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TIAM
TT International Asset Management Portfolio holdings
AUM
$783M
1-Year Est. Return
104.75%
This Fund
S&P 500
This Quarter
Est. Return
+8.37%
1 Year Est. Return
+104.75%
3 Year Est. Return
+308.42%
5 Year Est. Return
+195.81%
10 Year Est. Return
–
AUM
$601M
AUM Growth
-$312M
(-34%)
Cap. Flow
-$325M
Cap. Flow
% of AUM
-53.96%
Top 10 Holdings %
Top 10 Hldgs %
80.03%
Holding
58
New
7
Increased
9
Reduced
20
Closed
19
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Mercado Libre
MELI
|
+$48.5M |
| 2 |
Baidu
BIDU
|
+$20.5M |
| 3 |
Vista Energy
VIST
|
+$15.5M |
| 4 |
Grupo Aeroportuario del Sureste
ASR
|
+$9.59M |
| 5 |
MakeMyTrip
MMYT
|
+$9.56M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JD.com
JD
|
+$59.7M |
| 2 |
Alibaba
BABA
|
+$55.3M |
| 3 |
Vale
VALE
|
+$54.9M |
| 4 |
XP
XP
|
+$48.6M |
| 5 |
Kanzhun
BZ
|
+$39.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 24.65% |
| 2 | Consumer Discretionary | 15.06% |
| 3 | Technology | 15.03% |
| 4 | Materials | 14.29% |
| 5 | Energy | 13.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Qfin Holdings
QFIN
$1.69B
| $87.4M | 14.53% |
5,055,516
-125,666
| -2% | -$2.11M |
|
2
TSMC
TSM
$2.1T
| $83.1M | 13.82% |
823,823
-342,291
| -29% | -$31.9M |
|
3
AngloGold Ashanti
AU
$40.1B
| $66.7M | 11.08% |
3,160,295
-695,743
| -18% | -$17.5M |
|
|
4
XP
XP
$8.81B
| $49.1M | 8.16% |
2,091,736
-2,863,411
| -58% | -$48.6M |
|
|
5
Mercado Libre
MELI
$95.2B
| $45.7M | 7.59% |
+38,557
| New | +$48.5M |
|
6
YPF
YPF
$20.6B
| $42.5M | 7.06% |
2,852,343
-100,499
| -3% | -$1.22M |
|
|
7
Vista Energy
VIST
$7.84B
| $28.4M | 4.72% |
1,175,889
+710,858
| +153% | +$15.5M |
|
|
8
Baidu
BIDU
$37.7B
| $21.5M | 3.57% |
+156,755
| New | +$20.5M |
|
|
9
Grupo Aeroportuario del Sureste
ASR
$8.27B
| $18.6M | 3.09% |
67,022
+33,233
| +98% | +$9.59M |
|
|
10
Alibaba
BABA
$293B
| $17.1M | 2.84% |
205,104
-631,395
| -75% | -$55.3M |
|
11
Ternium
TX
$9.67B
| $17M | 2.83% |
429,532
-15,257
| -3% | -$615K |
|
|
VLRS
12
Controladora Vuela Compania de Aviacion
VLRS
$900M
| $13.1M | 2.18% |
939,591
-513,081
| -35% | -$6.6M |
|
13
ICICI Bank
IBN
$108B
| $11.8M | 1.96% |
511,696
-70,415
| -12% | -$1.59M |
|
|
14
MakeMyTrip
MMYT
$5.36B
| $10M | 1.67% |
+372,480
| New | +$9.56M |
|
|
DADA
15
DELISTED
Dada Nexus
DADA
| $9.52M | 1.58% |
1,792,001
+876,800
| +96% | +$5.31M |
|
16
Transportadora de Gas del Sur
TGS
$4.79B
| $7.57M | 1.26% |
549,183
+336,963
| +159% | +$4.05M |
|
|
17
JD.com
JD
$44.6B
| $6.7M | 1.11% |
196,187
-1,641,915
| -89% | -$59.7M |
|
18
Ryanair
RYAAY
$30.4B
| $4.18M | 0.7% |
94,585
-48,545
| -34% | -$1.96M |
|
|
NOVA
19
DELISTED
Sunnova Energy
NOVA
| $2.51M | 0.42% |
136,964
-19,659
| -13% | -$333K |
|
20
Ecolab
ECL
$78.1B
| $2.26M | 0.38% |
12,132
-14,725
| -55% | -$2.53M |
|
21
Xylem
XYL
$27.3B
| $2.16M | 0.36% |
+19,208
| New | +$2.03M |
|
|
NETI
22
DELISTED
Eneti Inc.
NETI
| $2.15M | 0.36% |
177,772
+19,147
| +12% | +$187K |
|
23
Weyerhaeuser
WY
$18B
| $2.02M | 0.34% |
60,182
-57,249
| -49% | -$1.72M |
|
24
ON Semiconductor
ON
$31.8B
| $1.96M | 0.33% |
20,734
+13,341
| +180% | +$1.1M |
|
25
Owens Corning
OC
$11.2B
| $1.63M | 0.27% |
12,471
-9,899
| -44% | -$1.08M |
|
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TT International Asset Management's Q2 2023 Portfolio in Review
As of Q2 2023, TT International Asset Management held 58 positions worth $601M, down 34% from $913M the previous quarter. Its ten largest holdings account for 80% of the portfolio.
TT International Asset Management withdrew a net $325M in Q2 2023, closing 19 positions and reducing 20 holdings. Its most notable exit was Vale, an estimated $54.9M position sold in full.
By sector, the portfolio is most concentrated in Financials at 25% of assets, up from 23% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, TT International Asset Management opened a new position in Mercado Libre worth $45.7M.
- TT International Asset Management's largest Q2 2023 buy was Mercado Libre: 38,557 shares worth $45.7M.
- TT International Asset Management added most to Vista Energy in Q2 2023, an estimated $15.5M increase.
- TT International Asset Management's biggest Q2 2023 reduction was JD.com, cutting an estimated $59.7M.
- TT International Asset Management fully exited Vale in Q2 2023, selling an estimated $54.9M.
- TT International Asset Management's ten largest holdings make up 80% of its $601M portfolio in Q2 2023.
- TT International Asset Management opened 7 new positions and closed 19 in Q2 2023.
- TT International Asset Management's portfolio value fell 34% quarter-over-quarter to $601M.
Based on TT International Asset Management's 13F filing for Q2 2023, filed 1 Aug 2023.