ABS Direct Equity Fund LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 15, 2024), ABS Direct Equity Fund LLC reported 39 stock positions worth $89.8 million. Its top holding was PDD (PDD) at 9.0% of the portfolio, followed by Fomento Economico Mex-SP ADR (FMX, 8.5%) and America Movil Sab DE CV (AMX, 7.5%). Compared with Q2 2024, it opened 6 new positions, sold out of 6, added to 18 and reduced 10. The biggest buy was a new position in United Parks & Resorts (PRKS) and the biggest sale an exit from R1 RCM (RCM).
- Most Recent 13F
- Q2 2026
- Location
- STAMFORD, CT
- CIK
- 0001729347
- Portfolio Value
- $89.8M (Q3 2024)
- SEC Filing
- 0001839882-24-039529 ↗ filed Nov 15, 2024
Holdings Value
Holdings 39 stocks · $89.8M
| PDD PDD Holdings Inc. | 9.02% | 60,100 | $8.1M | Add +24.2% |
| FMX Fomento Economico Mex-SP ADR | 8.54% | 77,700 | $7.7M | Reduce -7.5% |
| AMX America Movil Sab DE CV | 7.54% | 413,922 | $6.8M | Add +21.4% |
| YMM Full Truck Alliance -SPN ADR | 4.89% | 487,400 | $4.4M | Add +36.7% |
| GFF Griffon Corp. | 4.87% | 62,500 | $4.4M | Reduce -10.7% |
| PAR Par Technology Corp. | 4.27% | 73,580 | $3.8M | Add +7.3% |
| CX Cemex Sab-Spons ADR Part Cer | 3.99% | 588,000 | $3.6M | Reduce -20.2% |
| PRKS United Parks & Resorts Inc. | 3.94% | 70,000 | $3.5M | New |
| RTO Rentokil Initial PLC-SP ADR | 3.47% | 124,900 | $3.1M | Add +3.9% |
| SWI Solarwinds Corp. | 3.42% | 235,000 | $3.1M | Add +11.9% |
| EEFT Euronet Worldwide Inc. | 3.32% | 30,000 | $3.0M | Add +21.8% |
| PAC Grupo Aeroportuario Pac-ADR | 2.94% | 15,160 | $2.6M | Add +4.9% |
| TCOM Trip.com Group Ltd.-ADR | 2.80% | 42,231 | $2.5M | No change |
| HTHT H World Group Ltd.-ADR | 2.69% | 64,994 | $2.4M | No change |
| PHIN Phinia Inc. | 2.56% | 50,000 | $2.3M | Add +12400.0% |
| XPOF Xponential Fitness Inc. Class A | 2.49% | 180,000 | $2.2M | Add +5.9% |
| ASR Grupo Aeroportuario Sur-ADR | 2.19% | 6,970 | $2.0M | Add +4.7% |
| CROX Crocs Inc. | 2.02% | 12,500 | $1.8M | Add +66.7% |
| BZ Kanzhun Ltd. - ADR | 2.01% | 104,172 | $1.8M | Add +84.5% |
| TGS Transportador Gas-ADR SP B | 1.90% | 92,832 | $1.7M | Reduce -32.6% |
| ABG Asbury Automotive Group | 1.86% | 7,000 | $1.7M | Reduce -6.7% |
| MNSO Miniso Group Holding Ltd.-ADR | 1.82% | 92,941 | $1.6M | Add +5.1% |
| ALTG Alta Equipment Group Inc. | 1.57% | 209,200 | $1.4M | Reduce -4.9% |
| IMXI International Money Express | 1.54% | 75,000 | $1.4M | No change |
| LEGH Legacy Housing Corp. | 1.52% | 50,000 | $1.4M | Add +3.3% |
| EXTR Extreme Networks Inc. | 1.42% | 85,000 | $1.3M | Reduce -43.3% |
| BABA Alibaba Group Holding-SP ADR | 1.41% | 11,900 | $1.3M | No change |
| BIDU Baidu Inc. - Spon ADR | 1.26% | 10,739 | $1.1M | No change |
| MELI MercadoLibre Inc. | 1.14% | 500 | $1.0M | Reduce -65.0% |
| SWIM Latham Group Inc. | 1.14% | 150,000 | $1.0M | Reduce -4.5% |
| KOF Coca-Cola Femsa Sab-SP ADR | 1.12% | 11,300 | $1.0M | New |
| BXC Bluelinx Holdings Inc. | 1.08% | 9,226 | $973K | Reduce -53.9% |
