ABS Direct Equity Fund LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 7, 2024), ABS Direct Equity Fund LLC reported 39 stock positions worth $89.0 million. Its top holding was Fomento Economico Mex-SP ADR (FMX) at 10.2% of the portfolio, followed by PDD (PDD, 7.2%) and America Movil Sab DE CV (AMX, 6.5%). Compared with Q1 2024, it opened 4 new positions, sold out of 7, added to 13 and reduced 16. The biggest buy was PDD (PDD, shares +28%) and the biggest sale MercadoLibre (MELI, shares −57%).
- Most Recent 13F
- Q2 2026
- Location
- STAMFORD, CT
- CIK
- 0001729347
- Portfolio Value
- $89.0M (Q2 2024)
- SEC Filing
- 0001999371-24-009695 ↗ filed Aug 7, 2024
Holdings Value
Holdings 39 stocks · $89.0M
| FMX Fomento Economico Mex-SP ADR | 10.16% | 84,000 | $9.0M | Add +18.0% |
| PDD PDD Holdings Inc. | 7.23% | 48,406 | $6.4M | Add +28.4% |
| AMX America Movil Sab DE CV | 6.51% | 340,900 | $5.8M | Reduce -8.9% |
| RCM R1 RCM Inc. | 5.29% | 375,000 | $4.7M | No change |
| CX Cemex Sab-Spons ADR Part Cer | 5.29% | 737,000 | $4.7M | Add +31.9% |
| GFF Griffon Corp. | 5.02% | 70,000 | $4.5M | Add +7.7% |
| RTO Rentokil Initial PLC-SP ADR | 4.00% | 120,232 | $3.6M | Reduce -0.8% |
| PAR Par Technology Corp. | 3.63% | 68,580 | $3.2M | Add +52.4% |
| YMM Full Truck Alliance -SPN ADR | 3.22% | 356,500 | $2.9M | Reduce -11.8% |
| XPOF Xponential Fitness Inc. Class A | 2.98% | 170,000 | $2.7M | Reduce -2.9% |
| TGS Transportador Gas-ADR SP B | 2.94% | 137,706 | $2.6M | Add +52.4% |
| EEFT Euronet Worldwide Inc. | 2.86% | 24,636 | $2.5M | Reduce -17.9% |
| SWI Solarwinds Corp. | 2.84% | 210,000 | $2.5M | Add +5.0% |
| MELI MercadoLibre Inc. | 2.64% | 1,428 | $2.3M | Reduce -57.3% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 2.60% | 17,938 | $2.3M | Reduce -19.8% |
| PAC Grupo Aeroportuario Pac-ADR | 2.53% | 14,450 | $2.3M | Add +0.7% |
| HTHT H World Group Ltd.-ADR | 2.43% | 64,994 | $2.2M | Reduce -5.5% |
| EXTR Extreme Networks Inc. | 2.27% | 150,000 | $2.0M | Add +76.5% |
| ASR Grupo Aeroportuario Sur-ADR | 2.24% | 6,660 | $2.0M | New |
| TCOM Trip.com Group Ltd.-ADR | 2.23% | 42,231 | $2.0M | Reduce -40.1% |
| BXC Bluelinx Holdings Inc. | 2.09% | 20,000 | $1.9M | Reduce -20.0% |
| ALTG Alta Equipment Group Inc. | 1.99% | 220,000 | $1.8M | No change |
| ABG Asbury Automotive Group | 1.92% | 7,500 | $1.7M | No change |
| MNSO Miniso Group Holding Ltd.-ADR | 1.89% | 88,441 | $1.7M | No change |
| IMXI International Money Express | 1.76% | 75,000 | $1.6M | Add +25.0% |
| VALE Vale SA-SP ADR | 1.39% | 110,523 | $1.2M | Add +2.8% |
| LEGH Legacy Housing Corp. | 1.25% | 48,426 | $1.1M | No change |
| CROX Crocs Inc. | 1.23% | 7,500 | $1.1M | Reduce -62.5% |
| BZ Kanzhun Ltd. - ADR | 1.19% | 56,472 | $1.1M | Add +4.6% |
| BIDU Baidu Inc. - Spon ADR | 1.04% | 10,739 | $929K | Reduce -19.5% |
| OMAB Grupo Aeroportuario Cen-ADR | 1.00% | 13,200 | $893K | Reduce -0.8% |
| BABA Alibaba Group Holding-SP ADR | 0.96% | 11,900 | $857K | No change |
