Harvest Fund Management Co Ltd's Q1 2023 13F: 99 new positions, 130 exits
Form 13F-HR for the quarter ended Mar 31, 2023 · filed May 11, 2023 · 711 reported positions · accession 0001640161-23-000002
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Increased | Yum China Holdings Inc (YUMC) | 2.1% | 4.1% | +2.0 pts | +143K sh | +94% |
| Increased | NVIDIA Corp (NVDA) | 1.3% | 3.8% | +2.4 pts | +25,805 sh | +72% |
| Reduced | Dada Nexus Ltd (DADA) | 2.3% | 0.9% | −1.4 pts | −846K sh | −64% |
| Increased | Kanzhun Ltd (BZ) | 3.1% | 3.9% | +0.8 pts | +342K sh | +57% |
| Increased | Alibaba Group Holding Ltd (BABA) | 3.3% | 4.7% | +1.3 pts | +60,845 sh | +41% |
| Increased | New Oriental Education & Techn (EDU) | 2.5% | 3.5% | +1.0 pts | +133K sh | +48% |
| Increased | Pinduoduo Inc (PDD) | 9.6% | 8.7% | −0.9 pts | +65,298 sh | +14% |
| Reduced | Trip.com Group Ltd (TCOM) | 2.3% | 1.2% | −1.1 pts | −121K sh | −46% |
| Exited | Daqo New Energy Corp (DQ) | 0.6% | — | −0.6 pts | −58,182 sh | −100% |
| Increased | Alphabet Inc (GOOGL) | 2.0% | 2.6% | +0.5 pts | +23,386 sh | +26% |
| Increased | Amazon.com Inc (AMZN) | 1.8% | 2.3% | +0.5 pts | +16,671 sh | +20% |
| Increased | Tesla Inc (TSLA) | 1.0% | 1.9% | +0.8 pts | +8,164 sh | +25% |
| Increased | Microsoft Corp (MSFT) | 5.3% | 5.8% | +0.5 pts | +5,736 sh | +7% |
| Reduced | Berkshire Hathaway Inc (BRK-B) | 0.4% | 0.1% | −0.4 pts | −4,507 sh | −85% |
| Increased | Meta Platforms Inc (META) | 0.2% | 0.6% | +0.4 pts | +6,342 sh | +87% |
| New | Technology Select Sector SPDR (XLK) | — | 0.3% | +0.3 pts | +7,980 sh | new |
| Increased | Advanced Micro Devices Inc (AMD) | 0.3% | 0.7% | +0.4 pts | +12,043 sh | +61% |
| Increased | TSMC (TSM) | 0.1% | 0.4% | +0.2 pts | +11,615 sh | +155% |
| Reduced | McKesson Corp (MCK) | 0.3% | 0.0% | −0.3 pts | −2,903 sh | −89% |
| Reduced | CVS Health Corp (CVS) | 0.3% | 0.0% | −0.3 pts | −13,193 sh | −97% |
| Reduced | Lockheed Martin Corp (LMT) | 0.4% | 0.1% | −0.3 pts | −2,020 sh | −67% |
| Reduced | Exxon Mobil Corp (XOM) | 0.3% | 0.1% | −0.3 pts | −8,571 sh | −76% |
| Increased | JD.com Inc (JD) | 1.7% | 1.3% | −0.3 pts | +20,705 sh | +18% |
| Increased | Adobe Inc (ADBE) | 0.3% | 0.5% | +0.2 pts | +2,268 sh | +69% |
| Reduced | Mastercard Inc (MA) | 0.6% | 0.4% | −0.2 pts | −2,211 sh | −31% |
| New | salesforce.com Inc (CRM) | — | 0.2% | +0.2 pts | +4,007 sh | new |
| Reduced | Chevron Corp (CVX) | 0.3% | 0.1% | −0.2 pts | −4,690 sh | −70% |
| Exited | Albertsons Cos Inc (ACI) | 0.2% | — | −0.2 pts | −30,334 sh | −100% |
| Reduced | Home Depot Inc/The (HD) | 0.5% | 0.3% | −0.2 pts | −2,164 sh | −35% |
| Reduced | UnitedHealth Group Inc (UNH) | 0.9% | 0.5% | −0.3 pts | −1,290 sh | −20% |
| Increased | Applied Materials Inc (AMAT) | 0.2% | 0.4% | +0.2 pts | +4,958 sh | +53% |
| Reduced | Coca-Cola Co/The (KO) | 0.5% | 0.3% | −0.2 pts | −9,585 sh | −32% |
