ABS Direct Equity Fund LLC

CIK 1729347 · View on SEC EDGAR ↗

Portfolio value
$159.2M
#7,197 of 9,443 by 13F value · top 76.2%
Positions
111
As of
June 30, 2026

Portfolio value QoQ: +27.7% 13F does not disclose cash

Top 10 holdings weight
40.37%
Top 25 holdings weight
62.35%
Positions above 1%
25
Effective number of positions
39.0

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 41.21% Est. buys $58,487,091 · sells $349,697,255

Median holding: 2.0 quarters Tracked Q4 2024–Q2 2026 · 61.7% still held

New positions
42
Increased
21
Decreased
43
Closed
40
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+1.8%
S&P 500 total return (same window)
+28.1%
Excess return
-26.3%

Annualized: +1.2% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 99.4% · Options excluded: 0.0%

Sector breakdown

Technology
20.1%
Industrials
17.8%
Retail
12.7%
Financial Services
8.8%
Utilities
8.6%
Financials
5.7%
Healthcare
5.1%
Consumer Discretionary
4.1%
Consumer Staples
3.9%
Energy
3.6%
Telecommunication
2.1%
Communication Services
1.7%
Real Estate
1.5%
Materials
1.4%
Communications
1.3%
Diversified Consumer Services
1.1%
Other/Unmapped
0.5%

