Ariose Capital Generates Strong Returns from NetEase, Inc (ADR) (NTES) & Other Tech Stocks

Alibaba Group Holding Ltd (NYSE:BABA) was represented in Ariose’s equity portfolio by a new stake worth $47.83 million, which contained 465,093 shares. Overall, the company was in 69 hedge funds’ portfolios at the end of the second quarter of 2016, compared to 67 funds that held shares a quarter earlier. Among these funds, Silver Lake Partners was the largest shareholder of Alibaba Group Holding Ltd (NYSE:BABA), with a stake worth $1.30 billion reported as of the end of June. Trailing Silver Lake Partners was Viking Global, which amassed a stake valued at $320.6 million. Discovery Capital Management, Fisher Asset Management, and AQR Capital Management also held valuable positions in the company. Alibaba’s stock appreciated by 33% during the third quarter.

Finally, China Biologic Products Inc (NASDAQ:CBPO) represented another new addition to Ariose’s equity portfolio in the second quarter and the fund held 238,841 shares worth $27.69 million at the end of June. The stock went up by 17% between July and September, lifting the returns of 23 funds tracked by Insider Monkey that held shares heading into the quarter. The largest stake in China Biologic Products Inc (NASDAQ:CBPO) was held by Indus Capital, which reported holding $37.1 million worth of stock at the end of June. It was followed by Soros Fund Management with a $25.2 million position. Other investors bullish on the company included Renaissance Technologies, York Capital Management, and PEAK6 Capital Management.

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