| OMAB Grupo Aeroportuario Cen-ADR | 1.05% | 13,850 | $939K | Add +4.9% |
| IIIV I3 Verticals Inc. Class A | 0.83% | 35,000 | $746K | Add +40.0% |
| EDU New Oriental Educatio-SP ADR | 0.63% | 7,400 | $561K | Add +17.5% |
| ONT Onterris Inc. filed as MONTROSE ENVIRONMENTAL GROUP | 0.50% | 17,164 | $451K | New |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 0.49% | 21,900 | $436K | New |
| PAM Pampa Energia SA-Spon ADR | 0.40% | 6,000 | $360K | New |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 0.35% | 15,000 | $318K | New |
Portfolio Sells Q2 2024 → Q3 2024
| RCM R1 RCM Inc. | Sold out | 0.00% | −5.29 |
| KSPI JSC Kaspi.kz ADR | Sold out | 0.00% | −2.60 |
| FMX Fomento Economico Mex-SP ADR | Reduce -7.5% | 8.54% | −1.61 |
| MELI MercadoLibre Inc. | Reduce -65.0% | 1.14% | −1.49 |
| VALE Vale SA-SP ADR | Sold out | 0.00% | −1.39 |
| CX Cemex Sab-Spons ADR Part Cer | Reduce -20.2% | 3.99% | −1.29 |
| TGS Transportador Gas-ADR SP B | Reduce -32.6% | 1.90% | −1.04 |
| BXC Bluelinx Holdings Inc. | Reduce -53.9% | 1.08% | −1.01 |
| EXTR Extreme Networks Inc. | Reduce -43.3% | 1.42% | −0.84 |
| VLRS Controladora Vuela Cia-ADR | Sold out | 0.00% | −0.84 |
| SKY Champion Homes Inc. | Sold out | 0.00% | −0.76 |
| ALTG Alta Equipment Group Inc. | Reduce -4.9% | 1.57% | −0.42 |
| GFF Griffon Corp. | Reduce -10.7% | 4.87% | −0.15 |
| VIPS Vipshop Holdings Ltd. - ADR | Sold out | 0.00% | −0.07 |
| ABG Asbury Automotive Group | Reduce -6.7% | 1.86% | −0.06 |
| SWIM Latham Group Inc. | Reduce -4.5% | 1.14% | +0.60 |
Portfolio Buys Q2 2024 → Q3 2024
| PRKS United Parks & Resorts Inc. | New | 3.94% | +3.94 |
| PHIN Phinia Inc. | Add +12400.0% | 2.56% | +2.55 |
| PDD PDD Holdings Inc. | Add +24.2% | 9.02% | +1.80 |
| YMM Full Truck Alliance -SPN ADR | Add +36.7% | 4.89% | +1.67 |
| KOF Coca-Cola Femsa Sab-SP ADR | New | 1.12% | +1.12 |
| AMX America Movil Sab DE CV | Add +21.4% | 7.54% | +1.03 |
| BZ Kanzhun Ltd. - ADR | Add +84.5% | 2.01% | +0.82 |
| CROX Crocs Inc. | Add +66.7% | 2.02% | +0.79 |
| PAR Par Technology Corp. | Add +7.3% | 4.27% | +0.64 |
| SWI Solarwinds Corp. | Add +11.9% | 3.42% | +0.57 |
| ONT Onterris Inc. | New | 0.50% | +0.50 |
| BEKE Ke Holdings Inc.-ADR | New | 0.49% | +0.49 |
| EEFT Euronet Worldwide Inc. | Add +21.8% | 3.32% | +0.45 |
| PAC Grupo Aeroportuario Pac-ADR | Add +4.9% | 2.94% | +0.41 |
| PAM Pampa Energia SA-Spon ADR | New | 0.40% | +0.40 |
| YPF YPF S.A.-Sponsored ADR | New | 0.35% | +0.35 |
| LEGH Legacy Housing Corp. | Add +3.3% | 1.52% | +0.28 |
| IIIV I3 Verticals Inc. Class A | Add +40.0% | 0.83% | +0.21 |
| EDU New Oriental Educatio-SP ADR | Add +17.5% | 0.63% | +0.08 |
| OMAB Grupo Aeroportuario Cen-ADR | Add +4.9% | 1.05% | +0.04 |
| ASR Grupo Aeroportuario Sur-ADR | Add +4.7% | 2.19% | −0.05 |
| MNSO Miniso Group Holding Ltd.-ADR | Add +5.1% | 1.82% | −0.08 |
| XPOF Xponential Fitness Inc. Class A | Add +5.9% | 2.49% | −0.49 |
| RTO Rentokil Initial PLC-SP ADR | Add +3.9% | 3.47% | −0.54 |
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 |