Q3 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| TXN | New | TEXAS INSTRS INCput | $7,231,000 | – | 67,400 | – | 54.01% | – |
| NTES | New | NETEASE INCsponsored adr | $2,066,000 | – | 9,050 | – | 15.43% | – |
| QCOM | New | QUALCOMM INC | $1,765,000 | – | 24,500 | – | 13.18% | – |
| CEO | New | CNOOC LTDsponsored adr | $877,000 | – | 4,440 | – | 6.55% | – |
| HTHT | New | HUAZHU GROUP LTDsponsored ads | $867,000 | – | 26,847 | – | 6.48% | – |
| BIDU | Sell | BAIDU INCspon adr rep a | $297,000 | -69.9% | 1,300 | -68.0% | 2.22% | -82.8% |
| MOMO | Buy | MOMO INCadr | $285,000 | +7.5% | 6,500 | +6.6% | 2.13% | -38.4% |
| TAL | Exit | TAL ED GROUPsponsored ads | $0 | – | -12,300 | – | -5.91% | – |
| EDU | Exit | NEW ORIENTAL ED & TECH GRP Ispon adr | $0 | – | -9,000 | – | -11.11% | – |
| BGNE | Exit | BEIGENE LTDsponsored adr | $0 | – | -8,521 | – | -17.08% | – |
| MLCO | Exit | MELCO RESORT ENTERTAINMENT Ladr | $0 | – | -61,400 | – | -22.41% | – |
| OLED | Exit | UNIVERSAL DISPLAY CORP | $0 | – | -24,235 | – | -27.17% | – |
Q2 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| OLED | New | UNIVERSAL DISPLAY CORP | $2,084,000 | – | 24,235 | – | 27.17% | – |
| MLCO | New | MELCO RESORT ENTERTAINMENT Ladr | $1,719,000 | – | 61,400 | – | 22.41% | – |
| BGNE | New | BEIGENE LTDsponsored adr | $1,310,000 | – | 8,521 | – | 17.08% | – |
| BIDU | New | BAIDU INCspon adr rep a | $987,000 | – | 4,060 | – | 12.87% | – |
| EDU | New | NEW ORIENTAL ED & TECH GRP Ispon adr | $852,000 | – | 9,000 | – | 11.11% | – |
| TAL | New | TAL ED GROUPsponsored ads | $453,000 | – | 12,300 | – | 5.91% | – |
| MOMO | New | MOMO INCadr | $265,000 | – | 6,100 | – | 3.46% | – |
Q4 2017
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| YUMC | Exit | YUM CHINA HLDGS INC | $0 | – | -26,000 | – | -10.34% | – |
| BIDU | Exit | BAIDU INCspon adr rep a | $0 | – | -6,500 | – | -16.02% | – |
| BABA | Exit | ALIBABA GROUP HLDG LTDsponsored ads | $0 | – | -11,200 | – | -19.25% | – |
| HIMX | Exit | HIMAX TECHNOLOGIES INCsponsored adr | $0 | – | -500,000 | – | -54.39% | – |
Q3 2017
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| HIMX | Buy | HIMAX TECHNOLOGIES INCsponsored adr | $5,465,000 | +142.8% | 500,000 | +82.1% | 54.39% | +5016.6% |
| BABA | New | ALIBABA GROUP HLDG LTDsponsored ads | $1,934,000 | – | 11,200 | – | 19.25% | – |
| BIDU | New | BAIDU INCspon adr rep a | $1,610,000 | – | 6,500 | – | 16.02% | – |
| YUMC | New | YUM CHINA HLDGS INC | $1,039,000 | – | 26,000 | – | 10.34% | – |
| PDCE | Exit | PDC ENERGY INC | $0 | – | -691 | – | -0.01% | – |
| CLR | Exit | CONTINENTAL RESOURCES INC | $0 | – | -1,200 | – | -0.02% | – |
| MOMO | Exit | MOMO INCadr | $0 | – | -1,600 | – | -0.03% | – |
| MLCO | Exit | MELCO RESORT ENTERTAINMENT Ladr | $0 | – | -98,800 | – | -1.05% | – |
| MU | Exit | MICRON TECHNOLOGY INC | $0 | – | -82,994 | – | -1.17% | – |
| CENX | Exit | CENTURY ALUM CO | $0 | – | -200,000 | – | -1.47% | – |
| TSE | Exit | TRINSEO S A | $0 | – | -150,000 | – | -4.87% | – |
| EOG | Exit | EOG RES INC | $0 | – | -116,000 | – | -4.96% | – |
| XEC | Exit | CIMAREX ENERGY CO | $0 | – | -160,000 | – | -7.10% | – |
| DVN | Exit | DEVON ENERGY CORP NEW | $0 | – | -475,000 | – | -7.17% | – |
| ECA | Exit | ENCANA CORP | $0 | – | -1,765,644 | – | -7.34% | – |
| OLN | Exit | OLIN CORP | $0 | – | -523,502 | – | -7.49% | – |
