# ABS Direct Equity Fund LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1729347. Source: https://holderbook.com/funds/1729347-abs-direct-equity-fund-llc/

- Reported value: $159.2M
- Positions: 112
- Weight of the ten largest: 40.4%
- Filed: 2026-08-13

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 |
|---|---|---|---|---|---|
| PDD HOLDINGS INC | [PDD](https://holderbook.com/stocks/PDD/) | $14.3M | 85,772 | 9.0% | 11 |
| PAMPA ENERGIA S A | [PAM](https://holderbook.com/stocks/PAM/) | $8.3M | 77,660 | 5.2% | 8 |
| KASPI KZ JSC | [KSPI](https://holderbook.com/stocks/KSPI/) | $6.6M | 50,458 | 4.2% | 7 |
| CEMEX SA EURO MTN BE 144A | [CX](https://holderbook.com/stocks/CX/) | $6.4M | 536,100 | 4.0% | 3 |
| FOMENTO ECONOMICO MEXICANO S | [FMX](https://holderbook.com/stocks/FMX/) | $6.2M | 48,250 | 3.9% | 11 |
| FLYWIRE CORPORATION | [FLYW](https://holderbook.com/stocks/FLYW/) | $6.1M | 350,000 | 3.9% | 6 |
| SEMPRA | [SRE](https://holderbook.com/stocks/SRE/) | $5.4M | 50,093 | 3.4% | 2 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $3.7M | 3,695 | 2.3% | 3 |
| TRANSPORTADORA DE GAS DEL SU | [TGS](https://holderbook.com/stocks/TGS/) | $3.7M | 124,861 | 2.3% | 3 |
| GRUPO AEROPORTUNARIO DEL PAC | [PAC](https://holderbook.com/stocks/PAC/) | $3.5M | 13,800 | 2.2% | 11 |
| GRIFFON CORP | [GFF](https://holderbook.com/stocks/GFF/) | $3.4M | 35,000 | 2.1% | 11 |
| GRUPO FINANCIERO GALICIA S.A | [GGAL](https://holderbook.com/stocks/GGAL/) | $3.4M | 67,845 | 2.1% | 1 |
| TELECOM ARGENTINA S A | [TEO](https://holderbook.com/stocks/TEO/) | $3.0M | 233,278 | 1.9% | 1 |
| PAR TECHNOLOGY CORP | [PAR](https://holderbook.com/stocks/PAR/) | $2.6M | 150,000 | 1.6% | 10 |
| UNITED PARKS & RESORTS INC | [PRKS](https://holderbook.com/stocks/PRKS/) | $2.4M | 50,000 | 1.5% | 8 |
| BANCO MACRO SA | [BMA](https://holderbook.com/stocks/BMA/) | $2.3M | 24,500 | 1.4% | 1 |
| SOTERA HEALTH CO | [SHC](https://holderbook.com/stocks/SHC/) | $2.2M | 125,000 | 1.4% | 2 |
| CHOICE HOTELS INTL INC | [CHH](https://holderbook.com/stocks/CHH/) | $2.2M | 20,000 | 1.4% | 2 |
| FIVE9 INC | [FIVN](https://holderbook.com/stocks/FIVN/) | $2.1M | 100,000 | 1.3% | 5 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $2.0M | 2,309 | 1.3% | 2 |
| GRUPO AEROPORTUARIO DEL SURE | [ASR](https://holderbook.com/stocks/ASR/) | $2.0M | 6,500 | 1.3% | 4 |
| VISTA ENERGY S.A.B. DE C.V. | [VIST](https://holderbook.com/stocks/VIST/) | $2.0M | 31,100 | 1.2% | 2 |
| ASTERA LABS INC | [ALAB](https://holderbook.com/stocks/ALAB/) | $2.0M | 966 | 1.2% | 2 |
| STRIDE INC | [LRN](https://holderbook.com/stocks/LRN/) | $1.7M | 20,000 | 1.1% | 1 |
| FULL TRUCK ALLIANCE CO LTD | [YMM](https://holderbook.com/stocks/YMM/) | $1.6M | 202,072 | 1.0% | 1 |
| COMPANIA DE MINAS BUENAVENTU | [BVN](https://holderbook.com/stocks/BVN/) | $1.6M | 53,200 | 1.0% | 2 |
| LOMA NEGRA CORP | [LOMA](https://holderbook.com/stocks/LOMA/) | $1.5M | 133,100 | 1.0% | 3 |
| BLOOM ENERGY CORP | [BE](https://holderbook.com/stocks/BE/) | $1.5M | 605 | 1.0% | 2 |
| TELADOC HEALTH INC | [TDOC](https://holderbook.com/stocks/TDOC/) | $1.5M | 178,438 | 1.0% | 1 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.4M | 715 | 0.9% | 2 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.4M | 400 | 0.9% | 2 |
| CENTERSPACE | [CSR](https://holderbook.com/stocks/CSR/) | $1.4M | 25,000 | 0.9% | 3 |
