- I typically hold 10 to 15 instruments, with each position consisting between 5-10% of the portfolio. My typical holding period is 1 to 3 years, with special situation and distressed ideas on the short side, and great operations ideas on the long side.
- For the quarter ended June 30th, 2021, Tao Value recorded a return of -2.07%, compared to +7.11% of MSCI All Country World Index (ACWI).
- Our top contributors this quarter are Alphabet, Sea Ltd. and Atlassian.
- As of the end of the quarter, our top 3 positions remain Alphabet, Sea Ltd. and Pinduoduo.
For further details see:
Investor Letter - Q2 2021