| CE | Exit | CELANESE CORP DEL | $0 | – | -175,000 | – | -7.85% | – |
| VALE | Exit | VALE S Aadr | $0 | – | -2,056,847 | – | -8.50% | – |
| APD | Exit | AIR PRODS & CHEMS INC | $0 | – | -175,000 | – | -11.82% | – |
| AA | Exit | ALCOA CORP | $0 | – | -787,520 | – | -12.14% | – |
| TECK | Exit | TECK RESOURCES LTDcl b | $0 | – | -1,948,605 | – | -15.95% | – |
Q2 2017
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| TECK | New | TECK RESOURCES LTDcl b | $33,769,000 | – | 1,948,605 | – | 15.95% | – |
| AA | New | ALCOA CORP | $25,713,000 | – | 787,520 | – | 12.14% | – |
| APD | New | AIR PRODS & CHEMS INC | $25,036,000 | – | 175,000 | – | 11.82% | – |
| VALE | New | VALE S Aadr | $17,997,000 | – | 2,056,847 | – | 8.50% | – |
| CE | New | CELANESE CORP DEL | $16,615,000 | – | 175,000 | – | 7.85% | – |
| OLN | New | OLIN CORP | $15,852,000 | – | 523,502 | – | 7.49% | – |
| ECA | New | ENCANA CORP | $15,538,000 | – | 1,765,644 | – | 7.34% | – |
| DVN | New | DEVON ENERGY CORP NEW | $15,186,000 | – | 475,000 | – | 7.17% | – |
| XEC | New | CIMAREX ENERGY CO | $15,042,000 | – | 160,000 | – | 7.10% | – |
| EOG | New | EOG RES INC | $10,500,000 | – | 116,000 | – | 4.96% | – |
| TSE | New | TRINSEO S A | $10,305,000 | – | 150,000 | – | 4.87% | – |
| CENX | New | CENTURY ALUM CO | $3,116,000 | – | 200,000 | – | 1.47% | – |
| MU | New | MICRON TECHNOLOGY INC | $2,478,000 | – | 82,994 | – | 1.17% | – |
| HIMX | New | HIMAX TECHNOLOGIES INCsponsored adr | $2,251,000 | – | 274,522 | – | 1.06% | – |
| MLCO | New | MELCO RESORT ENTERTAINMENT Ladr | $2,218,000 | – | 98,800 | – | 1.05% | – |
| MOMO | New | MOMO INCadr | $59,000 | – | 1,600 | – | 0.03% | – |
| CLR | New | CONTINENTAL RESOURCES INC | $39,000 | – | 1,200 | – | 0.02% | – |
| PDCE | New | PDC ENERGY INC | $30,000 | – | 691 | – | 0.01% | – |
Q4 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BP | Exit | BP PLCsponsored adr | $0 | – | -8,176 | – | -0.13% | – |
| CBPO | Exit | CHINA BIOLOGIC PRODS INC | $0 | – | -8,000 | – | -0.45% | – |
| TSM | Exit | TAIWAN SEMICONDUCTOR MFG LTDsponsored adr | $0 | – | -35,000 | – | -0.49% | – |
| PXD | Exit | PIONEER NAT RES CO | $0 | – | -40,000 | – | -3.37% | – |
| ALB | Exit | ALBEMARLE CORP | $0 | – | -100,000 | – | -3.88% | – |
| GOLD | Exit | BARRICK GOLD CORP | $0 | – | -500,006 | – | -4.02% | – |
| APD | Exit | AIR PRODS & CHEMS INC | $0 | – | -65,910 | – | -4.50% | – |
| X | Exit | UNITED STATES STL CORP NEW | $0 | – | -530,000 | – | -4.54% | – |
| WLK | Exit | WESTLAKE CHEM CORP | $0 | – | -198,500 | – | -4.82% | – |
| FCX | Exit | FREEPORT-MCMORAN INCcl b | $0 | – | -1,000,000 | – | -4.93% | – |
| CLR | Exit | CONTINENTAL RESOURCES INC | $0 | – | -210,500 | – | -4.96% | – |
| ECA | Exit | ENCANA CORP | $0 | – | -1,074,015 | – | -5.10% | – |
| TSE | Exit | TRINSEO S A | $0 | – | -200,000 | – | -5.13% | – |
| BHP | Exit | BHP BILLITON LTDsponsored adr | $0 | – | -350,000 | – | -5.50% | – |
| MEOH | Exit | METHANEX CORP | $0 | – | -350,000 | – | -5.67% | – |
| HUN | Exit | HUNTSMAN CORP | $0 | – | -950,000 | – | -7.01% | – |
| CE | Exit | CELANESE CORP DEL | $0 | – | -250,000 | – | -7.55% | – |
| STLD | Exit | STEEL DYNAMICS INC | $0 | – | -800,000 | – | -9.07% | – |
| CC | Exit | CHEMOURS CO | $0 | – | -1,285,000 | – | -9.33% | – |
| APC | Exit | ANADARKO PETE CORP | $0 | – | -332,081 | – | -9.55% | – |
