New Silk Road Investment Pte Ltd 13F annual report
New Silk Road Investment Pte Ltd is an investment fund managing more than $50.4 billion ran by Adrian Ang. There are currently 9 companies in Mr. Ang’s portfolio. The largest investments include Yum China Inc and Trip.com Group Ltd-adr, together worth $19.2 billion.
$50.4 billion Assets Under Management (AUM)
As of 2nd November 2023, New Silk Road Investment Pte Ltd’s top holding is 207,841 shares of Yum China Inc currently worth over $11.6 billion and making up 23.0% of the portfolio value.
Relative to the number of outstanding shares of Yum China Inc, New Silk Road Investment Pte Ltd owns more than approximately 0.1% of the company.
In addition, the fund holds 218,170 shares of Trip.com Group Ltd-adr worth $7.63 billion.
The third-largest holding is H World Group Ltd-adr worth $6.79 billion and the next is PDD Inc worth $5.72 billion, with 58,300 shares owned.
Currently, New Silk Road Investment Pte Ltd's portfolio is worth at least $50.4 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at New Silk Road Investment Pte Ltd
The New Silk Road Investment Pte Ltd office and employees reside in Singapore, Singapore. According to the last 13-F report filed with the SEC, Adrian Ang serves as the Chief Compliance Officer at New Silk Road Investment Pte Ltd.
Recent trades
In the most recent 13F filing, New Silk Road Investment Pte Ltd revealed that it had opened a new position in
PDD Inc and bought 58,300 shares worth $5.72 billion.
This means they effectively own approximately 0.1% of the company.
PDD Inc makes up
33.1%
of the fund's Consumer Discretionary sector allocation and has grown its share price by 85.3% in the past year.
The investment fund also strengthened its position in Yum China Inc by buying
18,300 additional shares.
This makes their stake in Yum China Inc total 207,841 shares worth $11.6 billion.
Yum China Inc dropped 12.5% in the past year.
On the other hand, there are companies that New Silk Road Investment Pte Ltd is getting rid of from its portfolio.
New Silk Road Investment Pte Ltd closed its position in Zto Express Cayman Inc-adr on 9th November 2023.
It sold the previously owned 233,131 shares for $5.85 billion.
Adrian Ang also disclosed a decreased stake in Sea Ltd-adr by approximately 0.1%.
This leaves the value of the investment at $5.65 billion and 128,565 shares.
One of the smallest hedge funds
The two most similar investment funds to New Silk Road Investment Pte Ltd are Guidestone Capital Management and Steel Canyon Capital. They manage $50.3 billion and $50.2 billion respectively.
Adrian Ang investment strategy
New Silk Road Investment Pte Ltd’s portfolio is diversified across 2 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 34.3% of
the total portfolio value.
The fund focuses on investments in the China as
22.2% of the portfolio companies
are based in the China.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
22% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $68.7 billion.
The complete list of New Silk Road Investment Pte Ltd trades based on 13F SEC filings
These positions were updated on November 9th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Yum China Holdings Inc |
9.65%
207,841
|
$11,580,901,000 | 22.98% |
| Trip.com Group Ltd-adr |
No change
218,170
|
$7,629,405,000 | 15.14% |
| H World Group Ltd-adr |
19.00%
172,232
|
$6,791,108,000 | 13.48% |
| Zto Express Cayman Inc-adr |
Closed
233,131
|
$5,846,925,000 | |
| PDD Holdings Inc |
Opened
58,300
|
$5,717,481,000 | 11.35% |
| Sea Ltd-adr |
1.46%
128,565
|
$5,650,432,000 | 11.21% |
| Baidu Inc - Spon Adr |
No change
33,388
|
$4,485,678,000 | 8.90% |
| Miniso Group Holding Ltd-adr |
11.30%
123,194
|
$3,190,725,000 | 6.33% |
| Alibaba Group Holding-sp Adr |
No change
36,100
|
$3,131,314,000 | 6.21% |
| Dada Nexus Ltd-adr |
43.30%
498,700
|
$2,219,215,000 | 4.40% |
| No transactions found | |||
| Showing first 500 out of 10 holdings | |||
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