LBN Advisers Ltd

Concentrated strategyMomentum followerQuality / disciplined sizing

Total reported value

$88.0M

Reporting period: 2015-09-30 · Number of holdings: 6

LBN Advisers Ltd disclosed 6 holdings in its latest 13F filing for the period ending 2015-09-30, with total reported value of $88.0M and a quarterly turnover rate of 56.3%.

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Personality snowflake

Concentration: 100
Portfolio Stability: 56.34
Momentum/Contrarian: 100
Sector conviction: 0
Diversification: 12
Sizing Uniformity: 92.18

Recent moves

Add VIPS
+50.1%　$3.8M
Trim 876108101
-58.0%　-$10.7M
Add JD
+16.4%　-$3.2M
Trim BIDU
0.0%　-$3.1M
Trim 45174L108
-4.4%　-$2.3M
New buy 74734M109

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	VIPS	Vipshop Holdings LTD - Adr	Stock-Consumer Disc	36.67%	+11.22%	+50.07%
2	JD	Jd.com Inc-adr	Stock-Consumer Disc	28.84%	+3.33%	+16.36%
3	✓	Qihoo 360 Technology Co LTD	Stock-Other	14.11%	+14.11%	NEW
4	BIDU	Baidu INC - Spon Adr	Stock-Comm Services	7.83%	-1.09%	—
5	✓	Ikang Healthcare Group-adr	Stock-Other	6.99%	-0.52%	-4.35%
6	✓	Tctm Kids It Education INC. Sponsored Ads	Stock-Other	5.56%	-8.36%	-58.03%

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2015-09-30	6	$88.0M	56	1VIPS 2JD374734M Top holdings2015-09-30 1.VIPS 2.JD 3.74734M 4.BIDU 5.45174L 6.876108
2015-06-30	7	$111.8M	100	1JD 2VIPS3876108 Top holdings2015-06-30 1.JD 2.VIPS 3.876108 4.2663134D 5.BIDU 6.EDU 7.45174L
2015-03-31	4	$66.7M	100	1BIDU28761083YYEUR Top holdings2015-03-31 1.BIDU 2.876108 3.YYEUR 4.45174L
2014-12-31	4	$29.1M	100	18761082WUBAUSD 3TAL Top holdings2014-12-31 1.876108 2.WUBAUSD 3.TAL 4.MFC
2014-09-30	7	$118.5M	0	1YYEUR 2VNET3876108 Top holdings2014-09-30 1.YYEUR 2.VNET 3.876108 4.TAL 5.LEJUEUR 6.BIDU 7.MFC

Holding changes this quarter

LBN Advisers Ltd's most significant position changes for 2015-09-30: New buy: Qihoo 360 Technology Co LTD; Sold out: Bitauto Holdings Ltd-adr (2663134D); Sold out: New Oriental Education & Technology Group Inc. (EDU); Add: Vipshop Holdings LTD - Adr (VIPS) — shares +50.07%; Trim: Tctm Kids It Education INC. Sponsored Ads — shares -58.03%.

Position changes disclosed by LBN Advisers Ltd for the quarter ending 2015-09-30, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	VIPS	Vipshop Holdings LTD - Adr	+11.2%	+50.07%	Add
2	JD	Jd.com Inc-adr	+3.3%	+16.36%	Add
3	✓	Ikang Healthcare Group-adr	-0.5%	-4.35%	Trim
4	BIDU	Baidu INC - Spon Adr	-1.1%	—	Unchanged
5	✓	Tctm Kids It Education INC. Sponsored Ads	-8.4%	-58.03%	Trim
6	✓	Qihoo 360 Technology Co LTD	—	NEW	New buy
7	2663134D	Bitauto Holdings Ltd-adr	—	EXIT	Sold out
8	EDU	New Oriental Education & Technology Group Inc.	—	EXIT	Sold out

FAQ

What is LBN Advisers Ltd and what type of investor is it?

LBN Advisers 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 (2015-09-30), the firm manages a tracked equity portfolio valued at approximately $88.0M, spread across 6 disclosed positions.

What are LBN Advisers Ltd's largest equity positions?

Based on the latest 13F filing, LBN Advisers Ltd's top holdings by market value are: 1. Vipshop Holdings LTD - Adr (VIPS) — $32.3M (36.7%) 2. Jd.com Inc-adr (JD) — $25.4M (28.8%) 3. Qihoo 360 Technology Co LTD — $12.4M (14.1%) 4. Baidu INC - Spon Adr (BIDU) — $6.9M (7.8%) 5. Ikang Healthcare Group-adr — $6.1M (7.0%)

What changes did LBN Advisers Ltd make in its most recent portfolio filing?

In the latest reported quarter, LBN Advisers Ltd made 7 notable position adjustments: 1 new positions were initiated, 2 existing holdings were added to, 2 positions were partially reduced, and 2 were completely exited. The largest of these moves: New buy: Qihoo 360 Technology Co LTD; Sold out: Bitauto Holdings Ltd-adr (2663134D); Sold out: New Oriental Education & Technology Group Inc. (EDU); Add: Vipshop Holdings LTD - Adr (VIPS) — shares +50.07%; Trim: Tctm Kids It Education INC. Sponsored Ads — shares -58.03%

What sectors does LBN Advisers Ltd focus on?

LBN Advisers Ltd is concentrated in the following sectors based on its current disclosed equity portfolio: • Consumer Discretionary: 89.3% • Communication Services: 10.7%