Q3 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| APC | New | ANADARKO PETE CORP | $21,041,000 | – | 332,081 | – | 9.55% | – |
| CC | New | CHEMOURS CO | $20,560,000 | – | 1,285,000 | – | 9.33% | – |
| STLD | New | STEEL DYNAMICS INC | $19,992,000 | – | 800,000 | – | 9.07% | – |
| CE | New | CELANESE CORP DEL | $16,640,000 | – | 250,000 | – | 7.55% | – |
| HUN | Sell | HUNTSMAN CORP | $15,457,000 | +19.3% | 950,000 | -1.3% | 7.01% | +10.9% |
| MEOH | New | METHANEX CORP | $12,488,000 | – | 350,000 | – | 5.67% | – |
| BHP | Sell | BHP BILLITON LTDsponsored adr | $12,128,000 | +6.2% | 350,000 | -12.5% | 5.50% | -1.3% |
| TSE | New | TRINSEO S A | $11,312,000 | – | 200,000 | – | 5.13% | – |
| ECA | New | ENCANA CORP | $11,245,000 | – | 1,074,015 | – | 5.10% | – |
| CLR | New | CONTINENTAL RESOURCES INC | $10,938,000 | – | 210,500 | – | 4.96% | – |
| FCX | New | FREEPORT-MCMORAN INCcl b | $10,860,000 | – | 1,000,000 | – | 4.93% | – |
| WLK | Sell | WESTLAKE CHEM CORP | $10,620,000 | -5.5% | 198,500 | -24.2% | 4.82% | -12.2% |
| X | New | UNITED STATES STL CORP NEW | $9,996,000 | – | 530,000 | – | 4.54% | – |
| APD | Sell | AIR PRODS & CHEMS INC | $9,909,000 | -50.2% | 65,910 | -52.9% | 4.50% | -53.7% |
| GOLD | New | BARRICK GOLD CORP | $8,860,000 | – | 500,006 | – | 4.02% | – |
| ALB | New | ALBEMARLE CORP | $8,549,000 | – | 100,000 | – | 3.88% | – |
| PXD | New | PIONEER NAT RES CO | $7,426,000 | – | 40,000 | – | 3.37% | – |
| TSM | New | TAIWAN SEMICONDUCTOR MFG LTDsponsored adr | $1,071,000 | – | 35,000 | – | 0.49% | – |
| CBPO | New | CHINA BIOLOGIC PRODS INC | $996,000 | – | 8,000 | – | 0.45% | – |
| BP | Sell | BP PLCsponsored adr | $287,000 | -98.4% | 8,176 | -98.4% | 0.13% | -98.5% |
| AUOTY | Exit | AU OPTRONICS CORPsponsored adr | $0 | – | -310,000 | – | -0.53% | – |
| OLN | Exit | OLIN CORP | $0 | – | -350,000 | – | -4.24% | – |
| IOC | Exit | INTEROIL CORP | $0 | – | -289,800 | – | -6.37% | – |
| GDX | Exit | VANECK VECTORS ETF TRgold miners etf | $0 | – | -600,000 | – | -8.12% | – |
| SCCO | Exit | SOUTHERN COPPER CORP | $0 | – | -675,000 | – | -8.89% | – |
| FMC | Exit | F M C CORP | $0 | – | -419,204 | – | -9.48% | – |
| SU | Exit | SUNCOR ENERGY INC NEW | $0 | – | -850,000 | – | -11.47% | – |
| ASH | Exit | ASHLAND INC NEW | $0 | – | -270,100 | – | -15.13% | – |
Q2 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| ASH | New | ASHLAND INC NEW | $30,999,000 | – | 270,100 | – | 15.13% | – |
| SU | New | SUNCOR ENERGY INC NEW | $23,500,000 | – | 850,000 | – | 11.47% | – |
| APD | New | AIR PRODS & CHEMS INC | $19,886,000 | – | 140,000 | – | 9.71% | – |
| FMC | New | F M C CORP | $19,413,000 | – | 419,204 | – | 9.48% | – |
| SCCO | New | SOUTHERN COPPER CORP | $18,212,000 | – | 675,000 | – | 8.89% | – |
| BP | New | BP PLCsponsored adr | $17,755,000 | – | 500,000 | – | 8.67% | – |
| GDX | New | VANECK VECTORS ETF TRgold miners etf | $16,626,000 | – | 600,000 | – | 8.12% | – |
| IOC | New | INTEROIL CORP | $13,041,000 | – | 289,800 | – | 6.37% | – |
| HUN | New | HUNTSMAN CORP | $12,951,000 | – | 962,915 | – | 6.32% | – |
| BHP | New | BHP BILLITON LTDsponsored adr | $11,424,000 | – | 400,000 | – | 5.58% | – |
| WLK | New | WESTLAKE CHEM CORP | $11,242,000 | – | 261,937 | – | 5.49% | – |
| OLN | New | OLIN CORP | $8,694,000 | – | 350,000 | – | 4.24% | – |
| AUOTY | New | AU OPTRONICS CORPsponsored adr | $1,082,000 | – | 310,000 | – | 0.53% | – |