ABS Direct Equity Fund LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 22, 2025), ABS Direct Equity Fund LLC reported 38 stock positions worth $86.3 million. Its top holding was PDD (PDD) at 6.8% of the portfolio, followed by Fomento Economico Mex-SP ADR (FMX, 6.7%) and Par Technology (PAR, 5.9%). Compared with Q3 2024, it opened 5 new positions, sold out of 6, added to 7 and reduced 16. The biggest buy was a new position in JSC Kaspi.kz ADR (KSPI) and the biggest sale America Movil Sab DE CV (AMX, shares −48%).
- Most Recent 13F
- Q2 2026
- Location
- STAMFORD, CT
- CIK
- 0001729347
- Portfolio Value
- $86.3M (Q4 2024)
- SEC Filing
- 0001999371-25-000566 ↗ filed Jan 22, 2025
Holdings Value
Holdings 38 stocks · $86.3M
| PDD PDD Holdings Inc. | 6.76% | 60,100 | $5.8M | No change |
| FMX Fomento Economico Mex-SP ADR | 6.73% | 67,900 | $5.8M | Reduce -12.6% |
| PAR Par Technology Corp. | 5.90% | 70,000 | $5.1M | Reduce -4.9% |
| RTO Rentokil Initial PLC-SP ADR | 4.70% | 160,000 | $4.1M | Add +28.1% |
| YMM Full Truck Alliance -SPN ADR | 4.69% | 373,700 | $4.0M | Reduce -23.3% |
| PRKS United Parks & Resorts Inc. | 4.56% | 70,000 | $3.9M | No change |
| GFF Griffon Corp. | 4.13% | 50,000 | $3.6M | Reduce -20.0% |
| CX Cemex Sab-Spons ADR Part Cer | 3.82% | 584,300 | $3.3M | Reduce -0.6% |
| ASR Grupo Aeroportuario Sur-ADR | 3.73% | 12,480 | $3.2M | Add +79.0% |
| SWI Solarwinds Corp. | 3.72% | 225,000 | $3.2M | Reduce -4.3% |
| AMX America Movil Sab DE CV | 3.60% | 216,800 | $3.1M | Reduce -47.6% |
| EEFT Euronet Worldwide Inc. | 3.58% | 30,000 | $3.1M | No change |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 3.26% | 29,713 | $2.8M | New |
| TCOM Trip.com Group Ltd.-ADR | 3.15% | 39,531 | $2.7M | Reduce -6.4% |
| OMAB Grupo Aeroportuario Cen-ADR | 2.92% | 36,700 | $2.5M | Add +165.0% |
| PHIN Phinia Inc. | 2.79% | 50,000 | $2.4M | No change |
| XPOF Xponential Fitness Inc. Class A | 2.73% | 175,000 | $2.4M | Reduce -2.8% |
| MNSO Miniso Group Holding Ltd.-ADR | 2.14% | 77,441 | $1.9M | Reduce -16.7% |
| PAC Grupo Aeroportuario Pac-ADR | 2.14% | 10,550 | $1.8M | Reduce -30.4% |
| TGS Transportador Gas-ADR SP B | 2.02% | 59,669 | $1.7M | Reduce -35.7% |
| ABG Asbury Automotive Group | 1.97% | 7,000 | $1.7M | No change |
| CROX Crocs Inc. | 1.90% | 15,000 | $1.6M | Add +20.0% |
| IMXI International Money Express | 1.81% | 75,000 | $1.6M | No change |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 1.80% | 84,200 | $1.6M | Add +284.5% |
| PAM Pampa Energia SA-Spon ADR | 1.75% | 17,200 | $1.5M | Add +186.7% |
| HTHT H World Group Ltd.-ADR | 1.66% | 43,394 | $1.4M | Reduce -33.2% |
| SWIM Latham Group Inc. | 1.61% | 200,000 | $1.4M | Add +33.3% |
| ALTG Alta Equipment Group Inc. | 1.59% | 209,200 | $1.4M | No change |
| LEGH Legacy Housing Corp. | 1.43% | 50,000 | $1.2M | No change |
