# AIA Investment Management Private Ltd

> Institutional holdings reported to the SEC as of Q3 2020 on Form 13F. CIK 1757363. Source: https://holderbook.com/funds/1757363-aia-investment-management-private-ltd/

- Reported value: $437.0M
- Positions: 437
- Weight of the ten largest: 40.7%
- Filed: 2020-11-16

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 |
|---|---|---|---|---|---|
| NEW ORIENTAL ED & TECHNOLOGY | [EDU](https://holderbook.com/stocks/EDU/) | $44.9M | 300,658 | 10.3% | 12 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $44.3M | 150,575 | 10.1% | 12 |
| HUTCHMED CHINA LTD | [HCM](https://holderbook.com/stocks/HCM/) | $14.9M | 461,218 | 3.4% | 4 |
| BAIDU INC | [BIDU](https://holderbook.com/stocks/BIDU/) | $14.4M | 113,806 | 3.3% | 12 |
| TRIP COM GROUP LTD | [TCOM](https://holderbook.com/stocks/TCOM/) | $11.7M | 376,360 | 2.7% | 4 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $10.6M | 50,422 | 2.4% | 4 |
| YUM CHINA HLDGS INC | [YUMC](https://holderbook.com/stocks/YUMC/) | $9.6M | 187,200 | 2.2% | 1 |
| GDS HLDGS LTD | [GDS](https://holderbook.com/stocks/GDS/) | $9.5M | 116,303 | 2.2% | 4 |
| H WORLD GROUP LTD | [HTHT](https://holderbook.com/stocks/HTHT/) | $9.0M | 208,414 | 2.1% | 4 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $8.7M | 2,772 | 2.0% | 3 |
| VIPSHOP HLDGS LTD | [VIPS](https://holderbook.com/stocks/VIPS/) | $8.3M | 528,088 | 1.9% | 4 |
| JOYY INC | [JOYY](https://holderbook.com/stocks/JOYY/) | $7.9M | 97,784 | 1.8% | 2 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $6.9M | 6,721 | 1.6% | 4 |
| TENCENT MUSIC ENTMT GROUP | [TME](https://holderbook.com/stocks/TME/) | $6.7M | 451,580 | 1.5% | 2 |
| PDD HOLDINGS INC | [PDD](https://holderbook.com/stocks/PDD/) | $6.6M | 89,312 | 1.5% | 2 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $6.6M | 15,303 | 1.5% | 3 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $5.7M | 49,337 | 1.3% | 4 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $5.2M | 25,958 | 1.2% | 4 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $5.1M | 3,490 | 1.2% | 4 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $4.8M | 58,109 | 1.1% | 4 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $4.8M | 8,883 | 1.1% | 4 |
| BAOZUN INC | [BZUN](https://holderbook.com/stocks/BZUN/) | $4.8M | 146,509 | 1.1% | 2 |
| MARKETAXESS HLDGS INC | [MKTX](https://holderbook.com/stocks/MKTX/) | $4.7M | 9,815 | 1.1% | 4 |
| HOLLYSYS AUTOMATION TCHNGY L | [HOLI](https://holderbook.com/stocks/HOLI/) | $4.5M | 406,127 | 1.0% | 4 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $4.4M | 56,436 | 1.0% | 4 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $4.3M | 19,471 | 1.0% | 4 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $4.1M | 47,982 | 0.9% | 4 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $4.1M | 28,414 | 0.9% | 4 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $4.0M | 14,458 | 0.9% | 4 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $3.9M | 7,845 | 0.9% | 3 |
| ZOOM COMMUNICATIONS INC | [ZM](https://holderbook.com/stocks/ZM/) | $3.8M | 8,111 | 0.9% | 3 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $3.7M | 38,983 | 0.8% | 4 |
| CHEGG INC | [CHGG](https://holderbook.com/stocks/CHGG/) | $3.6M | 50,658 | 0.8% | 3 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $3.3M | 23,750 | 0.8% | 4 |
