Abs Direct Equity Fund 13F annual report
Abs Direct Equity Fund is an investment fund managing more than $89 billion ran by David Finn. There are currently 39 companies in Mr. Finn’s portfolio. The largest investments include Fomento Economico Mexicano S and PDD Inc, together worth $15.5 billion.
$89 billion Assets Under Management (AUM)
As of 31st July 2024, Abs Direct Equity Fund’s top holding is 84,000 shares of Fomento Economico Mexicano S currently worth over $9.04 billion and making up 10.2% of the portfolio value.
In addition, the fund holds 48,406 shares of PDD Inc worth $6.44 billion, whose value fell 2.0% in the past six months.
The third-largest holding is America Movil Sab De Cv worth $5.8 billion and the next is R1 RCM worth $4.71 billion, with 375,000 shares owned.
Currently, Abs Direct Equity Fund's portfolio is worth at least $89 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 Abs Direct Equity Fund
The Abs Direct Equity Fund office and employees reside in Greenwich, Connecticut. According to the last 13-F report filed with the SEC, David Finn serves as the Chief Compliance Officer at Abs Direct Equity Fund.
Recent trades
In the most recent 13F filing, Abs Direct Equity Fund revealed that it had opened a new position in
Grupo Aeroportuario Del Sure and bought 6,660 shares worth $1.99 billion.
The investment fund also strengthened its position in Fomento Economico Mexicano S by buying
12,800 additional shares.
This makes their stake in Fomento Economico Mexicano S total 84,000 shares worth $9.04 billion.
On the other hand, there are companies that Abs Direct Equity Fund is getting rid of from its portfolio.
Abs Direct Equity Fund closed its position in Ypf Sociedad Anonima on 7th August 2024.
It sold the previously owned 100,400 shares for $1.99 billion.
David Finn also disclosed a decreased stake in America Movil Sab De Cv by approximately 0.1%.
This leaves the value of the investment at $5.8 billion and 340,900 shares.
One of the smallest hedge funds
The two most similar investment funds to Abs Direct Equity Fund are Visa and Delos Wealth Advisors. They manage $89.1 billion and $89 billion respectively.
David Finn investment strategy
Abs Direct Equity Fund’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 20.2% of
the total portfolio value.
The fund focuses on investments in the United States as
35.9% of the portfolio companies
are based in the United States.
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
13% 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 $16.9 billion.
The complete list of Abs Direct Equity Fund trades based on 13F SEC filings
These positions were updated on August 7th 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 |
|---|---|---|---|
| Fomento Economico Mexicano S |
17.98%
84,000
|
$9,042,600,000 | 10.16% |
| PDD Holdings Inc |
28.40%
48,406
|
$6,435,578,000 | 7.23% |
| America Movil Sab De Cv |
8.95%
340,900
|
$5,795,300,000 | 6.51% |
| R1 RCM Inc. |
No change
375,000
|
$4,710,000,000 | 5.29% |
| Cemex Sab De Cv |
31.91%
737,000
|
$4,709,430,000 | 5.29% |
| Griffon Corp. |
7.69%
70,000
|
$4,470,200,000 | 5.02% |
| Rentokil Initial Plc |
0.85%
120,232
|
$3,564,879,000 | 4.00% |
| Par Technology Corp. |
52.40%
68,580
|
$3,229,432,000 | 3.63% |
| Full Truck Alliance Co. Ltd. |
11.76%
356,500
|
$2,866,260,000 | 3.22% |
| Xponential Fitness, Inc. |
2.86%
170,000
|
$2,652,000,000 | 2.98% |
| Transportadora De Gas Sur |
52.38%
137,706
|
$2,613,660,000 | 2.94% |
| Euronet Worldwide Inc |
17.88%
24,636
|
$2,549,826,000 | 2.86% |
| SolarWinds Corp |
5.00%
210,000
|
$2,530,500,000 | 2.84% |
| MercadoLibre Inc |
57.26%
1,428
|
$2,346,775,000 | 2.64% |
| Kaspi Kz Jsc |
19.78%
17,938
|
$2,314,181,000 | 2.60% |
| Grupo Aeropuerto Del Pacific |
0.70%
14,450
|
$2,250,877,000 | 2.53% |
| H World Group Ltd |
5.52%
64,994
|
$2,165,600,000 | 2.43% |
| Extreme Networks Inc. |
76.47%
150,000
|
$2,017,500,000 | 2.27% |
| Grupo Aeroportuario Del Sure |
Opened
6,660
|
$1,994,803,000 | 2.24% |
| Ypf Sociedad Anonima |
Closed
100,400
|
$1,987,920,000 | |
| Trip.com Group Ltd |
40.12%
42,231
|
$1,984,857,000 | 2.23% |
| Bluelinx Hldgs Inc |
20.00%
20,000
|
$1,861,800,000 | 2.09% |
| Alta Equipment Group Inc |
No change
220,000
|
$1,768,800,000 | 1.99% |
| Asbury Automotive Group Inc |
No change
7,500
|
$1,709,025,000 | 1.92% |
| Miniso Group Hldg Ltd |
No change
88,441
|
$1,686,570,000 | 1.89% |
| International Mny Express In |
25.00%
75,000
|
$1,563,000,000 | 1.76% |
| Vale S.A. |
2.79%
110,523
|
$1,234,542,000 | 1.39% |
| Embraer S.A. |
Closed
43,750
|
$1,165,500,000 | |
| Legacy Housing Corporation |
No change
48,426
|
$1,110,892,000 | 1.25% |
| Crocs Inc |
62.50%
7,500
|
$1,094,550,000 | 1.23% |
| Kanzhun Limited |
4.58%
56,472
|
$1,062,238,000 | 1.19% |
| Baidu Inc |
19.49%
10,739
|
$928,709,000 | 1.04% |
| Grupo Aeroportuario Del Cent |
0.75%
13,200
|
$892,980,000 | 1.00% |
| Alibaba Group Hldg Ltd |
No change
11,900
|
$856,800,000 | 0.96% |
| Controladora Vuela Comp De A |
Opened
118,000
|
$750,480,000 | 0.84% |
| Skyline Champion Corp |
33.33%
10,000
|
$677,500,000 | 0.76% |
| Academy Sports & Outdoors In |
Closed
10,000
|
$675,400,000 | |
| Vista Energy S.a.b. De C.v. |
Closed
15,633
|
$646,894,000 | |
| Banco Santander Chile New |
Closed
30,720
|
$609,178,000 | |
| i3 Verticals Inc |
16.67%
25,000
|
$552,000,000 | 0.62% |
| New Oriental Ed & Technology |
Opened
6,300
|
$489,699,000 | 0.55% |
| Latham Group Inc |
57.12%
157,123
|
$476,083,000 | 0.53% |
| Dada Nexus Ltd |
Closed
200,900
|
$411,845,000 | |
| NetEase Inc |
Closed
3,100
|
$320,757,000 | |
| Vipshop Hldgs Ltd |
96.48%
4,980
|
$64,840,000 | 0.07% |
| Phinia Inc |
Opened
400
|
$15,744,000 | 0.02% |
| No transactions found | |||
| Showing first 500 out of 46 holdings | |||
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