CIK 1511381
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2020-Q1. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.
As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).
Computing…
Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.
| Industry group | Weight | Names |
|---|---|---|
| Specialty Retail | 25.57% | 3 |
| Unclassified | 20.74% | 4 |
| Commercial Services & Supplies | 19.46% | 1 |
| Hotels, Restaurants & Leisure | 12.92% | 1 |
| Media & Entertainment | 11.25% | 1 |
| Banks | 8.94% | 1 |
| Chemicals | 0.45% | 2 |
| Metals & Mining | 0.42% | 1 |
| Entertainment | 0.25% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | MELI | MERCADOLIBRE INC | Industrials | 19.46% |
| 2 | YUMC | Yum China Holdings, Inc. | Consumer Discretionary | 12.92% |
| 3 | JD | JD.Com, Inc. | Consumer Discretionary | 12.62% |
| 4 | IQ | iQIYI, Inc. | Communication Services | 11.25% |
| 5 | VIPS | Vipshop Holdings Ltd | Consumer Discretionary | 9.57% |
| 6 | BAP | Credicorp Ltd | Financials | 8.94% |
| 7 | MMYT | MAKEMYTRIP LIMITED MAURITIUS | Unclassified | 6.91% |
| 8 | DESPEGAR COM CORP | Unclassified | 5.99% | |
| 9 | 58 COM INC | Unclassified | 4.88% | |
| 10 | JMIA | Jumia Technologies AG | Consumer Discretionary | 3.38% |
11/15 names classified · sector 79.3% of weight · industry 79.3% · mkt cap 33.5%; unclassified names shown, never dropped.
Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 79.3% of the book is sector-classified (unclassified names shown, never dropped).
Only 34% of book weight classified — the grid is NOT representative of the whole book.
Classified: 33.5% of book weight (6/14 names) · unclassified 66.5%: JD, IQ, , VIPS, BAP, MMYT, JMIA, IBN. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.
No contribution data for this period.
| # | Security | Shares | Value | Weight | Δ QoQ |
|---|---|---|---|---|---|
| 1 | MELIMERCADOLIBRE INC | 23,755 | $23M | 19.5% | TRIM −14% |
| 2 | YUMCYUM CHINA HLDGS INC | 323,507 | $16M | 12.9% | TRIM −17% |
| 3 | JDJD.COM INC | 252,275 | $15M | 12.6% | TRIM −18% |
| 4 | IQIQIYI INC | 583,639 | $14M | 11.2% | TRIM −15% |
| 5 | VIPSVIPSHOP HLDGS LTD | 578,241 | $12M | 9.6% | TRIM −62% |
| 6 | BAPCREDICORP LTD | 80,511 | $11M | 8.9% | TRIM −16% |
| 7 | MMYTMAKEMYTRIP LIMITED MAURITIUS | 542,304 | $8M | 6.9% | TRIM −55% |
| 8 | DESPEGAR COM CORP | 1,004,216 | $7M | 6.0% | TRIM −53% |
| 9 | 58 COM INC | 108,847 | $6M | 4.9% | TRIM −81% |
| 10 | JMIAJUMIA TECHNOLOGIES AG | 741,117 | $4M | 3.4% | ADD 19% |
| 11 | IBNICICI BANK LIMITED | 383,160 | $4M | 3.0% | TRIM −69% |
| 12 | NEMNEWMONT CORP | 8,129 | $502,000 | 0.4% | TRIM −99% |
| 13 | NKENIKE INC | 3,471 | $340,000 | 0.3% | TRIM −100% |
| 14 | DISDISNEY WALT CO | 2,715 | $302,000 | 0.3% | TRIM −99% |
| 15 | ELLAUDER ESTEE COS INC | 1,084 | $205,000 | 0.2% | TRIM −99% |
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