Source: Wall Street
Vipshop Holdings Limited was promoted to the top 10 Hillhouse stocks in the first quarter, while JD.com 's position increased by 76%, from the sixth to the second. Li Auto Inc., who was among the top 10 US stocks for the first time in the fourth quarter of last year, fell out of the top 10. NIO Inc. and XPeng Inc., as well as Pinduoduo, who significantly reduced their holdings in the fourth quarter of last year, were cleared.
In the first quarter of this year, all three major indexes of US stocks suffered the biggest quarterly decline in the two years since the outbreak, with the S & P down nearly 5%, the Dow and the Nasdaq down more than 4% and 9%, respectively. And Hillhouse Capital continued its investment focus in the technology industry in the quarter, further adding weight to some heavy positions of China-listed stocks.
On Monday, 16th US Eastern time, HHLR Advisors, a fund manager owned by Hillhouse Capital, which specializes in secondary investment, released 13F documents submitted to the US Securities Regulatory Commission, showing that it increased its holdings of four US-listed Chinese stocks in the first quarter.$Vipshop Holdings Limited (VIPS.US) $、$JD.com (JD.US) $、$KE Holdings Inc. (BEKE.US) $和$AECOM Technology (ACM.US) $。
Among them, Vipshop Holdings Limited increased his holdings by nearly 13.19 million shares, an increase of 147%, with a market value of nearly US $200 million, making him one of the top 10 HHLR stocks. JD.com 's position increased by nearly 3.67 million shares, or 76%, with a market capitalization of US $488 million, making it the second largest US stock in Hillhouse HHLR. KE Holdings Inc. 's holdings increased by more than 170000 shares, or 3%, with a market value of more than US $64.1 million.
New entrants to HHLR in the first quarter$DiDi Global Inc. (DIDI.US) $、$Full Truck Alliance Co. Ltd. (YMM.US) $、$Futu Holdings Limited (FUTU.US) $和$Daqo New Energy Corp (DQ.US) $Four US-listed stocks have added more than 36.83 million shares, 9.59 million shares, 130000 shares and 100000 shares respectively.
Data show that DiDi Global Inc., Full Truck Alliance Co. Ltd., and KE Holdings Inc. are all companies invested by Hillhouse in the primary market, and the entry into the shareholding list should be the ADS that can be transferred from the common shares invested and listed in the primary market to the secondary market.
At the same time, HHLR reduced its holdings and cleared 25 stocks in the first quarter, including US-listed stocks, such as liquidating their holdings separately.$NIO Inc. (NIO.US) $和$XPeng Inc. (XPEV.US) $Pinduoduo, who sold 350000 shares and 666500 shares, and sharply reduced his holdings by 92% to 213000 shares in the fourth quarter of last year, completely cleared his position.
For the first time in the fourth quarter of last year, Hillhouse HHLR was among the top 10 US stocks.$Li Auto Inc. (LI.US) $The position decreased by 50% in the first quarter, and more than 251 million shares were reduced.$ZTO Express (ZTO.US) $Positions were reduced by more than 56000 shares, or 22%. Recently, Jinglin also announced the clearance of two new car-building forces in the first quarter: ideal and XPeng Inc.. Bridgewater, the world's largest hedge fund, unsold its arch-rival Tesla, Inc..
As of the end of the first quarter, HHLR's top 10 heavy stocks are:$BeiGene, Ltd. (BGNE.US) $, JD.com, "American version Meituan"$DoorDash (DASH.US) $Cloud software giant$CRM.US (Saifu) $、$Legend Biotech Corp (LEGN.US) $, the parent company of Swiss sneaker brand On Onrun$On Holding (ONON.US) $、 Vipshop Holdings Limited 、$iQIYI, Inc. (IQ.US) $"Southeast Asia Little Tencent" with Tencent as the major shareholder$Sea (SE.US) $和$Mondelez International Inc (MDLZ.US) $. Five of them are Chinese stocks, with the exception of Vipshop Holdings Limited, who were in the top 10 in the fourth quarter of last year.
Compared with the fourth quarter of last year, BeiGene, Ltd., whose position remained unchanged in the first quarter, JD.com rose from the sixth to the second place. DoorDash, which increased its holdings by 2.585 million shares and increased by 199% in the first quarter, rose from the eighth to the third place. Legend Biotech Corp, whose holdings were reduced by 4.87 million shares or 41% in the first quarter, dropped from the third to the fifth place, and the On Holding whose holdings were reduced by 6.67 million shares in the first quarter fell from the second to the sixth place. IQIYI, Inc. rose from ninth to eighth place. Sea, whose holdings increased by 215500 shares or 17% in the first quarter, dropped from seventh to ninth. FTSE remained unchanged, ranking fifth and tenth respectively in the fourth quarter.$I-MAB (IMAB.US) $And Li Auto Inc. fell out of the top 10 to 12th and 15th respectively.
Edit / Corrine