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Top Ace Asset Management Portfolio holdings

AUM $25.3M
1-Year Est. Return 23.27%
This Fund
S&P 500
This Quarter Est. Return
-18.01%
1 Year Est. Return
+23.27%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$70.6M
AUM Growth
-$34.2M
Cap. Flow
-$14.2M
Cap. Flow %
-20.12%
Top 10 Hldgs %
73.36%
Holding
25
New
4
Increased
3
Reduced
3
Closed
5

Top Buys

Rank Stock Value
1
BHC icon
Bausch Health
BHC
+$7.4M
2
NTES icon
NetEase
NTES
+$5.99M
3
MTBL
Moatable, Inc. American Depositary Share (each representing forty-five (45) Class A Ordinary Shares)
MTBL
+$1.59M
4
SDRL
Seadrill Limited Common Stock
SDRL
+$1.35M
5
HCR
Hi-Crush Inc. Common Stock
HCR
+$985K

Top Sells

Rank Stock Value
1
QIHU
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
+$9.46M
2
C icon
Citigroup
C
+$6.21M
3
SOHU
Sohu.com
SOHU
+$4.58M
4
USO icon
United States Oil Fund
USO
+$4.4M
5
VNET
VNET Group
VNET
+$4.32M

Sector Composition

Rank Sector Weight
1 Communication Services 35.26%
2 Technology 21.4%
3 Industrials 10.3%
4 Healthcare 8.06%
5 Materials 3.87%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VNET
1
VNET Group
VNET
$2.12B
$11M 15.53%
548,994
-226,309
-29% -$4.32M
MOMO
2
Hello Group
MOMO
$872M
$7.87M 11.15%
700,000
– –
FENG
3
Phoenix New Media
FENG
$16.8M
$6.33M 8.97%
236,974
– –
NTES icon
4
NetEase
NTES
$76.9B
$5.74M 8.14%
+200,000
New +$5.99M
YDKG
5
Yueda Digital Holding
YDKG
$5.03M
$4.95M 7.01%
442
-8
-2% -$87.6K
STV
6
DELISTED
China Digital Tv Hldgs Co Ltd
STV
$3.48M 4.93%
2,302,169
– –
SOXS icon
7
Direxion Daily Semiconductor Bear 3X ETF
SOXS
$1.67B
– –
0
– –
JMEI
8
DELISTED
Jumei International Holding Limited American depositary shares, each representing ten Class A ordina
JMEI
$3.25M 4.61%
50,000
– –
LFWD icon
9
ReWalk Robotics
LFWD
$20.4M
$3.06M 4.33%
155
– –
BLDP
10
Ballard Power Systems
BLDP
$859M
$2.81M 3.99%
2,010,092
– –
HCR
11
DELISTED
Hi-Crush Inc. Common Stock
HCR
$2.73M 3.87%
550,000
+200,000
+57% +$985K
BHC icon
12
Bausch Health
BHC
$1.67B
$2.63M 3.73%
+100,000
New +$7.4M
CXDC
13
DELISTED
China XD Plastics Company Limited
CXDC
$2.58M 3.65%
800,000
-200,000
-20% -$642K
XNET
14
Xunlei
XNET
$359M
$2.5M 3.55%
410,000
– –
KZ
15
DELISTED
KongZhong Corporation
KZ
$1.79M 2.54%
250,000
+46,700
+23% +$336K
SDRL
16
DELISTED
Seadrill Limited Common Stock
SDRL
$1.65M 2.34%
+1,867
New +$1.35M
MTBL
17
DELISTED
Moatable, Inc. American Depositary Share (each representing forty-five (45) Class A Ordinary Shares)
MTBL
$1.64M 2.32%
+333,333
New +$1.59M
EJ
18
DELISTED
E HOUSE (CHINA) HOLDINGS LIMITED
EJ
$1.24M 1.76%
200,000
– –
MY
19
DELISTED
CHINA MING YANG WIND PWR GRP LTD ADS RSPTG 1 ORD SHS (CHINA)
MY
$1.2M 1.7%
500,000
– –
JRJC
20
DELISTED
China Finance Online Co., Ltd.
JRJC
$837K 1.19%
16,500
+8,597
+109% +$445K
C icon
21
Citigroup
C
$222B
– –
-120,000
Closed -$6.21M
SOHU
22
Sohu.com
SOHU
$335M
– –
-80,000
Closed -$4.58M
USO icon
23
United States Oil Fund
USO
$2.41B
– –
-50,000
Closed -$4.4M
TWX
24
DELISTED
Time Warner Inc
TWX
– –
-40,000
Closed -$2.59M
QIHU
25
DELISTED
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
– –
-130,000
Closed -$9.46M

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BRC
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BEP
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VNB
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FCMI
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IVM
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Top Ace Asset Management's Q1 2016 Portfolio in Review

As of Q1 2016, Top Ace Asset Management held 25 positions worth $70.6M, down 33% from $105M the previous quarter. Its ten largest holdings account for 73% of the portfolio.

Top Ace Asset Management withdrew a net $14.2M in Q1 2016, closing 5 positions and reducing 3 holdings. Its most notable exit was QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS, an estimated $9.46M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 35% of assets, up from 31% a quarter earlier, followed by Technology and Industrials.

Against the trend, Top Ace Asset Management opened a new position in Bausch Health worth $2.63M.

  • Top Ace Asset Management's largest Q1 2016 buy was Bausch Health: 100,000 shares worth $2.63M.
  • Top Ace Asset Management added most to Hi-Crush Inc. Common Stock in Q1 2016, an estimated $985K increase.
  • Top Ace Asset Management's biggest Q1 2016 reduction was VNET Group, cutting an estimated $4.32M.
  • Top Ace Asset Management fully exited QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS in Q1 2016, selling an estimated $9.46M.
  • Top Ace Asset Management's ten largest holdings make up 73% of its $70.6M portfolio in Q1 2016.
  • Top Ace Asset Management opened 4 new positions and closed 5 in Q1 2016.
  • Top Ace Asset Management's portfolio value fell 33% quarter-over-quarter to $70.6M.

Based on Top Ace Asset Management's 13F filing for Q1 2016, filed 26 Apr 2016.