ABS Direct Equity Fund LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 9, 2024), ABS Direct Equity Fund LLC reported 42 stock positions worth $102.1 million. Its top holding was Fomento Economico Mex-SP ADR (FMX) at 9.1% of the portfolio, followed by America Movil Sab DE CV (AMX, 6.8%) and MercadoLibre (MELI, 4.9%). Compared with Q4 2023, it opened 8 new positions, sold out of 9, added to 9 and reduced 14. The biggest buy was a new position in Rentokil Initial PLC-SP ADR (RTO) and the biggest sale Griffon (GFF, shares −58%).
- Most Recent 13F
- Q2 2026
- Location
- STAMFORD, CT
- CIK
- 0001729347
- Portfolio Value
- $102.1M (Q1 2024)
- SEC Filing
- 0001999371-24-005813 ↗ filed May 9, 2024
Holdings Value
Holdings 42 stocks · $102.1M
| FMX Fomento Economico Mex-SP ADR | 9.09% | 71,200 | $9.3M | Add +3.0% |
| AMX America Movil Sab DE CV | 6.85% | 374,400 | $7.0M | Add +9.8% |
| MELI MercadoLibre Inc. | 4.95% | 3,341 | $5.1M | Reduce -37.2% |
| CX Cemex Sab-Spons ADR Part Cer | 4.93% | 558,700 | $5.0M | Reduce -28.0% |
| RCM R1 RCM Inc. | 4.73% | 375,000 | $4.8M | Reduce -6.3% |
| GFF Griffon Corp. | 4.67% | 65,000 | $4.8M | Reduce -57.9% |
| PDD PDD Holdings Inc. | 4.29% | 37,700 | $4.4M | Add +57.1% |
| RTO Rentokil Initial PLC-SP ADR | 3.58% | 121,260 | $3.7M | New |
| EEFT Euronet Worldwide Inc. | 3.23% | 30,000 | $3.3M | No change |
| BXC Bluelinx Holdings Inc. | 3.19% | 25,000 | $3.3M | Reduce -9.4% |
| TCOM Trip.com Group Ltd.-ADR | 3.03% | 70,531 | $3.1M | Reduce -23.9% |
| YMM Full Truck Alliance -SPN ADR | 2.88% | 404,000 | $2.9M | Add +52.9% |
| XPOF Xponential Fitness Inc. Class A | 2.84% | 175,000 | $2.9M | Add +40.0% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 2.82% | 22,362 | $2.9M | New |
| CROX Crocs Inc. | 2.82% | 20,000 | $2.9M | No change |
| ALTG Alta Equipment Group Inc. | 2.79% | 220,000 | $2.8M | No change |
| HTHT H World Group Ltd.-ADR | 2.61% | 68,794 | $2.7M | No change |
| SWI Solarwinds Corp. | 2.47% | 200,000 | $2.5M | No change |
| PAC Grupo Aeroportuario Pac-ADR | 2.29% | 14,350 | $2.3M | Add +2.9% |
| VIPS Vipshop Holdings Ltd. - ADR | 2.29% | 141,385 | $2.3M | New |
| PAR Par Technology Corp. | 2.00% | 45,000 | $2.0M | New |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 1.95% | 100,400 | $2.0M | New |
| MNSO Miniso Group Holding Ltd.-ADR | 1.78% | 88,441 | $1.8M | Add +16.6% |
| ABG Asbury Automotive Group | 1.73% | 7,500 | $1.8M | No change |
| BIDU Baidu Inc. - Spon ADR | 1.38% | 13,339 | $1.4M | No change |
| IMXI International Money Express | 1.34% | 60,000 | $1.4M | Reduce -29.4% |
| TGS Transportador Gas-ADR SP B | 1.34% | 90,370 | $1.4M | New |
| VALE Vale SA-SP ADR | 1.28% | 107,523 | $1.3M | Reduce -2.3% |
| SKY Champion Homes Inc. filed as SKYLINE CHAMPION CORPORATION | 1.25% | 15,000 | $1.3M | No change |
| EMBJ Embraer SA-Spon ADR | 1.14% | 43,750 | $1.2M | New |
| OMAB Grupo Aeroportuario Cen-ADR | 1.03% | 13,300 | $1.1M | Add +4.7% |
| LEGH Legacy Housing Corp. | 1.02% | 48,426 | $1.0M | Reduce -3.1% |
| EXTR Extreme Networks Inc. | 0.96% | 85,000 | $981K | Reduce -15.0% |
| BZ Kanzhun Ltd. - ADR | 0.93% | 54,000 | $947K | Reduce -1.1% |
| BABA Alibaba Group Holding-SP ADR | 0.84% | 11,900 | $861K | No change |
| IIIV I3 Verticals Inc. Class A | 0.67% | 30,000 | $687K | Reduce -14.3% |
| ASO Academy Sports & Outdoors Inc. | 0.66% | 10,000 | $675K | Reduce -66.7% |
