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Myriad Asset Management Ltd.

SEC CIK
0001541349
Latest filing
May 16, 2022

The latest 13F from Myriad Asset Management Ltd. covers Q1 2022 (filed May 16, 2022): 85 long positions worth $685.9M. The top 10 holdings make up 77.4% of the portfolio, and the largest is Plug Power Inc at 27.0%. Livermore has 5 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q1 2022

Share counts compared with Q4 2021: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
16
Est. +$155.2M
Added
6
Est. +$5.03M
Reduced
16
Est. −$65.6M
Sold out
78
Est. −$425.0M

Top 5 holdings

Share of this quarter's portfolio value

  1. Plug Power Inc72919PAD5
    27.0%$185.3M
  2. American Airls Group Inc02376RAF9
    18.2%$125.1M
  3. Envista Holdings Corp29415FAB0
    6.5%$44.8M
  4. MicroStrategy Inc594972AE1
    6.3%$43.5M
  5. NIO Inc.62914VAE6
    5.0%$34.0M

Share of portfolio

Top 5 holdings and the other 80 positions, by share of portfolio value

  1. Plug Power Inc27.0%
  2. American Airls Group Inc18.2%
  3. Envista Holdings Corp6.5%
  4. MicroStrategy Inc6.3%
  5. NIO Inc.5.0%
  6. Other 80 positions36.9%

Biggest buys

New and added positions, by estimated amount bought

  1. MicroStrategy Inc594972AE1
    +$43.5MNew
  2. NIO Inc.62914VAE6
    +$34.0MNew
  3. COPConocoPhillips
    +$21.6MNewHistory
  4. PDDPDD Holdings Inc.
    +$12.0MNewHistory
  5. BPBP PLC
    +$11.0MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. MicroStrategy Inc594972AE1
    +6.34 pp0.0% → 6.3%
  2. NIO Inc.62914VAE6
    +4.96 pp0.0% → 5.0%
  3. COPConocoPhillips
    +3.15 pp0.0% → 3.1%History
  4. PDDPDD Holdings Inc.
    +1.75 pp0.0% → 1.8%History
  5. BPBP PLC
    +1.60 pp0.0% → 1.6%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. TSLATesla, Inc.
    −$44.2MSold outHistory
  2. FCXFreeport-McMoran Inc
    −$33.2MReducedHistory
  3. Chegg, Inc163092AD1
    −$32.1MSold out
  4. MIRMirion Technologies, Inc.
    −$25.4MSold outHistory
  5. Farfetch Ltd30744WAD9
    −$23.0MSold out

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. TSLATesla, Inc.
    −4.81 pp4.8% → 0.0%History
  2. Chegg, Inc163092AD1
    −3.50 pp3.5% → 0.0%
  3. MIRMirion Technologies, Inc.
    −2.77 pp2.8% → 0.0%History
  4. Farfetch Ltd30744WAD9
    −2.50 pp2.5% → 0.0%
  5. BACBank of America Corp
    −2.44 pp2.4% → 0.0%History

Metrics

13F metrics for Q1 2022, computed only from the numbers in the filings. Definitions below.

Portfolio value
$685.9M
−$231.9M (−25.3%) vs. prior quarter
Positions
85
−62 vs. prior quarter
Top 10 concentration
77.4%
Top 10 as share of value
Turnover
20.0%
Q1 2022, one quarter
Average holding period
3.3 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

5 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $1.31B (Q2 2021)

Q1 2021: $952.2MQ2 2021: $1.31BQ3 2021: $960.4MQ4 2021: $917.8MQ1 2022: $685.9M
Q1 2021Q1 2022
13F filings of Myriad Asset Management Ltd. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q1 2022May 16, 202285$685.9MPlug Power IncAmerican Airls Group IncEnvista Holdings Corpvs. Q4 2021SEC
Q4 2021Feb 14, 2022147$917.8MPlug Power IncAmerican Airls Group IncTSLAvs. Q3 2021SEC
Q3 2021Nov 16, 2021157$960.4MPlug Power IncNCL Corp LtdAmerican Airls Group Incvs. Q2 2021SEC
Q2 2021Aug 16, 2021138$1.31BPlug Power IncNCL Corp LtdBilibili Inc.vs. Q1 2021SEC
Q1 2021May 14, 2021123$952.2MAmerican Airls Group IncBIDUBilibili Inc.–SEC