| GRUPO AEROPORTUARIO DEL CENT | [OMAB](https://holderbook.com/stocks/OMAB/) | $1.4M | 12,400 | 0.9% | 11 |
| GODADDY INC | [GDDY](https://holderbook.com/stocks/GDDY/) | $1.4M | 170 | 0.9% | 1 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.4M | 477 | 0.9% | 2 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $1.3M | 1,446 | 0.8% | 2 |
| XPONENTIAL FITNESS INC | [XPOF](https://holderbook.com/stocks/XPOF/) | $1.3M | 193,730 | 0.8% | 11 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.3M | 746 | 0.8% | 2 |
| BANCO SANTANDER CHILE NEW | [BSAC](https://holderbook.com/stocks/BSAC/) | $1.3M | 40,000 | 0.8% | 1 |
| RACKSPACE TECHNOLOGY INC | [RXT](https://holderbook.com/stocks/RXT/) | $1.3M | 200,000 | 0.8% | 1 |
| FIRST SOLAR INC | [FSLR](https://holderbook.com/stocks/FSLR/) | $1.3M | 472 | 0.8% | 2 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.3M | 1,127 | 0.8% | 2 |
| BANCO BRADESCO S A | [BBD](https://holderbook.com/stocks/BBD/) | $1.3M | 366,000 | 0.8% | 1 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $1.3M | 353 | 0.8% | 1 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $1.3M | 867 | 0.8% | 2 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $1.3M | 596 | 0.8% | 2 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $1.2M | 1,277 | 0.8% | 2 |
| CIENA CORP | [CIEN](https://holderbook.com/stocks/CIEN/) | $1.1M | 981 | 0.7% | 2 |
| VESTA REAL ESTATE CORP | [VTMX](https://holderbook.com/stocks/VTMX/) | $1.0M | 30,400 | 0.7% | 1 |
| TERADYNE INC | [TER](https://holderbook.com/stocks/TER/) | $1.0M | 968 | 0.6% | 2 |
| UNITY SOFTWARE INC | [U](https://holderbook.com/stocks/U/) | $983.2K | 57 | 0.6% | 2 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $967.0K | 756 | 0.6% | 2 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $900.4K | 170 | 0.6% | 1 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $897.3K | 670 | 0.6% | 2 |
| COHERENT CORP | [COHR](https://holderbook.com/stocks/COHR/) | $891.5K | 789 | 0.6% | 2 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $858.9K | 143 | 0.5% | 1 |
| WAYFAIR INC | [W](https://holderbook.com/stocks/W/) | $841.0K | 92 | 0.5% | 2 |
| COREWEAVE INC | [CRWV](https://holderbook.com/stocks/CRWV/) | $836.1K | 199 | 0.5% | 2 |
| GITLAB INC | [GTLB](https://holderbook.com/stocks/GTLB/) | $793.8K | 31 | 0.5% | 1 |
| BANCO DE CHILE | [BCH](https://holderbook.com/stocks/BCH/) | $748.8K | 18,832 | 0.5% | 1 |
| EURONET WORLDWIDE INC | [EEFT](https://holderbook.com/stocks/EEFT/) | $731.9K | 10,000 | 0.5% | 11 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $694.1K | 140 | 0.4% | 2 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $668.1K | 795 | 0.4% | 2 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $664.1K | 255 | 0.4% | 1 |
| ATLASSIAN CORPORATION | [TEAM](https://holderbook.com/stocks/TEAM/) | $661.2K | 78 | 0.4% | 1 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $656.1K | 421 | 0.4% | 1 |
| MASTEC INC | [MTZ](https://holderbook.com/stocks/MTZ/) | $649.1K | 416 | 0.4% | 1 |
| STMICROELECTRONICS N V | [STM](https://holderbook.com/stocks/STM/) | $644.1K | 75 | 0.4% | 1 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $611.0K | 157 | 0.4% | 1 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $576.0K | 720 | 0.4% | 1 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $566.3K | 298 | 0.4% | 1 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $554.4K | 185 | 0.3% | 1 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $545.6K | 341 | 0.3% | 2 |
