Source: Wall Street
Author: Han Xuyang
At the time of the pullback of US-listed stocks, Goldman Sachs Group saw the opportunity to substantially increase his holdings. In the third quarter, the increase in the future of New Oriental Education & Technology Group and Harmony increased several times, and the number of shares held in BABA also increased by 57% from the previous month. In addition, Goldman Sachs Group also built a position in KANZHUN LIMITED, worth more than US $1.5 billion.
Not only do you buy Chinese real estate bonds at the right time, but in the third-quarter position report, Goldman Sachs Group Group (Goldman Sachs) also disclosed that it was right$BABA (BABA.US) $And so on, the increase of holdings of Chinese-listed stocks.
Goldman Sachs Group substantially increased his stake in BABA in the third quarter of this year, with the number of shares rising 57% month-on-month to about 47.97 million shares, with a total value of more than $7 billion.
At the same time, the investment bank also copied the bottom of the previous sharp decline.$New Oriental Education & Technology Group (EDU.US) $和$TAL Education Group (TAL.US) $The holdings were increased by 352% and 738% respectively. In addition, Goldman Sachs Group is right$Futu Holdings Limited (FUTU.US) $The holdings were also increased, with an increase of 135%.
Substantially copy the bottom of the general education unit, Jiancang KANZHUN LIMITED
Goldman Sachs Group, the world's leading investment bank, submitted its position report for the third quarter ending September 30, 2021, the Securities and Exchange Commission (SEC) revealed.
Judging from the change of position ratio, Goldman Sachs Group's top five buying targets in the third quarter are: ETF put options on the S & P 500 index,$Sterling Check (STER.US) $、$KANZHUN LIMITED (BZ.US) $、Bond Index ETF-iShares iBoxx High yield Corporate Bonds (HYG.US) $、$Tesla, Inc. (TSLA.US) $. Among themSterling Check and KANZHUN LIMITED are new warehouse bids, both worth more than 1.5 billion US dollars.
The top five sellers are:$iShares Anshuo 20-year Treasurys (TLT.US) $, Nasdaq 100 ETF call options, US high yield bond ETF put options, gold ETF call options,$PowerShares QQQ Trust, Series 1 (QQQ.US) $。
As of the third quarter, Goldman Sachs Group's top five positions wereS & P 500 ETF-SPDR (SPY.US) $, ETF put options on the S & P 500index,$Microsoft Corp (MSFT.US) $、$Apple Inc (AAPL.US) $、Russell 2000 Index ETF (IWM.US) $。
According to statistics, the total market value of Goldman Sachs Group's position in the third quarter reached 473.05 billion US dollars, compared with 446.39 billion US dollars in the previous quarter.
In the third quarter, the agency added 635 shares to its portfolio, increased its holdings by 2723 shares, reduced its holdings by 2261 shares and cleared 609 shares. Among them, the top 10 holders account for 18.81% of the total market capitalization. The turnover rate of position is 20.11%.
In addition to the relevant targets of the index ETF, Goldman Sachs Group's top 10 positions are all large technology stocks, Microsoft Corp, Apple Inc, BABA,$Amazon.Com Inc (AMZN.US) $、$Alphabet Inc-CL C-A (GOOGL.US) $Ranked 3rd, 4th, 7th, 9th and 10th respectively, except for BABA, the change of position was small.
It is worth noting that Goldman Sachs Group substantially increased his holdings in BABA in the third quarter of this year, and the number of shares increased by 57% month-on-month to about 47.97 million shares, with a total value of more than $7 billion.
In addition, Goldman Sachs Group also bought New Oriental Education & Technology Group and good Future, increasing their holdings by 352% and 738%, respectively. At present, New Oriental Education & Technology Group's decline in the future has reached 89.07% and 94.5%.
Goldman Sachs Group copied the bottom of the real estate debt
The Economic Daily has previously reported that at a time when intense defaults by Chinese real estate companies have triggered panic in the US dollar debt market, foreign investors are looking for the right time to bottom out.
Goldman Sachs Group's portfolio management team recently said in an interview with the media that it is buying bonds of Chinese real estate enterprises. Goldman Sachs Group has been increasing "moderately risky" investment assets by buying dollar-denominated high-yield bonds issued by Chinese real estate developers.
Referring to the chain reaction caused by the risk incidents of individual real estate companies, the team members said that the risk of contagion was overvalued and that the market was digesting it.
According to media reports, the financing behavior of financial institutions to real estate enterprises has basically returned to normal. In October, the investment of real estate loans rebounded greatly from the previous month and from the same period last year, with a preliminary estimate that the increase was about 1500-200 billion yuan.
The real estate bond market has also initially ushered in a long-lost warmth in recent days, while a number of real estate companies have responded to market misgivings and sent a signal of abundant cash flow by buying back US dollar bonds.
Recently, some real estate debt has also rebounded.
Prior to this, Agile Group, China Jinmao, Shimao Group, Zhongliang Holdings, Jianye Real Estate, Hongyang Real Estate and other real estate companies have launched overseas dollar debt buybacks, indicating that they have sufficient funds to boost market confidence.
Just concluded in the three quarterly results disclosure, the profit indicators of some real estate enterprises also showed positive signals.
Edit / lydia