Bach Option Ltd 13F annual report

Bach Option Ltd is an investment fund managing more than $11.6 million ran by Miaodan Wu. There are currently 9 companies in Wu’s portfolio. The largest investments include Spdr Gold Shares and Spdr Sp 500 Etf, together worth $7.61 million.

$11.6 million Assets Under Management (AUM)

As of 7th October 2020, Bach Option Ltd’s top holding is 29,450 shares of Spdr Gold Shares currently worth over $4.21 million and making up 36.3% of the portfolio value. In addition, the fund holds 10,552 shares of Spdr Sp 500 Etf worth $3.4 million. The third-largest holding is Ishares Tr worth $1.36 million and the next is Unitedhealth Grp worth $871 thousand, with 2,962 shares owned.

Currently, Bach Option Ltd's portfolio is worth at least $11.6 million. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Bach Option Ltd

The Bach Option Ltd office and employees reside in Wanchai, Hong Kong. According to the last 13-F report filed with the SEC, Miaodan Wu serves as the Director at Bach Option Ltd.

Recent trades

In the most recent 13F filing, Bach Option Ltd revealed that it had opened a new position in Unitedhealth Grp and bought 2,962 shares worth $871 thousand.

The investment fund also strengthened its position in Spdr Gold Shares by buying 11,876 additional shares. This makes their stake in Spdr Gold Shares total 29,450 shares worth $4.21 million.

On the other hand, there are companies that Bach Option Ltd is getting rid of from its portfolio. Bach Option Ltd closed its position in Netflix on 29th January 2020. It sold the previously owned 2,438 shares for $652 thousand. Miaodan Wu also disclosed a decreased stake in Ishares Russell by 0.6%. This leaves the value of the investment at $354 thousand and 2,132 shares.

One of the smallest hedge funds

The two most similar investment funds to Bach Option Ltd are Steelhead Partners and Force Capital Management. They manage $11.7 million and $11.4 million respectively.

Miaodan Wu investment strategy

Bach Option Ltd’s portfolio is diversified across 3 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 3.4% of the total portfolio value. The fund focuses on investments in the United States as 22.2% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 22% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $1.08 trillion.

The complete list of Bach Option Ltd trades based on 13F SEC filings

These positions were updated on January 29th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Spdr Gold Shares	67.58% 29,450	$4,208,000	36.35%
Spdr Sp 500 Etf	59.81% 10,552	$3,400,000	29.37%
Ishares Tr	181.54% 10,023	$1,358,000	11.73%
Unitedhealth Grp	Opened 2,962	$871,000	7.52%
Netflix, Inc.	Closed 2,438	$652,000
Amazon.com, Inc.	Closed 310	$538,000
Ishares China La	Closed 12,563	$500,000
Baidu Inc-sp Adr	0.41% 3,704	$468,000	4.04%
Apple, Inc.	Opened 1,345	$395,000	3.41%
Alibaba Grp-adr	Closed 2,245	$375,000
Ishares Russell	63.36% 2,132	$354,000	3.06%
salesforce.com, inc.	33.24% 1,930	$314,000	2.71%
Ishares Nasdaq B	Closed 2,210	$220,000
Caterpillar, Inc.	Closed 1,707	$216,000
Lincoln Natl Crp	Opened 3,547	$209,000	1.81%
Humana, Inc.	Closed 801	$205,000
No transactions found
Showing first 500 out of 16 holdings