投稿

Top investment funds cut holdings in JD.com

界面新闻 • • 财经信息

By WANG Xinting

Tiger Global Fund reduced its holdings of e-commerce giant JD.com by 11.2 million shares in Q3, while HHLR Advisors, a fund under Hillhouse Capital, reduced its holdings by nearly 2.2 million shares, according to US stock holding data.

Tiger’s total holdings in Q3 reached US$13.6 billion (98 billion yuan), a quarter-on-quarter growth of 13 percent. The company added nine new stocks to its portfolio, increased holdings in 16 stocks, reduced holdings in seven, and liquidated two positions.

Seven Chinese concept stocks feature in Tiger’s top 50 holdings. Among them, JD.com and online recruitment platform Kanzhun were both cut by more than half. Tiger’s hold in semiconductor company TSMC increased by 10 percent.

Among new stocks added to Tiger’s portfolio, more than US$130 million went on Pinduoduo, with a similar amount spent on a slice of Alibaba, indicating some optimism about Chinese e-commerce. This stance is confused somewhat by the simultaneous dumping of JD.com.

HHLR Advisors made substantial reductions across the board: Alibaba (US$107 million), Huazhu Hotels Group (US$55 million), JD.com (US$64 million), Ke Holdings (US$80 million), and Pinduoduo (US$81 million).

Specifically, HHLR Advisors reduced its holdings in JD.com by US$15 million - more than 80 percent - during Q3.

Investors have generally expressed pessimism about JD.com’s prospects this year, with the stock price halved year-to-date. In October alone, at least 7 institutions downgraded JD.com’s rating or target price.

本文来自投稿，作者：界面新闻，不代表p2p信息资源网立场！如有侵权，联系管理员：202348182@qq.com删除

赞 (0)
界面新闻界面新闻
0 0
上一篇 2023年11月20日 pm2:05
下一篇 2023年11月20日 pm2:22

相关推荐

发表评论

您的电子邮箱地址不会被公开。 必填项已用*标注

记住昵称、邮箱和网址，下次评论免输入