| WAYFAIR INC | [W](https://holderbook.com/stocks/W/) | $3.3M | 11,205 | 0.7% | 3 |
| BCE INC | [BCE](https://holderbook.com/stocks/BCE/) | $3.0M | 72,056 | 0.7% | 4 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $3.0M | 13,106 | 0.7% | 3 |
| NORTHERN TR CORP | [NTRS](https://holderbook.com/stocks/NTRS/) | $2.9M | 37,806 | 0.7% | 4 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $2.8M | 8,215 | 0.6% | 4 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $2.6M | 12,270 | 0.6% | 4 |
| WORKDAY INC | [WDAY](https://holderbook.com/stocks/WDAY/) | $2.6M | 11,886 | 0.6% | 2 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $2.4M | 8,800 | 0.6% | 4 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $2.4M | 24,226 | 0.6% | 4 |
| BANK NOVA SCOTIA B C | [BNS](https://holderbook.com/stocks/BNS/) | $2.3M | 56,384 | 0.5% | 4 |
| JD.COM INC | [JD](https://holderbook.com/stocks/JD/) | $2.3M | 29,636 | 0.5% | 7 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $2.2M | 10,887 | 0.5% | 4 |
| REDFIN CORP | [RDFN](https://holderbook.com/stocks/RDFN/) | $2.1M | 42,175 | 0.5% | 3 |
| BAXTER INTL INC | [BAX](https://holderbook.com/stocks/BAX/) | $2.1M | 25,810 | 0.5% | 4 |
| THE TRADE DESK INC | [TTD](https://holderbook.com/stocks/TTD/) | $2.0M | 3,834 | 0.5% | 3 |
| FIRST REP BK SAN FRANCISCO C | [FRCB](https://holderbook.com/stocks/FRCB/) | $2.0M | 18,207 | 0.5% | 3 |
| ILLUMINA INC | [ILMN](https://holderbook.com/stocks/ILMN/) | $2.0M | 6,314 | 0.4% | 4 |
| PACIRA BIOSCIENCES INC | [PCRX](https://holderbook.com/stocks/PCRX/) | $2.0M | 32,452 | 0.4% | 3 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.9M | 12,941 | 0.4% | 4 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $1.9M | 31,623 | 0.4% | 4 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $1.8M | 7,595 | 0.4% | 3 |
| LENDINGTREE INC | [TREE](https://holderbook.com/stocks/TREE/) | $1.8M | 5,911 | 0.4% | 3 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $1.8M | 34,670 | 0.4% | 4 |
| ABIOMED INC | [ABMD](https://holderbook.com/stocks/ABMD/) | $1.6M | 5,833 | 0.4% | 4 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $1.6M | 43,917 | 0.4% | 4 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $1.6M | 12,874 | 0.4% | 4 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.5M | 1,027 | 0.3% | 4 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $1.5M | 3,045 | 0.3% | 4 |
| STAAR SURGICAL CO | [STAA](https://holderbook.com/stocks/STAA/) | $1.5M | 26,044 | 0.3% | 3 |
| WATSCO INC | [WSO](https://holderbook.com/stocks/WSO/) | $1.5M | 6,309 | 0.3% | 3 |
| BEST BUY INC | [BBY](https://holderbook.com/stocks/BBY/) | $1.4M | 12,689 | 0.3% | 4 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $1.4M | 11,520 | 0.3% | 2 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $1.4M | 30,928 | 0.3% | 4 |
| ALEXION PHARMACEUTICALS INC | [ALXN](https://holderbook.com/stocks/ALXN/) | $1.4M | 12,100 | 0.3% | 1 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.4M | 9,942 | 0.3% | 4 |
| TWILIO INC | [TWLO](https://holderbook.com/stocks/TWLO/) | $1.3M | 5,426 | 0.3% | 2 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $1.3M | 6,300 | 0.3% | 1 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $1.2M | 3,962 | 0.3% | 4 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $1.2M | 25,500 | 0.3% | 1 |
