Hillhouse announced its position in U.S. stocks in the first quarter of 2021 at the U.S. Securities and Exchange Commission (SEC) on May 18, Beijing time. Data show that Hillhouse holds shares in 91 companies in the US stock market, with a total market capitalization of US $10.1 billion. Chinese stocks still occupy a strong position, and hard technology, medicine and health care, and consumption are still its key investment industries.
In the first quarter, the Hillhouse secondary market team increased its investment in US-listed stocks, and the number of new and increased holdings of US-listed stocks reached 11 of the 91 holdings.
Increase investment in US-listed stocks
13F data in the first quarter of 2021 show that in terms of market capitalization, Chinese stocks account for more than 60% of the 91 companies held by Hillhouse; among the top 10 heavy holdings, Chinese stocks include Baiji Shenzhou, pinduoduo, iqiyi, JD.com, Taibang Pharmaceuticals, and Tianjing Biology, which are also companies held by Hillhouse for a long time.
Taking a further look, the Hillhouse secondary market team continued to increase its investment in US-listed stocks in the first quarter, with 11 new or increased holdings in the 91-stock list, including Shell, Huazhu, NetEase and other US-listed stocks.
In the first quarter, the Hillhouse secondary market team adjusted the positions of star Chinese stocks such as JD.com and bilibili in the US stock market, and the same situation also happened to other large investment institutions. According to industry insiders, there are two main reasons: first, more and more star Chinese stocks are listed for the second time in the Hong Kong market. This provides more flexible space for professional investment institutions to adjust their positions and continue to position outstanding Chinese enterprises in the Hong Kong market. Second, after the high level of US stocks and the rising share prices of star Chinese stocks, professional investment institutions will also timely adjust their portfolio positions according to market research and judgment. Shares of JD.com and bilibili hit new highs in February, while bilibili rose 106 per cent in the fourth quarter of last year, according to Wind. In addition, against the backdrop of strict regulation of the online education industry, the Hillhouse secondary market team adjusted the position of educational Chinese stocks to sell a good future and education together; the good future hit a record high of $90 in February, up 27% from the end of last year, according to Wind.
In addition to China-listed stocks, biotechnology and medical pharmaceuticals are still the key investment direction of Hillhouse. Among the 91 holding companies, pharmaceutical and medical companies account for nearly half. Baiji Shenzhou, which has been among the top five largest stocks in many quarters, has ranked first in the market value of its holdings in the first quarter of Hillhouse.
At present, Hillhouse has invested in more than 200 enterprises in the global health care industry, including more than 100 domestic enterprises. In recent years, with the rapid development of the global life science industry and biomedical industry, the investment in the life and health industry is also in full swing with the development of the industry. Yi Nuoqing, co-chief investment officer and partner of Hillhouse, once said that today's health industry is full of vitality, just like the eve of the outbreak of the information industry.
Continue to increase investment in cloud computing and hard technology
In the first quarter of this year, Hillhouse continued to increase its investment in cloud computing, hard technology and artificial intelligence under the enterprise service track.
Hillhouse graffiti Intelligence, which completed the listing of US stocks in the first quarter, is also on the 13F list. Graffiti Intelligence is the world's leading IoT cloud platform that connects the intelligent needs of brands, OEM vendors, developers and chain retailers to provide an one-stop artificial intelligence PaaS-level solution for the Internet of things.
In addition, Wanguo data and Salesforce are still Hillhouse's important positions in cloud computing and big data. As of the end of the first quarter, Hillhouse held 3.14 million shares in Hillhouse, ranking 12th in market capitalization; meanwhile, Hillhouse continued to increase its position in Salesforce 64000 shares in the first quarter, and Salesforce ranked 13th in terms of market capitalization among Hillhouse's holdings at the end of the first quarter. According to public information, Wanguo data is China's leading developer and operator of high-performance data centers, while Salesforce is a service provider in the CRM industry, which aims to provide enterprises with CRM software with ease of use, integration, efficiency and visibility.
Plus "carbon neutral" infrastructure investment has reached 50 billion.
In the fourth quarter of last year, new energy vehicle stocks experienced a big rally in the u.s. stock market, such as Xiaopeng, which soared 203% in November. The Hillhouse secondary market team also made a substantial adjustment to the new energy vehicle stock in the fourth quarter, bringing considerable profits. In the first quarter of this year, the share prices of new energy vehicles adjusted, falling continuously, or even halved. The Hillhouse secondary market team built a new round of positions on Xiaopeng and other new energy vehicles in the first quarter of this year. Hillhouse also invested Byd Company Limited and Great Wall Motor in the A-share and Hong Kong stock markets this year, and Hillhouse still has a foothold in the field of new energy vehicles.
Further, in the field of "green new infrastructure" such as new energy technology, materials, and technology, Hillhouse has deeply laid out the upper and lower reaches of the industry chain such as photovoltaic, new energy vehicles and chips in accordance with the "carbon neutralization" technology roadmap. Invested in Longji shares, Ningde Times, Enjie shares, Sunshine Power supply, Tongwei shares and other leading companies. It has been revealed that Hillhouse has set up a special climate change investment team, and the scale of investment in the field of carbon neutralization has reached 50 billion yuan. At the beginning of this year, Hillhouse launched the industry's first special "green fund", issued the industry's first carbon neutralization proposal, and jointly released the industry's first carbon neutralization report.