BFAM Partners Cayman Ltd's Q1 2021 13F: 4 new positions, 5 exits
Form 13F-HR for the quarter ended Mar 31, 2021 · filed May 13, 2021 · 5 reported positions · accession 0001639101-21-000004
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | ALIBABA GROUP HLDG LTD (BABA) | 33.6% | 49.2% | +15.6 pts | −57,908 sh | −52% |
| Exited | APPLE INC (AAPL) | 34.1% | — | −34.1 pts | −199K sh | −100% |
| New | TAKEDA PHARMACEUTICAL CO LTD (TAK) | — | 24.2% | +24.2 pts | +329K sh | new |
| Exited | SPDR GOLD TR (GLD) | 18.4% | — | −18.4 pts | −80,000 sh | −100% |
| New | UNITED STATES STL CORP NEW (X) | — | 13.3% | +13.3 pts | +126K sh | new |
| New | VIPSHOP HOLDINGS LIMITED (VIPS) | — | 9.3% | +9.3 pts | +77,341 sh | new |
| Exited | CITIGROUP INC (C) | 8.0% | — | −8.0 pts | −100K sh | −100% |
| Exited | ZILLOW GROUP INC (Z) | 4.0% | — | −4.0 pts | −23,939 sh | −100% |
| New | MELCO RESORTS AND ENTMNT LTD (MLCO) | — | 4.0% | +4.0 pts | +50,000 sh | new |
| Exited | UNDER ARMOUR INC (UA) | 1.8% | — | −1.8 pts | −95,994 sh | −100% |
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 100.0% of the equity book
Changes in the top 10 this quarter: TAK entered · X entered · VIPS entered · MLCO entered · AAPL left · GLD left · C left · Z left · UA left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | ALIBABA GROUP HLDG LTD (BABA) | 33.6% | 49.2% | |
| 2 | TAKEDA PHARMACEUTICAL CO LTD (TAK) | 0.0% | 24.2% | Entered the top 10 |
| 3 | UNITED STATES STL CORP NEW (X) | 0.0% | 13.3% | Entered the top 10 |
| 4 | VIPSHOP HOLDINGS LIMITED (VIPS) | 0.0% | 9.3% | Entered the top 10 |
| 5 | MELCO RESORTS AND ENTMNT LTD (MLCO) | 0.0% | 4.0% | Entered the top 10 |
| — | APPLE INC (AAPL) | 34.1% | 0.0% | Left the top 10 |
| — | SPDR GOLD TR (GLD) | 18.4% | 0.0% | Left the top 10 |
| — | CITIGROUP INC (C) | 8.0% | 0.0% | Left the top 10 |
| — | ZILLOW GROUP INC (Z) | 4.0% | 0.0% | Left the top 10 |
| — | UNDER ARMOUR INC (UA) | 1.8% | 0.0% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| Exited | NIO INC (NIO) | Put | 3M | 0 | $0 |
| New | ISHARES TR (LQD) | Put | 0 | 800K | $104M |
| Exited | ISHARES SILVER TR (SLV) | Call | 3.5M | 0 | $0 |
| Exited | APPLE INC (AAPL) | Put | 600K | 0 | $0 |
| New | ISHARES TR (HYG) | Put | 0 | 750K | $65.4M |
| Exited | SPDR GOLD TR (GLD) | Call | 340K | 0 | $0 |
| Reduced | ALIBABA GROUP HLDG LTD (BABA) | Call | 380K | 230K | $52.1M |
| Exited | ALIBABA GROUP HLDG LTD (BABA) | Put | 150K | 0 | $0 |
| Exited | APPLE INC (AAPL) | Call | 252K | 0 | $0 |