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Adero Partners, LLC Last Quarter Change: Foreign Stocks, Reduced

Adero Partners, LLC quarter change: Foreign Stocks, Reduced

In share positions in stocks (depositary receipts and foreign shares traded over the counter), from the quarter ended 2024-12-31 to 2025-03-31, Adero Partners, LLC opened 3 positions, added to 11, reduced 11, sold out of 1 and left 1 unchanged. The largest increase in value was RELX (+$218,225); the largest decrease was RLX (-$577,154).

  • TSM: Country of operation —; Class SPONSORED ADS; Shares 2024-12-31 7,364; Shares 2025-03-31 6,654.
  • INFY: Country of operation —; Class SPONSORED ADR; Shares 2024-12-31 18,288; Shares 2025-03-31 10,243.
  • NVO: Country of operation —; Class ADR; Shares 2024-12-31 5,347; Shares 2025-03-31 3,878.
  • KB: Country of operation —; Class SPONSORED ADR; Shares 2024-12-31 5,539; Shares 2025-03-31 4,656.

Two Form 13F-HR filings compared (SEC CIK 1800593): 2024-12-31 (filed 2025-01-27) and 2025-03-31 (filed 2025-04-17). Rows for the same security, class and put/call are added together. Value change is the filed value at each quarter end, so it includes the price move; share change is the position change.

StockCountry of operationClassShares 2024-12-31Shares 2025-03-31Share changeValue 2024-12-31Value 2025-03-31Value change
TSM
TAIWAN SEMICONDUCTOR MFG LTD
SPONSORED ADS7,3646,654-710$1,454,316$1,104,564-$349,752
INFY
INFOSYS LTD
SPONSORED ADR18,28810,243-8,045$400,873$186,935-$213,938
NVO
NOVO-NORDISK A S
ADR5,3473,878-1,469$459,949$269,288-$190,661
KB
KB FINL GROUP INC
SPONSORED ADR5,5394,656-883$315,169$251,936-$63,233
VOD
VODAFONE GROUP PLC NEW
SPONSORED ADR20,94214,400-6,542$177,798$134,928-$42,870
FINV
FINVOLUTION GROUP
ChinaSPONSORED ADS12,15511,928-227$82,532$114,867+$32,335
WIT
WIPRO LTD
SPON ADR 1 SH22,42319,084-3,339$79,377$58,397-$20,980
LYG
LLOYDS BANKING GROUP PLC
SPONSORED ADR14,19013,883-307$38,597$53,033+$14,436
ENIC
ENEL CHILE S.A.
SPONSORED ADR28,82328,367-456$83,010$92,760+$9,750
MFG
MIZUHO FINANCIAL GROUP INC
SPONSORED ADR18,42817,820-608$90,113$98,188+$8,075
HDB
HDFC BANK LTD
SPONSORED ADS3,4953,352-143$223,191$222,707-$484

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