① Alibaba received the “big short” Michael Burry to further increase its holdings to become its number one stock; ② Asmack: The semiconductor market has bottomed out and there are currently signs of recovery; ③ Gao Lin's HHLR Advisors disclosed US stock holdings in the fourth quarter, adding positions to e-commerce technology companies; ④ Qiaoshui Q4 significantly increased its holdings of Nvidia and Eli Lilly.
Focus on hot topics
1. According to the 13F report, Scion Asset Management, a hedge fund owned by “big short” investor Michael Burry, further increased its holdings of Alibaba and JD in the fourth quarter of last year. Scion, founded by Michael Burry, increased its holdings of Alibaba by 25,000 shares in the fourth quarter to 75,000 shares, with a market capitalization of 5.81 million US dollars. In the fourth quarter, the holding of JD increased by 75,000 shares to 200,000 shares, with a market value of 5.78 million US dollars. As of the end of the fourth quarter, Alibaba was the largest of its disclosed holdings, accounting for 6.1% of its assets, followed by JD.
2. Asmack said in its 2023 annual report released on Wednesday that the semiconductor market has bottomed out and there are signs of recovery. Asmack said that in the fourth quarter, the amount of new orders more than tripled from 2.6 billion euros in the previous quarter to 9.19 billion euros, a record high, far higher than analysts' average forecast of 3.6 billion euros, mainly due to a sharp rise in market demand for its most sophisticated machines, which may indicate that the semiconductor industry is recovering.
3. On February 15, Beijing time, HHLR Advisors, an independent fund management platform under Gao Lin that focuses on investment in the secondary market, announced US stock holdings at the end of the fourth quarter of 2023. According to the data, the total market value of HHLR Advisors' positions in the US stock market in the fourth quarter of last year was 4.962 billion US dollars, up 10.7% from the end of the third quarter of last year. The top ten most important stocks were Pinduoduo, BeiGene, Shell, Legendary Biotech, Microsoft, Saifushi, TAKE-TWO Interactive Software, Amazon, Danaher, and DoorDash.
Pinduoduo became HHLR Advisors' largest stock. As of the end of the fourth quarter of last year, HHLR Advisors held 1.011 million shares of Pinduoduo, an increase of 276,000 shares compared to the end of the third quarter of last year.
4. Well-known hedge fund Qiaoshui submitted a US stock position report to the US Securities and Exchange Commission (SEC) up to the end of the fourth quarter of last year. Among them, the top five purchases were Eli Lilly, Nvidia, Brazilian ETF-iShares, Visa, and Advance Insurance. Among them, Eli Lilly and Nvidia both increased their positions by more than four times.
Global indices
In terms of US stocks, the Dow Jones index rose 0.40% to 38,424.27 points; the S&P 500 index rose 0.96% to 5,000.62 points; and the Nasdaq index rose 1.30% to 15,859.15 points.
Major technology stocks rose collectively. Apple fell 0.48%, Microsoft rose 0.97%, Nvidia rose 2.46%, Tesla rose 2.55%, Google rose 0.55%, Amazon rose 1.39%, Meta rose 2.86%, and Netflix rose 4.47%.
Popular Chinese securities generally rose, with the Nasdaq China Golden Dragon Index up 3.45%, Alibaba up 2.50%, JD 4.56%, Pinduoduo 2.30%, NIO 5.26%, Xiaopeng Auto 5.27%, Ideal Auto 1.00%, Bilibili 4.15%, Baidu 2.79%, NetEase 2.84%, Tencent Music 5.71%, and iQiyi%.
In terms of Hong Kong stocks, as of Wednesday's close, the Hang Seng Index rose 0.84% to close at 15879.38 points; the Technology Index rose 2.26% to close at 3197.87 points; and the State-owned Enterprises Index rose 1.50% to close at 5386.31 points.
Judging from market performance, in addition to a recovery in some weighted technology stocks, individual stocks related to gaming and travel also showed an increase, while real estate and pharmaceutical stocks showed adjustments.
Company news
Zhongan Online (06060.HK): The total income from insurance premiums in January was about 2,443 billion yuan, an increase of 19.87% over the previous year.
CITIC Co., Ltd. (00267.HK): The estimated production of iron powder from its CITIC Australian mine will be lowered to about 14 million wet tons in 2024, compared to about 21 million wet tons in the previous year.
Gaosheng Group Holdings (01283, HK): Recently, it successfully bid for two projects involving approximately HK$193 million.
Tam Tsai International (02217.HK): Announces results for the first nine months ended December 31, 2023. Revenue for the period increased 7.3% year-on-year to HK$2,071 billion.
Huitongda Network (09878.HK): Announced Yingxi, the annual net profit is expected to increase by no less than 30% year-on-year.
Tengsheng Pharmaceutical-B (02137.HK): Acquired all intellectual property rights, ownership, and interests in BRII-179, a novel candidate for recombinant protein HBV immunotherapy, at a total purchase price of US$10 million.
Kaisheng Holdings (00102.HK): The Securities and Futures Commission has ordered the Stock Exchange to suspend all company share trading in accordance with section 8 (1) of the Securities and Futures (Listing on the Stock Market) Rules (Chapter 571V of the Laws of Hong Kong), effective from 9:00 a.m. on February 14, 2024.