Aubrey Capital Management Ltd Q4 2022 vs. Q1 2023: A Look at the Latest 13F Holdings Shifts

Aubrey Capital Management Ltd is a Scotland-based investment management firm that specializes in managing funds for clients worldwide. As with all investment managers in the US, they are required to file a 13F report with the SEC detailing their holdings each quarter. The latest report reveals several important changes in holdings for Q1 2023 compared to Q4 2022.

One notable change in Aubrey Capital Management's portfolio is their acquisition of 205,100 shares of Alibaba Group Holding Ltd, which has a value of $20,965,000. Similarly, they also acquired 12,100 shares of MercadoLibre Inc valued at $15,948,000. These two additions to the portfolio suggest that the firm is optimistic about the continued growth of the e-commerce industry.

On the other hand, Aubrey Capital Management sold a significant portion of their ICICI Bank Ltd shares, reducing their holdings from 781,300 to 625,400 shares. This reduction in holding represents a 21.1% decrease in their position. This move could indicate that the firm is bearish on the financial sector or simply looking for better investment opportunities elsewhere.

Similarly, they also reduced their holdings of Pinduoduo Inc by 25.3%, selling about 40,900 shares. This move is worth watching as it may indicate that Aubrey Capital Management has some concerns about Pinduoduo's business performance or strategy.

Moreover, Aubrey Capital Management made significant investments in healthcare companies, including 303,800 shares of New Oriental Education & Tech and 73,588 shares of Doximity Inc. These investments could suggest that the firm highly values the growth of education and healthcare sectors amid the ongoing pandemic.

Another interesting change is the acquisition of 33,039 shares of Pershing Square Holdings Ltd, led by billionaire investor Bill Ackman, whose portfolio consists of major companies from various industries, including Berkshire Hathaway, Restaurant Brands International, and Hilton Worldwide Holdings.

Furthermore, Aubrey Capital Management Ltd also purchased 250,000 shares of Full Truck Alliance Co Ltd during Q1 2023, with a value of $190,000. Full Truck Alliance is a leading Chinese technology company specializing in logistics and freight delivery services, which has been growing at an impressive rate in recent years.

In conclusion, it is clear that Aubrey Capital Management Ltd made some strategic moves during Q1 2023. While there were some reductions in stock holdings, the acquisition of several lucrative shares shows the firm's positive outlook on the future growth of certain industries and companies. As always, investors should proceed with caution and conduct their research before making any investment decisions.