CIK 1706018
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2024-Q4. 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 |
|---|---|---|
| Road & Rail | 60.03% | 1 |
| Software & IT Services | 13.77% | 1 |
| Banks | 9.16% | 1 |
| Diversified Consumer Services | 7.25% | 2 |
| Specialty Retail | 5.13% | 1 |
| Hotels, Restaurants & Leisure | 4.66% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | ZTO | ZTO EXPRESS (CAYMAN) INC | Industrials | 60.03% |
| 2 | BZ | Kanzhun Ltd | Information Technology | 13.77% |
| 3 | QFIN | Qfin Holdings, Inc. | Financials | 9.16% |
| 4 | EDU | New Oriental Education & Technology Group Inc. | Consumer Discretionary | 7.02% |
| 5 | MNSO | Miniso Group Holding Ltd | Consumer Discretionary | 5.13% |
| 6 | ATAT | Atour Lifestyle Holdings Ltd | Consumer Discretionary | 4.66% |
| 7 | TAL | TAL Education Group | Consumer Discretionary | 0.23% |
7/7 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 0.0%; 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: 100.0% of the book is sector-classified (unclassified names shown, never dropped).
Only 0% of book weight classified — the grid is NOT representative of the whole book.
Classified: 0.0% of book weight (0/7 names) · unclassified 100.0%: ZTO, BZ, QFIN, EDU, MNSO, ATAT, TAL. 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 | ZTOZTO EXPRESS CAYMAN INC | 5,056,987 | $100M | 60.0% | NEW |
| 2 | BZKANZHUN LIMITED | 1,200,199 | $23M | 13.8% | NEW |
| 3 | QFINQFIN HOLDINGS INC | 340,849 | $15M | 9.2% | NEW |
| 4 | EDUNEW ORIENTAL ED & TECHNOLOGY | 245,498 | $12M | 7.0% | NEW |
| 5 | MNSOMINISO GROUP HLDG LTD | 463,450 | $9M | 5.1% | NEW |
| 6 | ATATATOUR LIFESTYLE HLDGS LTD | 275,000 | $8M | 4.7% | NEW |
| 7 | TALTAL EDUCATION GROUP | 28,955 | $382,496 | 0.2% | NEW |
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