Full portfolio 111 positions

Type Streak 8Q trend
PDD PDD Holdings Inc. - American Depositary Shares $14,311,577 8.99% 85,772 $8,541,967 Up ×4
PAM Pampa Energia S.A. $8,253,736 5.18% 77,660 $6,404,306 Up ×1
KSPI Joint Stock Company Kaspi.kz - American Depository Shares $6,635,324 4.17% 50,458 $809,628 Down ×1
CX Cemex, S.A.B. de C.V. Sponsored ADR $6,433,200 4.04% 536,100 $-1,476,645 Down ×1
FMX Fomento Economico Mexicano S.A.B. de C.V. Common Stock $6,171,175 3.88% 48,250 $-1,081,043 Down ×3
FLYW Flywire Corporation - Voting Common Stock $6,149,500 3.86% 350,000 $2,075,500
SRE DBA Sempra Common Stock $5,377,180 3.38% 50,093 $2,947,930 Up ×1
MELI MercadoLibre, Inc. - Common Stock $3,734,258 2.35% 3,695 $-1,457,759 Up ×2
TGS Transportadora de Gas del Sur SA TGS Common Stock $3,712,118 2.33% 124,861 $1,155,097 Up ×2
PAC Grupo Aeroportuario Del Pacifico, S.A. B. de C.V. Grupo Aeroportuario Del Pacifico, S.A. de C.V. (each representing 10 Series B shares) $3,493,608 2.19% 13,800 $-165,005 Down ×1
GFF Griffon Corporation Common Stock $3,413,550 2.14% 35,000 $506,350 Down ×2
GGAL Grupo Financiero Galicia S.A. - American Depositary Shares, Class B Shares underlying $3,394,285 2.13% 67,845
TEO Telecom Argentina SA $3,032,614 1.90% 233,278 Up ×1
PAR PAR Technology Corporation Common Stock $2,613,000 1.64% 150,000 $613,500
PRKS United Parks & Resorts Inc. Common Stock $2,387,000 1.50% 50,000 $754,000
BMA Banco Macro S.A. ADR (representing Ten Class B Common Shares) $2,268,455 1.42% 24,500
SHC Sotera Health Company - Common Stock $2,218,750 1.39% 125,000 $1,501,750 Up ×1
CHH Choice Hotels International, Inc. Common Stock $2,205,400 1.39% 20,000 $-399,799 Down ×1
FIVN Five9, Inc. - Common Stock $2,132,000 1.34% 100,000 $-371,050 Down ×1
MU Micron Technology, Inc. - Common Stock $2,008,465 1.26% 2,309 $1,489,660 Up ×1
ASR Grupo Aeroportuario del Sureste, S.A. de C.V. Common Stock $1,993,550 1.25% 6,500 $-325,747 Down ×1
VIST Vista Energy S.A.B. de C.V. American Depositary Shares, each representing one series A share, with no par value $1,984,180 1.25% 31,100 $-279,920 Up ×1
ALAB Astera Labs, Inc. - Common Stock $1,980,382 1.24% 966 $1,497,382 Down ×1
LRN Stride, Inc. Common Stock $1,724,800 1.08% 20,000 Up ×1
YMM Full Truck Alliance Co. Ltd. American Depositary Shares (each representing 20 Class A Ordinary Shares) $1,640,825 1.03% 202,072
BVN Buenaventura Mining Company Inc. $1,558,228 0.98% 53,200 $1,089,708 Up ×1
LOMA Loma Negra Compania Industrial Argentina Sociedad Anonima ADS $1,523,995 0.96% 133,100 $-471,772 Down ×1
BE Bloom Energy Corporation Class A Common Stock $1,513,500 0.95% 605 $993,948 Down ×1
TDOC Teladoc Health, Inc. Common Stock $1,513,154 0.95% 178,438 Up ×1
