Evolution Capital Management 13F annual report
Evolution Capital Management is an investment fund managing more than $50.7 million ran by Gerald Tsai. There are currently 47 companies in Mr. Tsai’s portfolio. The largest investments include Alibaba Group Hldg Ltd and Activision Blizzard Inc, together worth $23.7 million.
$50.7 million Assets Under Management (AUM)
As of 25th October 2022, Evolution Capital Management’s top holding is 227,854 shares of Alibaba Group Hldg Ltd currently worth over $18.2 million and making up 35.9% of the portfolio value.
In addition, the fund holds 73,000 shares of Activision Blizzard Inc worth $5.43 million, whose value fell approximately 0.1% in the past six months.
The third-largest holding is JD.com Inc worth $3.19 million and the next is Trip.com Ltd worth $3.14 million, with 115,000 shares owned.
Currently, Evolution Capital Management's portfolio is worth at least $50.7 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 Evolution Capital Management
The Evolution Capital Management office and employees reside in Crystal Bay, Nevada. According to the last 13-F report filed with the SEC, Gerald Tsai serves as the Chief Compliance Officer at Evolution Capital Management.
Recent trades
In the most recent 13F filing, Evolution Capital Management revealed that it had opened a new position in
Activision Blizzard Inc and bought 73,000 shares worth $5.43 million.
This means they effectively own approximately 0.1% of the company.
Activision Blizzard Inc makes up
100.0%
of the fund's Communication Services sector allocation and has decreased its share price by 8.3% in the past year.
The investment fund also strengthened its position in Alibaba Group Hldg Ltd by buying
37,810 additional shares.
This makes their stake in Alibaba Group Hldg Ltd total 227,854 shares worth $18.2 million.
On the other hand, there are companies that Evolution Capital Management is getting rid of from its portfolio.
Evolution Capital Management closed its position in Li Auto on 1st November 2022.
It sold the previously owned 604,850 shares for $23.2 million.
One of the smallest hedge funds
The two most similar investment funds to Evolution Capital Management are Arrow Capital Management and Wealthgate Family Office. They manage $50.7 million and $50.7 million respectively.
Gerald Tsai investment strategy
Evolution Capital Management’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 16.5% of
the total portfolio value.
The fund focuses on investments in the China as
10.6% 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
13% of the total holdings value.
On the other hand, small-cap stocks make up only 4.3% of the portfolio.
The average market cap of the portfolio companies is close to $20.8 billion.
The complete list of Evolution Capital Management trades based on 13F SEC filings
These positions were updated on November 1st 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 |
|---|---|---|---|
| Li Auto Inc. |
Closed
604,850
|
$23,172,000 | |
| Alibaba Group Hldg Ltd |
19.90%
227,854
|
$18,226,000 | 35.94% |
| Activision Blizzard Inc |
Opened
73,000
|
$5,427,000 | 10.70% |
| JD.com Inc |
Opened
63,425
|
$3,190,000 | 6.29% |
| Trip.com Group Ltd |
Opened
115,000
|
$3,141,000 | 6.19% |
| Black Spade Acquisition Co |
No change
262,000
|
