CIK 1577133
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2020-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 |
|---|---|---|
| Commercial Services & Supplies | 38.12% | 5 |
| Software & IT Services | 16.59% | 6 |
| Road & Rail | 9.10% | 1 |
| Software | 7.44% | 5 |
| Semiconductors & Semiconductor Equipment | 6.79% | 4 |
| Diversified Consumer Services | 5.75% | 2 |
| Specialty Retail | 5.39% | 3 |
| Technology Hardware & Equipment | 5.36% | 1 |
| Automobiles & Components | 2.98% | 1 |
| Real Estate Management & Development | 1.23% | 1 |
| Chemicals | 0.67% | 1 |
| Pharmaceuticals & Biotechnology | 0.19% | 2 |
| Banks | 0.17% | 1 |
| Food & Staples Retailing | 0.08% | 1 |
| Unclassified | 0.08% | 4 |
| Electrical Equipment & Components | 0.05% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | PDD | PDD Holdings Inc. | Industrials | 26.13% |
| 2 | SE | Sea Ltd | Industrials | 9.74% |
| 3 | META | Meta Platforms, Inc. | Communication Services | 9.54% |
| 4 | ZTO | ZTO EXPRESS (CAYMAN) INC | Industrials | 9.10% |
| 5 | TSM | Taiwan Semiconductor Manufacturing Co Ltd | Information Technology | 6.55% |
| 6 | TAL | TAL Education Group | Consumer Discretionary | 5.44% |
| 7 | AAPL | Apple Inc. | Information Technology | 5.36% |
| 8 | NTES | Netease, Inc. | Information Technology | 4.29% |
| 9 | VIPS | Vipshop Holdings Ltd | Consumer Discretionary | 3.79% |
| 10 | BILI | Bilibili Inc. | Information Technology | 3.57% |
35/39 names classified · sector 99.9% of weight · industry 99.9% · mkt cap 23.7%; 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: 99.9% of the book is sector-classified (unclassified names shown, never dropped).
Only 23% of book weight classified — the grid is NOT representative of the whole book.
Classified: 23.5% of book weight (12/36 names) · unclassified 76.5%: PDD, SE, ZTO, TSM, TAL, NTES, VIPS, BILI, BABA, BIDU +14 more. 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 | PDDPDD HOLDINGS INC | 6,403,552 | $1.1B | 26.1% | ADD 95% |
| 2 | SESEA LTD | 2,129,532 | $424M | 9.7% | ADD 3% |
| 3 | METAMETA PLATFORMS INC | 1,520,670 | $415M | 9.5% | TRIM −24% |
| 4 | ZTOZTO EXPRESS CAYMAN INC | 13,588,116 | $396M | 9.1% | TRIM −11% |
| 5 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 2,615,770 | $285M | 6.6% | ADD 856% |
| 6 | TALTAL EDUCATION GROUP | 3,312,033 | $237M | 5.4% | ADD 60% |
| 7 | AAPLAPPLE INC | 1,759,205 | $233M | 5.4% | ADD 215% |
| 8 | NTESNETEASE COM INC | 1,951,320 | $187M | 4.3% | ADD 400% |
| 9 | VIPSVIPSHOP HLDGS LTD | 5,862,984 | $165M | 3.8% | TRIM −35% |
| 10 | BILIBILIBILI INC | 1,812,258 | $155M | 3.6% | ADD 19% |
| 11 | TSLATESLA INC | 183,980 | $130M | 3.0% | NEW |
| 12 | MSFTMICROSOFT CORP | 532,051 | $118M | 2.7% | TRIM −2% |
| 13 | BABAALIBABA GROUP HLDG LTD | 380,421 | $89M | 2.0% | TRIM −69% |
| 14 | BIDUBAIDU INC | 338,582 | $73M | 1.7% | ADD 562% |
| 15 | BEKEKE HLDGS INC | 872,655 | $54M | 1.2% | ADD 24% |
| 16 | JDJD.COM INC | 465,537 | $41M | 0.9% | TRIM −82% |
| 17 | SYSO YOUNG INTERNATIONAL INC | 3,597,080 | $40M | 0.9% | TRIM −6% |
| 18 | GOOGLALPHABET INC | 20,860 | $37M | 0.8% | HOLD |
| 19 | ALBALBEMARLE CORP | 198,750 | $29M | 0.7% | NEW |
| 20 | AMZNAMAZON COM INC | 8,863 | $29M | 0.7% | HOLD |
| 21 | DAOYOUDAO INC | 501,969 | $13M | 0.3% | TRIM −44% |
| 22 | SHOPSHOPIFY INC | 9,263 | $10M | 0.2% | HOLD |
| 23 | UBERUBER TECHNOLOGIES INC | 155,072 | $8M | 0.2% | TRIM −76% |
| 24 | HTTHIGH TEMPLAR TECHNOLOGY LTD | 5,472,601 | $8M | 0.2% | HOLD |
| 25 | ZLABZAI LAB LTD | 37,015 | $5M | 0.1% | HOLD |
| 26 | NOWSERVICENOW INC | 8,421 | $5M | 0.1% | ADD 32% |
| 27 | JKSJINKOSOLAR HLDG CO LTD | 66,650 | $4M | 0.1% | ADD 485% |
| 28 | NVDANVIDIA CORPORATION | 7,282 | $4M | 0.1% | ADD 85% |
| 29 | XYZBLOCK INC | 17,300 | $4M | 0.1% | NEW |
| 30 | YI111 INC | 501,852 | $3M | 0.1% | HOLD |
| 31 | HCMHUTCHMED CHINA LTD | 100,169 | $3M | 0.1% | HOLD |
| 32 | DQDAQO NEW ENERGY CORP | 39,690 | $2M | 0.1% | ADD 24% |
| 33 | BLDPBALLARD PWR SYS INC NEW | 96,100 | $2M | 0.1% | NEW |
| 34 | ALTERYX INC | 18,000 | $2M | 0.1% | HOLD |
| 35 | VNETVNET GROUP INC | 57,913 | $2M | 0.0% | ADD 28% |
| 36 | ABNBAIRBNB INC | 10,300 | $2M | 0.0% | NEW |
| 37 | X FINL SPONSORED ADS | 315,728 | $631,000 | 0.0% | TRIM −67% |
| 38 | CREE INC | 3,150 | $334,000 | 0.0% | NEW |
| 39 | CONCORD MED SVCS HLDGS LTD SPON ADR NEW | 113,549 | $311,000 | 0.0% | HOLD |
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