GOOGL Alphabet Inc. - Class A Common Stock $1,443,775 0.91% 715 $983,875 Down ×1
NVDA NVIDIA Corporation - Common Stock $1,420,639 0.89% 400 $1,023,679 Down ×1
CSR D/B/A Centerspace Common Stock $1,404,750 0.88% 25,000 $-31,500
OMAB Grupo Aeroportuario del Centro Norte S.A.B. de C.V. - American Depositary Shares each representing 8 Series B shares $1,402,316 0.88% 12,400 $-163,749 Down ×1
GDDY GoDaddy Inc. Class A Common Stock $1,383,544 0.87% 170 Up ×1
AMZN Amazon.com, Inc. - Common Stock $1,358,538 0.85% 477 $923,258 Down ×1
AMAT Applied Materials, Inc. - Common Stock $1,344,780 0.84% 1,446 $1,070,814 Up ×1
XPOF Xponential Fitness, Inc. Class A Common Stock $1,340,612 0.84% 193,730 $257,012 Up ×1
MSFT Microsoft Corporation - Common Stock $1,327,951 0.83% 746 $947,421 Down ×1
BSAC Banco Santander - Chile ADS $1,317,200 0.83% 40,000 Up ×1
RXT Rackspace Technology, Inc. - Common Stock $1,306,000 0.82% 200,000 Up ×1
FSLR First Solar, Inc. - Common Stock $1,297,780 0.82% 472 $917,278 Down ×1
META Meta Platforms, Inc. - Class A Common Stock $1,284,301 0.81% 1,127 $918,055 Up ×1
BBD Banco Bradesco Sa American Depositary Shares $1,270,020 0.80% 366,000
APH Amphenol Corporation Common Stock $1,269,504 0.80% 353 Up ×1
LRCX Lam Research Corporation - Common Stock $1,256,657 0.79% 867 $1,023,944 Down ×1
MRVL Marvell Technology, Inc. - Common Stock $1,251,138 0.79% 596 $1,022,014 Down ×1
WDC Western Digital Corporation - Common Stock $1,226,342 0.77% 1,277 $960,926 Up ×1
CIEN Ciena Corporation Common Stock $1,098,854 0.69% 981 $668,046 Up ×1
VTMX Corporacion Inmobiliaria Vesta, S.A.B de C.V. American Depositary Shares, each representing ten (10) Common Shares $1,043,024 0.66% 30,400
TER Teradyne, Inc. - Common Stock $1,006,387 0.63% 968 $871,411 Up ×1
U Unity Software Inc. Common Stock $983,152 0.62% 57 $814,060 Down ×1
AVGO Broadcom Inc. - Common Stock $967,040 0.61% 756 $850,420 Up ×1
ANET Arista Networks, Inc. Common Stock $900,364 0.57% 170 Up ×1
VRT Vertiv Holdings, LLC Class A Common Stock $897,318 0.56% 670 $698,736 Up ×1
COHR Coherent Corp. Common Stock $891,502 0.56% 789 $792,535 Up ×1
EMR Emerson Electric Company Common Stock $858,900 0.54% 143 Up ×1
W Wayfair Inc. Class A Common Stock $841,022 0.53% 92 $769,687 Down ×1
CRWV CoreWeave, Inc. - Class A Common Stock $836,136 0.53% 199 $635,448 Down ×1
GTLB GitLab Inc. - Class A Common Stock $793,780 0.50% 31 Up ×1
BCH Banco De Chile ADS $748,760 0.47% 18,832 Up ×1
EEFT Euronet Worldwide, Inc. - Common Stock $731,900 0.46% 10,000 $-1,922,900 Down ×2
INTC Intel Corporation - Common Stock $694,101 0.44% 140 $217,979 Down ×1
ISRG Intuitive Surgical, Inc. - Common Stock $668,102 0.42% 795 $505,256 Up ×1
