# Evolution Capital Management LLC

> Institutional holdings reported to the SEC as of Q4 2022 on Form 13F. CIK 1388294. Source: https://holderbook.com/funds/1388294-evolution-capital-management-llc/

- Reported value: $29.0M
- Positions: 46
- Weight of the ten largest: 71.6%
- Filed: 2023-02-13

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $5.6M | 63,754 | 19.4% | 3 |
| JD.COM INC | [JD](https://holderbook.com/stocks/JD/) | $3.5M | 61,500 | 11.9% | 2 |
| BLACK SPADE ACQUISITION CO | [BSAQ](https://holderbook.com/stocks/BSAQ/) | $2.6M | 262,000 | 9.1% | 4 |
| TRIP COM GROUP LTD | [TCOM](https://holderbook.com/stocks/TCOM/) | $2.1M | 59,974 | 7.1% | 2 |
| THUNDER BRDG CAP PRTNRS IV I | [THCP](https://holderbook.com/stocks/THCP/) | $2.0M | 200,000 | 6.9% | 4 |
| BILIBILI INC | [BILI](https://holderbook.com/stocks/BILI/) | $1.5M | 65,000 | 5.3% | 1 |
| ELLIOTT OPPORTUNITY II CORP | [EOCW](https://holderbook.com/stocks/EOCW/) | $1.0M | 100,000 | 3.5% | 4 |
| L CATTERTON ASIA ACQUISITION | [LCAA](https://holderbook.com/stocks/LCAA/) | $909.0K | 90,000 | 3.1% | 5 |
| GDS HLDGS LTD | [GDS](https://holderbook.com/stocks/GDS/) | $801.6K | 38,875 | 2.8% | 1 |
| BAIDU INC | [BIDU](https://holderbook.com/stocks/BIDU/) | $714.9K | 6,250 | 2.5% | 1 |
| REDFIN CORP | [RDFN](https://holderbook.com/stocks/RDFN/) | $678.4K | 160,000 | 2.3% | 3 |
| AMBER INTL HLDG LTD | [AMBR](https://holderbook.com/stocks/AMBR/) | $677.9K | 176,086 | 2.3% | 1 |
| SPDR SERIES TRUST | [KBE](https://holderbook.com/stocks/KBE/) | $677.2K | 15,000 | 2.3% | 1 |
| NETEASE COM INC | [NTES](https://holderbook.com/stocks/NTES/) | $605.7K | 8,340 | 2.1% | 2 |
| LIVE OAK MOBILITY ACQUISI CO | [LOKM](https://holderbook.com/stocks/LOKM/) | $502.8K | 50,000 | 1.7% | 5 |
| ALBEMARLE CORP | [ALB](https://holderbook.com/stocks/ALB/) | $487.9K | 2,250 | 1.7% | 1 |
| KHOSLA VENTURES ACQUISITION | [KVSA](https://holderbook.com/stocks/KVSA/) | $449.1K | 45,000 | 1.6% | 5 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $412.9K | 10,000 | 1.4% | 1 |
| LDH GROWTH CORP I | [LDHA](https://holderbook.com/stocks/LDHA/) | $261.8K | 26,000 | 0.9% | 5 |
| ARES ACQUISITION CORPORATION | [AAC](https://holderbook.com/stocks/AAC/) | $258.7K | 25,690 | 0.9% | 5 |
| JAWS MUSTANG ACQUISITION COR | [JWSMF](https://holderbook.com/stocks/JWSMF/) | $252.6K | 25,000 | 0.9% | 5 |
| FORTRESS CAPITAL ACQUISITION | [FCAX](https://holderbook.com/stocks/FCAX/) | $252.5K | 25,000 | 0.9% | 5 |
| KHOSLA VENTURES ACQUT CO III | [KVSC](https://holderbook.com/stocks/KVSC/) | $248.9K | 25,000 | 0.9% | 5 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $248.4K | 7,500 | 0.9% | 1 |