| Reduced | Dillard's Inc (DDS) | 0.2% | 0.0% | −0.2 pts | −1,901 sh | −94% |
| Reduced | Netflix Inc (NFLX) | 0.4% | 0.3% | −0.1 pts | −1,676 sh | −32% |
| Increased | Alphabet Inc (GOOG) | 0.2% | 0.3% | +0.1 pts | +5,457 sh | +83% |
| Reduced | Cheniere Energy Inc (LNG) | 0.2% | 0.0% | −0.1 pts | −3,381 sh | −71% |
| Increased | Tencent Music Entertainment Gr (TME) | 1.6% | 1.5% | −0.1 pts | +64,346 sh | +9% |
| Reduced | Archer-Daniels-Midland Co (ADM) | 0.2% | 0.0% | −0.2 pts | −6,554 sh | −81% |
| Reduced | Costco Wholesale Corp (COST) | 0.7% | 0.6% | −0.2 pts | −1,024 sh | −16% |
| Reduced | Lowe's Cos Inc (LOW) | 0.3% | 0.2% | −0.2 pts | −2,471 sh | −41% |
| Reduced | Eli Lilly & Co (LLY) | 0.8% | 0.5% | −0.3 pts | −1,437 sh | −18% |
| Reduced | American Express Co (AXP) | 0.1% | 0.0% | −0.1 pts | −2,978 sh | −78% |
| Reduced | Ameriprise Financial Inc (AMP) | 0.2% | 0.1% | −0.1 pts | −1,584 sh | −52% |
| Increased | QUALCOMM Inc (QCOM) | 0.3% | 0.4% | +0.1 pts | +3,594 sh | +34% |
| Increased | Booking Holdings Inc (BKNG) | 0.1% | 0.3% | +0.1 pts | +170 sh | +60% |
| Increased | Uber Technologies Inc (UBER) | 0.0% | 0.1% | +0.1 pts | +14,176 sh | +614% |
| Increased | Airbnb Inc (ABNB) | 0.0% | 0.1% | +0.1 pts | +3,604 sh | +233% |
| Reduced | Goldman Sachs Group Inc/The (GS) | 0.2% | 0.0% | −0.1 pts | −1,367 sh | −70% |
| Reduced | General Dynamics Corp (GD) | 0.1% | 0.0% | −0.1 pts | −1,933 sh | −85% |
| Increased | KE Holdings Inc (BEKE) | 1.6% | 1.9% | +0.3 pts | +23,183 sh | +5% |
The 50 largest of 649 changes, by size of the trade. Full holdings for this quarter.
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
* Prior share counts adjusted or corrected for a stock split — changes are measured from the adjusted count:
- PACCAR Inc (PCAR): 489 shares as filed last quarter, 734 after adjustment → 2,823 now (prior share count adjusted for a stock split)
Top 10 positions — 45.3% of the equity book
Changes in the top 10 this quarter: YUMC entered · NVDA entered · GOOGL entered · DADA left · TCOM left · TAL left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | Pinduoduo Inc (PDD) | 9.6% | 8.7% | |
| 2 | Apple Inc (AAPL) | 5.4% | 5.8% | |
| 3 | Microsoft Corp (MSFT) | 5.3% | 5.8% | |
| 4 | Alibaba Group Holding Ltd (BABA) | 3.3% | 4.7% | |
| 5 | Yum China Holdings Inc (YUMC) | 2.1% | 4.1% | Entered the top 10 |
| 6 | Kanzhun Ltd (BZ) | 3.1% | 3.9% | |
| 7 | NVIDIA Corp (NVDA) | 1.3% | 3.8% | Entered the top 10 |
| 8 | New Oriental Education & Techn (EDU) | 2.5% | 3.5% | |
| 9 | Alphabet Inc (GOOGL) | 2.0% | 2.6% | Entered the top 10 |
| 10 | Futu Holdings Ltd (FUTU) | 2.2% | 2.4% | |
| — | Dada Nexus Ltd (DADA) | 2.3% | 0.9% | Left the top 10 |
| — | Trip.com Group Ltd (TCOM) | 2.3% | 1.2% | Left the top 10 |
| — | TAL Education Group (TAL) | 2.3% | 1.7% | 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).