GLW Corning Incorporated Common Stock $664,118 0.42% 255 Up ×1
TEAM Atlassian Corporation - Class A Common Stock $661,215 0.42% 78 Up ×1
TSLA Tesla, Inc. - Common Stock $656,136 0.41% 421 Up ×1
MTZ MasTec, Inc. Common Stock $649,054 0.41% 416 Up ×1
STM STMicroelectronics N.V. Common Stock $644,054 0.40% 75 Up ×1
CRM Salesforce, Inc. Common Stock $610,974 0.38% 157 Up ×1
PWR Quanta Services, Inc. Common Stock $576,032 0.36% 720 Up ×1
TXN Texas Instruments Incorporated - Common Stock $566,333 0.36% 298 Up ×1
QCOM QUALCOMM Incorporated - Common Stock $554,370 0.35% 185 Up ×1
PANW Palo Alto Networks, Inc. - Common Stock $545,632 0.34% 341 $250,336 Down ×1
CIFR Cipher Mining Inc. - Common Stock $531,650 0.33% 25 Up ×1
GPGI GPGI, Inc. Class A Common Stock $467,575 0.29% 16 Up ×1
Unknown issuer (CUSIP: 438516205) $436,605 0.27% 448 Up ×1
Unknown issuer (CUSIP: 43849R105) $431,106 0.27% 442 Up ×1
CSX CSX Corporation - Common Stock $408,758 0.26% 48 $24,166 Down ×1
EMBJ Embraer S.A. Common Stock $395,560 0.25% 6,200 Up ×1
V Visa Inc. $384,261 0.24% 343 $18,189 Down ×1
AAPL Apple Inc. - Common Stock $376,168 0.24% 289 $16,289 Down ×1
CTSH Cognizant Technology Solutions Corporation - Class A Common Stock $360,189 0.23% 9,300 Up ×1
GH Guardant Health, Inc. - Common Stock $345,069 0.22% 150 $135,378 Down ×1
AMX America Movil, S.A.B. de C.V. American Depositary Shares (each representing the right to receive twenty (20) Series B Shares $337,870 0.21% 13,000 $-625,274 Down ×2
RVMD Revolution Medicines, Inc. - Common Stock $337,104 0.21% 187 $70,884 Down ×1
WM Waste Management, Inc. Common Stock $334,320 0.21% 223 $-7,455 Down ×1
SHW Sherwin-Williams Company (The) Common Stock $316,774 0.20% 344 $31,123 Down ×1
SYNA Synaptics Incorporated - Common Stock $310,575 0.20% 124 Up ×1
ESI Element Solutions Inc. Common Stock $310,375 0.19% 48 Up ×1
TWLO Twilio Inc. Class A Common Stock $309,495 0.19% 206 $24,990 Down ×1
CYTK Cytokinetics, Incorporated - Common Stock $272,608 0.17% 85 Up ×1
MIRM Mirum Pharmaceuticals, Inc. - common stock $245,847 0.15% 117 $23,688 Down ×1
LLY Eli Lilly and Company Common Stock $239,886 0.15% 1,199 $46,300 Up ×1
LNTH Lantheus Holdings, Inc. - Common Stock $232,974 0.15% 111 Up ×1
DNTH Dianthus Therapeutics, Inc. - Common Stock $194,960 0.12% 97 $16,280 Down ×1
RGEN Repligen Corporation - Common Stock $191,016 0.12% 136 Up ×1
SYRE Spyre Therapeutics, Inc. - Common Stock $186,438 0.12% 89 $-7,126 Down ×1
COGT Cogent Biosciences, Inc. - Common Stock $181,890 0.11% 39 $9,259 Down ×1
CRL Charles River Laboratories International, Inc. Common Stock $181,432 0.11% 227 $9,112 Down ×1
SMTC Semtech Corporation - Common Stock $178,035 0.11% 162 $60,225 Down ×1