$2,574,000 | 5.08% |
| NetEase Inc |
Opened
30,000
|
$2,268,000 | 4.47% |
| Yum China Holdings Inc |
Opened
43,335
|
$2,051,000 | 4.04% |
| Twitter Inc |
Closed
52,500
|
$1,963,000 | |
| Thunder Brdg Cap Prtnrs Iv I |
No change
200,000
|
$1,946,000 | 3.84% |
| Taiwan Semiconductor Mfg Ltd |
Closed
20,000
|
$1,635,000 | |
| Xpeng Inc. |
Closed
44,000
|
$1,397,000 | |
| Zto Express Cayman Inc |
Opened
45,005
|
$1,081,000 | 2.13% |
| Elliott Opportunity Ii Corp |
No change
100,000
|
$984,000 | 1.94% |
| L Catterton Asia Acquisition |
No change
90,000
|
$894,000 | 1.76% |
| BeiGene Ltd |
Opened
6,143
|
$828,000 | 1.63% |
| Longview Acquisition Corp Ii |
No change
70,000
|
$687,000 | 1.35% |
| Iclick Interactive Asia Grou |
No change
1,760,869
|
$616,000 | 1.21% |
| Gamestop Corp New |
Closed
5,000
|
$612,000 | |
| Primavera Capital Acquist Co |
No change
50,000
|
$498,000 | 0.98% |
| B Riley Principal 150 Merger |
Closed
50,000
|
$498,000 | |
| Live Oak Mobility Acquisi Co |
No change
50,000
|
$492,000 | 0.97% |
| Khosla Ventures Acquisition |
No change
45,000
|
$441,000 | 0.87% |
| Cortexyme Inc |
Closed
177,000
|
$393,000 | |
| Redfin Corp |
No change
60,000
|
$350,000 | 0.69% |
| Effector Therapeutics Inc |
No change
527,885
|
$302,000 | 0.60% |
| Health Assurn Acquisition Co |
No change
27,500
|
$274,000 | 0.54% |
| Ldh Growth Corp I |
No change
26,000
|
$258,000 | 0.51% |
| Ares Acquisition Corporation |
No change
25,690
|
$255,000 | 0.50% |
| Horizon Acquisition Corporat |
No change
25,000
|
$250,000 | 0.49% |
| Fortress Capital Acquisition |
No change
25,000
|
$249,000 | 0.49% |
| Jaws Mustang Acquisition Cor |
No change
25,000
|
$249,000 | 0.49% |
| Thunder Bridge Cap Prtnrs Ii |
No change
25,000
|
$246,000 | 0.49% |
| Khosla Ventures Acqut Co Iii |
No change
25,000
|
$245,000 | 0.48% |
| Ftac Hera Acquisition Corp |
No change
20,000
|
$199,000 | 0.39% |
| Lazard Growth Acquisition Co |
No change
20,000
|
$198,000 | 0.39% |
| Peridot Acquisition Corp. II |
No change
20,000
|
$198,000 | 0.39% |
| Gores Technology Partners Ii |
No change
20,000
|
$196,000 | 0.39% |
| Silver Spike Acquisitn Corp |
No change
15,000
|
$149,000 | 0.29% |
| Apollo Strategic Grwt Cptl I |
No change
15,000
|
$148,000 | 0.29% |
| Simon Property Grp Acq Holdi |
No change
15,000
|
$148,000 | 0.29% |
| Advanced Merger Partners Inc |
No change
15,000
|
$148,000 | 0.29% |
| Dragoneer Growth Opt Corp Ii |
No change
15,000
|
$147,000 | 0.29% |
| Forest Road Acquisition Cor |
No change
15,000
|
$147,000 | 0.29% |
| Steelcase, Inc. |
Opened
20,000
|
$130,000 | 0.26% |
| Vimeo Inc |
Opened
30,000
|
$120,000 | 0.24% |
| Bridgetown Holdings Ltd |
No change
10,000
|
$100,000 | 0.20% |
| Tzp Strategies Acquistn Corp |
No change
10,000
|
$100,000 | 0.20% |
| Pivotal Investment Corp Iii |
No change
10,000
|
$99,000 | 0.20% |
| Hennessy Capital Invs Corp V |
No change
10,000
|
$99,000 | 0.20% |
| Altimar Acquisition Corp. III |
No change
10,000
|
$99,000 | 0.20% |
| Stratim Cloud Acquisition Co |
No change
10,000
|
$98,000 | 0.19% |
| Nightdragon Acquisition Corp |
No change
10,000
|
$98,000 | 0.19% |
| Babcock Wilcox Enterprises |
Opened
10,000
|
$64,000 | 0.13% |
| No transactions found | |||
| Showing first 500 out of 54 holdings | |||
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