Library Research Ltd
CIK
1788330
Location
HONG KONG, K3
Portfolio Value
Micro
$58,125,058
Diversification
Highly concentrated
Filing Date
Global Rank
#5,677
/ 7,317
▼ 587
Top Industry
Internet Retail
89.9%
3Y Alpha vs SPY
-19.2%
Period ended 2 years ago
Filed Feb 9, 2024 · 2y
13 quarters · since Dec 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+4.9%
SPY
+76.3%
Annualised alpha
-19.2%
Max drawdown
−41.8%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
3 positions · as of Dec 31, 2023 · Δ vs Sep 30, 2023Top Position
89.9%
+39.3 pts
Top 5
100.0%
0.0 pts
Top 10
100.0%
0.0 pts
HHI
8,167
Highly concentrated+4,123
Portfolio Trend
13 quarters · across all stocks
Sector Breakdown
As of Dec 31, 2023| Sector | % Portfolio | Value |
|---|---|---|
| Consumer Cyclical | 89.9% | $52,276,855 |
| Technology | 8.8% | $5,086,087 |
| Communication Services | 1.3% | $762,116 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increasedNo qualifying positions this quarter.
Trimmed
Positions the filer reduced
1 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| GDS | GDS Holdings Ltd | −183,284 | 557,685 | $5,086,087 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarterNo qualifying positions this quarter.
Sold Out
Positions the filer fully exited
1 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| ZTO | ZTO Express (Cayman) Inc. | 1,048,572 | $25,343,985 | |
| No positions match the current search. | ||||
3 positions ·
$58,125,058 total
· as of Dec 31, 2023
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| PDD |
PDD Holdings Inc.
Consumer Cyclical
|
Held | 357,302 | $52,276,855 | 89.94% | |
| GDS |
GDS Holdings Ltd
Technology
|
Reduced | 557,685 | $5,086,087 | 8.75% | |
| BZ |
Kanzhun Ltd
Communication Services
|
Held | 45,883 | $762,116 | 1.31% |