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
PDD $14,311,577 8.99% up ×4

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
GGAL $3,394,285 67,845 2.13%
TEO $3,032,614 233,278 1.90%
BMA $2,268,455 24,500 1.42%
LRN $1,724,800 20,000 1.08%
YMM $1,640,825 202,072 1.03%
TDOC $1,513,154 178,438 0.95%
GDDY $1,383,544 170 0.87%
BSAC $1,317,200 40,000 0.83%
RXT $1,306,000 200,000 0.82%
BBD $1,270,020 366,000 0.80%
APH $1,269,504 353 0.80%
VTMX $1,043,024 30,400 0.66%
ANET $900,364 170 0.57%
EMR $858,900 143 0.54%
GTLB $793,780 31 0.50%

Top movers (QoQ)

Security Action Shares Δ Value Δ
PDD Bought more +27K +$8.5M
PAM Bought more +55K +$6.4M
SRE Bought more +25K +$2.9M
FLYW Price move only +0 +$2.1M
EEFT Trimmed -30K -$1.9M
SHC Bought more +75K +$1.5M
ALAB Trimmed -1K +$1.5M
MU Bought more +1K +$1.5M
CX Trimmed -155K -$1.5M
MELI Bought more +785 -$1.5M

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
STNE June 30, 2026 480,350 $5,761,478 -12.8%
INTR June 30, 2026 581,700 $4,196,307 -0.8%
NU June 30, 2026 247,700 $3,507,432 11.5%
CLBT June 30, 2026 250,000 $3,445,000 -24.5%
SWI March 31, 2025 225,000 $3,206,250 No longer tracked
AMX June 30, 2025 220,300 $3,132,666 31.9%
YMM March 31, 2026 272,619 $2,925,202 2.8%
XP June 30, 2026 129,100 $2,458,064 2.5%
UNF June 30, 2025 12,000 $2,088,000 52.5%
CX Sept. 30, 2025 289,900 $2,009,007 20.1%
KOF June 30, 2026 20,080 $1,958,804 6.6%
SN June 30, 2026 17,500 $1,853,250 18.5%
VLRS June 30, 2025 350,600 $1,830,132 54.7%
ASR June 30, 2025 6,600 $1,807,212 -18.1%
TGS Sept. 30, 2025 69,658 $1,804,142 32.3%
GENI June 30, 2026 400,000 $1,772,000 23.7%
ABG March 31, 2025 7,000 $1,701,210 -4.9%
BAP June 30, 2026 4,500 $1,526,310 -5.2%
BMA March 31, 2026 16,300 $1,469,608 -0.6%
LTM March 31, 2026 26,457 $1,428,943 4.1%
PHIN June 30, 2026 20,003 $1,369,005 -10.5%
POWL June 30, 2026 2,500 $1,352,700 -31.2%
GGAL Dec. 31, 2025 47,030 $1,296,147 -21.2%
TCOM June 30, 2025 19,731 $1,254,497 -21.6%
PAGS June 30, 2026 118,900 $1,191,378 -3.8%
VTMX March 31, 2026 36,800 $1,122,032 3.3%
LEGN March 31, 2026 47,200 $1,026,128 25.3%
CROX Sept. 30, 2025 10,000 $1,012,800 54.2%
BABA March 31, 2025 11,900 $1,009,001 -3.3%
IMXI Sept. 30, 2025 100,000 $1,009,000 3.8%
VIST Sept. 30, 2025 20,000 $956,200 104.8%
BZ June 30, 2025 48,453 $928,844 -11.4%
ARCO June 30, 2026 109,882 $906,527 -2.5%
CELH June 30, 2026 25,000 $887,000 5.9%
BEKE June 30, 2025 42,200 $847,798 -2.5%
MELI Sept. 30, 2025 300 $784,089 -22.2%
EXTR March 31, 2025 46,523 $778,795 74.5%
EDN March 31, 2025 17,038 $731,101 -26.1%
AIOT Dec. 31, 2025 139,000 $728,360 -43.2%
DHI March 31, 2026 5,000 $720,150 11.3%
LEGH Dec. 31, 2025 25,000 $687,750 48.3%
MNSO June 30, 2025 37,054 $685,128 -39.8%
HTHT June 30, 2025 17,294 $640,051 41.3%
AMTM June 30, 2025 32,500 $591,500 -10.5%
AVTR June 30, 2026 75,000 $588,000 41.5%
LEN June 30, 2025 5,000 $573,900 -19.7%
BBD June 30, 2025 252,500 $563,075 1.5%
ALTG June 30, 2026 97,425 $523,172 5.3%
BXC March 31, 2025 5,000 $510,800 14.5%
ZM June 30, 2026 4,600 $490,498 24.0%
LITE June 30, 2026 500 $488,090 -3.2%
HEPS March 31, 2026 185,300 $459,544 -7.3%
NVT June 30, 2026 2,800 $455,532 -7.1%
BBAR Sept. 30, 2025 27,665 $455,366 78.1%
TTAM June 30, 2026 30,000 $449,400 -17.4%
ARKO June 30, 2025 100,000 $395,000 9.0%
SWIM Dec. 31, 2025 50,000 $380,500 13.1%
INVH March 31, 2026 13,526 $375,888 21.1%
SATS June 30, 2026 3,100 $373,054 No longer tracked
CEG June 30, 2026 1,160 $372,418 8.2%
FANG June 30, 2026 1,700 $363,273 20.8%
RTO Sept. 30, 2025 15,000 $360,000 -6.2%
LIN June 30, 2026 680 $335,614 -7.2%
AXON June 30, 2026 760 $299,250 12.8%
EH June 30, 2025 14,000 $292,460 -67.7%
CELC June 30, 2026 1,500 $217,470 -9.3%
ICLR June 30, 2026 1,800 $201,546 0.0%
CRDO June 30, 2026 1,100 $198,066 -14.6%
JAZZ June 30, 2026 900 $187,254 5.8%
RPRX June 30, 2026 3,600 $180,720 8.2%
CGON June 30, 2026 2,600 $176,020 10.5%
EW June 30, 2026 2,100 $174,993 2.2%
ALKS June 30, 2026 4,900 $167,433 -3.3%
SPOT June 30, 2026 360 $157,774 16.4%
DXCM June 30, 2026 2,500 $150,100 35.6%
PRAX June 30, 2026 400 $135,044 10.3%
SNOW June 30, 2026 700 $100,947 25.5%
SNPS June 30, 2026 200 $99,500 -9.7%
SHOP June 30, 2026 700 $89,285 29.9%
BBIO June 30, 2026 1,243 $85,755 13.7%