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Polunin Capital Partners Ltd
10 CAVALRY SQUARE, LONDON, X0 SW3 4RB • 02078248800
Market Value
$680M
+11.1%
Holdings
29
+2
New Purchases
2
Added To
5
Closed
5
Reduced
11
Top 10 Concentration
92.2%
Turnover
24.1%
Top Buys (by % of Portfolio)
| Symbol | Cur % | Prior % | Chg % | Value |
|---|---|---|---|---|
| BABA | 38.20% | 25.18% | +13.02% | $260M |
| DQ | 5.47% | 0.00% | +5.47% | $37M |
| BIDU | 8.61% | 5.07% | +3.54% | $59M |
| BVN | 1.80% | 1.32% | +0.47% | $12M |
| HUYA | 1.21% | 0.84% | +0.37% | $8M |
| NIU | 0.97% | 0.62% | +0.35% | $7M |
| PAGS | 6.10% | 5.77% | +0.32% | $41M |
| CGAU | 0.86% | 0.61% | +0.25% | $6M |
| CAN | 0.25% | 0.16% | +0.09% | $2M |
| BZUN | 0.06% | 0.00% | +0.06% | $424K |
| QD | 0.16% | 0.13% | +0.03% | $1M |
| KWEB | 0.26% | 0.23% | +0.03% | $2M |
| LU | 0.05% | 0.04% | +0.01% | $359K |
| ASHR | 0.20% | 0.19% | +0.01% | $1M |
Top Sells (by % of Portfolio)
| Symbol | Cur % | Prior % | Chg % | Value |
|---|---|---|---|---|
| BRFS | 0.00% | 10.92% | -10.92% | $0 |
| UGP | 0.00% | 5.13% | -5.13% | $0 |
| HSAI | 0.00% | 4.40% | -4.40% | $0 |
| WB | 0.00% | 0.90% | -0.90% | $0 |
| JD | 10.26% | 10.89% | -0.63% | $70M |
| YMM | 6.19% | 6.74% | -0.55% | $42M |
| ATHM | 4.82% | 5.23% | -0.41% | $33M |
| STNE | 8.88% | 9.23% | -0.36% | $60M |
| HIMX | 0.94% | 1.14% | -0.20% | $6M |
| RYAAY | 1.84% | 2.02% | -0.18% | $13M |
| TAL | 0.00% | 0.16% | -0.16% | $0 |
| MX | 0.16% | 0.24% | -0.07% | $1M |
| JOYY | 1.41% | 1.47% | -0.06% | $10M |
| MOMO | 0.98% | 1.01% | -0.04% | $7M |
| DOYU | 0.32% | 0.35% | -0.03% | $2M |
Sector Allocation Over Time
Industry Breakdown
| Industry | Weight |
|---|---|
| Technology | 50.9% |
| Consumer Cyclical | 27.4% |
| Communication Services | 13.5% |
| Energy | 6.6% |
| Basic Materials | 1.2% |
Market Cap Concentration
| Tier | Holdings | Value | Weight |
|---|---|---|---|
| Mega Cap | 1 | $260M | 38.2% |
| Large Cap | 3 | $141M | 20.7% |
| Mid Cap | 12 | $180M | 26.4% |
| Small Cap | 8 | $88M | 12.9% |
| Micro Cap | 5 | $12M | 1.8% |
Portfolio Analytics
Avg Market Cap
$14.3B
Median Market Cap
$2.3B
Avg P/E
15.4
Median P/E
8.1
Avg Dividend Yield
0.04%
Avg Beta
0.82
# Stocks
27
# ETFs / Funds
2
Top Holdings (29 total)
| # | Symbol | % Port | Shares | Value | Avg Price | Q/Q Value Chg | Share Chg | Chg % | Status |
|---|---|---|---|---|---|---|---|---|---|
| 1 | BABA | 38.20% | 1,381,634 | $260M | $188.03 | $106M | -45,000 | -3.1% | |
| 2 | JD | 10.26% | 1,971,856 | $70M | $35.40 | $3M | -66,000 | -3.2% | |
| 3 | STNE | 8.88% | 3,359,188 | $60M | $17.97 | $4M | -105,100 | -3.0% | |
| 4 | BIDU | 8.61% | 412,368 | $59M | $142.00 | $28M | +68,496 | +19.9% | |
| 5 | YMM | 6.19% | 3,145,346 | $42M | $13.38 | $846K | -101,800 | -3.1% | |
| 6 | PAGS | 6.10% | 4,433,460 | $41M | $9.35 | $6M | +598,089 | +15.6% | |
| 7 | DQ | 5.47% | 1,283,958 | $37M | $28.96 | — | +1,283,958 | — | NEW |
| 8 | ATHM | 4.82% | 1,153,215 | $33M | $28.43 | $758K | -36,100 | -3.0% | |
| 9 | RYAAY | 1.84% | 210,331 | $13M | $59.50 | $139K | — | — | |
| 10 | BVN | 1.80% | 499,281 | $12M | $24.49 | $4M | — | — | |
| 11 | JOYY | 1.41% | 163,430 | $10M | $58.71 | $610K | -3,947 | -2.4% | |
| 12 | HUYA | 1.21% | 2,512,935 | $8M | $3.28 | $3M | +434,263 | +20.9% | |
| 13 | MOMO | 0.98% | 889,369 | $7M | $7.47 | $441K | +182,874 | +25.9% | |
| 14 | NIU | 0.97% | 1,460,883 | $7M | $4.52 | $3M | +388,821 | +36.3% | |
| 15 | HIMX | 0.94% | 739,368 | $6M | $8.63 | -$603K | -18,900 | -2.5% | |
| 16 | CGAU | 0.86% | 515,715 | $6M | $11.36 | $2M | -13,400 | -2.5% | |
| 17 | DOYU | 0.32% | 293,430 | $2M | $7.44 | $40K | -10,100 | -3.3% | |
| 18 | KWEB | 0.26% | 41,100 | $2M | $42.65 | $335K | — | — | |
| 19 | CAN | 0.25% | 1,304,841 | $2M | $1.31 | $746K | -41,300 | -3.1% | |
| 20 | ASHR | 0.20% | 40,845 | $1M | $32.95 | $204K | — | — | |
| 21 | MX | 0.16% | 348,095 | $1M | $3.20 | -$331K | -10,400 | -2.9% | |
| 22 | QD | 0.16% | 241,154 | $1M | $4.45 | $294K | — | — | |
| 23 | BZUN | 0.06% | 107,623 | $424K | $3.94 | — | +107,623 | — | NEW |
| 24 | LU | 0.05% | 89,626 | $359K | $4.01 | $113K | — | — | |
| 25 | UGP | —% | — | — | — | -$31M | -9,457,242 | -100.0% | SOLD |
| 26 | TAL | —% | — | — | — | -$966K | -92,426 | -100.0% | SOLD |
| 27 | WB | —% | — | — | — | -$5M | -561,050 | -100.0% | SOLD |
| 28 | HSAI | —% | — | — | — | -$27M | -1,180,242 | -100.0% | SOLD |
| 29 | BRFS | —% | — | — | — | -$67M | -16,829,511 | -100.0% | SOLD |