| VLRS Controladora Vuela Cia-ADR | 0.84% | 118,000 | $750K | New |
| SKY Champion Homes Inc. filed as SKYLINE CHAMPION CORPORATION | 0.76% | 10,000 | $678K | Reduce -33.3% |
| IIIV I3 Verticals Inc. Class A | 0.62% | 25,000 | $552K | Reduce -16.7% |
| EDU New Oriental Educatio-SP ADR | 0.55% | 6,300 | $490K | New |
| SWIM Latham Group Inc. | 0.53% | 157,123 | $476K | Add +57.1% |
| VIPS Vipshop Holdings Ltd. - ADR | 0.07% | 4,980 | $65K | Reduce -96.5% |
| PHIN Phinia Inc. | 0.02% | 400 | $16K | New |
Portfolio Sells Q1 2024 → Q2 2024
| MELI MercadoLibre Inc. | Reduce -57.3% | 2.64% | −2.31 |
| VIPS Vipshop Holdings Ltd. - ADR | Reduce -96.5% | 0.07% | −2.22 |
| YPF YPF S.A.-Sponsored ADR | Sold out | 0.00% | −1.95 |
| CROX Crocs Inc. | Reduce -62.5% | 1.23% | −1.59 |
| EMBJ Embraer SA-Spon ADR | Sold out | 0.00% | −1.14 |
| BXC Bluelinx Holdings Inc. | Reduce -20.0% | 2.09% | −1.10 |
| TCOM Trip.com Group Ltd.-ADR | Reduce -40.1% | 2.23% | −0.80 |
| ASO Academy Sports & Outdoors Inc. | Sold out | 0.00% | −0.66 |
| VIST Vista Energy Sab DE CV | Sold out | 0.00% | −0.63 |
| BSAC Banco Santander-Chile-ADR | Sold out | 0.00% | −0.60 |
| SKY Champion Homes Inc. | Reduce -33.3% | 0.76% | −0.49 |
| DADA Dada Nexus Ltd.-ADR | Sold out | 0.00% | −0.40 |
| EEFT Euronet Worldwide Inc. | Reduce -17.9% | 2.86% | −0.37 |
| AMX America Movil Sab DE CV | Reduce -8.9% | 6.51% | −0.34 |
| BIDU Baidu Inc. - Spon ADR | Reduce -19.5% | 1.04% | −0.33 |
| NTES Netease Inc.-ADR | Sold out | 0.00% | −0.31 |
| KSPI JSC Kaspi.kz ADR | Reduce -19.8% | 2.60% | −0.22 |
| HTHT H World Group Ltd.-ADR | Reduce -5.5% | 2.43% | −0.18 |
| IIIV I3 Verticals Inc. Class A | Reduce -16.7% | 0.62% | −0.05 |
| OMAB Grupo Aeroportuario Cen-ADR | Reduce -0.8% | 1.00% | −0.03 |
| XPOF Xponential Fitness Inc. Class A | Reduce -2.9% | 2.98% | +0.14 |
| YMM Full Truck Alliance -SPN ADR | Reduce -11.8% | 3.22% | +0.34 |
| RTO Rentokil Initial PLC-SP ADR | Reduce -0.8% | 4.00% | +0.42 |
Portfolio Buys Q1 2024 → Q2 2024
| PDD PDD Holdings Inc. | Add +28.4% | 7.23% | +2.93 |
| ASR Grupo Aeroportuario Sur-ADR | New | 2.24% | +2.24 |
| PAR Par Technology Corp. | Add +52.4% | 3.63% | +1.63 |
| TGS Transportador Gas-ADR SP B | Add +52.4% | 2.94% | +1.60 |
| EXTR Extreme Networks Inc. | Add +76.5% | 2.27% | +1.30 |
| FMX Fomento Economico Mex-SP ADR | Add +18.0% | 10.16% | +1.07 |
| VLRS Controladora Vuela Cia-ADR | New | 0.84% | +0.84 |
| EDU New Oriental Educatio-SP ADR | New | 0.55% | +0.55 |
| IMXI International Money Express | Add +25.0% | 1.76% | +0.41 |
| SWI Solarwinds Corp. | Add +5.0% | 2.84% | +0.37 |
| CX Cemex Sab-Spons ADR Part Cer | Add +31.9% | 5.29% | +0.36 |
| GFF Griffon Corp. | Add +7.7% | 5.02% | +0.35 |
| BZ Kanzhun Ltd. - ADR | Add +4.6% | 1.19% | +0.27 |
| PAC Grupo Aeroportuario Pac-ADR | Add +0.7% | 2.53% | +0.23 |
| SWIM Latham Group Inc. | Add +57.1% | 0.53% | +0.15 |
| VALE Vale SA-SP ADR | Add +2.8% | 1.39% | +0.10 |
| PHIN Phinia Inc. | New | 0.02% | +0.02 |
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 |