TT International Asset Management LTD's Q3 2023 13F: 10 new positions, 7 exits
Form 13F-HR for the quarter ended Sep 30, 2023 · filed Nov 14, 2023 · 42 reported positions · accession 0001809187-23-000005
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | PETROLEO BRASILEIRO SA PETRO (PBR) | — | 10.9% | +10.9 pts | +4.88M sh | new |
| Exited | VISTA ENERGY S.A.B. DE C.V. (TCEHY) | 6.4% | — | −6.4 pts | −906K sh | −100% |
| Increased | MERCADOLIBRE INC (MELI) | 7.6% | 12.5% | +4.9 pts | +27,407 sh | +71% |
| Reduced | XP INC (XP) | 8.2% | 2.3% | −5.9 pts | −1.43M sh | −68% |
| Increased | VISTA ENERGY S.A.B. DE C.V. (VIST) | 4.7% | 9.2% | +4.5 pts | +844K sh | +72% |
| Increased | BAIDU INC (BIDU) | 3.6% | 6.6% | +3.0 pts | +171K sh | +109% |
| Exited | THOUGHTWORKS HOLDING INC (TX) | 2.8% | — | −2.8 pts | −430K sh | −100% |
| Increased | GRUPO AEROPORTUARIO DEL SURE (ASR) | 3.1% | 5.2% | +2.1 pts | +74,123 sh | +111% |
| New | FABRINET (FN) | — | 2.4% | +2.4 pts | +96,812 sh | new |
| New | ONTO INNOVATION INC (ONTO) | — | 2.2% | +2.2 pts | +116K sh | new |
| New | BANCO BRADESCO S A (BBD) | — | 2.2% | +2.2 pts | +5.07M sh | new |
| Reduced | TAIWAN SEMICONDUCTOR MFG LTD (TSM) | 13.8% | 9.3% | −4.6 pts | −111K sh | −13% |
| New | LUFAX HOLDING LTD (LU) | — | 1.0% | +1.0 pts | +6.49M sh | new |
| Reduced | MAKEMYTRIP LIMITED MAURITIUS (MMYT) | 1.7% | 1.6% | −0.1 pts | −114K sh | −31% |
| Reduced | JD.COM INC (JD) | 1.1% | 0.3% | −0.8 pts | −125K sh | −64% |
| Increased | YPF SOCIEDAD ANONIMA (YPF) | 7.1% | 5.7% | −1.3 pts | +277K sh | +10% |
| Increased | DADA NEXUS LTD (DADA) | 1.6% | 1.7% | +0.1 pts | +723K sh | +40% |
| Reduced | CONTROLADORA VUELA COMP DE A (VLRS) | 2.2% | 0.5% | −1.7 pts | −466K sh | −50% |
| Increased | RYANAIR HOLDINGS PLC (RYAAY) | 0.7% | 0.8% | +0.1 pts | +18,905 sh | +50% |
| Reduced | ICICI BANK LIMITED (IBN) | 2.0% | 1.5% | −0.5 pts | −79,411 sh | −16% |
| Reduced | WEYERHAEUSER CO MTN BE (WY) | 0.3% | 0.1% | −0.2 pts | −41,027 sh | −68% |
| Exited | TRANSPORTADORA DE GAS SUR (XPEV) | 0.2% | — | −0.2 pts | −84,195 sh | −100% |
| Increased | SUNNOVA ENERGY INTL INC. (NOVAQ) | 0.4% | 0.4% | 0.0 pts | +101K sh | +73% |
| New | TOPBUILD CORP (BLD) | — | 0.2% | +0.2 pts | +4,174 sh | new |
| Increased | XYLEM INC (XYL) | 0.4% | 0.4% | 0.0 pts | +10,621 sh | +55% |
| Increased | TRANSPORTADORA DE GAS SUR (TGS) | 1.3% | 1.0% | −0.3 pts | +92,599 sh | +17% |
| New | ENPHASE ENERGY INC (ENPH) | — | 0.1% | +0.1 pts | +7,480 sh | new |