| EFFECTOR THERAPEUTICS INC | [EFTR](https://holderbook.com/stocks/EFTR/) | $225.7K | 527,885 | 0.8% | 3 |
| FTAC HERA ACQUISITION CORP | [HERA](https://holderbook.com/stocks/HERA/) | $202.4K | 20,000 | 0.7% | 5 |
| LAZARD GROWTH ACQUISITION CO | [LGAC](https://holderbook.com/stocks/LGAC/) | $202.2K | 20,000 | 0.7% | 5 |
| PERIDOT ACQUISITION CORP II | [PDOT](https://holderbook.com/stocks/PDOT/) | $202.1K | 20,000 | 0.7% | 5 |
| FISCALNOTE HOLDINGS INC | [NOTEWS](https://holderbook.com/stocks/NOTEWS/) | $157.7K | 128,237 | 0.5% | 2 |
| SILVER SPIKE ACQUISITN CORP | [SPKB](https://holderbook.com/stocks/SPKB/) | $151.3K | 15,000 | 0.5% | 5 |
| FOREST ROAD ACQUISITION COR | [FRXB](https://holderbook.com/stocks/FRXB/) | $150.5K | 15,000 | 0.5% | 5 |
| APOLLO STRATEGIC GRWT CPTL I | [APGB](https://holderbook.com/stocks/APGB/) | $150.3K | 15,000 | 0.5% | 5 |
| DRAGONEER GROWTH OPT CORP II | [DGNU](https://holderbook.com/stocks/DGNU/) | $147.8K | 15,000 | 0.5% | 5 |
| LAIRD SUPERFOOD INC | [LSF](https://holderbook.com/stocks/LSF/) | $126.0K | 150,000 | 0.4% | 1 |
| PIVOTAL INVESTMENT CORP III | [PICC](https://holderbook.com/stocks/PICC/) | $101.2K | 10,000 | 0.3% | 5 |
| TZP STRATEGIES ACQUISTN CORP | [TZPS](https://holderbook.com/stocks/TZPS/) | $101.0K | 10,000 | 0.3% | 5 |
| ALTIMAR ACQUISITION CORP III | [ATAQ](https://holderbook.com/stocks/ATAQ/) | $100.7K | 10,000 | 0.3% | 5 |
| STRATIM CLOUD ACQUISITION CO | [SCAQ](https://holderbook.com/stocks/SCAQ/) | $100.6K | 10,000 | 0.3% | 5 |
| PRENETICS GLOBAL LTD | [PRENW](https://holderbook.com/stocks/PRENW/) | $26.7K | 166,666 | 0.1% | 3 |
| LANVIN GROUP HOLDINGS LIMITE | [LANVWS](https://holderbook.com/stocks/LANVWS/) | $15.0K | 50,000 | 0.1% | 1 |
| MAGNUM OPUS ACQUISITION LTD | [OPAWS](https://holderbook.com/stocks/OPAWS/) | $12.3K | 150,000 | 0.0% | 5 |
| BLACK SPADE ACQUISITION CO | [BSAQWS](https://holderbook.com/stocks/BSAQWS/) | $9.8K | 131,000 | 0.0% | 4 |
| EFFECTOR THERAPEUTICS INC | [EFTRW](https://holderbook.com/stocks/EFTRW/) | $8.2K | 50,000 | 0.0% | 3 |
| BRIDGETOWN HOLDINGS LTD | [BTWNW](https://holderbook.com/stocks/BTWNW/) | $3.8K | 33,333 | 0.0% | 5 |
| ELLIOTT OPPORTUNITY II CORP | [EOCWF](https://holderbook.com/stocks/EOCWF/) | $1.9K | 25,000 | 0.0% | 4 |
| L CATTERTON ASIA ACQUISITION | [LCAAW](https://holderbook.com/stocks/LCAAW/) | $1.3K | 30,000 | 0.0% | 5 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q4 2022 | +8.5% | +7.1% | +1.4% | 71% |
| Q3 2022 | -26.9% | -5.3% | -21.6% | 99% |
| Q2 2022 | -13.5% | -16.5% | +3.0% | 84% |
| Q1 2022 | -24.0% | -4.9% | -19.1% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2022 | $29.0M | 46 |
| Q3 2022 | $68.1M | 57 |
| Q2 2022 | $66.8M | 62 |
| Q1 2022 | $44.4M | 66 |
| Q4 2021 | $31.7M | 56 |