%
AUM
$413M
AUM Growth
-$43.4M
(-9.5%)
Cap. Flow
-$93.8M
Cap. Flow
% of AUM
-22.74%
Top 10 Holdings %
Top 10 Hldgs %
99.58%
Holding
15
New
3
Increased
3
Reduced
4
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Baidu
BIDU
|
+$51.8M |
| 2 |
Coupang
CPNG
|
+$21.8M |
| 3 |
RLX Technology
RLX
|
+$11.8M |
| 4 |
Qfin Holdings
QFIN
|
+$7.53M |
| 5 |
ZTO Express
ZTO
|
+$6.52M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Trip.com Group
TCOM
|
+$68.3M |
| 2 |
Yum China
YUMC
|
+$46.7M |
| 3 |
TAL Education Group
TAL
|
+$30.4M |
| 4 |
New Oriental
EDU
|
+$17.3M |
| 5 |
CD
Chindata Group Holdings Limited American Depositary Shares
CD
|
+$12.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 31.79% |
| 2 | Financials | 23.45% |
| 3 | Communication Services | 14.06% |
| 4 | Real Estate | 11.95% |
| 5 | Consumer Staples | 11.42% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
ZTO Express
ZTO
$15.4B
| $131M | 31.79% |
4,880,575
+283,746
| +6% | +$6.52M |
|
|
2
Baidu
BIDU
$30.9B
| $58M | 14.06% |
+507,263
| New | +$51.8M |
|
|
3
Qfin Holdings
QFIN
$979M
| $53.1M | 12.88% |
2,609,463
+507,387
| +24% | +$7.53M |
|
4
KE Holdings
BEKE
$17.9B
| $49.3M | 11.95% |
3,532,773
+26,166
| +0.7% | +$364K |
|
|
NOAH
5
Noah Holdings
NOAH
$559M
| $43.6M | 10.57% |
2,813,763
-305,848
| -10% | -$4.47M |
|
|
6
TAL Education Group
TAL
$6.52B
| $30.1M | 7.3% |
4,269,942
-5,484,406
| -56% | -$30.4M |
|
|
7
Coupang
CPNG
$26.4B
| $18.2M | 4.41% |
+1,235,755
| New | +$21.8M |
|
|
8
RLX Technology
RLX
$2.11B
| $15.3M | 3.7% |
+6,639,474
| New | +$11.8M |
|
9
Alibaba
BABA
$272B
| $6.08M | 1.47% |
69,000
-151,140
| -69% | -$11.9M |
|
|
RERE
10
ATRenew
RERE
$866M
| $5.98M | 1.45% |
2,069,435
| – | – |
|
|
11
New Oriental
EDU
$8.95B
| $1.72M | 0.42% |
49,373
-613,954
| -93% | -$17.3M |
|
12
GDS Holdings
GDS
$6.1B
| – | – |
-123,840
| Closed | -$2.19M |
|
|
13
Trip.com Group
TCOM
$24.7B
| – | – |
-2,499,536
| Closed | -$68.3M |
|
|
14
Yum China
YUMC
$14.2B
| – | – |
-987,504
| Closed | -$46.7M |
|
|
CD
15
DELISTED
Chindata Group Holdings Limited American Depositary Shares
CD
| – | – |
-1,517,899
| Closed | -$12.3M |
|
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Tiger Pacific Capital's Q4 2022 Portfolio in Review
As of Q4 2022, Tiger Pacific Capital held 15 positions worth $413M, down 9.5% from $456M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Tiger Pacific Capital withdrew a net $93.8M in Q4 2022, closing 4 positions and reducing 4 holdings. Its most notable exit was Trip.com Group, an estimated $68.3M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 32% of assets, up from 24% a quarter earlier, followed by Financials and Communication Services.
Against the trend, Tiger Pacific Capital opened a new position in Baidu worth $58M.
- Tiger Pacific Capital's largest Q4 2022 buy was Baidu: 507,263 shares worth $58M.
- Tiger Pacific Capital added most to Qfin Holdings in Q4 2022, an estimated $7.53M increase.
- Tiger Pacific Capital's biggest Q4 2022 reduction was TAL Education Group, cutting an estimated $30.4M.
- Tiger Pacific Capital fully exited Trip.com Group in Q4 2022, selling an estimated $68.3M.
- Tiger Pacific Capital's ten largest holdings make up 100% of its $413M portfolio in Q4 2022.
- Tiger Pacific Capital opened 3 new positions and closed 4 in Q4 2022.
- Tiger Pacific Capital's portfolio value fell 9.5% quarter-over-quarter to $413M.
Based on Tiger Pacific Capital's 13F filing for Q4 2022, filed 14 Feb 2023.