Prudence Asset Management Ltd

High-turnover traderConcentrated strategyContrarian

Total reported value

$3.7M

Reporting period: 2018-09-30 · Number of holdings: 5

Prudence Asset Management Ltd disclosed 5 holdings in its latest 13F filing for the period ending 2018-09-30, with total reported value of $3.7M and a quarterly turnover rate of 100.0%.

Personality snowflake

Concentration: 100
Portfolio Stability: 100
Momentum/Contrarian: 0
Sector conviction: 0
Diversification: 10
Sizing Uniformity: 84.05

Recent moves

Add BEDUUSD
-37.6%　-$3.0M
Add VIPS
0.0%　-$138.0K
Add SOGOGBP
-38.7%　-$211.0K
Sold out TCOM 1.25 09-15-22
Sold out BABA
Sold out BTAIEUR

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	BEDUUSD	Bright Scholar Education-adr	Stock-Other	77.01%	+21.45%	-37.56%
2	TAL	Tal Education Group- Adr	Stock-Consumer Staples	7.04%	+7.04%	NEW
3	GHG	Greentree Hospitality Gr-adr	Stock-Other	6.96%	+6.96%	NEW
4	VIPS	Vipshop Holdings LTD - Adr	Stock-Consumer Disc	5.12%	+2.00%	—
5	SOGOGBP	Sogou Inc-adr	Stock-Other	3.86%	+0.48%	-38.71%

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2018-09-30	5	$3.7M	100	1BEDUUSD 2TAL 3GHG Top holdings2018-09-30 1.BEDUUSD 2.TAL 3.GHG 4.VIPS 5.SOGOGBP
2018-06-30	7	$10.4M	72	1BEDUUSD 2TCOM 1.25 09-15-22 3BABA Top holdings2018-06-30 1.BEDUUSD 2.TCOM 1.25 09-15-22 3.BABA 4.SOGOGBP 5.VIPS 6.BTAIEUR 7.74704P
2018-03-31	7	$20.2M	100	1BEDUUSD226853A3GHG Top holdings2018-03-31 1.BEDUUSD 2.26853A 3.GHG 4.TCOM 1.25 09-15-22 5.VIPS 6.SOGOGBP 7.BTAIEUR
2017-12-31	7	$16.3M	100	1BEDUUSD 2SOGOGBP 3BABA Top holdings2017-12-31 1.BEDUUSD 2.SOGOGBP 3.BABA 4.VIPS 1.5 03-15-19 5.MOMOUSD 6.TAL 7.VIPS
2017-09-30	10	$24.9M	100	1VIPS 1.5 03-15-19 2BABA 3BEDUUSD Top holdings2017-09-30 1.VIPS 1.5 03-15-19 2.BABA 3.BEDUUSD 4.NTES 5.HTHT 6.MU 7.EDU 8.74979W 9.ZLAB 10.VIPS
2017-06-30	10	$28.5M	100	1INTNED V6.5 PERP 2VIPS 1.5 03-15-19 3NWG V8.625 PERP * Top holdings2017-06-30 1.INTNED V6.5 PERP 2.VIPS 1.5 03-15-19 3.NWG V8.625 PERP * 4.BACR V6.625 PERP 5.MOMOUSD 6.BABA 7.HTHT 8.EDU 9.NTES 10.BEDUUSD
2017-03-31	11	$56.7M	100	1JOYY 2.25 04-01-19 2HSBC V6.875 PERP 3BACR V6.625 PERP Top holdings2017-03-31 1.JOYY 2.25 04-01-19 2.HSBC V6.875 PERP 3.BACR V6.625 PERP 4.BACR V8.25 PERP 5.MOMOUSD 6.HTHT 7.YYEUR 8.TAL 9.BABA 10.VNET
2016-12-31	17	$93.0M	64	1TSL 4 10-15-19 2TSL 3.5 06-15-19 3BABA Top holdings2016-12-31 1.TSL 4 10-15-19 2.TSL 3.5 06-15-19 3.BABA 4.VNET 5.CTRPUSD 6.HSBC V6.875 PERP 7.BACR V6.625 PERP 8.BACR V8.25 PERP 9.MOMOUSD 10.89628E
2016-09-30	16	$133.5M	100	1SFUN 2 12-15-18 2TSL 3.5 06-15-19 3TSL 4 10-15-19 Top holdings2016-09-30 1.SFUN 2 12-15-18 2.TSL 3.5 06-15-19 3.TSL 4 10-15-19 4.VNET 5.NWG V8.625 PERP *** 6.89628E 7.CTRPUSD 8.HSBC V6.875 PERP 9.BACR V6.625 PERP 10.BACR V8.25 PERP
2016-06-30	22	$135.4M	100	1QIHU 1.75 08-15-21 2SFUN 2 12-15-18 3TSL 4 10-15-19 Top holdings2016-06-30 1.QIHU 1.75 08-15-21 2.SFUN 2 12-15-18 3.TSL 4 10-15-19 4.HSBC V6.875 PERP 5.TSL 3.5 06-15-19 6.QIHU 0.5 08-15-20 7.BACR V8.25 PERP 8.JD 9.74734M 10.QIHU 2.5 09-15-18
2016-03-31	16	$101.1M	63	1VNET 2QIHU 1.75 08-15-21 3SFUN 2 12-15-18 Top holdings2016-03-31 1.VNET 2.QIHU 1.75 08-15-21 3.SFUN 2 12-15-18 4.HYG 5.QIHU 0.5 08-15-20 6.YYEUR 7.WUBAUSD 8.50047P 9.26852W 10.VIPS 1.5 03-15-19
2015-12-31	20	$129.7M	0	1VNET 2QIHU 1.75 08-15-21 3QIHU 0.5 08-15-20 Top holdings2015-12-31 1.VNET 2.QIHU 1.75 08-15-21 3.QIHU 0.5 08-15-20 4.09777B 5.SFUN 2 12-15-18 6.98742U 7.602675 8.26852W 9.50047P 10.JOYY 2.25 04-01-19