| CIPHER DIGITAL INC | [CIFR](https://holderbook.com/stocks/CIFR/) | $531.6K | 25 | 0.3% | 1 |
| GPGI INC | [GPGI](https://holderbook.com/stocks/GPGI/) | $467.6K | 16 | 0.3% | 1 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $436.6K | 448 | 0.3% | 1 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $431.1K | 442 | 0.3% | 1 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $408.8K | 48 | 0.3% | 2 |
| EMBRAER S.A. | [EMBJ](https://holderbook.com/stocks/EMBJ/) | $395.6K | 6,200 | 0.2% | 1 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $384.3K | 343 | 0.2% | 2 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $376.2K | 289 | 0.2% | 2 |
| COGNIZANT TECHNOLOGY SOLUTIO | [CTSH](https://holderbook.com/stocks/CTSH/) | $360.2K | 9,300 | 0.2% | 1 |
| GUARDANT HEALTH INC | [GH](https://holderbook.com/stocks/GH/) | $345.1K | 150 | 0.2% | 2 |
| AMERICA MOVIL SAB DE CV | [AMX](https://holderbook.com/stocks/AMX/) | $337.9K | 13,000 | 0.2% | 4 |
| REVOLUTION MEDICINES INC | [RVMD](https://holderbook.com/stocks/RVMD/) | $337.1K | 187 | 0.2% | 2 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $334.3K | 223 | 0.2% | 2 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $316.8K | 344 | 0.2% | 2 |
| SYNAPTICS INC | [SYNA](https://holderbook.com/stocks/SYNA/) | $310.6K | 124 | 0.2% | 1 |
| ELEMENT SOLUTIONS INC | [ESI](https://holderbook.com/stocks/ESI/) | $310.4K | 48 | 0.2% | 1 |
| TWILIO INC | [TWLO](https://holderbook.com/stocks/TWLO/) | $309.5K | 206 | 0.2% | 2 |
| CYTOKINETICS INC | [CYTK](https://holderbook.com/stocks/CYTK/) | $272.6K | 85 | 0.2% | 1 |
| MIRUM PHARMACEUTICALS INC | [MIRM](https://holderbook.com/stocks/MIRM/) | $245.8K | 117 | 0.2% | 2 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $239.9K | 1,199 | 0.2% | 2 |
| LANTHEUS HLDGS INC | [LNTH](https://holderbook.com/stocks/LNTH/) | $233.0K | 111 | 0.1% | 1 |
| DIANTHUS THERAPEUTICS INC | [DNTH](https://holderbook.com/stocks/DNTH/) | $195.0K | 97 | 0.1% | 2 |
| REPLIGEN CORP | [RGEN](https://holderbook.com/stocks/RGEN/) | $191.0K | 136 | 0.1% | 1 |
| SPYRE THERAPEUTICS INC | [SYRE](https://holderbook.com/stocks/SYRE/) | $186.4K | 89 | 0.1% | 2 |
| COGENT BIOSCIENCES INC | [COGT](https://holderbook.com/stocks/COGT/) | $181.9K | 39 | 0.1% | 2 |
| CHARLES RIV LABS INTL INC | [CRL](https://holderbook.com/stocks/CRL/) | $181.4K | 227 | 0.1% | 2 |
| SEMTECH CORP | [SMTC](https://holderbook.com/stocks/SMTC/) | $178.0K | 162 | 0.1% | 2 |

## 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 |
|---|---|---|---|---|
| Q2 2026 | +8.2% | +14.8% | -6.6% | 99% |
| Q1 2026 | -4.1% | -4.6% | +0.5% | 100% |
| Q4 2025 | -0.4% | +2.4% | -2.8% | 100% |
| Q3 2025 | -0.1% | +7.8% | -7.9% | 100% |
| Q2 2025 | +3.6% | +10.5% | -6.8% | 100% |
| Q1 2025 | -0.2% | -4.6% | +4.4% | 100% |
| Q4 2024 | -0.4% | +2.1% | -2.6% | 100% |
| Q3 2024 | +2.5% | +5.4% | -2.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $159.2M | 112 |
| Q1 2026 | $130.9M | 109 |
| Q4 2025 | $84.1M | 36 |
| Q3 2025 | $69.9M | 29 |
| Q2 2025 | $62.9M | 33 |
| Q1 2025 | $74.8M | 42 |
| Q4 2024 | $86.3M | 38 |
| Q3 2024 | $89.8M | 39 |
| Q2 2024 | $89.0M | 39 |
| Q1 2024 | $102.1M | 42 |
| Q4 2023 | $106.3M | 43 |