13F
中
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TT International Asset Management LTD

13F equity value
$916M
Positions
48
Top 10 concentration
74.4%
Quarters / total new picks
20 / 182
13F equity value over time
$0M$1B$3B2020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 20 quarters, returned +4.0% per quarter — versus +2.5% per quarter from simply owning every 13F stock. It beat that baseline in only 60.0% of quarters (excess t = 1.02, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+2.0%
t-stat
1.02
Quarterly win rate
60%
Annualized excess
+6.0%
$1 → follow vs universe
$2.01 vs $1.54
Cumulative return: $1 invested in new picks vs universe
1.00 20200630: universe 1.10520210331: universe 1.11520210630: universe 1.20420210930: universe 1.08020211231: universe 0.91920220331: universe 0.98720220630: universe 0.91520220930: universe 0.98220221231: universe 0.91220230331: universe 0.96120230930: universe 1.09120231231: universe 1.14020240331: universe 1.16620240630: universe 1.27220240930: universe 1.26120241231: universe 1.17720250331: universe 1.28320250630: universe 1.32320250930: universe 1.48820251231: universe 1.539 20200630: follow 1.14420210331: follow 1.11920210630: follow 1.08020210930: follow 1.08720211231: follow 0.90620220331: follow 0.89320220630: follow 1.01020220930: follow 1.09920221231: follow 1.04120230331: follow 1.10120230930: follow 1.27820231231: follow 1.48020240331: follow 1.43220240630: follow 1.64420240930: follow 1.67920241231: follow 1.59820250331: follow 1.62320250630: follow 1.67120250930: follow 2.06120251231: follow 2.011 0.82 1.52 2.23 202020212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 48 · 2026 Q1

Ticker Value Weight QoQ
BABA $116M
12.7%
ADD
ITUB $80M
8.7%
ADD
ARIS $77M
8.4%
ADD
VIST $74M
8.1%
ADD
BIDU $70M
7.6%
ADD
EGO $68M
7.4%
ADD
YPF $60M
6.5%
ADD
BAP $54M
5.9%
NEW
BTG $43M
4.7%
ADD
GGAL $39M
4.3%
TRIM
BMA $37M
4.0%
ADD
TSM $32M
3.5%
ADD
PAM $30M
3.3%
ADD
BSAC $27M
2.9%
ADD
BCH $26M
2.8%
ADD
PBR $22M
2.4%
NEW
TGS $21M
2.3%
ADD
IBN $5M
0.6%
TRIM
SE $4M
0.4%
ADD
MMYT $3M
0.3%
NEW

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

ACMAXIABAPBLDBLDRBRBRCDWDTGRABMKSIMMYTMRKMRVLNTESPAASPBRRJFSFMSVMTRMBWT

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.