| BABA Alibaba Group Holding-SP ADR | 1.17% | 11,900 | $1.0M | No change |
| BZ Kanzhun Ltd. - ADR | 1.04% | 65,272 | $901K | Reduce -37.3% |
| MELI MercadoLibre Inc. | 0.99% | 500 | $850K | No change |
| EXTR Extreme Networks Inc. | 0.90% | 46,523 | $779K | Reduce -45.3% |
| EDN Emp Distrib Y Comerc Nor-ADR filed as EMPRESA DIST Y COMERCIAL NOR | 0.85% | 17,038 | $731K | New |
| GGAL Grupo Financiero Galicia-ADR | 0.77% | 10,639 | $663K | New |
| HEPS D-Market Electronic Serv-ADR | 0.63% | 180,000 | $545K | New |
| BXC Bluelinx Holdings Inc. | 0.59% | 5,000 | $511K | Reduce -45.8% |
| BBAR Bbva Argentina SA-ADR filed as BANCO BBVA ARGENTINA S A | 0.47% | 21,417 | $408K | New |
Portfolio Sells Q3 2024 → Q4 2024
| AMX America Movil Sab DE CV | Reduce -47.6% | 3.60% | −3.95 |
| FMX Fomento Economico Mex-SP ADR | Reduce -12.6% | 6.73% | −1.81 |
| BIDU Baidu Inc. - Spon ADR | Sold out | 0.00% | −1.26 |
| KOF Coca-Cola Femsa Sab-SP ADR | Sold out | 0.00% | −1.12 |
| HTHT H World Group Ltd.-ADR | Reduce -33.2% | 1.66% | −1.03 |
| BZ Kanzhun Ltd. - ADR | Reduce -37.3% | 1.04% | −0.97 |
| IIIV I3 Verticals Inc. Class A | Sold out | 0.00% | −0.83 |
| PAC Grupo Aeroportuario Pac-ADR | Reduce -30.4% | 2.14% | −0.80 |
| GFF Griffon Corp. | Reduce -20.0% | 4.13% | −0.74 |
| EDU New Oriental Educatio-SP ADR | Sold out | 0.00% | −0.63 |
| EXTR Extreme Networks Inc. | Reduce -45.3% | 0.90% | −0.52 |
| ONT Onterris Inc. | Sold out | 0.00% | −0.50 |
| BXC Bluelinx Holdings Inc. | Reduce -45.8% | 0.59% | −0.49 |
| YPF YPF S.A.-Sponsored ADR | Sold out | 0.00% | −0.35 |
| YMM Full Truck Alliance -SPN ADR | Reduce -23.3% | 4.69% | −0.20 |
| CX Cemex Sab-Spons ADR Part Cer | Reduce -0.6% | 3.82% | −0.17 |
| TGS Transportador Gas-ADR SP B | Reduce -35.7% | 2.02% | +0.13 |
| XPOF Xponential Fitness Inc. Class A | Reduce -2.8% | 2.73% | +0.24 |
| SWI Solarwinds Corp. | Reduce -4.3% | 3.72% | +0.30 |
| MNSO Miniso Group Holding Ltd.-ADR | Reduce -16.7% | 2.14% | +0.33 |
| TCOM Trip.com Group Ltd.-ADR | Reduce -6.4% | 3.15% | +0.35 |
| PAR Par Technology Corp. | Reduce -4.9% | 5.90% | +1.63 |
Portfolio Buys Q3 2024 → Q4 2024
| KSPI JSC Kaspi.kz ADR | New | 3.26% | +3.26 |
| OMAB Grupo Aeroportuario Cen-ADR | Add +165.0% | 2.92% | +1.87 |
| ASR Grupo Aeroportuario Sur-ADR | Add +79.0% | 3.73% | +1.53 |
| PAM Pampa Energia SA-Spon ADR | Add +186.7% | 1.75% | +1.35 |
| BEKE Ke Holdings Inc.-ADR | Add +284.5% | 1.80% | +1.31 |
| RTO Rentokil Initial PLC-SP ADR | Add +28.1% | 4.70% | +1.23 |
| EDN Emp Distrib Y Comerc Nor-ADR | New | 0.85% | +0.85 |
| GGAL Grupo Financiero Galicia-ADR | New | 0.77% | +0.77 |
| HEPS D-Market Electronic Serv-ADR | New | 0.63% | +0.63 |
| SWIM Latham Group Inc. | Add +33.3% | 1.61% | +0.48 |
| BBAR Bbva Argentina SA-ADR | New | 0.47% | +0.47 |
| CROX Crocs Inc. | Add +20.0% | 1.90% | −0.11 |
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 |