| INTERACTIVE BROKERS GROUP IN | [IBKR](https://holderbook.com/stocks/IBKR/) | $1.2M | 25,305 | 0.3% | 3 |
| DENALI THERAPEUTICS INC | [DNLI](https://holderbook.com/stocks/DNLI/) | $1.1M | 29,678 | 0.2% | 3 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.0M | 7,296 | 0.2% | 4 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $951.0K | 4,826 | 0.2% | 2 |
| MARKEL GROUP INC | [MKL](https://holderbook.com/stocks/MKL/) | $934.0K | 959 | 0.2% | 4 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $883.0K | 17,882 | 0.2% | 4 |
| IROBOT CORP | [IRBTQ](https://holderbook.com/stocks/IRBTQ/) | $866.0K | 11,409 | 0.2% | 3 |
| DISH NETWORK CORPORATION | [DISH](https://holderbook.com/stocks/DISH/) | $856.0K | 29,500 | 0.2% | 1 |
| SLACK TECHNOLOGIES INC | [WORK](https://holderbook.com/stocks/WORK/) | $840.0K | 31,266 | 0.2% | 2 |
| WEYERHAEUSER CO | [WY](https://holderbook.com/stocks/WY/) | $776.0K | 27,200 | 0.2% | 1 |
| MYLAN N V | [MYL](https://holderbook.com/stocks/MYL/) | $730.0K | 49,200 | 0.2% | 1 |
| WATERS CORP | [WAT](https://holderbook.com/stocks/WAT/) | $728.0K | 3,719 | 0.2% | 4 |
| EXACT SCIENCES CORP | [EXAS](https://holderbook.com/stocks/EXAS/) | $718.0K | 7,047 | 0.2% | 3 |
| UPWORK INC | [UPWK](https://holderbook.com/stocks/UPWK/) | $717.0K | 41,105 | 0.2% | 1 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $710.0K | 11,243 | 0.2% | 2 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $705.0K | 12,669 | 0.2% | 4 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $672.0K | 2,644 | 0.2% | 4 |
| LAM RESEARCH CORP | [LRCXXXXX](https://holderbook.com/stocks/LRCXXXXX/) | $648.0K | 1,954 | 0.1% | 4 |
| BIOGEN INC | [BIIB](https://holderbook.com/stocks/BIIB/) | $638.0K | 2,249 | 0.1% | 4 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $628.0K | 1,768 | 0.1% | 4 |
| CGI INC | [GIB](https://holderbook.com/stocks/GIB/) | $602.0K | 8,880 | 0.1% | 4 |
| DOVER CORP | [DOV](https://holderbook.com/stocks/DOV/) | $596.0K | 5,500 | 0.1% | 1 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $577.0K | 14,645 | 0.1% | 4 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $577.0K | 3,901 | 0.1% | 4 |
| REGENERON PHARMACEUTICALS | [REGN](https://holderbook.com/stocks/REGN/) | $576.0K | 1,029 | 0.1% | 4 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $574.0K | 4,100 | 0.1% | 4 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $572.0K | 9,013 | 0.1% | 4 |

## 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 |
|---|---|---|---|---|
| Q3 2020 | +13.2% | +8.6% | +4.6% | 100% |
| Q2 2020 | +22.3% | +19.6% | +2.6% | 100% |
| Q1 2020 | -11.8% | -19.9% | +8.1% | 100% |
| Q4 2019 | +18.9% | +8.5% | +10.5% | 99% |
| Q3 2019 | +1.3% | +1.3% | +0.0% | 100% |
| Q2 2019 | -5.1% | +3.7% | -8.9% | 102% |
| Q1 2019 | +23.2% | +13.0% | +10.2% | 99% |
| Q4 2018 | -18.3% | -14.0% | -4.3% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2020 | $437.0M | 437 |
| Q2 2020 | $441.4M | 409 |
| Q1 2020 | $483.8M | 407 |
| Q4 2019 | $478.1M | 365 |
| Q3 2019 | $266.3M | 9 |
| Q2 2019 | $289.9M | 9 |
| Q1 2019 | $290.6M | 9 |
| Q4 2018 | $242.3M | 11 |
| Q3 2018 | $469.0M | 12 |
| Q2 2018 | $298.6M | 12 |
| Q1 2018 | $440.0M | 15 |
| Q4 2017 | $406.1M | 13 |