| Reduced | ALIBABA GROUP HLDG LTD (BABA) | 2.8% | 2.5% | −0.3 pts | −9,764 sh | −5% |
| Reduced | ON SEMICONDUCTOR CORP (ON) | 0.3% | 0.2% | −0.1 pts | −7,880 sh | −38% |
| Increased | QIFU TECHNOLOGY INC (QFIN) | 14.5% | 11.7% | −2.8 pts | +42,025 sh | +1% |
| Increased | RENEW ENERGY GLOBAL PLC | 0.2% | 0.3% | +0.1 pts | +103K sh | +43% |
| Exited | KE HLDGS INC (BEKE) | 0.1% | — | −0.1 pts | −31,416 sh | −100% |
| Reduced | OWENS CORNING NEW (OC) | 0.3% | 0.2% | −0.1 pts | −3,139 sh | −25% |
| Exited | FTI CONSULTING INC (FCN) | 0.1% | — | −0.1 pts | −1,926 sh | −100% |
| New | ICON PLC (ICLR) | — | 0.0% | 0.0 pts | +1,205 sh | new |
| Reduced | MODERNA INC (MRNA) | 0.2% | 0.1% | −0.1 pts | −2,650 sh | −25% |
| Exited | SUNNOVA ENERGY INTL INC. | 0.0% | — | 0.0 pts | −981 sh | −100% |
| New | CYBERARK SOFTWARE LTD (CYBR) | — | 0.0% | 0.0 pts | +1,451 sh | new |
| Reduced | BELLRING BRANDS INC (BRBR) | 0.1% | 0.0% | 0.0 pts | −4,731 sh | −47% |
| Reduced | SOLAREDGE TECHNOLOGIES INC (SEDG) | 0.3% | 0.1% | −0.2 pts | −1,034 sh | −18% |
| Reduced | QUALYS INC (QLYS) | 0.1% | 0.1% | 0.0 pts | −849 sh | −25% |
| Exited | RENEW ENERGY GLOBAL PLC | 0.0% | — | 0.0 pts | −31,938 sh | −100% |
| New | RENEW ENERGY GLOBAL PLC (RNWWW) | — | 0.0% | 0.0 pts | +31,938 sh | new |
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
† Security identifier (CUSIP) changed — read as one continuing position, not an exit and a new position:
- ANGLOGOLD ASHANTI PLC (AU): 035128206 → G0378L100, 3.16M → 2.57M shares (share count changed with the identifier; not shown as a trade)
Top 10 positions — 79.7% of the equity book
Changes in the top 10 this quarter: PBR entered · BABA entered · XP left · TCEHY left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | MERCADOLIBRE INC (MELI) | 7.6% | 12.5% | |
| 2 | QIFU TECHNOLOGY INC (QFIN) | 14.5% | 11.7% | |
| 3 | PETROLEO BRASILEIRO SA PETRO (PBR) | 0.0% | 10.9% | Entered the top 10 |
| 4 | TAIWAN SEMICONDUCTOR MFG LTD (TSM) | 13.8% | 9.3% | |
| 5 | VISTA ENERGY S.A.B. DE C.V. (VIST) | 4.7% | 9.2% | |
| 6 | BAIDU INC (BIDU) | 3.6% | 6.6% | |
| 7 | ANGLOGOLD ASHANTI PLC (AU) | 11.1% | 6.1% | |
| 8 | YPF SOCIEDAD ANONIMA (YPF) | 7.1% | 5.7% | |
| 9 | GRUPO AEROPORTUARIO DEL SURE (ASR) | 3.1% | 5.2% | |
| 10 | ALIBABA GROUP HLDG LTD (BABA) | 2.8% | 2.5% | Entered the top 10 |
| — | XP INC (XP) | 8.2% | 2.3% | Left the top 10 |
| — | VISTA ENERGY S.A.B. DE C.V. (TCEHY) | 6.4% | 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).