ABS Direct Equity Fund LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 30, 2026), ABS Direct Equity Fund LLC reported 36 stock positions worth $84.1 million. Its top holding was Fomento Economico Mex-SP ADR (FMX) at 7.9% of the portfolio, followed by PDD (PDD, 7.8%) and Cemex Sab-Spons ADR Part Cer (CX, 6.7%). Compared with Q3 2025, it opened 11 new positions, sold out of 4, added to 13 and reduced 8. The biggest buy was a new position in Cemex Sab-Spons ADR Part Cer (CX) and the biggest sale Fomento Economico Mex-SP ADR (FMX, shares −27%).
- Most Recent 13F
- Q2 2026
- Location
- STAMFORD, CT
- CIK
- 0001729347
- Portfolio Value
- $84.1M (Q4 2025)
- SEC Filing
- 0001999371-26-002218 ↗ filed Jan 30, 2026
Holdings Value
Holdings 36 stocks · $84.1M
| FMX Fomento Economico Mex-SP ADR | 7.94% | 66,060 | $6.7M | Reduce -26.8% |
| PDD PDD Holdings Inc. | 7.76% | 57,530 | $6.5M | Add +33.7% |
| CX Cemex Sab-Spons ADR Part Cer | 6.74% | 492,700 | $5.7M | New |
| AMX America Movil Sab DE CV | 6.73% | 273,800 | $5.7M | Add +1549.4% |
| PAR Par Technology Corp. | 5.61% | 130,000 | $4.7M | Add +73.3% |
| FLYW Flywire Corp.-Voting | 5.39% | 320,000 | $4.5M | Reduce -1.5% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 4.53% | 48,685 | $3.8M | Add +42.0% |
| GFF Griffon Corp. | 4.38% | 50,000 | $3.7M | Add +25.0% |
| EEFT Euronet Worldwide Inc. | 3.85% | 42,520 | $3.2M | Add +6.3% |
| POWL Powell Industries Inc. | 3.79% | 10,000 | $3.2M | Add +33.3% |
| FIVN FIVE9 Inc. | 3.58% | 150,000 | $3.0M | No change |
| YMM Full Truck Alliance -SPN ADR | 3.48% | 272,619 | $2.9M | No change |
| PHIN Phinia Inc. | 3.36% | 45,000 | $2.8M | Reduce -10.0% |
| PAC Grupo Aeroportuario Pac-ADR | 3.22% | 10,260 | $2.7M | Reduce -28.6% |
| PAM Pampa Energia SA-Spon ADR | 2.75% | 26,105 | $2.3M | Add +11.8% |
| ASR Grupo Aeroportuario Sur-ADR | 2.60% | 6,770 | $2.2M | Reduce -39.2% |
| KOF Coca-Cola Femsa Sab-SP ADR | 2.26% | 20,050 | $1.9M | Add +6.1% |
| PRKS United Parks & Resorts Inc. | 2.16% | 50,000 | $1.8M | Reduce -28.6% |
| TGS Transportador Gas-ADR SP B | 1.93% | 52,093 | $1.6M | New |
| OMAB Grupo Aeroportuario Cen-ADR | 1.77% | 13,650 | $1.5M | Add +5.8% |
| XPOF Xponential Fitness Inc. Class A | 1.76% | 180,000 | $1.5M | Add +2.9% |
| BMA Banco Macro SA-ADR | 1.75% | 16,300 | $1.5M | Reduce -46.6% |
| LTM Latam Airlines Group SA-ADR | 1.70% | 26,457 | $1.4M | New |
| LOMA Loma Negra Cia Ind-Spon ADR | 1.60% | 103,990 | $1.3M | New |
| AVTR Avantor Inc. | 1.36% | 100,000 | $1.1M | No change |
| VTMX Corp. Inmobiliaria Vesta-ADR filed as VESTA REAL ESTATE CORP | 1.33% | 36,800 | $1.1M | Reduce -9.8% |
| MELI MercadoLibre Inc. | 1.22% | 510 | $1.0M | New |
| LEGN Legend Biotech Corp.-ADR | 1.22% | 47,200 | $1.0M | Add +42.6% |
