THCH β€” TH INTERNATIONAL LIMITED

Ownership history in LMR Partners LLP  Β·  4 quarters on record

This page tracks every 13F SEC filing in which LMR Partners LLP reported a position in TH INTERNATIONAL LIMITED (THCH). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

Position Intelligence

LMR Partners LLP Γ— THCH AI Analytics

πŸ“‰ LMR Partners LLP underperformed the S&P 500 by –49.2% annually on this THCH position. Average cost basis: $2.93. Maximum drawdown during holding period: –15.9%.

πŸ“ˆ Position Alpha vs SPY
-49.2%
annualised excess return

❌ Significantly underperformed the S&P 500 by 49.2% ann.
3 quarters analyzed

πŸ’° Entry Quality
$2.93
-15.0% vs current ($2.49)

Best entry: $2.93 (2025 Q1)  Β·  Worst: $2.93 (2025 Q1)

πŸ›‘οΈ Drawdown Resilience
–15.9%
max drawdown while held

πŸ’Ž No drawdown exceeding 20% during the holding period β€” exceptionally stable.

πŸ’ͺ Fund Conviction
50%
buy-side decisions

1 add Β· 1 trim. Bought during 0 of 2 down-price quarters. πŸ“ˆ More buys than sells across the holding period.

πŸ“‘ Position Trajectory
β†’ Stable
last 4–5 quarters trend

βš–οΈ Portfolio weight has remained relatively stable β€” conviction maintained.
Currently 0.0% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    THCH price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 4 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q4 REDUCED 21,727 -8,458 -28.0% 0.00% $54K $2.49
2025 Q3 UNCHANGED 30,185 β€” 0% 0.00% $78K $2.59
2025 Q2 UNCHANGED 30,185 β€” 0% 0.00% $89K $2.96
2025 Q1 INITIATED 30,185 β€” β€” 0.00% $88K $2.93

🏒 Other funds also holding THCH

As of 2025 Q4 β€” sorted by position size

HSG Holding Ltd 3Y 7Y 0.34% ZAZOVE ASSOCIATES LLC 3Y 7Y 0.05% SONA ASSET MANAGEMENT (US) LLC 3Y 0.01% Shaolin Capital Management LLC 3Y 0.0% CITADEL ADVISORS LLC 3Y 7Y 0.0% SUSQUEHANNA INTERNATIONAL GROUP, LLP 3Y 7Y 0.0% GEODE CAPITAL MANAGEMENT, LLC 3Y 7Y 0.0% ROYAL BANK OF CANADA 3Y 7Y 0.0% UBS Group AG 3Y 7Y 0.0% JPMORGAN CHASE & CO 3Y 7Y 0.0%
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