# Portland Hill Asset Management Ltd

> Institutional holdings reported to the SEC as of Q1 2024 on Form 13F. CIK 1703658. Source: https://holderbook.com/funds/1703658-portland-hill-asset-management-ltd/

- Reported value: $40.9M
- Positions: 28
- Weight of the ten largest: 84.2%
- Filed: 2024-05-31

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 |
|---|---|---|---|---|---|
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $9.1M | 18,812 | 22.3% | 22 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $5.2M | 34,610 | 12.8% | 22 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $3.7M | 51,361 | 9.1% | 22 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $3.3M | 18,289 | 8.1% | 22 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $3.1M | 18,048 | 7.6% | 22 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $3.1M | 2,036 | 7.5% | 22 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $2.8M | 760 | 6.7% | 22 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $1.4M | 21,622 | 3.5% | 22 |
| TAPESTRY INC | [TPR](https://holderbook.com/stocks/TPR/) | $1.4M | 29,843 | 3.5% | 22 |
| EXPEDIA GROUP INC | [EXPE](https://holderbook.com/stocks/EXPE/) | $1.3M | 9,480 | 3.2% | 22 |
| EBAY INC. | [EBAY](https://holderbook.com/stocks/EBAY/) | $1.1M | 20,846 | 2.7% | 22 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $958.1K | 10,195 | 2.3% | 1 |
| DR REDDYS LABS LTD | [RDY](https://holderbook.com/stocks/RDY/) | $906.0K | 12,352 | 2.2% | 22 |
| CAPRI HOLDINGS LIMITED | [CPRI](https://holderbook.com/stocks/CPRI/) | $807.9K | 17,834 | 2.0% | 21 |
| PETROLEO BRASILEIRO S A | [PBR](https://holderbook.com/stocks/PBR/) | $565.1K | 37,152 | 1.4% | 9 |
| VALE S A | [VALE](https://holderbook.com/stocks/VALE/) | $398.9K | 32,727 | 1.0% | 3 |
| TEVA PHARMACEUTICAL INDS LTD | [TEVA](https://holderbook.com/stocks/TEVA/) | $296.4K | 21,008 | 0.7% | 22 |
| BAIDU INC | [BIDU](https://holderbook.com/stocks/BIDU/) | $282.9K | 2,687 | 0.7% | 22 |
| SENDAS DISTRIBUIDORA S A | [ASAIY](https://holderbook.com/stocks/ASAIY/) | $251.5K | 17,016 | 0.6% | 13 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $182.4K | 737 | 0.4% | 16 |
| ZIMMER BIOMET HOLDINGS INC | [ZBH](https://holderbook.com/stocks/ZBH/) | $154.8K | 1,173 | 0.4% | 17 |
| QUEST DIAGNOSTICS INC | [DGX](https://holderbook.com/stocks/DGX/) | $153.2K | 1,151 | 0.4% | 18 |
| TRIP COM GROUP LTD | [TCOM](https://holderbook.com/stocks/TCOM/) | $122.0K | 2,780 | 0.3% | 11 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $103.6K | 655 | 0.3% | 15 |
| JD.COM INC | [JD](https://holderbook.com/stocks/JD/) | $89.0K | 3,251 | 0.2% | 11 |
| INTERNATIONAL FLAVORS&FRAGRA | [IFF](https://holderbook.com/stocks/IFF/) | $86.2K | 1,003 | 0.2% | 18 |
| COMPANHIA BRASILEIRA DE DIST | [CBDBY](https://holderbook.com/stocks/CBDBY/) | $11.5K | 18,219 | 0.0% | 11 |
| ENVOY MEDICAL INC | [COCHW](https://holderbook.com/stocks/COCHW/) | $660 | 16,466 | 0.0% | 1 |

## 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 |
|---|---|---|---|---|
| Q1 2024 | +9.4% | +10.0% | -0.7% | 105% |
| Q4 2023 | +11.1% | +11.2% | -0.1% | 101% |
| Q3 2023 | +1.0% | -3.6% | +4.5% | 102% |
| Q2 2023 | +6.0% | +8.3% | -2.3% | 105% |
| Q1 2023 | +21.7% | +7.0% | +14.6% | 108% |
| Q4 2022 | +2.9% | +7.1% | -4.2% | 107% |
| Q3 2022 | -8.9% | -5.3% | -3.6% | 105% |
| Q2 2022 | -21.4% | -16.5% | -5.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2024 | $40.9M | 28 |
| Q4 2023 | $38.3M | 27 |
| Q3 2023 | $38.8M | 42 |
| Q2 2023 | $42.3M | 42 |
| Q1 2023 | $42.9M | 38 |
| Q4 2022 | $36.1M | 40 |
| Q3 2022 | $53.6M | 40 |
| Q2 2022 | $73.9M | 45 |
| Q1 2022 | $110.2M | 44 |
| Q4 2021 | $131.7M | 41 |
| Q3 2021 | $150.8M | 41 |
| Q2 2021 | $169.3M | 33 |