| ALTG Alta Equipment Group Inc. | 1.01% | 185,000 | $851K | Add +5.7% |
| CSR Centerspace | 0.86% | 10,807 | $721K | New |
| DHI D.R. Horton Inc. | 0.86% | 5,000 | $720K | New |
| HEPS D-Market Electronic Serv-ADR | 0.55% | 185,300 | $460K | No change |
| INVH Invitation Homes Inc. | 0.45% | 13,526 | $376K | New |
| RGLD Royal Gold Inc. | 0.28% | 1,069 | $238K | New |
| RNTX Rein Therapeutics Inc. | 0.17% | 125,000 | $145K | New |
| ACTU Actuate Therapeutics Inc. | 0.05% | 6,597 | $40K | New |
Portfolio Sells Q3 2025 → Q4 2025
| FMX Fomento Economico Mex-SP ADR | Reduce -26.8% | 7.94% | −4.79 |
| PRKS United Parks & Resorts Inc. | Reduce -28.6% | 2.16% | −3.02 |
| ASR Grupo Aeroportuario Sur-ADR | Reduce -39.2% | 2.60% | −2.55 |
| GGAL Grupo Financiero Galicia-ADR | Sold out | 0.00% | −1.85 |
| PAC Grupo Aeroportuario Pac-ADR | Reduce -28.6% | 3.22% | −1.66 |
| AIOT Powerfleet Inc. | Sold out | 0.00% | −1.04 |
| LEGH Legacy Housing Corp. | Sold out | 0.00% | −0.98 |
| FLYW Flywire Corp.-Voting | Reduce -1.5% | 5.39% | −0.90 |
| PHIN Phinia Inc. | Reduce -10.0% | 3.36% | −0.75 |
| SWIM Latham Group Inc. | Sold out | 0.00% | −0.54 |
| VTMX Corp. Inmobiliaria Vesta-ADR | Reduce -9.8% | 1.33% | −0.32 |
| BMA Banco Macro SA-ADR | Reduce -46.6% | 1.75% | −0.10 |
Portfolio Buys Q3 2025 → Q4 2025
| CX Cemex Sab-Spons ADR Part Cer | New | 6.74% | +6.74 |
| AMX America Movil Sab DE CV | Add +1549.4% | 6.73% | +6.23 |
| TGS Transportador Gas-ADR SP B | New | 1.93% | +1.93 |
| LTM Latam Airlines Group SA-ADR | New | 1.70% | +1.70 |
| LOMA Loma Negra Cia Ind-Spon ADR | New | 1.60% | +1.60 |
| PAR Par Technology Corp. | Add +73.3% | 5.61% | +1.37 |
| MELI MercadoLibre Inc. | New | 1.22% | +1.22 |
| CSR Centerspace | New | 0.86% | +0.86 |
| DHI D.R. Horton Inc. | New | 0.86% | +0.86 |
| PAM Pampa Energia SA-Spon ADR | Add +11.8% | 2.75% | +0.74 |
| POWL Powell Industries Inc. | Add +33.3% | 3.79% | +0.52 |
| KSPI JSC Kaspi.kz ADR | Add +42.0% | 4.53% | +0.52 |
| INVH Invitation Homes Inc. | New | 0.45% | +0.45 |
| RGLD Royal Gold Inc. | New | 0.28% | +0.28 |
| RNTX Rein Therapeutics Inc. | New | 0.17% | +0.17 |
| ACTU Actuate Therapeutics Inc. | New | 0.05% | +0.05 |
| GFF Griffon Corp. | Add +25.0% | 4.38% | +0.03 |
| KOF Coca-Cola Femsa Sab-SP ADR | Add +6.1% | 2.26% | +0.01 |
| OMAB Grupo Aeroportuario Cen-ADR | Add +5.8% | 1.77% | −0.15 |
| XPOF Xponential Fitness Inc. Class A | Add +2.9% | 1.76% | −0.19 |
| LEGN Legend Biotech Corp.-ADR | Add +42.6% | 1.22% | −0.32 |
| PDD PDD Holdings Inc. | Add +33.7% | 7.76% | −0.37 |
| ALTG Alta Equipment Group Inc. | Add +5.7% | 1.01% | −0.80 |
| EEFT Euronet Worldwide Inc. | Add +6.3% | 3.85% | −1.17 |
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 |