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TPC
Tiger Pacific Capital Portfolio holdings
AUM
$410M
1-Year Est. Return
0.97%
This Fund
S&P 500
This Quarter
Est. Return
-12.99%
1 Year Est. Return
-0.97%
3 Year Est. Return
+69.65%
5 Year Est. Return
+32.65%
10 Year Est. Return
+458.67%
AUM
$367M
AUM Growth
-$103M
(-22%)
Cap. Flow
-$52.1M
Cap. Flow
% of AUM
-14.2%
Top 10 Holdings %
Top 10 Hldgs %
98.81%
Holding
15
New
2
Increased
3
Reduced
3
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Kanzhun
BZ
|
+$44.1M |
| 2 |
Pinduoduo
PDD
|
+$26.4M |
| 3 |
JD.com
JD
|
+$12.9M |
| 4 |
TAL Education Group
TAL
|
+$11.3M |
| 5 |
RLX Technology
RLX
|
+$698K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Baidu
BIDU
|
+$39.5M |
| 2 |
KE Holdings
BEKE
|
+$32.1M |
| 3 |
Coupang
CPNG
|
+$31.3M |
| 4 |
ZTO Express
ZTO
|
+$15.1M |
| 5 |
Huazhu Hotels Group
HTHT
|
+$11.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 29.6% |
| 2 | Financials | 20.67% |
| 3 | Consumer Staples | 19.88% |
| 4 | Consumer Discretionary | 17.85% |
| 5 | Communication Services | 10.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
ZTO Express
ZTO
$18.1B
| $108M | 29.6% |
4,325,170
-549,011
| -11% | -$15.1M |
|
|
2
TAL Education Group
TAL
$5.86B
| $58.5M | 15.96% |
9,813,500
+1,880,432
| +24% | +$11.3M |
|
3
Qfin Holdings
QFIN
$1.65B
| $45.7M | 12.46% |
2,642,081
| – | – |
|
|
4
Kanzhun
BZ
$7.03B
| $39.6M | 10.82% |
+2,634,005
| New | +$44.1M |
|
|
5
Pinduoduo
PDD
$121B
| $38.9M | 10.62% |
563,248
+383,648
| +214% | +$26.4M |
|
|
NOAH
6
Noah Holdings
NOAH
$595M
| $30.1M | 8.21% |
2,137,372
| – | – |
|
|
7
RLX Technology
RLX
$2.49B
| $14.4M | 3.92% |
8,118,395
+312,000
| +4% | +$698K |
|
|
8
JD.com
JD
$41.8B
| $12.1M | 3.29% |
+353,236
| New | +$12.9M |
|
|
9
Coupang
CPNG
$28.6B
| $8.4M | 2.29% |
482,503
-1,922,390
| -80% | -$31.3M |
|
|
RERE
10
ATRenew
RERE
$913M
| $6.04M | 1.65% |
2,069,435
| – | – |
|
|
11
KE Holdings
BEKE
$17.4B
| $4.37M | 1.19% |
294,238
-1,967,416
| -87% | -$32.1M |
|
12
Alibaba
BABA
$276B
| – | – |
-80,233
| Closed | -$8.2M |
|
|
13
Baidu
BIDU
$35.8B
| – | – |
-261,863
| Closed | -$39.5M |
|
14
New Oriental
EDU
$7.94B
| – | – |
-237,116
| Closed | -$9.16M |
|
|
15
Huazhu Hotels Group
HTHT
$12.9B
| – | – |
-241,599
| Closed | -$11.8M |
|
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Tiger Pacific Capital's Q2 2023 Portfolio in Review
As of Q2 2023, Tiger Pacific Capital held 15 positions worth $367M, down 22% from $470M the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Tiger Pacific Capital withdrew a net $52.1M in Q2 2023, closing 4 positions and reducing 3 holdings. Its most notable exit was Baidu, an estimated $39.5M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 30% of assets, down from 30% a quarter earlier, followed by Financials and Consumer Staples.
Against the trend, Tiger Pacific Capital opened a new position in Kanzhun worth $39.6M.
- Tiger Pacific Capital's largest Q2 2023 buy was Kanzhun: 2,634,005 shares worth $39.6M.
- Tiger Pacific Capital added most to Pinduoduo in Q2 2023, an estimated $26.4M increase.
- Tiger Pacific Capital's biggest Q2 2023 reduction was KE Holdings, cutting an estimated $32.1M.
- Tiger Pacific Capital fully exited Baidu in Q2 2023, selling an estimated $39.5M.
- Tiger Pacific Capital's ten largest holdings make up 99% of its $367M portfolio in Q2 2023.
- Tiger Pacific Capital opened 2 new positions and closed 4 in Q2 2023.
- Tiger Pacific Capital's portfolio value fell 22% quarter-over-quarter to $367M.
Based on Tiger Pacific Capital's 13F filing for Q2 2023, filed 14 Aug 2023.