MAPA-JK

MAPA-JK

MAPA-JK

Letters With This Ticker

Quarter	Letter Date	Fund Name	QTD	YTD	Tickers	Keywords/Themes	Theme Commentary	Pitches	Letter
2023 Q2	Aug 11, 2023	Ross & Van Compernolle	-4.1%	-	AUCT.BK, DELFI.SI, DGW, GMD, HIBI.KL, IIG.BK, JMART.BK, JMT.BK, MAPA.JK, MWG, PSL.BK, SHR.BK, SPA.BK, VCI, VELESTO.KL, VTP, WPH.BK	Asia, emerging markets, Recovery, Thailand, value, Vietnam	The fund exited Siam Wellness Group as a covid-era travel recovery play after the share price exceeded pre-covid levels and achieved target returns. S Hotels & Resorts was re-initiated as a position given its attractive valuation at 0.6x price-to-book value with 38 hotels across premium destinations.	WPH.BK SHR.BK DELFI.SI AUCT.BK MWG.VN SPA.BK	View
2025 Q2	Jul 4, 2025	Pangolin Asia Fund	-	-6.9%	BAUTO.KL, IGB.KL, MAPA.JK	ASEAN, consumer, dividends, Indonesia, Malaysia, value	The fund focuses on companies trading at attractive valuations despite strong fundamentals. Portfolio companies trade on single digit PEs with high returns on capital, while generating substantial cash flows and dividends.	IGB.KL MAPA.JK BAUTO.KL MAPA IJ	View
2023 Q2	Jun 30, 2023	Platinum Asia Fund	-0.8%	-	000660.KS, 005930.KS, 0700.HK, 1339.HK, 2007.HK, 2454.HK, 9618.HK, CATL, MAPA.JK, TSM	Asia, China, Electric Vehicles, India, Recovery, semiconductors, Travel	CATL emerged as the global leader in EV batteries with 37% global market share and 48% share in China. The company has strong technology roadmap across battery chemistries for low-, medium-, and high-range EVs. Chinese EV sales increased 82% to 6.2 million vehicles, though concerns exist about slowing growth as government subsidies are reduced.		View
2023 Q1	Apr 14, 2023	Ross & Van Compernolle	6.3%	6.3%	BCP.BK, DGW.HM, DNL.PS, GMD.HM, GTCAP.PS, HIBI.KL, ITMG.JK, JMART.BK, JMT.BK, MAPA.JK, MEDC.JK, PGAS.JK, PSL.BK, PTTEP.BK, SINGER.BK, VCB.HM, VCI.HM, VEB.KL, VPB.HM	Asia, commodities, emerging markets, Indonesia, oil, Philippines, shipping, value	The fund was active in oil-related positions, fully exiting PTTEP TB due to concerns about potential short-term oil price declines, then re-initiating positions in PTTEP TB, BCP TB, and MEDC IJ after OPEC production cuts were announced. The manager views the high commodity price environment as beneficial for oil producers.	VEB.KL MEDC.JK DNL.PS GTCAP.PS	View
2024 Q1	Mar 31, 2024	Platinum Asia Fund	7.2%	7.2%	000001.SZ, 000338.SZ, 000660.KS, 002008.SZ, 005930.KS, 0700.HK, 1109.HK, 1招.HK, 300750.SZ, HPSP.KS, IGLTA, JD, MAPA.JK, TCOM, TSM, ZTO	AI, Asia, China, Korea, Memory, semiconductors, Taiwan, technology	AI-related demand continued driving the tech supply chain, particularly in Taiwan. TSMC benefited from its dominant position manufacturing chips for Nvidia. Korean semiconductor companies like SK Hynix and Samsung are seeing capacity tightening as high bandwidth memory production requires significantly more manufacturing capacity than standard DRAM.		View
2023 Q4	Dec 31, 2023	Ross & Van Compernolle	-	-	ARNA.JK, CSE.SI, DELFI.SI, ERAA.JK, MAPA.JK, MPM.SI, SIDO.JK, VEB.KL	ASEAN, Asia, energy, Indonesia, Oil Services, Vietnam	The fund expanded holdings in oil & gas service providers to 30% weighting, adding to existing positions. The thesis centers on strong cash flows in the oil & gas industry and capacity expansion investments for the first time in a decade. Most competition has gone bankrupt, allowing remaining players to secure long-term projects with profit growth expected to increase 5x from 2022 to 2026.		View
2023 Q3	Oct 19, 2023	Ross & Van Compernolle	9.3%	-2.5%	BCP.BK, BVG.BK, C52.SI, DGW.HM, DNL.PS, GMD.HM, HIBI.KL, MAC.PS, MAPA.JK, MEDC.JK, MWG.HM, SHR.BK, SIDO.JK, VEB.KL, VPB.HM, WPH.BK	Asia, energy, Manufacturing, oil, Ports, Vietnam	The oil and gas sector is experiencing a resurgence with increasing capex after a decade of underinvestment. Supply constraints from sector consolidation and higher oil prices are creating favorable conditions for service providers, with daily jack-up rig rates increasing 25% since 2022 lows.		View

Pitches With This Ticker

Date	Pitch Type	Author	Company	Industry	Sub Industry	Bull / Bear	Stock Exchange	Keywords	Action
Apr 13, 2026	Fund Letters	Pangolin Asia Fund	MAP Aktif Adiperkasa	Consumer Discretionary	Apparel Retail	Bull	Indonesia Stock Exchange	Asean, athleisure, Demographics, expansion, high-ROIC, Indonesia, retail, Value Disconnect	View Pitch

BSD Shareholders of MAPA-JK

This report provides a detailed summary of investor holdings for a specified stock ticker, highlighting key metrics such as fund name, total assets under management (AUM), invested value, portfolio weight, and shares owned. It also tracks changes in share ownership during the last quarter, including the percentage of shares bought or sold and the percentage of outstanding shares owned. The data is generated using an API that processes investor holdings and calculates these values for each fund. This report helps investors and analysts monitor the stock positions of major funds, identify investment trends, and assess the influence of large investors on individual stocks.

Filing Date: September 30, 2025

Manager Name	Fund Name	Fund AUM	Invested Value	Portfolio Weight	Shares Owned	Shares Bought / Sold During Quarter	% Bought / Sold During Quarter	% of Shares Outstanding Owned
No investor data available.

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