Holding changes this quarter

Prudence Asset Management Ltd's most significant position changes for 2018-09-30: Sold out: Trip.com Group LTD (TCOM 1.25 09-15-22); Sold out: Alibaba Group Holding-sp Adr (BABA); Sold out: Bioxcel Therapeutics INC (BTAIEUR); New buy: Tal Education Group- Adr (TAL); New buy: Greentree Hospitality Gr-adr (GHG).

Position changes disclosed by Prudence Asset Management Ltd for the quarter ending 2018-09-30, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	BEDUUSD	Bright Scholar Education-adr	+21.5%	-37.56%	Trim
2	VIPS	Vipshop Holdings LTD - Adr	+2%	—	Unchanged
3	SOGOGBP	Sogou Inc-adr	+0.5%	-38.71%	Trim
4	TCOM 1.25 09-15-22	Trip.com Group LTD	—	EXIT	Sold out
5	BABA	Alibaba Group Holding-sp Adr	—	EXIT	Sold out
6	BTAIEUR	Bioxcel Therapeutics INC	—	EXIT	Sold out
7	TAL	Tal Education Group- Adr	—	NEW	New buy
8	GHG	Greentree Hospitality Gr-adr	—	NEW	New buy
9	✓	Puxin LTD	—	EXIT	Sold out

FAQ

What is Prudence Asset Management Ltd and what type of investor is it?

Prudence Asset Management Ltd is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2018-09-30), the firm manages a tracked equity portfolio valued at approximately $3.7M, spread across 5 disclosed positions.

What are Prudence Asset Management Ltd's largest equity positions?

Based on the latest 13F filing, Prudence Asset Management Ltd's top holdings by market value are: 1. Bright Scholar Education-adr (BEDUUSD) — $2.8M (77.0%) 2. Tal Education Group- Adr (TAL) — $257.0K (7.0%) 3. Greentree Hospitality Gr-adr (GHG) — $254.0K (7.0%) 4. Vipshop Holdings LTD - Adr (VIPS) — $187.0K (5.1%) 5. Sogou Inc-adr (SOGOGBP) — $141.0K (3.9%)

What changes did Prudence Asset Management Ltd make in its most recent portfolio filing?

In the latest reported quarter, Prudence Asset Management Ltd made 8 notable position adjustments: 2 new positions were initiated, 0 existing holdings were added to, 2 positions were partially reduced, and 4 were completely exited. The largest of these moves: Sold out: Trip.com Group LTD (TCOM 1.25 09-15-22); Sold out: Alibaba Group Holding-sp Adr (BABA); Sold out: Bioxcel Therapeutics INC (BTAIEUR); New buy: Tal Education Group- Adr (TAL); New buy: Greentree Hospitality Gr-adr (GHG)

What sectors does Prudence Asset Management Ltd focus on?

Prudence Asset Management Ltd is concentrated in the following sectors based on its current disclosed equity portfolio: • Consumer Staples: 57.9% • Consumer Discretionary: 42.1%