Torq Capital Management (hk) Ltd 13F annual report

Torq Capital Management (hk) Ltd is an investment fund managing more than $155 million ran by Kendall Johnson. There are currently 10 companies in Johnson’s portfolio. The largest investments include Alibaba Group Hldg Ltd and Vipshop Holdings Limited, together worth $63.5 million.

$155 million Assets Under Management (AUM)

As of 9th August 2022, Torq Capital Management (hk) Ltd’s top holding is 329,300 shares of Alibaba Group Hldg Ltd currently worth over $37.4 million and making up 24.1% of the portfolio value. In addition, the fund holds 2,637,000 shares of Vipshop Holdings Limited worth $26.1 million. The third-largest holding is Mosaic Co New worth $25 million and the next is Graftech Intl Ltd worth $18 million, with 2,540,658 shares owned.

Currently, Torq Capital Management (hk) Ltd's portfolio is worth at least $155 million. 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 Torq Capital Management (hk) Ltd

The Torq Capital Management (hk) Ltd office and employees reside in Hong Kong, Hong Kong. According to the last 13-F report filed with the SEC, Kendall Johnson serves as the COO at Torq Capital Management (hk) Ltd.

Recent trades

In the most recent 13F filing, Torq Capital Management (hk) Ltd revealed that it had opened a new position in Alibaba Group Hldg Ltd and bought 329,300 shares worth $37.4 million.

The investment fund also strengthened its position in Graftech Intl Ltd by buying 411,100 additional shares. This makes their stake in Graftech Intl Ltd total 2,540,658 shares worth $18 million.

On the other hand, there are companies that Torq Capital Management (hk) Ltd is getting rid of from its portfolio. Torq Capital Management (hk) Ltd closed its position in NetEase Inc on 15th August 2022. It sold the previously owned 243,200 shares for $21.8 million. Kendall Johnson also disclosed a decreased stake in Vale S.A by 0.5%. This leaves the value of the investment at $7.7 million and 526,000 shares.

One of the smallest hedge funds

The two most similar investment funds to Torq Capital Management (hk) Ltd are Tiger Legatus Capital Management and Kinloch Capital. They manage $155 million and $155 million respectively.

Kendall Johnson investment strategy

Torq Capital Management (hk) Ltd’s portfolio is diversified across 5 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 13.2% of the total portfolio value. The fund focuses on investments in the China as 40.0% of the portfolio companies are based in the China.

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 40% 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 $27.2 billion.

The complete list of Torq Capital Management (hk) Ltd trades based on 13F SEC filings

These positions were updated on August 15th 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
Alibaba Group Hldg Ltd	Opened 329,300	$37,434,000	24.13%
Vipshop Holdings Limited	Opened 2,637,000	$26,079,000	16.81%
Mosaic Co New	Opened 529,600	$25,013,000	16.13%
NetEase Inc	Closed 243,200	$21,812,000
Graftech Intl Ltd	19.30% 2,540,658	$17,962,000	11.58%
KE Holdings Inc.	Opened 748,000	$13,426,000	8.66%
NIO Inc	Opened 483,500	$10,501,000	6.77%
Trip.com Group Ltd	Opened 365,400	$10,030,000	6.47%
Vale S.A.	52.86% 526,000	$7,695,000	4.96%
Under Armour Inc	Closed 352,235	$5,995,000
iQIYI Inc	Opened 1,200,000	$5,040,000	3.25%
New Oriental Ed Technology	Opened 94,521	$1,924,000	1.24%
New Oriental Ed Technology	Closed 95,122	$1,093,000
No transactions found
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