Tiger Pacific Capital LP's Q1 2024 13F: 1 new position, 3 exits
Form 13F-HR for the quarter ended Mar 31, 2024 · filed May 15, 2024 · 13 reported positions · accession 0001085146-24-002497
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | KANZHUN LIMITED (BZ) | 8.9% | 1.7% | −7.2 pts | −2.1M sh | −84% |
| Reduced | TAL EDUCATION GROUP (TAL) | 26.4% | 21.8% | −4.6 pts | −1.56M sh | −16% |
| New | AMER SPORTS INC (AS) | — | 3.8% | +3.8 pts | +1M sh | new |
| Increased | GAOTU TECHEDU INC (GOTU) | 2.3% | 7.7% | +5.4 pts | +2.11M sh | +72% |
| Reduced | QIFU TECHNOLOGY INC (QFIN) | 9.7% | 9.7% | +0.1 pts | −593K sh | −21% |
| Exited | LI AUTO INC (LI) | 2.4% | — | −2.4 pts | −305K sh | −100% |
| Increased | NEW ORIENTAL ED & TECHNOLOGY (EDU) | 1.9% | 3.8% | +2.0 pts | +69,289 sh | +57% |
| Reduced | RLX TECHNOLOGY INC (RLX) | 3.5% | 2.4% | −1.0 pts | −2.65M sh | −33% |
| Reduced | PDD HOLDINGS INC (PDD) | 2.5% | 1.4% | −1.2 pts | −30,335 sh | −37% |
| Reduced | ZTO EXPRESS CAYMAN INC (ZTO) | 23.1% | 24.1% | +1.0 pts | −132K sh | −3% |
| Exited | MITSUBISHI UFJ FINL GROUP IN (MUFG) | 0.2% | — | −0.2 pts | −126K sh | −100% |
| Increased | TAIWAN SEMICONDUCTOR MFG LTD (TSM) | 10.4% | 15.0% | +4.6 pts | +5,327 sh | +1% |
| Exited | SUMITOMO MITSUI FINL GROUP I (SMFG) | 0.1% | — | −0.1 pts | −66,098 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 — 96.1% of the equity book
Changes in the top 10 this quarter: EDU entered · AS entered · CPNG entered · BZ left · PDD left · LI left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | ZTO EXPRESS CAYMAN INC (ZTO) | 23.1% | 24.1% | |
| 2 | TAL EDUCATION GROUP (TAL) | 26.4% | 21.8% | |
| 3 | TAIWAN SEMICONDUCTOR MFG LTD (TSM) | 10.4% | 15.0% | |
| 4 | QIFU TECHNOLOGY INC (QFIN) | 9.7% | 9.7% | |
| 5 | GAOTU TECHEDU INC (GOTU) | 2.3% | 7.7% | |
| 6 | NOAH HLDGS LTD (NOAH) | 5.5% | 5.0% | |
| 7 | NEW ORIENTAL ED & TECHNOLOGY (EDU) | 1.9% | 3.8% | Entered the top 10 |
| 8 | AMER SPORTS INC (AS) | 0.0% | 3.8% | Entered the top 10 |
| 9 | COUPANG INC (CPNG) | 2.3% | 2.7% | Entered the top 10 |
| 10 | RLX TECHNOLOGY INC (RLX) | 3.5% | 2.4% | |
| — | KANZHUN LIMITED (BZ) | 8.9% | 1.7% | Left the top 10 |
| — | PDD HOLDINGS INC (PDD) | 2.5% | 1.4% | Left the top 10 |
| — | LI AUTO INC (LI) | 2.4% | 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).