| VIST Vista Energy Sab DE CV | 0.63% | 15,633 | $647K | New |
| BSAC Banco Santander-Chile-ADR | 0.60% | 30,720 | $609K | Reduce -74.3% |
| DADA Dada Nexus Ltd.-ADR | 0.40% | 200,900 | $412K | No change |
| SWIM Latham Group Inc. | 0.39% | 100,000 | $396K | Add +44.2% |
| NTES Netease Inc.-ADR | 0.31% | 3,100 | $321K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| GFF Griffon Corp. | Reduce -57.9% | 4.67% | −4.18 |
| MELI MercadoLibre Inc. | Reduce -37.2% | 4.95% | −2.92 |
| YUMC Yum China Holdings Inc. | Sold out | 0.00% | −2.05 |
| CPNG Coupang Inc. | Sold out | 0.00% | −2.00 |
| INFY Infosys Ltd.-SP ADR | Sold out | 0.00% | −1.96 |
| ASR Grupo Aeroportuario Sur-ADR | Sold out | 0.00% | −1.91 |
| BSAC Banco Santander-Chile-ADR | Reduce -74.3% | 0.60% | −1.59 |
| RYAAY Ryanair Holdings PLC-SP ADR | Sold out | 0.00% | −1.39 |
| ASO Academy Sports & Outdoors Inc. | Reduce -66.7% | 0.66% | −1.20 |
| ALV Autoliv Inc. | Sold out | 0.00% | −1.20 |
| CCU Cia Cervecerias Uni-Spon ADR | Sold out | 0.00% | −1.16 |
| CX Cemex Sab-Spons ADR Part Cer | Reduce -28.0% | 4.93% | −0.73 |
| EXTR Extreme Networks Inc. | Reduce -15.0% | 0.96% | −0.70 |
| TOL Toll Brothers Inc. | Sold out | 0.00% | −0.48 |
| IMXI International Money Express | Reduce -29.4% | 1.34% | −0.43 |
| VALE Vale SA-SP ADR | Reduce -2.3% | 1.28% | −0.36 |
| LEGH Legacy Housing Corp. | Reduce -3.1% | 1.02% | −0.17 |
| TCOM Trip.com Group Ltd.-ADR | Reduce -23.9% | 3.03% | −0.11 |
| LX Lexinfintech Holdings L-ADR | Sold out | 0.00% | −0.04 |
| IIIV I3 Verticals Inc. Class A | Reduce -14.3% | 0.67% | −0.02 |
| BZ Kanzhun Ltd. - ADR | Reduce -1.1% | 0.93% | +0.07 |
| BXC Bluelinx Holdings Inc. | Reduce -9.4% | 3.19% | +0.25 |
| RCM R1 RCM Inc. | Reduce -6.3% | 4.73% | +0.75 |
Portfolio Buys Q4 2023 → Q1 2024
| RTO Rentokil Initial PLC-SP ADR | New | 3.58% | +3.58 |
| KSPI JSC Kaspi.kz ADR | New | 2.82% | +2.82 |
| VIPS Vipshop Holdings Ltd. - ADR | New | 2.29% | +2.29 |
| PAR Par Technology Corp. | New | 2.00% | +2.00 |
| YPF YPF S.A.-Sponsored ADR | New | 1.95% | +1.95 |
| TGS Transportador Gas-ADR SP B | New | 1.34% | +1.34 |
| XPOF Xponential Fitness Inc. Class A | Add +40.0% | 2.84% | +1.32 |
| EMBJ Embraer SA-Spon ADR | New | 1.14% | +1.14 |
| YMM Full Truck Alliance -SPN ADR | Add +52.9% | 2.88% | +1.14 |
| PDD PDD Holdings Inc. | Add +57.1% | 4.29% | +0.99 |
| AMX America Movil Sab DE CV | Add +9.8% | 6.85% | +0.90 |
| VIST Vista Energy Sab DE CV | New | 0.63% | +0.63 |
| FMX Fomento Economico Mex-SP ADR | Add +3.0% | 9.09% | +0.61 |
| MNSO Miniso Group Holding Ltd.-ADR | Add +16.6% | 1.78% | +0.32 |
| SWIM Latham Group Inc. | Add +44.2% | 0.39% | +0.22 |
| OMAB Grupo Aeroportuario Cen-ADR | Add +4.7% | 1.03% | +0.02 |
| PAC Grupo Aeroportuario Pac-ADR | Add +2.9% | 2.29% | −0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026Amended | 0 | $0 | |
| Q1 2026 | 109 | $130.9M | CX, PDD, FMX, PAM, KSPI |
| Q4 2025 | 36 | $84.1M | FMX, PDD, CX, AMX, PAR |
| Q3 2025 | 29 | $69.9M | FMX, PDD, FLYW, FIVN, PRKS |
| Q2 2025 | 33 | $62.9M | FMX, YMM, PAR, FLYW, PHIN |
| Q1 2025 | 42 | $74.8M | PDD, FMX, PAR, RTO, EEFT |
| Q4 2024 | 38 | $86.3M | PDD, FMX, PAR, RTO, YMM |
| Q3 2024 | 39 | $89.8M | PDD, FMX, AMX, YMM, GFF |
| Q2 2024 | 39 | $89.0M | FMX, PDD, AMX, RCM, CX |
| Q1 2024 | 42 | $102.1M | FMX, AMX, MELI, CX, RCM |