CIK 1565316
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2022-Q3. 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 |
|---|---|---|
| Diversified Consumer Services | 29.90% | 2 |
| Unclassified | 26.28% | 3 |
| Semiconductors & Semiconductor Equipment | 23.58% | 2 |
| Specialty Retail | 7.35% | 1 |
| Commercial Services & Supplies | 5.99% | 1 |
| Machinery | 3.02% | 1 |
| Hotels, Restaurants & Leisure | 2.08% | 1 |
| Automobiles & Components | 1.81% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | TAL | TAL Education Group | Consumer Discretionary | 24.78% |
| 2 | CHINDATA GROUP HLDGS LTD | Unclassified | 16.39% | |
| 3 | JKS | JinkoSolar Holding Co., Ltd. | Information Technology | 16.02% |
| 4 | SUMMIT HEALTHCRE ACQUISTN CO | Unclassified | 9.82% | |
| 5 | DQ | DAQO NEW ENERGY CORP. | Information Technology | 7.56% |
| 6 | VIPS | Vipshop Holdings Ltd | Consumer Discretionary | 7.35% |
| 7 | PDD | PDD Holdings Inc. | Industrials | 5.99% |
| 8 | EDU | New Oriental Education & Technology Group Inc. | Consumer Discretionary | 5.12% |
| 9 | ACMR | ACM Research, Inc. | Industrials | 3.02% |
| 10 | HTHT | H World Group Ltd | Consumer Discretionary | 2.08% |
9/12 names classified · sector 73.7% of weight · industry 73.7% · mkt cap 4.8%; 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: 73.7% of the book is sector-classified (unclassified names shown, never dropped).
Only 5% of book weight classified — the grid is NOT representative of the whole book.
Classified: 4.8% of book weight (2/10 names) · unclassified 95.2%: , TAL, JKS, DQ, VIPS, PDD, EDU, HTHT. 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 | TALTAL EDUCATION GROUP | 7,177,032 | $51M | 24.8% | HOLD |
| 2 | CHINDATA GROUP HLDGS LTD | 4,200,000 | $33M | 16.4% | ADD 11% |
| 3 | JKSJINKOSOLAR HLDG CO LTD | 800,000 | $33M | 16.0% | ADD 23% |
| 4 | SUMMIT HEALTHCRE ACQUISTN CO | 2,000,000 | $20M | 9.8% | NEW |
| 5 | DQDAQO NEW ENERGY CORP | 400,000 | $15M | 7.6% | TRIM −38% |
| 6 | VIPSVIPSHOP HLDGS LTD | 1,100,000 | $15M | 7.3% | NEW |
| 7 | PDDPDD HOLDINGS INC | 150,000 | $12M | 6.0% | NEW |
| 8 | EDUNEW ORIENTAL ED & TECHNOLOGY | 300,000 | $10M | 5.1% | ADD 50% |
| 9 | ACMRACM RESH INC | 800,000 | $6M | 3.0% | TRIM −78% |
| 10 | HTHTH WORLD GROUP LTD | 100,000 | $4M | 2.1% | NEW |
| 11 | TSLATESLA INC | 30,000 | $4M | 1.8% | NEW |
| 12 | SUMMIT HEALTHCARE A -CW23 | 500,000 | $135,000 | 0.1% | NEW |
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